2022 brings with it a bouquet of offers for those in line for a home loan. Aspiring home buyers can now enjoy affordable home loans with low interest rates and sizeable loan chunks, thanks to the festive fervour and demand continued from last year. Leading lenders such as Bajaj Housing Finance Limited have announced competitive home loan offers and the beeline for them only gets longer. 

The lender recently unveiled its festive offer of low interest home loan, starting from 6.65%*p.a., reduced from its earlier interest offering. Eligible applicants who avail of this offer can also opt to link their home loan interest rate to the RBI Repo Rate, an industry first initiative by the lender that allows borrowers to benefit from favourable market conditions directly. 

Bajaj Housing Finance is known for attractive housing loan terms, and new interest rate only makes their loan offerings more compelling. Both affordable and easy-to-get, this NBFC home loan product is a necessity in your quest to become a new homeowner. 

Unmatched Features & Benefits 

The Bajaj Housing Finance Home Loan is highly covet and for good reason. The product boasts of attractive features and benefits – key to making the borrower’s experience a good one. 

1. The lender offers a sizeable sanction amount to eligible applicants, worth Rs. 5 Crore* or even higher. Borrowers will no longer have to scale down their dream home due to cash constraints. 
2. The lender offers RBI Repo Rate link home loans that make way for Repo Rate reduction benefits to be directly pass on to borrowers. 
3. Borrowers with existing home loans with other lenders can avail balance transfer facility that allows your loan balance to be transfer to Bajaj Housing Finance, as you serve the rest of the tenor. You can also refinance your loan with ease. 
4. The lender offers eligible borrowers an array or repayment options and repayment tenors, extending up to 30 years. 
5. Individuals with home loans at a floating interest rate enjoy the privilege of foreclosing their loan or making part-prepayments at zero extra cost. 

Festive Offer: Home Loan Eligibility Criteria 

The home loan eligibility criteria applicants for to meet for the Bajaj Housing Finance Home Loan is simple, fuss-free, and hassle-free. Read on to know what they are, and what one must to do to meet them. 

1. Employment Type and Tenure: Bajaj Housing Finance invited both salaried and professional individuals to apply for their festive low interest home loan. Salaried employees must work at a public, private, or multinational firm, for a minimum of 3-years to be eligible to apply. Their professional counterparts must also have a work experience of at least 3-years in their respective professions before they can apply. Alongside this, they must also be able to produce a valid Certificate of Practice. 

2. CIBIL Score of 800 and Higher:
   
   Your credit score, also known as CIBIL score plays crucial role in determining whether you’ll get approved for you loan, and what kind of loan terms you will be offered. It helps a lender assess your repayment capacity and therefore – offer you the recommended terms. To be eligible for the low interest home loans, applicants must have a CIBIL score of 800 or higher. 

3. Online Application through Company Website:
   
   To keep in line with lender’s efforts to digitize home loan application process, offer is only valid on digital home loan applications made through their official website. Additionally, all applications must be made by 26 January 2022, and only loans disbursed by 25 February 2022 are eligible. 

Use the Home Loan Calculator to Gain More

The Bajaj Home Loan Calculator is a free online tool that helps you plan out your home loan repayment strategy before you approach the lender. This affords you insight into your repayment capacity and the foresight to plan it well. By depend on error-prone, manual calculations when all you really need is five minutes with the online home loan calculator?

The user must feed in all the relevant data – their income, loan requirements and preferred tenors and the calculator compiles the best suit loan amount, recommended repayment tenor and even a tentative EMI forecast, giving you a realistic idea of a home loan plan that will keep in line with your financial standing. 

Conclusion

Now that you have all the information you need to apply for this festive offer, hurry and apply today. Bajaj Housing Finance Home Loan is unmatch in various aspects, including its competitive rates and affordability. Eligible applicants can get a loan amount of Rs.5 crore* and even more and repay the amount comfortably over a tenor of 30 years – without compromising their future financial goals.