Overview of a Housing Loan in Vijayawada
Vijayawada is Andhra Pradesh’s second-largest city. A key centre for business and trading, it is home to a thermal power plant and has a strategically important location on the banks of the river Krishna. It is also referred to as Vidyalawada owing to the large presence of some of the country’s best educational institutes.
With emerging opportunities for growth and robust infrastructure, Vijayawada is one of the most preferred cities to build your dream home. For aspiring homebuyers in Vijayawada, Bajaj Housing Finance provides attractive offers on its Home Loan at a competitive interest rate. Before you decide to avail it, here is what you need to know.
Features and Benefits of a Home Loan in Vijayawada
Online Account Management
You can stay up to date on the various aspects concerning your Home Loan with our online portal. It is available 24x7 and can be accessed as per your convenience.
Simple Documentation
Applying for a Home Loan in Vijayawada is hassle-free. All you need to do is submit a few basic documents related to your income and KYC.
User-Friendly Calculators
You can use Bajaj Housing Finance’s handy online Home Loan Eligibility Calculator to check your loan eligibility. You also have access to the Home Loan EMI Calculator, the Home Loan Prepayment Calculator, and the balance transfer calculator.
Easy Balance Transfer
If you’re looking to bring down your EMIs, you can transfer your existing Home Loan to Bajaj Housing Finance. Not only will you get a better interest rate but you will also have the option of availing a sizeable Top-up Loan.
Basic Eligibility Criteria
In order to qualify for the Bajaj Housing Finance Home Loan, all you need to do is meet the basic eligibility criteria in terms of age, years of work experience, and income stability.
Comfortable Repayment Tenor
You can choose to repay your loan over a flexible tenor of up to 32 years, which makes your EMIs easy to manage and facilitates better financial planning.
No Part-Prepayment Charges
Foreclose your Home Loan without having to pay extra charges. You can also opt for a part-prepayment facility without incurring any additional fee, allowing you to save more. (Note: Valid only for individuals with floating interest rates.)
Calculate Your Home Loan EMI
Repayment Schedule
Documents Required for a Home Loan in Vijayawada
You can apply for a Home Loan in Vijayawada with a minimum set of documents. You need to submit the following:
- KYC documents such as Aadhaar Card
- Mandatory documents such as PAN Card or Form 60
- For salaried applicants, last 3 months’ salary slips need to be submitted
- For self-employed applicants, bank account statements of the last 6 months need to be submitted
- Proof of business
- Property-related papers
Note: This list is indicative. Additional documents may be needed during loan processing.
Eligibility Criteria for a Home Loan in Vijayawada
The Bajaj Housing Finance Home Loan eligibility criteria are as follows:
| Eligibility Criteria | For Salaried | For Self-Employed |
|---|---|---|
| Nationality | Indians (including NRIs) | Indians (residents) |
| Age | 21 to 75 years** | 23 to 70 years** |
| Experience | 3 years or more | 3 years or more in the current enterprise |
| Income | A stable source of income from a public, private, or a multinational organisation | A stable revenue from the existing enterprise |
**The maximum age 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.
*Terms and conditions apply.
If you are looking for a Home Loan in Vijayawada with quick disbursal, Bajaj Housing Finance offers disbursal within 48 Hours* post document verification and approval.
You will be required to submit the following documents*** to apply for a Home Loan in Vijayawada:
- KYC Documents: Aadhaar Card, Voter's ID, and Utility Bills.
- Mandatory Documents: PAN Card or Form
- Proof of Income: Latest salary slips for salaried applicants and P&L statements for self-employed applicants
- Business Proof: Documents showing the business vintage of 3 years (for self-employed applicants only)
- Account Statements: Statements of account of your last 6 months as proof of income
***This is a tentative list of documents.
Apply for a Home Loan in Vijayawada with Bajaj Housing Finance and avail of a loan amount of Rs.5 Crore* or higher, based on your eligibility.
To apply for a housing loan in Vijayawada, salaried applicants should be between 21 and 75 years** of age and self-employed applicants should fall within the age range of 23 to 70 years**.
**The upper age limit is considered as age at the time of loan maturity. Additionally, the upper age limit is subject to change, depending on the property profile.
To know the loan amount you can borrow on a monthly income of Rs.40,000, you can use our Home Loan Eligibility Calculator.
With a loan repayment tenor extending up to 32 years, you can repay your Home Loan in Vijayawada comfortably.
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