Home Loan in Surendranagar: Overview
Surendranagar, in Gujarat, is well-known for its educational infrastructure and known for being a cotton and ginning hub in India. The city has become a popular real estate market due to the large number of job opportunities. If you are looking to avail of a Home Loan in Surendranagar, Bajaj Housing Finance offers financial assistance to borrowers looking to buy their dream home at a lower interest rate, among other benefits.
Home Loan in Surendranagar: Features and Benefits
Competitive Interest Rate
Bajaj Housing Finance provides Home Loans to salaried individuals at a competitive interest rate of 8.50%* p.a.
Zero Part-Prepayment and Foreclosure Charges
Individual borrowers with a Home Loan at a floating interest rate can make partial payments or foreclose on the entire loan amount without incurring any additional fees.
Long Repayment Tenor
With Bajaj Housing Finance, you can choose a long repayment term of up to 40 years, allowing you to plan your finances accordingly and comfortably repay the loan amount.
Sizeable Sanction Amount
Homebuyers applying for a Home Loan can receive Rs. 5 Crores* or more depending on their eligibility.
Home Loan Balance Transfer
If you already have a housing loan, you can use Bajaj Housing Finance Home Loan Balance Transfer service to transfer your loan and maximise your savings.
Home Loan in Surendranagar: Interest Rate, Fees and Charges
Salaried, professional, and self-employed individuals can all benefit from Bajaj Housing Finance's attractive interest rates. The interest rate for a salaried applicant is 8.50%*p.a., 8.60%* p.a. for professional borrowers, and 9.10%* p.a. for self-employed borrowers.
You can check the current home loan interest rates applicable on Bajaj Housing Finance Home Loans on our website.
Home Loan in Surendranagar: Documents Required for Home Loan
When applying for a Home Loan with Bajaj Housing Finance, you are not required to submit a long list of documents. Only a few supporting documents are required, making the entire process simple to understand. The documents you must submit vary depending on the type of employment.
Salaried Applicant
- Mandatory documents (PAN card or Form 60)
- KYC Documents such as an Aadhaar card, Passport, driving license, and voter ID card
- Income proof documents such as salary slips for the past 3 months, employment letter, and company ID card
- Financial Documents such as banking statements for the past 6 months, and Income Tax Returns
- Documents related to the property such as Allotment Letter, Sale Deed, and Property Tax Receipts
Self-Employed Applicant
- Mandatory documents (PAN card or Form 60)
- KYC Documents such as an Aadhaar card, Passport, driving license, and voter ID card
- Proof of Business such as such as incorporation certificate, GST certificate, and memorandum of association
- Financial Documents such as company banking statements for the past 6 months, income tax returns, balance sheet, and profit and loss statements (attested by a CA)
- Documents related to the property such as Allotment Letter, Sale Deed, and Property Tax Receipt
Note: This list is indicative. Additional documents may be required at the time of loan processing.
Home Loan in Surendranagar: Loan Eligibility
Bajaj Housing Finance has a set of criteria that a borrower must meet when applying for a Home Loan. Meeting these eligibility requirements will increase your chances of approval. The eligibility criteria differ depending on the type of employment.
| Salaried Individuals | Self-Employed Individuals |
|---|---|
| The applicant must be employed with a stable source of salaried income from a public or a private company or a multinational with a minimum 3 years of work experience | The applicant must be self-employed with a business continuity of over 5 years in the current enterprise |
| He/she must be between 23 and 75 years** of age | He/she must be between 25 and 70 years** of age |
| He/she must be an Indian citizen (including NRIs) | He/she must be an Indian citizen (resident only) |
**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.
*Terms and conditions apply
