Home Loan in Visakhapatnam: Overview
Visakhapatnam is one of the major industrial centres on the eastern coast and the commercial capital of Andhra Pradesh. With improved connectivity and smart city initiatives, Visakhapatnam is emerging as a prime residential and business destination, offering enhanced living standards and investment opportunities.
If you are planning to avail of a Home Loan in Visakhapatnam, Bajaj Housing Finance offers a Home Loan at an attractive interest rate starting at 7.99%* p.a. for a salaried applicant. Our quick loan processing and fast disbursal can make your homebuying experience smooth and hassle-free.
Features and Benefits of a Home Loan in Visakhapatnam
Competitive Interest Rates
Bajaj Housing Finance offers Home Loans in Visakhapatnam at interest rates starting as low as 7.99%* p.a. for salaried individuals. With EMIs starting as low as Rs.722/Lakh*, you can buy your dream home with ease.
Loan Amount of Rs.5 Crore*
Apply for a Bajaj Housing Finance Home Loan and secure funds worth Rs.5 Crore* or more, based on your eligibility.
Top-up Loan
Opt for a Home Loan Balance Transfer with Bajaj Housing Finance and avail of a Top-up Loan worth Rs.1 Crore* or more, based on your eligibility.
Long Repayment Tenure
Our flexible repayment tenure of up to 32 years ensures feasible EMIs and stress-free loan repayment.
Customised Repayment Plan
If you have taken a Home Loan for an under-construction property, you can start by paying only part of your EMIs with our customised repayment options.
Home Loan Balance Transfer
For better borrowing terms, you can transfer your existing Home Loan to Bajaj Housing Finance and benefit from our competitive interest rate starting at 8.10%* p.a. for a salaried applicant.
Online Tools for Better Decision Making
Use our online Home Loan EMI Calculator to figure out the right loan value, EMIs, and tenure for you. Further, use these calculators to plan your monthly budget to make sure that you manage your EMIs effectively.
Online Account Management
Access your account details, make payments, raise queries, and do a lot more at any time and from anywhere using our online customer portal.
Integrated Branch Network
You can walk into the Bajaj Housing Finance branch located near you and get all your issues resolved in person.
Eligibility Criteria for a Home Loan in Visakhapatnam
Our eligibility criteria for a Home Loan are simple and easy to meet for both salaried and self-employed professionals. Here they are:
- Salaried applicants must be Indian citizens (including NRIs) between 23 and 67 years** of age
- Salaried applicants must be able to show at least 3 years of work experience
- Self-employed applicants must be Indian citizens (residents only) between 23 and 70 years** of age
- Self-employed applicants must be able to show at least 3 years of business vintage
**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.
Documents Required for a Housing Loan in Visakhapatnam
If you are applying for a Home Loan in Vishakhapatnam with Bajaj Housing Finance, please keep these documents*** ready:
KYC documents such as Aadhaar Card, Passport, Ration Card, and Utility Bills
- Passport-size photographs
- Mandatory documents such as PAN Card or Form 60
- Form 16 and/or the latest salary slips for salaried individuals
- ITR document and Profit and Loss statements for self-employed individuals
- Bank account statements of the previous 6 months
- Document for proof of business with a minimum of 3 years’ vintage (for businessmen/self-employed individuals only)
***Note that this is only an indicative list. You may be asked for more documents at the time of loan processing. These requirements will be communicated to you by our team.
How to Apply for a Home Loan Online in Visakhapatnam?
- Navigate to our application form.
- Enter personal details, such as your name and number.
- Select your loan type and employment type.
- Enter your net monthly salary or income.
- Input your PIN code to check if your location is served.
- Enter the required loan amount.
- Generate OTP enter it.
- Enter details related to your property and finances.
- Submit the application form.
After successful submission, our team representatives will call you to explain the steps ahead.
You can also apply for a Home Loan in person by visiting any of our branches across India.
*Terms and conditions apply.
With Bajaj Housing Finance Home Loan, you can expect the loan amount to be disbursed within 48 Hours* post document verification.
Here is a list of documents you will have to submit to apply for a Home Loan in Visakhapatnam:
- 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 your primary account of your last 6 months as proof of income
This is a tentative list of documents.
Need a Home Loan in Visakhapatnam? Bajaj Housing Finance sanctions amounts of Rs.5 Crore* or more, based on your eligibility.
To be eligible for a Home Loan in Visakhapatnam:
- Salaried applicants: Age must be between 23 and 67 years**
- Self-employed applicants: Age must be between 23 and 70 years**
**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 access our housing loan eligibility calculator to estimate the loan amount you may qualify for based on a salary of Rs.50,000.
You can apply for a Home Loan in Visakhapatnam with us and enjoy a repayment tenure of up to 32 years.
