Know everything about Loan Against Property for Doctors

Know everything about Loan Against Property for Doctors

Doctors can need funds from time to time for various purposes. To expand their clinic, buy new medical equipment, hire additional staff, or even patent a product. Whatever may be the reason, a Loan Against Property for Doctors from Bajaj Finserv can be an efficient solution.
With a loan against property, doctors can mortgage either their residential or commercial property and get a loan up to Rs. 2 crore. They can repay the loan amount between 5 to 15 years and even apply for a top-up loan if the value of the property increases during the loan tenor. The best part, the ownership of the property doesn’t get transferred.
Loan against property for doctors comes with additional features like
• Attractive interest rates
• Minimum documentation
• Customised insurance schemes
• Doorstep services

Home Loan Low Interest Rate

Limited Period Offer: Bajaj Finserv offers Home Loans at 8.35%

If you are considering buying a home or switching your existing home loan, Bajaj Finserv has a limited period offer for you! For 7 days starting 29th August, you can avail a home loan or a home loan balance transfer at special rates starting 8.35%*.

This limited period offer is valid till 4th September and can help you save as you chase your dream home.

Home Loan from 8.35%

Buying a home is one of the most important decision in your life, and you should take extreme care when it comes to applying for a Home Loan as you don’t want a loan that puts unnecessary strain on your finances. And that’s a good enough reason to opt for a Home Loan from Bajaj Finserv.

If you opt for a home loan of Rs.75 lakh and above during the offer period, you can avail your home loan at 8.35% rate of interest. For loans of Rs.50 lakh to Rs.74.99 lakh, Bajaj Finserv is charging a special interest rate of 8.45%, while loans below Rs.49.99 lakh can be availed at 8.50%. This offer is valid on online applications for home loans and balance transfer from other banks.

Here are some of the reasons why you should opt for a Home Loan from Bajaj Finserv:

Easy loan approval and disbursal

Choose the option to apply for a home loan at your convenience. As long as you fit the eligibility criteria, you can get approval for home loan in as little as 5 minutes!

Top-up loans

If you opt for a home loan balance transfer with Bajaj Finserv, you can also get a top-up loan of up to Rs.50 lakh at a low rate of interest, which you can then use to set up your dream home or for anything else you need.

Refinance

If you have used your own funds to purchase a house in the last 12 months, then you can opt for the refinance optionoffered by Bajaj and avail a loan amount that’s less than or equivalent to the registered value of your property.

3-EMI Holiday

Bajaj Finserv offers a 3-month EMI grace period to help you plan your monthly expenses.

What are the requirements?

You need to be a salaried individual to avail this offer. You need to apply for your home loan or balance transfer through our online application form. You should have your credit score and required documents handy. Here’s a list of documents you need to apply for a home loan.

Check eligibility

Check your home loan eligibility through our Home Loan Eligibility Calculator. If you are eligible, you can apply for a home loan with through our online application form. Your loan will be approved within few minutes and a Bajaj Finserv representative will get in touch with you to collect your documents.

Don’t miss the bus!

For most of us a home loan is an investment of a lifetime and therefore it is necessary to opt for an affordable home loan. Bajaj Finserv’s Home Loan offer starting 8.35% interest rate is valid till 4th september, 2017.

So, apply for your home loan right now!

Apply for Home Loan Online     Check your Home Loan eligibility

*T&C Apply.
FD vs MIS

FD or MIS: Choose the clear winner for yourself

A fixed deposit is a financial instrument that allows you to lock in your spare money for a period of time and offers a fixed return for the duration of the deposit. A monthly income scheme or MIS is a financial deposit that requires the investor to first pool the money with a lender, and then earn a return, which is shared every month.

Both investments types have a few advantages and disadvantages. Depending on your financial portfolio, you are free to choose the ideal option based on a few important factors.

