Offer valid till January 26, 2022
New Delhi, December 29, 2021: Bajaj Housing Finance Limited, a 100% subsidiary of Bajaj Finance Limited, announces its new festive offer today, with home loans now starting as low as 6.65%* p.a. As a first in the industry, the HFC allows eligible applicants the option to link their home loan interest rates to the RBI repo rate, and benefit from possible rate reductions by the apex body. To avail of the offer, applicants should meet the below criteria:
Should either be a salaried employee, a doctor, or a CA
Salaried applicants should be employed with a public or private sector company, or a multinational, with a minimum of 3 years of work experience. Doctors with an MBBS or a higher qualification, with a minimum of 3 years of post-qualification experience either with a hospital or registered healthcare provider or in their own practice, are also eligible. CAs with a valid Certificate of Practice and 3 years of post-qualification can also benefit from this offer.
Should have a CIBIL score of 800 or higher
The revised interest rate of 6.65%* p.a. is exclusively for applicants that exhibit exceptional credit history with a CIBIL score of 800 and above. Those with a good credit score of 750 to 799 can also avail of a competitive interest rate, which would only be marginally higher. Applicants should note that their CIBIL score is one among the several factors considered to assess eligibility
Should apply through the lender’s official website by January 26, 2022
Only those who apply through the official Bajaj Housing Finance website from December 28, 2021 to January 26, 2022 and the get the loans disbursed till February 25, 2022 are eligible.
Key Features of the Bajaj Housing Finance Home Loan
Eligible borrowers can avail of sizeable loans of Rs. 5 Cr* or even higher
Borrowers with an existing home loan can transfer the balance amount to Bajaj Housing Finance and avail of the festive offer, as well as a sizeable top-up loan of Rs. 1 Cr* or higher
Borrowers can avail of external benchmark linked home loans, which let them link their floating interest rates to an external benchmark, such as the RBI repo rate
Borrowers also benefit from flexible repayment options, with the option to choose a repayment tenor of up to 30 years
Those eligible under the PMAY scheme can avail of interest subsidies of up to 6.50%*
Individual borrowers with floating interest home loans have the option to prepay or foreclose their loan without any additional charges
Customers also benefit from their online customer portal, which allows one to download SOAs, pay advance/missed EMIs, and review their repayment schedule
Borrowers can benefit from the most favourable terms on 5,000+ approved projects
*Terms and Conditions apply.