Home loan

Online home loan and digital sanction letter – For a simple and smooth home loan experience

Apart from the online application aspect, applicants also benefit from all the features of a home loan from Bajaj Housing Finance.

Most Indians rely on a home loan to make their dream home a reality. High real estate prices have almost made home loans a necessity for most people in the middle income segment to be able to afford housing for them. Of course, the tax advantages that come with such a loan make the commitment that much easier.

But the only thing that has remained a key issue is the process associated with obtaining a home loan. Traditionally, loan applications have been long and time consuming, requiring endless paperwork and multiple branch visits.

The growing adoption of technology and the onset of the COVID-19 pandemic have prompted the introduction of a new and improved approach to home loans, namely online home loan application. Under this, you can apply from the comfort of your home and coordinate online with the lender for most, if not all, of the processing and get a digital home loan sanction letter. While a number of lenders today offer applications online, one of them stands out.

Bajaj Housing Finance Online mortgage loan

HFC Bajaj Housing Finance Limited, a 100% subsidiary of Bajaj Finance Limited, recently submitted their home loan application form online. The form simplifies mortgage applications like never before. Applicants applying for a new home loan only need to provide 8 entries to receive a digital sanction letter valid for 180 days. Those with an existing home loan can also transfer their balance to the lender through the online application form.

Festive offer: Rs 1,999 flat rate + GST ​​processing fee

Those who apply for funding through the Online mortgage application form on the official website of Bajaj Housing Finance also benefit from the current offer of the lender.

  • Employee and professional candidates who apply for real estate loans until the 15the November 2021 and get the amount paid until the 31stst December 2021 only pay flat processing fee of Rs 1,999 + GST

How is Bajaj Housing Finance online home loan better?

  • Apply for an instant home loan – 3 steps, 10 min
    Apply online through the application form to complete the process at a time and location of your choice. The entire form consists of 3 steps and takes less than 10 minutes to complete.
  • Digital sanction letter
    One of the most crucial things that can help you better negotiate with the seller of property, whether an individual or a developer, is a letter of sanction. The document proves your eligibility for a home loan and can help you get a better deal.
  • Paperless Home Loan Approval
    Even after you’ve used the digital home loan sanction letter, the rest of the process mostly requires you to send copies of your documents by mail. If you prefer to submit physical copies, the lender also offers home document pickup. Please note that originals / hard copies of some documents may be requested at the end of the application process.
  • Instant mortgage loan eligibility

The form provides you with your mortgage eligibility, which is also indicated on your sanction letter. You even have the option to change the loan amount and term and check your provisional EMI with various combinations.

Apart from the online application aspect, applicants also benefit from all the features of a home loan from Bajaj Housing Finance.

  • Competitive interest rate from 6.70% *, with mortgage IMEs starting at Rs. 645 / Lakh *
  • Balance transfer function to increase your loan to 6.70% *, with the possibility of benefiting from a substantial top-up
  • The possibility of linking your mortgage to external benchmarks, such as the RBI repo rate
  • Flexible repayment options, with a term of up to 30 years
  • No partial prepayment and entry fees for individuals with a variable interest rate
  • Interest subsidy of up to 6.50% under the PMAY scheme
  • Online customer portal for hassle-free account management

Who can apply?

Both salaried and professional candidates are eligible. Online mortgage loan is a new way to apply for and benefit from a mortgage through Bajaj Housing Finance, so the lender’s standard eligibility criteria apply.

  • Applicants must be Indian citizens between the ages of 23-62 with the upper age limit considered as the age of the applicant at the time of loan maturity.
  • Salaried applicants will need a minimum of 3 years of professional experience in a private / public company or multinational, and professional applicants will need a minimum of 3 years of professional experience after qualification.
  • The property in question must be located in one of the cities in which the lender operates.
  • The minimum monthly income criteria vary depending on the applicant’s age and city of residence, starting at Rs 35,000.

How to register?

Both salaried and professional candidates can apply for the home loan online by visiting the lender’s official website.

  • Step 1: Visit Bajaj Housing Finance’s official online home loan form.
  • 2nd step: Choose whether you want to get a new loan or a mortgage balance transfer.
  • Step 3: In the next three steps, fill in your personal information, such as name, monthly income and obligation, and PAN, among others. Those looking to transfer their home loan will also need to mention the loan amount and the term served.
  • Step 4: In the third step, you also have the option of adding a co-applicant to try and improve your bid amount. Alternatively, one can disclose other sources of income for a more specific offer. Note that at this stage, you can consult your CIBIL score for free.
  • Step 5: Once you have entered all necessary details, proceed to payment of sanction letter fee of only Rs 1,999 + GST ​​to qualify for digital home loan sanction letter.

To conclude, obtaining a home loan is easier today than ever. Sit back and apply where and when you want and experience a smooth application process. Find out more about the Bajaj Housing Finance home loan. To apply, visit their online home loan application form.

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