Overview of a Housing Loan in Madurai
Madurai is an industrial hub, and it houses various chemical, automobile, rubber, and granite manufacturing industries within its boundaries. Renowned government institutes also offer professional degree courses in the city.
To help you own a home in this flourishing city, Bajaj Housing Finance offers a sizeable Home Loan in Madurai with a repayment tenor of up to 32 years.
Features and Benefits of a Home Loan in Madurai
Easy Balance Transfer
You can transfer your existing loan amount to Bajaj Housing Finance for better repayment terms. You can also further opt for a substantial Top-up Loan.
Quick Loan Calculators
Check your eligibility for a Home Loan using the eligibility calculator. You can also use the EMI Calculator to easily determine your tenor and monthly outgo.
Minimal Documentation and Speedy Process
Apply for a Home Loan by submitting your required details such as KYC and financial. We process your loan in 48 Hours* from documentation and approval.
No Prepayment and Foreclosure Charges
No extra charges are levied if you part-prepay or foreclose your Home Loan. Note: Valid only for individuals with a floating interest rate Home Loan.
Simple Eligibility Criteria
There are some basic eligibility criteria that you need to meet, such as age, income, and employment to avail of a Home Loan.
Top-up Loan
Get a substantial Top-up Loan with minimal documentation, at a favourable interest rate. You can use the funds to meet your other housing expenses.
Longer Repayment Tenor
Repay your Home Loan as per your financial capacity with a flexible tenor that goes up to 32 years.
Calculate Your Home Loan EMI
Repayment Schedule
List of Documents Required for a Home Loan in Madurai
Availing of a Home Loan from Bajaj Housing Finance is easy with minimal documentation requirements.
- KYC documents such as Aadhar Card, or Voter ID
- Mandatory documents such as PAN Card, or Form 60
- To establish a steady income flow, applicants will be required to submit their financials as requested, including bank statements and business documents
- Taxation and property documents are also mandatory
This list of documents is indicative, and you may be required to submit others during your application, if needed.
Eligibility Criteria for a Housing Loan in Madurai
Get a Home Loan by meeting our basic eligibility terms.
| Eligibility Criteria | For Salaried | For Self-Employed |
|---|---|---|
| Nationality | Indians (including NRIs) | Indians (residents) |
| Age | 21 to 75 years** | 23 to 70 years** |
| Income | Minimum of 3 years of experience and employed with a stable source of income | Stable income from the existing business of at least 3 years vintage |
**The upper age limit is considered as the age at the time of loan maturity. Additionally, the upper age limit for applicants is subject to change, depending on the property profile.
Steps to Apply for a Home Loan in Madurai Online
Our online loan process for applying for a Home Loan is hassle-free and entails the following simple steps. Before applying you may choose to use our Home Loan Eligibility Calculator to check your loan eligibility, followed by the EMI Calculator to determine a feasible loan amount and tenor.
- Fill out the online application form by entering your name, and mobile number
- Next, pick the loan type and provide employment, income, PIN code and loan amount details
- After entering the OTP, enter the financial details and 'Submit' the form
Once these steps are completed, our representative will contact you and guide you through the next steps.
*Terms and conditions apply
With a Home Loan from Bajaj Housing Finance, you can avail of a Home Loan in Madurai of Rs.5 Crore* or higher, subject to eligibility.
The documents*** required to apply for a Home Loan in Madurai are:
- KYC Documents: Proof of address and identity
- Mandatory Documents: PAN Card or Form 60
- Photographs: Recent passport-sized photos
- Income Proofs: Form 16 or recent salary slips (for salaried applicants) and Income Tax Returns (ITR) and Profit & Loss Statements for the past 2 years (for self-employed applicants)
- Bank Statements: Last 6 months' bank statements
- Business Proof (for self-employed individuals or businessmen): Document confirming at least 3 years of business operation
***This is an indicative list of documents.
To apply for a Home Loan in Madurai, salaried applicants should be within the age range of 21 to 75 years**. Self-employed applicants should be between 23 and 70 years** of age.
**The upper age limit is considered as the age at the time of loan maturity. Additionally, the upper age limit for applicants is subject to change, depending on the property profile.
You can estimate the loan amount you can be eligible for on a salary of Rs.50,000 by using our housing loan eligibility calculator.
You can avail of a Home Loan in Madurai with Bajaj Housing Finance and enjoy a long repayment tenor of up to 32 years.
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