Home Loan in Lucknow: Overview

Lucknow, the capital of Uttar Pradesh, is a culturally and historically rich city, and one of the fastest growing in India. The city has established itself as an educational centre, with various institutions and research organisations such as IIM-L and RMNLU. Several big brands have their national and state level headquarters in Lucknow, including Sony Corporation and Reliance Retail. The city is known for its job-creating potential and has witnessed considerable development. One example is the Lucknow Metro – which is considered to be most economical, high-speed rapid transit system project in the country.

Lucknow is ranked among the ‘happiest cities’ in India and to help prospective homeowners realise their housing dreams here, Bajaj Housing Finance offers home loans in Lucknow at an interest rate starting at just 7.20%* for salaried and professional employees.

  • Simple documentation and fast processing

    You can get your home loan in Lucknow approved by providing a basic set of KYC and financial documents. Thanks to the online application and loan processing protocols, you get a digital sanction letter within 10 minutes of application.

  • Refinance affordably

    You can transfer your existing home loan to Bajaj Housing Finance to enjoy cost-effective terms including an attractive home loan interest rate You also have the option of taking a top-up loan when you avail the balance transfer facility.

  • Online loan account

    Get 24/7 access to details such as repayment schedule and interest certificate and manage your home loan in Lucknow on the go.

  • PMAY subsidy

    As an empanelled home loan company in Lucknow, eligible first-time home buyers can avail a PMAY interest subsidy of up to Rs. 2.67 lakh from Bajaj Housing Finance.

  • Long repayment schedule

    Repay your home loan in Lucknow over a tenor of up to 30 years to keep your EMIs budget friendly.

  • No early payment penalties

    You can foreclose or part-prepay your home loan, as an individual borrower on a floating rate, without worrying about incurring any charges.

  • Funds for additional expenses

    Avail a high-value top-up loan over and above your existing loan amount at a nominal rate of interest. There are no spending restrictions on the top-up loan amount.

  • Property advisory services

    Receive a property dossier containing the necessary financial and legal information about being a homeowner in Lucknow. To pick the right property, you can avail in-person guidance.

  • Quick online calculators

    The eligibility calculator helps you to check your eligibility for a home loan in Lucknow and gauge the loan amount you may qualify for. You can use The Home Loan EMI Calculator to decide on a favourable tenor.

  • Basic eligibility criteria

    Availing a home loan in Lucknow is made easy, courtesy of lenient eligibility terms. A good financial background will boost your chances of securing ample funds without hassles.

Documents Required for Home Loan in Lucknow

Availing a home loan from Bajaj Housing Finance is a quick process, 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 Lucknow

The eligibility terms listed for a home loan in Lucknow are not difficult. 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 Lucknow

You can apply for a home loan in Lucknow online by following these simple steps.

Step 1: Firstly, check your eligibility using the Home Loan Eligibility Calculator Further, use the EMI calculator to fix your EMI, loan amount, and tenor.

Step 2: Fill in the online application form with details concerning your finances, employment or business, and personal profile. Also, choose the type of loan required.

Once this is done, an executive will get in touch with you and guide you with the next steps.