Key Features of Bajaj HFL Home Loan

• Competitive Interest Rates: Salaried applicants can benefit from interest rates starting as low as 8.50%* p.a., resulting in affordable EMIs.
• Flexible Loan Amounts: Eligible borrowers can avail of home loans up to ₹5 Crore* or higher, depending on eligibility, covering up to 75% to 90% of the property's value.
• Extended Repayment Tenure: Choose a repayment period of up to 32 years, allowing for manageable EMIs and effective financial planning.
• Quick Processing and Disbursal: Enjoy a hassle-free application process with potential disbursal within 48 hours* post-approval and document verification.
• Balance Transfer Facility: Transfer your existing home loan to BHFL to enjoy better terms and competitive interest rates, with the option of a top-up loan starting from ₹1 Crore* or more, based on eligibility.
• Minimal Documentation: Simplified documentation requirements streamline the application process, making it more convenient for borrowers.
• Special Schemes: BHFL offers tailored schemes like the Sambhav Home Loan, designed for the affordable housing segment and catering to micro-entrepreneurs and lower-income households, with minimal income requirements and flexible documentation.

• Age: Your age influences your repayment capacity. BHFL prefers applicants aged:
• Salaried: 21–75 years (at loan maturity)
• Self-Employed: 23–70 years (at loan maturity)
• Income Stability: A consistent income ensures you can manage monthly EMIs. Salaried individuals need a steady job, while self-employed professionals must demonstrate stable business income.
• Credit Score: A credit score of 750 or above increases your eligibility and can help secure competitive interest rates. Regular credit history checks ensure better loan approval chances.
• Loan-to-Value (LTV) Ratio: BHFL finances up to 90% of the property value, depending on your income and repayment ability. A higher down payment can improve approval chances.
• Existing Financial Obligations: Current EMIs and debts lower disposable income, reducing eligibility. Maintain a low debt-to-income ratio to improve your profile.
• Employment Type:
• Salaried: Applicants with at least 3 years in a stable job are preferred.
• Self-Employed: Consistent business profitability for 3+ years enhances credibility.
• Property Type: The property’s location, type, and market value significantly impact approval. Properties with clear titles and proper documentation are highly preferred.
• Co-Applicant’s Income: Adding a co-applicant, like a spouse, increases combined income and repayment capacity, improving your eligibility for a higher loan amount.
• Loan Tenure: Longer repayment periods reduce EMI amounts, boosting eligibility by making monthly payments more affordable.