Here is what you need to know to choose the best plan for you:

  1. Surety of earnings:

An FD offers a fixed rate of return, which is predetermined before investing in the deposit. You can use an FD calculator to gauge the correct amount due on your FD’s maturity. You are therefore clear on the maturity value of the fixed deposit before investing. Most monthly income schemes are also invested into equity and therefore no certainty on returns can be provided. Thus, you cannot know what your gains will be at the time of investing.

  1. Risk calculation:

A fixed deposit offers the lowest risk of any investment option whereas a MIS almost always carries some risk as a portion of the investment is in equities. On the plus side, you may get better than expected returns based on how the equities perform. As an investor, you need to know that return is inversely proportionate to the risk taken. In the case of a FD, which offers a fixed return, the risk is low—almost non-existent. However, in a monthly income scheme, the risk is higher due to equity investment.

  1. Cash earnings:

The earnings from a fixed deposit will remain constant and are predetermined. The cash flow earnings from a MIS can vary over time as the earnings vary with market fluctuations. So if you are looking to get surety in terms of interest, an FD is right for you; if you are open to ups and downs in the money you make, choose MIS.

  1. Payouts:

While a fixed deposit locks your money for a set period of time, you are free to withdraw the principal from the fixed deposit at any time with a penalty charge. At the time of withdrawal, you will also receive the interest earned up to the date of withdrawal of FD. In an MIS you get a monthly return and most MIS come with a fixed lock-in period with a penalty for withdrawals before maturity.

Ideally, a monthly income scheme is best for an investor who has an appetite for high risk, as returns are not assured, and when the investor is sure they don’t need the invested funds for the tenor. When investment needs dictate that funds may be required at short notice, the MIS investor will take a hit at the time of the payout. On the contrary, a fixed deposit investment is safe, offers a slightly lower return in some cases, but is backed as being the most secure investment. Further, you are free to withdraw the money when required and still earn a return up to the time of withdrawal, albeit by paying a penalty.

For the careful investor, a fixed deposit will continue to be the best investment option considering its safety and easy liquidity. When you are shopping for a fixed deposit, consider Bajaj Finance, a reputed lender who offers an easy online application process with minimal documentation, yet offers high-interest rates—especially if you are a senior citizen, an existing loan customer, a Bajaj group employee, or in case you renew your FD.

 

Calculate FD Maturity Amount

Invest in Fixed Deposit

Made The Down Payment For Your Home? Get A Fresh Home Loan The Fastest From Bajaj Finserv!

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.

Transfer your Home Loan Online Home Loan Balance Transfer Calculator

Why giving your home floors a revamp with bamboo is beautiful and affordable!

Why Giving Your Home Floors A Revamp With Bamboo Is Beautiful And Affordable!

Bamboo flooring is rapidly gaining popularity among new-age homeowners because of its similarity to hardwood flooring. This home improvement flooring is relatively inexpensive and, at the same time, gives your home a sophisticated feel. Before you explore this impressive home decor idea, however, it is good to be informed of its pros and cons.

Advantages:

  • Durability:

    Bamboo flooring is durable, strong, and hard. If you’re concerned about water damage to the floor, add a Urethane layer on the bamboo, which helps seal the wood and also makes it resistant to scratches. The quality of bamboo you choose is very important, since a good quality bamboo can be as strong as red oak wood.

  • Eco-friendly:

    The reason bamboo is gaining popularity is because of its sustainability and eco-friendliness. Bamboo, which is essentially a type of grass, is a renewable resource, which takes about 3-5 years of time to mature. This time period is a lot less than the raw material used for other hard wood floors.

  • Cost:

    This living room design revamp is light on your pocket vis-à-vis traditional floors. Bamboo flooring is easy to install—just glue or nail it to the sub flooring. If you have time on your hands, you can do it yourself with the help of online tutorials. This makes it all the more attractive as a DIY interior design for your house.

  • Maintenance:

    Bamboo flooring is surprisingly low maintenance as compared to the conventional hardwood floors. Sweeping and vacuuming are the only requirements. When you spill some liquid, or feel the floor is sticky, you can use a wet mop to clean the area. A number of bamboo floor cleansers are also available in the market to help you out in such situations. The Urethane or wax layer protects your floor from the water damage.

