Bajaj Finserv has announced its lowest ever rates of interest for home loans via Bajaj Finance Limited, which is the lending arm. Customers can now get interest rates of 8.30% for home loans above Rs.30 lakh and this is one of the lowest rates in the country at present. Bajaj Finserv is also offering top-up values up to Rs.50 lakh for customers choosing home loan balance transfer at attractive rates of interest. This amount can be utilized for diverse needs including weddings, vacations, investing in a second home, home improvement or décor and so on. This unique feature helps customers get top-ups along with savings on EMIs due to lower interest rates.
The offer is valid between the 23rd and 29th of November, 2017 for customers applying for home loans or home loan balance transfers. Other advantages include the 3 EMI Holiday feature where customers can commence repayments of loans after three months post disbursal. They can use their money for other necessary financial planning and expenses in this period. The application process is convenient and eligibility can be ascertained online with ease. The EMI can be calculated with online home loan EMI calculator and there is the flexibility of choosing the home loan tenor as well.
Once the eligibility criteria are fulfilled, loans obtain approval within just 5 minutes and representatives will contact the applicant accordingly. There is minimal documentation required including proof of address and identity along with income documents and bank statements. Bajaj Finserv also has its own doorstep service for collection of customer documents as per their own convenience.