Buying a home is one of the most important decision in life, and one should look for good options when it comes to applying for a home loan. Bajaj Finserva��s home loan offers number of benefits such as instant approval, speedy disbursals and many more. Bajaj Finserv, through its lending arm Bajaj Finance Ltd., is offering home loan to its customers at the rate of interest of 8.40% and up to an amount of Rs. 3.5crore.
To help its customera��s cope up with the enormous expenses involved while purchasing a new home, Bajaj Finserv is offering 3 EMI holiday wherein the customers can opt to start the payment of EMIa��s after three months of availing the home loan. Which means customer availing a home loan now can start paying the EMI from Monsoon.
Under this option, the interest and principal accrued for the first 3 EMI free months is adjusted in the subsequent tenor. This helps the customers manage the cash outflow in a seamless manner.
Unique repayment feature by Bajaj Finserv
Bajaj Finserv has also announced a new feature hybrid flexi option that offer a flexibility to pay interest as EMI on Home Loan for the initial tenor. Customer can enjoy the advantage of up to four years of holiday of not paying the principal amount helping them manage their finances better. After this period the customers need to pay both the principal and interest but only on the amount utilized. Customer planning to buy a bigger house can avail this facility as they save on EMI for the initial tenor of the home loan.
The Bajaj Finserv Home Loan also allows the customers to repay the principal amount using dropline repayment schedule. Furthermore, the customer can part pay, withdraw and even foreclose the loan amount without any additional charges or any pre-payment penalty.
Convenient application process
Bajaj Finserva��s home loan application process is transparent and convenient. The applicant can check their eligibility online and calculate their EMI through the home loan EMI calculator for choosing their tenure.