  • Style factor:

    Adding on a bamboo floor adds unmistakable style to your home. It makes your room look bigger and wider in dimension. It is unique, as every piece of wood is different and the natural design can be accentuated with colouring and staining. If you dream of having a contemporary house, then this home improvement option should be a definite check on your list. A wide variety of styles are available in stores nowadays, and you can choose one or a combination to suit your sensibilities. For example, you may want to place a combination of light and dark in the same room, or have slightly different colours for each room. Solid bamboo flooring will give your home décor a fascinating look for Rs.500 per square feet.

Disadvantages:

  • Possibility of Scratches:

    Bamboo, being a softer kind of wood, is prone to scratches. You may want to be careful if you have pets at home, as they tend to scratch floors often.

  • Water Damage:

    If you stay in a humid area, second guessing this option is a must. Though bamboo is naturally more water-resistant than wood, it still falls under the category of natural and organic material and is bound to experience a little discolouration with time.

  • Environmental Ambiguity:

    Bamboo is a natural product made from a renewable material. Although it is green, there are talks that this leads to deforestation, which is not good for the environment.

Are you interested in this flooring style, but concerned about the cost? Bajaj Finserv can help you take a step in the right direction with a convenient Top-up Loan. You can acquire a large amount at low interest rates as soon as you complete a home loan balance transfer.

Transfer your Home Loan Online Home Loan Balance Transfer Calculator

Why your home needs an aquarium and how to place it beautifully!

Why Your Home Needs An Aquarium And How To Place It Beautifully!

Not only are aquariums beautiful, but they also lend a classy appeal to your house. According to Feng Shui too, having fish at home generates positive energy and brings harmony. There are various types of aquariums you can choose and here’s a handy guide to help you do just that:

Types Of Aquariums And Where They Can Be Placed:

  • Freshwater Aquarium:

This is the most common type of aquarium, which requires fresh water and features tropical fish. It has the most basic set-up, requiring minimum care and attention. It can be aesthetically placed at any part of your house, even as a centrepiece for your drawing room or dining room. Just remember to buy one according to the size of your house. A lot of accessories can be used to light up this aquarium and provide an elegant touch to your interiors. One of the most popular trend right now is using LED-lit tanks to create a mesmerising ambience. A standard freshwater aquarium costs around Rs.50000.

  • Coldwater Aquarium:

As the name suggests, coldwater fish require water to be room temperature or a little higher. The most common type of fish for this type of aquarium are Goldfish. One of the advantages of this aquarium is that it can be as small or large as you desire. A pair of Goldfish in a beautiful bowl can work wonders in your home. It can be placed on coffee tables or the side table of your room, or even on the empty shelf of a book or TV cabinet. You can also use water tanks for other coldwater fish like the Koi, which can be set up as a coffee table cum tank! Does your home have circular corners or pillars? You can incorporate the aquarium as part of the wall or pillar too. A stylish coldwater aquarium with good space will be Rs.50000.

  • Marine Aquarium:

This aquarium requires salt water for the fish to survive, and is usually considered high maintenance in comparison to the other types of tanks. The advantage is that these aquariums include colourful fish, beautiful coral reefs and spectacular invertebrates to admire. This is a more expensive choice, as the fish require a lot of maintenance and the reefs are usually costly. This is a picturesque aquarium, and all its vibrant colours and energies combine together to create a stunning effect on your home interiors. A well-outfitted marine aquarium costs Rs.1.5 lakh.

  • Brackish Aquarium:

These aquariums are rare, and feature a mix of both freshwater and salt water, which is very difficult to maintain. The selection of fish available for it is limited, with the most popular being the Puffer. It can be set up as an estuary tank or with mineral sand, rocks, plants, branchy driftwood, mangroves and beautifully coloured fish, which can instantly boost the style in your interiors. A brackish aquarium can be placed at any part of the house, including the living room. The cost of a brackish aquarium will be around Rs.2 lakh.

