Home Loan in Ahmedabad - Overview

Ahmedabad has become a key economic and industrial hub over the past two decades, with sizeable investments in infrastructure and housing. The Golden Quadrilateral, GIFT City, and mushrooming of new airports have been instrumental in its prominence. Courtesy of these, property prices in regions like Ranip and Shantigram witnessed an uptick by 11.84% and 10.31%, respectively, in recent times.

As of April 2021, Ahmedabad features roughly about 1700 properties in the Rs.43 lakh – Rs.52 lakh price bracket, 1200 in Rs.52 lakh – Rs.62 lakh range, and in the Rs.90 lakh – Rs.99 lakh category, near about 1100 projects.

To invest in any of these, obtain a home loan in Ahmedabad with various ancillary benefits from Bajaj Housing Finance Limited and leverage this upsurge in real estate prices.

Home Loan - Features & Benefits

Some of the key benefits of a home loan by BHFL are as follow –

  • Interest Subsidy Under PMAY

    First-time homebuyers can enjoy a subsidy of up to 6.5% on home loan interest rates in Ahmedabad under the Pradhan Mantri Awas Yojana scheme. Meet a few simple eligibility criteria to qualify for PMAY subsidy and reap savings of up to Rs.2.67 lakh.

  • Flexible Repayment Tenor

    Obtain a high value loan from Bajaj Housing Finance Limited by meeting simple eligibility parameters. Repay the sum in easy-to-manage EMIs with tenor ranging up to 30 years or 360 months. Select any term per your income and present & future obligations.

  • Assistance With Property Search

    Buying a new property in a bustling city like Ahmedabad can be overwhelming. Avail expert, in-person assistance in selecting a property to meet your needs and budget. Purchasing and legal formalities will also be seen after.

  • Simple Balance Transfer Facility

    Benefit from affordable interest rates and associated perks like a high-value top-up loan by transferring your current home loan to BHFL. Transfer your loan sans hassles with easy-to-meet eligibility criteria and nominal documentation.

  • Top-up Loan Up to Rs.50 lakh

    Enjoy a top-up loan of up to Rs.50 lakh at attractive interest rates when you transfer home loan to Bajaj Housing Finance Limited. The credit involves zero end-use restriction. Use the funds to address various expenses like refurbishing a property, expanding the premises, and even for medical purposes.

  • Multiple Repayment Options

    Part prepay or foreclose your home loan sans extra charges with Bajaj Housing Finance Limited. Utilise a windfall or extra savings to avail these facilities and minimise the repayment burden sizeably.

  • Nominal Documentation

    Acquire a housing loan in Ahmedabad from BHFL against minimal documentation. Enjoy doorstep pick-up for expedited processing and disbursal.

  • Online facilities

    Use convenient online eligibility and home loan EMI calculator to make an informed borrowing choice. Post loan approval and disbursal, manage all account-related transactions via the online BHFL portal.

Home Loan in Ahmedabad – Eligibility Parameters and Documents Required

The eligibility criteria and necessary documents vary profile-wise for salaried or self-employed.

For Salaried Employee

Salaried applicants need to qualify the following criteria for a home loan in Ahmedabad:

  • Should be a resident Indian
  • Must be employed in a private company, public sector, or a multinational organisation.
  • Should be aged between 23 and 62 years
  • Must possess more than three years of work experience

They need to submit the following documents to legitimise their credentials:

  • OVDs for KYC
  • Latest salary slips or Form 16
  • Passport-sized photo
  • Past six months’ account statements

*The eligibility criteria and documents are indicative.

For Self-Employed

Self-employed individuals should fulfil the below-mentioned criteria to be eligible for a home loan:

  • Must be a resident Indian
  • Should be running the present enterprise for more than five years
  • Must be aged between 25 and 70 year

Applicants need to submit the below-mentioned documents to apply:

  • OVDs for KYC
  • P/L Statements and ITR documents
  • Business vintage proof
  • Passport-sized photos
  • Previous six months’ account statements

*These two lists are not definitive.