Home Loan in Nagpur: Overview

The “Orange City”, Nagpur is the third largest city in Maharashtra and a rapidly-growing metro that is home to manufacturing industries, power stations, and the much-celebrated project, MIHAN. The city also prides itself in being among the cleanest and greenest cities in India. With top educational institutes, ample job opportunities and amenities that support a modern lifestyle, Nagpur is set to see an influx of homebuyers. The CREDAI in fact predicted that Nagpur would be among 45 potential cities that would drive the demand for affordable housing. To assist prospective homebuyers, Bajaj Housing Finance offers a sizeable home loans in Nagpur starting at an interest rate of 7.20%* for salaried and professional applicants.

Home Loan in Nagpur: Features and Benefits

  • Minimal documentation: To apply for a home loan in Nagpur with Bajaj Housing Finance, you only need to meet a few eligibility terms and provide basic financial and KYC documents.
  • Flexible repayment: You can repay your home loan over a tenor of up to 30 years and thus tailor your EMIs to your current income.
  • Affordable prepayment: The absence of extra charges on full or partial prepayment of home loans taken by individual borrowers makes for ample savings through the tenor.
  • Easy loan balance transfer: Bring down your EMIs by switching lenders and refinancing your existing home loan with Bajaj Housing Finance. Apart from a better interest rate, get a large top-up loan for your additional expenses.
  • Ample top-up loan financing: With a home loan in Nagpur, you can avail an additional high-value top-up loan at an economical rate of interest. You can use the top-up loan for any expense.
  • PMAY CLSS savings: As an eligible, first-time homeowner you can obtain for an interest subsidy of up to Rs.2.67 lakh on your home loan in Nagpur under the CLSS component of Pradhan Mantri Awas Yojana.
  • Swift loan processing: With an online application form you can have your home loan in Nagpur approved speedily. In fact, you can get a digital sanction letter within a few minutes with our Online Home Loan.
  • Property guidance: Bajaj Housing Finance offers in-person assistance to help you choose the right property. Further, the property dossier prepares you to become a homeowner by explaining important financial and legal details.
  • Digital home loan accoun: Be in total control of your home loan with the online customer portal. Access it anytime, anywhere and view your repayment schedule, check your interest certificate, and more.
  • Online loan calculators: With a suite of powerful calculators, you can better manage your home loan in Nagpur. While the EMI calculator helps you pick a loan amount and tenor, the Home Loan Eligibility Calculator tells you how much financing you can qualify for. Use the balance transfer calculator and the Home Loan Prepayment Calculator for additional insights.

Documents Required for Home Loan in Nagpur

To secure approval on your home loan in Nagpur you need to produce a basic set of documents*:

  • 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 Nagpur

Qualifying for a home loan in Nagpur is easy as Bajaj Housing Finance lists simple eligibility terms.

They are:

Eligibility Criteria For Salaried For Self-employed
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 Nagpur

With a straightforward online application form, you can conveniently apply for a home loan in Nagpur through a few steps:

  • Settle on the appropriate loan amount by sing the eligibility calculator. To select the best tenor, use Home Loan EMI Calculator.
  • Fill out the online application form by selecting the type of loan you need and entering important details pertaining to your personal information, finances, and employment or business data.

After completing these quick steps, await contact from a relationship manager, who will take you through the future steps needed to initiate disbursal.