An aquarium has the ability to uplift the ambience of your home without disrupting its décor, and can greatly contribute to a feeling of peace and tranquillity. Want to include a large aquarium as a centrepiece in your home but worried about the cost? If you already have a home loan to pay off, here’s a solution that will work: Just get a Home Loan Balance Transfer from Bajaj Finserv to enjoy lower interest and benefits like a 3 EMI holiday apart from getting a convenient Top Up Loan. You can use the top up loan amount to buy an aquarium with a bounty of fish, and pay low interest over a longer tenor.

Transfer your Home Loan Online Home Loan Balance Transfer Calculator

Want a modular kitchen in less than Rs.10 lakh? Here's how to go about it!

Want A Modular Kitchen In Less Than Rs.10 Lakh? Here’s How To Go About It!

The kitchen requires time and effort in order to be set up appropriately.. New kitchen designs and techniques are aplenty, but they come at a significant investment. Today, a standard modular kitchen will easily amount to Rs.10 lakh and above. The key to making the most of your modular kitchen is to select the best designs, a proper layout, and the ideal fixtures.

Here’s a 3-step guide to beginning the process of developing a modular kitchen:

  • Decide your budget
  • Think about the design according to the layout of your house
  • Finalize the material to use

After choosing your budget, do some preliminary research on the various modular concepts available nowadays. Visiting furniture stores or boutiques in person or online can help you get a clearer picture of the quality, design, size, etc. that you desire, which in turn will help you narrow down on the design and layout suitable for your needs.

The Process of Selecting a Modular Kitchen

Here are a few tips on how you should go about deciding upon an ideal kitchen:

  • The first step is to consider whether you want to buy a ready-made modular kitchen structure from any store, or undertake a DIY (do-it-yourself) project. The DIY option will not only help you utilize all available space, but also cost less. With a little resourcefulness and creativity, you can design a nice DIY modular kitchen for Rs.5 lakh.
  • Choose the right quality of products or materials to be used. Teakwood is generally expensive, with a one cubic foot plank amounting to Rs.1550; making cabinets out of it will be both costly and high-maintenance. Instead, you could opt for laminated wood, which is light and durable. Also, it is easy to clean and comes in various colours that will enhance the look of your kitchen.
  • For the kitchen, it is best to go for either contrast colours or shaded hues, as too much wood work and splotchy colours can create chaos. You can use shades of white and grey, red and white, or grey and blue to keep it classy and elegant.
  • Think in terms of utility and design. Try to create your kitchen in a way that makes use of all the space. Go for long slabs of material and experiment with an “L-shaped” design. Marble will cost you Rs.250 per square foot so be careful while selecting it, choosing it only if your budget permits. Italian marble is the most preferred type; however, another option is granite, which is a popular material as it is Rs.140 per square foot and comes in great designs and colours.
  • When it comes to shelves, use channels and small tray drawers. Channel drawers and sliding drawers are very effective in storing all your cutlery and kitchen equipment. A single set of basic modular kitchen sliding drawers will cost Rs.65000.
  • Efficient utilisation of space is the key to creating an effective modular kitchen. If you see some space beside the fridge, the kitchen cabinet or the side of the chimney, try building long shelves with rotating options made of steel or aluminium to give it a modern look. A nice modular kitchen cabinet starts from Rs.100000 onwards.
  • Work on the lighting. Go for small LED lights, and fit them inside the doors and drawers for flair and utility. You can give your kitchen a whole new look for around Rs.50000.
  • The chimney is one of the most important components of a kitchen. If you wish to buy a standard quality modular kitchen chimney, it will amount to Rs.31000.
  • The last thing to do is to equip your modular kitchen with the right electronics—be it a food processor, air fryer, coffee machine, microwave, steamer, rice cooker, etc. Choose all electronics in the same shade to keep the look stylish.

