Bangalore, the capital of Karnataka, also known as the “Silicon Valley of India” is one of the most developed cities in the country. People prefer to settle here majorly due to the competitive employment opportunities it offers and for the favorable weather conditions. 

If you are looking at making this progressive city your home, you can easily do so through an easy and transparent home loan in Bangalore.

Features and Benefits of Home Loan in Bangalore

•    Instant application 

Often availing a loan includes complex procedures which takes days to process.  However, at Finserv Markets, your loan application is approved within 3 minutes. Moreover, with our online process, once approved, you can get the loan amount credited to your bank account within 24 hours.

•    Flexible repayments

You can avail a Bajaj Finserv home loan with us without worrying about its repayment, at the very next moment. With our flexible repayment facility, you can choose your own tenure and pay the loan in easy EMIs. You can pick a tenure up to 300 months (25 years) and pay back the loan as per your financial capability and convenience.

Moreover, there are no charges on its prepayment and foreclosure. 

•    Minimum documentation

While you apply for a home loan with us, you need not worry about arranging heavy paperwork and documents. You can take a loan with minimum documentation, depending upon your occupation. 

For a salaried employee, these documents are required to be submitted -

  • Aadhar card, passport and driving license
  • Address proof
  • Identity proof
  • Form 16 or last salary slip
  • Bank statement of last 3 months. 

Whereas, for a self-employed individual, you will need these

  • Aadhar card, passport and driving license
  • Address proof
  • Identity proof
  • Bank account statement of last 6 months.
  • ITR for last 2 Financial Years.
  • Document proof that is in the business for a minimum of 4 years. Similarly, 3 years if you are a Doctor or a CA.
  • Photograph.

Features & Benefits

•    Insurance Cover

To ensure that your loan repayment is not a burden for your family in your absence, you can avail a customized insurance plan when availing a home loan.

•    High-value loan

You can fulfil all your dreams of your ideal home with our high-value loans. Based on your income, you can avail a Bajaj Finance home loan for as high as Rs. 5 crores. If you are a self-employed individual you can avail a loan starting from Rs. 12 lakhs to Rs. 5 crores. Whereas, if you are a salaried employee you can apply for a minimum of Rs. 10 lakhs and maximum Rs. 3.5 crores loan amount.

•    Online access

You can check your loan details like the loan application status, repayment schedule, etc. through our online customer portal. 

Eligibility

Once you check your eligibility to avail a loan, you can easily apply for it through the online application form. 

You will need to fulfil the following eligibility criteria if you are a salaried employee-

  • You must be an Indian resident
  • You should have 3 years of experience as a salaried person
  • You should be between the ages of 23 to 62 years. 

However, if you are a self- employed individual, you will need to fulfil the following eligibility criteria  

  • You must be an Indian resident
  • You should have a minimum of 4 years of business experience
  • If you are a doctor or a Chartered Accountant, you must have 3 years of experience
  • You should be between the ages of 25 to 70 years. 

Further, you can check your eligibility through the eligibility calculator.

How to apply    

Follow this step-to-step procedure to apply to one of the cheapest home loans in Bangalore - 

  • Fill in the online application form by entering your personal and occupational details
  • Check your loan amount and eligibility
  • Enter the property details and the loan amount you need. 
  • Find your final loan eligibility. 
  • Receive the loan amount in your bank account. 

Our Pursuit, Your Happiness

Getting a loan to take care of my wedding and relieving my parents to enjoy the occasion was the best decision I ever made. Easy-to-apply, amazing interest rate and quick disbursal, what more can one ask for!

I am passionate about the vehicle I drive. I want to protect it with the best available option. What amazed me was the full transparency, quick quotes and the attractive discount on the premium while choosing the annual payment option!

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My husband and I will finally move into our own house this Diwali. All thanks to Bajaj Finserv, with competitive interest rates, minimal processing fees and easy to repay EMIs, our dream saw the light of reality in no time!

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