Shruti Sinha, a resident of Gurgaon, had been looking for a home to invest in for over five months. Recently, she stumbled upon a home that was the perfect fit for herself and her family. However, there was a small problem. Since the home was highly sought-after, the real estate agent in charge of selling the home put forth two mandatory conditions-the down payment was required immediately, and the first instalment was due in another week. Shruti had already decided that this was the home she wanted to buy, and made the down payment on the home at once. Now, all that she needed to do was to find a home loan to support her decision. When one of her friends suggested that she take a Home Loan from Bajaj Finserv, she knew she had found the solution to her needs.

Why Bajaj Finserv Offers A Fresh Home Loan Fast

Bajaj Finserv realizes the fact that searching for a suitable home is a gruelling process. That is why, once you do find your ideal residence, nothing should prevent you from purchasing it. Therefore, home loans from Bajaj Finserv feature a simple application process, quick approval times, and conveniently fast disbursals. Whenever you, as a new homeowner, are in immediate need of funds, you can rely on Bajaj Finserv to provide quality support. Not only will you acquire your home loan fast, but the entire process will also be as stress-free and comfortable as possible, thanks to the help of qualified personnel.

Tips to speed up your home loan application even further

To get your home loan sanctioned even faster, make sure you:

Know Your Eligibility

If you are a self-employed individual, you should fulfil the following criteria:

  • You are an Indian resident.
  • You are between 28 to 70 years of age.
  • You are a self-employed individual with minimum 5 years of continuity in current business.
  • Your home loan requirement is between Rs.30 lakh and Rs.3 crore.

If you are a salaried professional, you should be an Indian resident between 28 to 70 years of age and fulfil the following criteria:

  • You are a salaried individual with a work experience of 3 years or more
  • Your home loan requirement is between Rs.30 lakh and Rs.3 crore.
  • Your minimum salary is Rs.45000 and minimum property value is Rs.30 lakh.

Submit The Right Documents

For self-employed individuals, the documents required are:

  • Application form, identity proof, photograph, address proof, signature proof, date of birth proof, income details, business continuity proof, bank account statements, (optional) Partnership deed, and MOA/AOA.

For a salaried professional, the documents required are:

  • Application form, identity proof, photograph, address proof, income details, and bank account statements.

Benefits of a Home Loan from Bajaj Finserv

  • Home Loan +

For those who buy ready-to-occupy property, Bajaj Finserv offers a separate amount exclusively for furniture, fittings, and other home improvement purposes. So, why go through the trouble of applying for a separate loan when all of it comes in a combined, convenient package?

  • Top-up Loans

In case you require funds for additional expenses and are worried about your existing home loan creating a detrimental effect on any new loan applications, just apply for a top-up loan from Bajaj Finserv, and avail the comfort of low interest rates and minimum documentation.

  • Nil part prepayment and foreclosure charges

It’s always better to have multiple repayment options. Bajaj Finserv’s Home Loans charge zero additional fees for both part prepayment and foreclosure, so you can enjoy a debt-free future faster.

  • Flexi scheme, 3 EMI holiday, and online account access

Under the Flexi scheme, you are required to pay interest only on the amount of loan you utilize. With a 3 EMI holiday, you can choose any three months to skip your EMI payments. And with Experia, the dedicated customer portal, you have completely online account access.

  • Property Dossier, customised insurance schemes, and property search services

Get all-round assistance and support with customized reports and searches for your dream property, along with specially-crafted insurance schemes for a superior home loan experience.

Today, Shruti Sinha is a happy and content owner of her dream residence, thanks to home loans by Bajaj Finserv.

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