Planning an ideal modular kitchen in keeping with your overall home design can be an expensive affair, with standard quality kitchens costing around Rs.7 lakh to Rs.10 lakh. Additionally, if you are repaying a home loan, the total expenditure might get a bit out of hand. In this case, a very popular option these days is going for a home loan balance transfer. With Bajaj Finserv, for example, you can reduce your EMIs with lower interest on your home loan, avail advantages like a 3 EMI holiday, and even apply for a convenient Top Up Loan. This loan is offered in addition to your home loan at low rates of interest and over a long tenor to facilitate your perfect modular kitchen!

Transfer your Home Loan Online Home Loan Balance Transfer Calculator

pro home décor ideas that will cost you under Rs.10 lakh

7 Pro home décor ideas that will cost you under Rs.10 lakh

If you are on the hunt for unique interior design ideas on a tight budget of Rs.10 lakh, then look no more. Your search ends here at our list of top 7 design ideas for small Indian homes..

Here are 7 professional home décor ideas that are as easy as they are trendy:

  • Combine colours to create magic

You may have heard that when it comes to painting your home, it is better to be safe with neutral shades such as beige, off white or lime yellow. However, if you are looking to experiment with innovative wall décor ideas, then do not shy away from dark colours and neon shades. You can combine them to create patterns such as chequered walls, horizontal and vertical stripes or even a dramatic wallpaper depicting a Parisian street. Alternatively, décor experts recommend that you paint one wall with a bold colour and leave the rest with subtle colours to create drama. Basic wall décor starts from around Rs.15000.

  • Less furniture for spacious interiors

If you are living in a small apartment, the most intelligent approach to furniture would be to go minimal. Buy cosy yet short furniture to make even the smallest of apartments look spacious and give the illusion of a higher ceiling. Invest in only one statement piece of furniture per room, be it a life-size painting or an ornate couch. Make it stand out in term of colour and size, and keep the rest of the room understated for the best effect.

  • Mirrors are a must

Everyone will tell you to invest in mirrors to make a smaller house look big and they are right, but just installing mirrors is no good. You must strategize on where to put up a mirror to optimise space and make the room look bigger. Invest in bigger mirrors with elegant trimmings so they don’t appear to just fill up space. You can also put up mirror on doors and cordon off the corners with metallic frames. Designer mirrors are upwards of Rs.1 lakh.

  • Pale ceilings go with bright floors

One of the lesser-known tricks that interior decorators use to spruce up living rooms and small bedrooms is to cover ceilings with paint that is five times lighter in shade than the walls, so that the ceilings appear to be higher. To highlight the room further, invest in a beautiful rug or carpet that grabs attention to itself. A bright floor also takes the tension away from the other furniture and brings the focus to the centre of the room. Investing in a good quality rug may be a tad bit expensive, but it will be long-lasting, which will go a long way in managing your finances.

  • A dash of metallic finish to all your furnishings

You can create a theme for all the smaller furnishings in your house to make things interesting. Smaller metallic objects and props such as vases and table lamps, trays and storage boxes can be combined in hues of gold and silver. Metallic objects lend an imperial touch to the house without making it look very opulent.

  • Pillows for all seats and sofas

To make all your seating look plush, add small cushions. Combine cushions in two clashing colours and put them together on long couches and divans in your living room to make it look like a comfortable and inviting piece of furniture. You can also combine three to four small pillows with a bolster or kidney pillow quirky prints and patterns to create interest. Basic decorative pillows are around Rs.5000 per piece.

  • Demarcate spaces to create zones

By using old-fashion wooden dividers, you can use common spaces in the house to create smaller areas such as a mini-bar with two high stools, a dining area, a play zone for your kids, etc. You can also invest in wall-mounting space savers (like a wall desk or wall cupboards) to transform a dining area to a study or an isolated corner space in the living room to a mini-library.

You can put all your design ideas to good use with the right financing, with a Top Up Loan at attractive interest rates from Bajaj Finserv. This is an additional loan offered to you when you do a Home Loan Balance Transfer from Bajaj Finserv, which also gives you lower interest and a 3 EMI holiday. So what are you waiting for?

Transfer your Home Loan Online Home Loan Balance Transfer Calculator

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