Overview
Owning a home is more than just a milestone — it is about creating a space for dreams and memories to flourish. Sambhav Home Loans by Bajaj Housing Finance embodies the vision of 'Karein Har Ghar Mumkin', aiming to make homeownership accessible for everyone.
Designed for the affordable Home Loan segment, Sambhav Home Loans are tailored to provide housing finance solutions for the unorganised sector, including micro-entrepreneurs, economically weaker groups, and lower income households. It caters to the needs of underprivileged and underserved segments in urban and semi-urban areas of India.
Prospective borrowers from a range of employment types can avail of finance under Sambhav Home Loans – be they salaried or self-employed individuals. The minimum income to apply for a Sambhav Home Loan starts as low as Rs.10,000* per month for salaried individuals.
Features and Benefits of Sambhav Home Loan
With Sambhav Home Loans, you stand to benefit from the following features:
Easy Loan Eligibility
Borrowers can avail of a Sambhav Home Loan with or without sharing any income proof. They can avail of a Home Loan of Rs.10 Lakh* or more, basis eligibility.
Repayment Tenor of up to 20 Years
Our repayment tenor of up to 20 years ensures that you are able to repay your Home Loan comfortably.
Hassle-Free Application
With our truly digital initiative, you can now apply for a Home Loan online in just a few steps.
Integrated Branch Network
You can also visit our nearest branch and apply for a Home Loan offline. Our extensive network of branches across numerous locations ensures convenience and accessibility.
Sambhav Home Loan Interest Rates
Borrowers who wish to apply for Sambhav Home Loans can avail of a Home Loan with us at favourable interest rates.
Documents Required for Sambhav Home Loan
Sambhav Home Loans are available for informal and underserved segments, with or without income proof, which means you may not have to submit an ITR document to avail of a Sambhav Home Loan. The list of documents*** required for Sambhav Home Loans include:
Salaried Applicants
- Mandatory Documents: PAN Card or Form 60 (Borrowers who do not have a PAN Card can submit Form 60.)
- KYC Documents: Recent photograph, Voter’s ID, Valid Current Address Proof, Proof of possession of Aadhaar, valid Driving License
- Property-Related Documents: Title deed, Allotment letter, and Property tax receipts
Self-Employed Applicants
- Mandatory Documents: PAN Card or Form 60 (Borrowers who do not have a PAN Card can submit Form 60.)
- KYC Documents: Recent photograph, Voter’s ID, Valid Current Address Proof, Proof of possession of Aadhaar, valid Driving License address, business vintage proof
- Property-Related Documents: Title Deed, Allotment Letter, and Property Tax receipts
***This list of documents is indicative. Additional documents may be requested at the time of loan processing.
Eligibility Criteria for Sambhav Home Loan
The eligibility criteria for Sambhav Home Loans include:
Salaried Applicants
- Applicants should be residing Indian citizens
- Applicants should be between 25 to 60 years** of age
Self-Employed Applicants
- Applicants should be residing Indian citizens
- Applicants should be between 30 to 70 years** of age
**The upper age limit is considered as the age at the time of loan maturity. Additionally, the upper age limit is subject to change, depending on the property profile.
How to Apply for Sambhav Home Loan Online
Applying for Home Loans has become easier than ever with the advent of online application forms. Bajaj Housing Finance makes this process even simpler wherein you can apply for a Home Loan in just a few steps. Follow these steps to apply for a Home Loan:
- Navigate to the housing loan application form on our official website. You can also click ‘Apply Now’ to apply for the Home Loan.
- On the application form window, enter your personal details such as your name, and mobile number, and select the type of employment.
- Select the loan type you wish to avail of. Then, enter your net monthly income. Note: Click the info icon to learn more about the monthly income you need to enter.
- Enter the PIN code and the required loan amount.
- Click ‘Generate OTP’ and enter the received OTP in the respective field. After entering the OTP, click ‘Proceed'.
- Populate all the financial details as requested and complete the form. Note: The fields that you need to fill may vary basis your employment type.
- Click ‘Submit’ to submit the application form.
Once we receive your housing loan application, our representative will get in touch with you within 24 hours* to walk you through the next steps.
Alternatively, you can also visit our nearest branch to apply for a Home Loan offline.
*Terms and conditions apply
