Bajaj Finance’s arm revises interest rate on home loan

22 Jun 2022 Evaluate

Bajaj Finance’s fully owned subsidiary -- Bajaj Housing Finance has revised interest rate for its products. The company’s home loan interest rates now start as low as 7.20% p.a. for salaried and professional applicants. Eligible borrowers can pay EMIs starting at just Rs 679 per lakh. The Bajaj Housing Finance Home Loan offers sizeable finance to the tune of Rs 5 crore or higher, basis eligibility, with a repayment tenor of up to 30 years. Borrowers also benefit from hassle-free processing with an online application feature, minimal documentation, and doorstep pick-up service.

Those with an existing home loan can also make the most of the Company’s home loan offerings by availing of a home loan balance transfer. Borrowers can transfer the balance amount on their home loan to Bajaj Housing Finance for interest rates starting as low as 7.35% p.a. for salaried and professional applicants, with EMIs at just Rs 689 per lakh.

When transferring their home loan, borrowers also have the option to avail of a top-up loan of Rs 1 crore or higher, basis eligibility. The amount comes with no end-use restrictions, i.e., one can choose to spend it as they deem fit.

Bajaj Finance, the lending company of Bajaj Finserv group, is one of the most diversified NBFCs in the Indian market catering to more than 40 million customers across the country.

Bajaj Finance Share Price

7277.45 -0.30 (0.00%)
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