Overview of a Home Loan in Coimbatore
Popularly called the textile capital of South India for its flourishing textile manufacturing industry, Coimbatore is a rapidly growing city. It is a centre for education, commerce, IT, healthcare, and more. Situated on the banks of the river Noyyal, Coimbatore not only offers excellent job opportunities but is also home to various picturesque locations. The city enjoys efficient air, rail, and road connectivity and is regarded as one of the safest cities in India, making it a popular market for Home Loan.
To help homebuyers realise their aspirations, Bajaj Housing Finance offers sizeable Home Loans in Coimbatore at a competitive interest rate.
Features and Benefits of a Home Loan in Coimbatore
Nil Part-Prepayment and Foreclosure Charges
As an individual borrower, you can make full or partial prepayments on your floating-rate Home Loan without paying any charges.
Minimal Documentation
You only need to submit minimal documentation when applying for a Home Loan in Coimbatore. With a digital application facility and the option of an in-principle sanction letter, loan processing can be speedy.
Home Loan Balance Transfer
You can transfer your existing Home Loan balance amount to Bajaj Housing Finance and secure a reduced rate of interest. You can also avail of a Top-up Loan by opting for a balance transfer with us.
Flexible Repayment
You can stretch Home Loan repayment over a maximum of 32 years to align your EMIs with your monthly finances. This can allow for more flexibility in repayment.
Basic Eligibility Criteria
To qualify for a Bajaj Housing Finance Home Loan in Coimbatore you need to be a salaried, professional, or self-employed individual and meet just a few simple parameters.
Digital Loan Management
From viewing your future EMIs to obtaining your SOA, you can use our online customer portal to be in control of your Home Loan at all times.
Easy-to-use Online Calculators
To pick a loan amount matching your financial profile, you can use the Home Loan Eligibility Calculator to check your loan eligibility. You can also use the Home Loan EMI Calculator to plan for repayment. Further, you can also use the Home Loan Prepayment Calculator to make an informed decision while repaying a Home Loan.
Documents Required for a Home Loan in Coimbatore
Applying for a Home Loan with Bajaj Housing Finance requires minimal paperwork. You with have to produce the following documents:
- KYC documents (including ID and address proof)
- Mandatory documents (PAN Card or Form 60)
- Income documents (based on your borrower profile such as Salary Slips, Form 16, P&L Statement, etc.)
- Bank account statements of the last 6 months
- Proof of business (for self-employed applicants)
- Passport-sized photograph
- Property papers such as Sale Agreement, Allotment Letter, and Receipt of Payments.
This list of documents is indicative, and you may be required to submit others during your application.
Eligibility Criteria for a Home Loan in Coimbatore
Get a Home Loan from Bajaj Housing Finance on simple eligibility terms:
| Eligibility Criteria | For Salaried | For Self-employed |
|---|---|---|
| Nationality | Indians (including NRIs) | Indians (resident only) |
| Age | 21 to 75 years** | 23 to 70 years** |
| Work Experience/Business Continuity | 3 years or more | 3 years or more |
| Income | Employed with a stable source of income | Showcase stable income source from profession or business |
**The upper age limit is considered as age at the time of loan maturity. Additionally, the upper age limit for applicants is subject to change, depending on the property profile
How to Apply for a Housing Loan in Coimbatore
You can apply for a Home Loan with us in just a few simple steps. You can also check your EMIs in advance by using our Home Loan EMI Calculator. To apply for a Home Loan online:
- Visit our online application form or click on 'Apply Now' below.
- Then, choose your loan and employment type.
- Based on your employment type, fill in the specific details such as your salary amount or annual turnover and business vintage.
- Generate and enter OTP and proceed to the next page
- Enter the rest of the details and submit the form
On completing these basic steps, our representative will take you through the next steps to get the loan amount disbursed.
*Terms and conditions apply.
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