Home Loan in Aurangabad: Overview
Aurangabad, Maharashtra, has a population of over one million people. This city is surrounded by historical monuments such as the Ajanta and Ellora Caves, both of which are designated as UNESCO World Heritage Sites. Aurangabad is also emerging as an IT hub and a significant player in the manufacturing sector.
The demand for real estate is increasing, and Aurangabad residents are looking to purchase their dream home. Bajaj Housing Finance allows you to buy your dream home at an affordable interest rate and a long-term repayment schedule.
Home Loan Features
Competitive Interest Rates
Salaried and self-employed professionals can take a Home Loan starting at an attractive interest rate of 8.45%* p. a. You can benefit from a Home Loan EMI as low as Rs.729/Lakh*.
Long-Term Repayment
With Bajaj Housing Finance you can opt for a long-term repayment tenor that can last up to 40 years and can help you repay your Home Loan comfortably.
Home Loan Balance Transfer
Borrowers who already have a Home Loan with another bank or NBFC can use the Home Loan Transfer feature to transfer their Home Loan to Bajaj Housing Finance and benefit from competitive interest rates starting at 8.60%* p.a. for salaried and professional applicants.
Higher Sanction Amount
You can be confident that you will receive the Home Loan sanction you require with Bajaj Housing Finance. Get a substantial Home Loan of Rs. Rs.5 Crore* or more, depending on your loan eligibility.
Quick Disbursal
You can expect a quick disbursement within 48 Hours* after receiving approval and submitting the necessary documents.
Zero Prepayment or Foreclosure Charges
Borrowers who have opted a floating interest rate can make partial or full prepayments towards their Home Loan at no additional cost.
Home Loan Interest Rate in Aurangabad
The interest rate on a Home Loan varies depending on whether the borrower is salaried or self-employed, and Bajaj Housing Finance offers Home Loans starting at an affordable interest rate of 8.45%* p. a. for salaried and professional applicants. To obtain a Home Loan, you must meet the minimum eligibility criteria and have a good credit rating.
List of Documents Required for Home Loan
Bajaj Housing Finance requires you to submit a prescribed set of documents at the time of applying for a Home Loan.
Identification Documents
KYC Documents such as Aadhaar Card, PAN Card, Passport, Voter ID, Driving License, and Ration Card, basically any document that ascertains your identity and address.
Address Proof Documents
Residential proof documents such as Property Tax Receipts, Ration Card, and Bank Passbook.
Qualification Proof Documents
Qualification proof such as graduation certificates, diploma certificate, etc.
Financial Proof Documents
Bank account statements for the past 6 months, Income Tax Returns, Profit and Loss Statements, and Balance Sheets.
Property Documents
Allotment letter, Title deed etc.
Housing Loan Eligibility in Aurangabad
It is important to check your Home Loan eligibility before applying to maximize your chances of getting approved at an affordable rate of interest. Your Home Loan eligibility varies based on your employment type.
Salaried Applicants
- The applicant must be an Indian resident.
- The applicant must have at least three years of work experience in an MNC, a public or private sector company, or both.
- Applicants must be between the ages of 23 and 75 years**.
- Applicant must reside in the city Bajaj Housing Finance operates in.
Self-Employed Applicants
- The applicant must be an Indian resident.
- The applicant must be able to generate a consistent source of income from a business that is at least 5 years old.
- Applicants must be between the ages of 25 and 70 years**.
- Applicant must reside in the city Bajaj Housing Finance operates in.
Steps to Apply for Housing Loan
Applying for a Housing Loan in Aurangabad with Bajaj Housing Finance is a simple process that can be completed quickly in a hassle-free manner. Here is how you can apply:
Step 1: Visit the website for the Application Form.
Step 2: Provide the required details such as:
- Full Name
- Mobile Number
- Employment Type such as Salaried Applicant, Self-Employed Applicant, or Self-Employed Professional
- Loan Type
- Net Monthly Income
- PIN Code
- Required Loan Amount
Step 3: Generate OTP and Submit the Application Form
Following the submission of the application form, a customer representative from Bajaj Housing Finance will contact you within 24 hours* to walk you through the next steps. Alternatively, you can go to a Bajaj Housing Finance branch office and apply for a Home Loan in person.
