Home Loan in Indore: Overview

Indore, the industrial hub of the central state of Madhya Pradesh, has established itself as one of the cleanest cities in the country. It is also recognised as Madhya Pradesh’s financial capital and is home to prestigious institutions like IIT-Indore and IIM-Indore. As it is a centre of education and commerce, there is growing demand in the Indore real estate market. Moreover, the city was among the first 100 to be selected for the Smart City Mission. To help prospective homeowners buy a house in this city affordably, Bajaj Housing Finance offers a home loan at an interest rate starting at just 7.20%* for salaried and professional applicants.

  • Simple documentation and quick processing

    Get your home loan in Indore approved with basic KYC and financial documents. With an online application and a digital sanction letter, available within 10 minutes application, you can receive funding expeditiously.

  • Refinance your existing loan

    You can transfer your outstanding home loan balance to Bajaj Housing Finance to benefit from more cost-effective terms. While doing so, you can also get a top-up loan bearing nominal rate of interest.

  • Digital access to loan account

    Avail details of your home loan in Indore, such as your interest certificate and repayment schedule anytime, anywhere through an online platform.

  • Lenient eligibility criteria

    Obtain a home loan in Indore quickly, courtesy of easy home loan eligibility terms . Maintain a good financial track record to access hassle-free finance.

  • PMAY subsidy

    First-time home buyers can avail a PMAY CLSS interest subsidy of up to Rs. 2.67 lakh on their home loan in Indore..

  • Easy prepayments

    Bajaj Housing Finance does not charge any penalty on partial or full prepayments made on a home loan in Indore for an individual borrower on a floating rate.

  • Flexible repayment

    With tenors that go up to 30 years, you can keep your EMIs affordable and align them to your income.

  • Top-up for additional expenses

    Avail a high-value top-up loan at a nominal interest rate on your home loan in Indore. Use it for any need, housing or non-housing.

  • In-depth property guidance

    As a homebuyer you are provided with a property dossier that explains the financial and legal aspects of purchasing a home in Indore. You also get in-person assistance to find the perfect home.

  • Online loan calculators

    With the Home Loan EMI Calculator you can forecast your monthly and total outgo within moments. The eligibility calculator helps you determine your eligibility for a home loan in Indore and know how much finance you can avail.

Documents Required for Home Loan in Indore

Availing a home loan from Bajaj Housing Finance is easy, given that you only need to provide basic documentation* such as:

  • KYC documents (including ID and address proof)
  • 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
  • Passport-sized photograph
  • Property papers such as sale agreement, allotment letter, receipt of payments made to the agent or developer, etc.

*This list of documents is indicative and you may be requirement to submit others during your application, if needed.

Eligibility Criteria for Home Loan in Indore

The eligibility criteria listed for a home loan in Indore are simple. They offer self-employed and salaried individuals easy access to finance.

Eligibility Criteria For Salaried For Self-employed
Nationality Resident Indian Nationality Resident Indian Resident Indian
Age 23 to 62 years 25 to 70 years
Work experience/business continuity 3 years or more 5 years or more
Income Employed with a stable source of income Showcase stable revenue from profession or business

How to Apply for the Bajaj Housing Finance Home Loan in Indore

Follow these steps to apply for a home loan in Indore online.

Step 1: Check your eligibility by using the Home Loan Eligibility Calculator And use the EMI calculator to arrive at the ideal EMI, loan amount, and tenor.

Step 2: Fill out the online application form with financial, employment, business, and property details.

Step 3: Upload the documents required and make the online payment.

Once you complete these steps, a relationship manager will reach out to you and help you have the funds disbursed to your bank account without delay