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Bajaj Housing Finance offers home loans at 6.70% interest rate

Bajaj Housing Finance has reduced its interest rate on home loans to 6.70%, compared to 6.75% per year for salaried and professional applicants. The wholly-owned subsidiary of Bajaj Finance Limited said in a statement that applicants with good credit, income and a professional profile can save significantly by taking advantage of the new interest rate on home loans. Customers with an existing home loan can also benefit from the new rate by opting for a home loan balance transfer, according to Bajaj Housing Finance.

Eligible applicants can transfer the mortgage balance amount to Bajaj Housing Finance Limited and benefit from the reduced interest rate – revised to 6.70 percent. The balance transfer also comes with an additional balance loan facility. For the loan, applicants with good credit and income and employment history can apply for a significant loan amount of Rs 5 Crore, or more, based on eligibility, according to the statement.

Bajaj Housing Finance Home Loans – Key Features:

Contactless loans

Bajaj Housing Finance offers contactless loans because the whole process is virtually completed. Clients must apply through its website, after which coordination is done by email and phone. Clients only need to meet the representative in person at the final stage where the loan agreement must be signed and other registration formalities are completed.

Loans linked to an external reference, a first in the industry

Customers have the option of availing home loans whose interest rate is linked to external benchmarks, such as the repo rate. With this, customers have a chance to benefit from regulatory tariff cuts.

30-year repayment term

Bajaj Housing Finance offers flexible repayment schedules to ensure clients can repay comfortably, without straining their personal finances too much. They can opt for a term of up to 30 years when applying for a mortgage.

Zero partial prepayment and entry fees

In accordance with the guidelines of the Reserve Bank of India (RBI), people with S floating interest rate home loans can choose to repay either part of their loan or the entire amount before the end of their term. no additional cost.


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