Apply for Home Loan: Overview
Finding your dream house is an exciting journey filled with possibilities, even though it may seem financially daunting. Remember that with careful planning and determination, you can turn that dream into a reality.
Nowadays, Home Loans have become more accessible than ever. Financial institutions are offering competitive interest rates, flexible tenors of up to 40 years, and feasible EMIs to help you fulfil your dream without feeling the stress of debt repayment. It is quite easy to apply for a Home Loan as well. Many lenders offer a fully digital application process, allowing you to secure a loan instantly.
Step-by-Step Guide to Applying for a Housing Loan
Thorough research is necessary before you begin the actual application process, so you know the exact loan amount and the tenor you wish to avail of basis your convenience in terms of EMI.
Once you are done with the research, you can either apply offline or online. The steps for online application are mentioned below.
Online Application Method
- Fill up the Application Form – First, navigate to our Home Loan application form. Here, you will have to enter some basic details such as your name, mobile number, date of birth, and net monthly income, among others.
- Background Assessment – Once we receive your Home Loan application, we will review your application and one of our representatives will get in touch with you.
- Verification and Credit Check – The representative will walk you through the next steps in the process. They might ask for some property-related documents for further processing.
The remaining process is simple and straightforward; you need to submit the requested documents and coordinate with us for the verification.
Offline Application Method
Besides the online method, you can also apply for a Home Loan offline in two easy ways. You can give us a missed call on 020 6910 5935 and wait for our customer representative to call you back. From there onwards, you can meet the representative face-to-face and get a better understanding of all the terms and conditions. Alternatively, you can also visit the nearest Bajaj Housing Finance branch.
The Home Loan application process with Bajaj Housing Finance is designed to be simple, quick, and hassle-free, so you can instead focus on finalising your new property. Go ahead and apply today; not only does a Home Loan enable you to purchase your dream home, but it also provides Home Loan tax benefits under the old tax regime.
*Terms and conditions apply.
Frequently Asked Questions
To understand whether you qualify for a Home Loan or not, you should consider several parameters. Your income, age, employment history, and CIBIL score contribute to your eligibility among others. To learn more about our eligibility criteria and required documents, click here.
A low credit score decreases your Home Loan eligibility. Although it is possible to apply for a Home Loan with a low credit score, you may get offered a higher interest rate and more stringent terms and conditions.
Once you submit your Bajaj Housing Finance Application form and the required documents, you can expect a disbursal in 48 Hours* post verification and approval.
Yes, you can avail of a Home Loan for an under-construction property. The loan is usually disbursed in stages as the construction progresses. The stages at which the loan is disbursed are determined basis the completion of certain stages of the construction project.
It is easy to check your loan application – both online and offline. You can use your loan reference number to check the status of your loan application.
