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Home Loan Overview Badami_WC

Home Loan in Badami: Overview

Badami, formerly known as Vatapi, is a city in the Bagalok district of Karnataka and is famous for its Badami Cave Temples, which attract tourists from all over the country and have been declared as a part of the UNESCO World Heritage Site. Badami is also known for its rapidly growing economy, which provides numerous job opportunities.

Bajaj Housing Finance has a widespread presence in Karnataka and offers lucrative Home Loan options to applicants looking to build or purchase their dream home in Badami.

Home Loan Benefits Badami_WC

Home Loan in Badami: Features and Benefits

Competitive Interest Rate

We offer competitive interest rates to salaried applicants, starting at 8.50%* p.a.

Long Term Repayment

We provide long-term repayment plans that can help make your EMIs more affordable. You may choose a long-term EMI of up to 40 years.

Sizeable Sanction

With Bajaj Housing Finance's substantial sanctions, you won't have to worry about your sanction when purchasing your dream home. If you meet the housing loan eligibility criteria, you can receive up to Rs.5 Crore* or more, based on eligibility.

Link to External Benchmarks

We give you the option of linking your Home Loan to an external benchmark such as the Repo Rate, allowing you to benefit from favorable market conditions.

Home Loan Balance Transfer

If you have an existing Home Loan, you can choose to transfer you outstanding loan balance to Bajaj Housing Finance and maximise your savings, supplemented by the reasonable interest rates offered by us.

Quick Disbursal

Once you have submitted all the required documentation and your Home Loan application has been approved, you can expect a quick disbursement within 48 hours*, following successful verification.

Home Loan Interest Rate, Fees and Charges Badami_WC

Home Loan in Badami: Interest Rate, Fees, and Charges

We provide competitive interest rates for Home Loans that start as low as 8.50%* p.a. (for salaried individuals). However, our rates are just as attractive for other employment types as well:

Here are some key points to remember about the Home Loan interest rate, fees, and charges:

  • The interest rate for a salaried applicant begins at 8.50%* p.a.
  • The interest rate for a self-employed applicant begins at 9.10%* p.a.
  • Applicants will be charged a processing fee of up to 7% of the loan amount + GST as applicable.

Home Loan Documents Required Badami_WC

Home Loan in Badami: Documents Required

Bajaj Housing Finance requires only a few supporting documents, increasing your chances of getting approved significantly.

  • Mandatory documents such as PAN card or Form 60
  • KYC documents such as Aadhaar Card, Passport, Driving License, and Voter ID Card
  • Income proof such as salary slips for the past 3 months (for salaried applicants)
  • Proof of business such as Incorporation Certificate, Memorandum of Association, and Company profile (for self-employed applicants)
  • Financial documents such as banking statements for the past 6 months, and Income Tax Returns
  • Property documents such as Allotment letter, Title Deed, and Property Tax Receipt.

Applicants should note that this list is only indicative. You may be required to provide additional documentation, basis your profile.

Home Loan Eligibility in Badami_WC

Home Loan in Badami: Eligibility Criteria

When applying for a Home Loan, a borrower must meet the minimum eligibility criteria.

Salaried Applicant

  • The applicant should be Indian (including NRIs)
  • The applicant should be between the ages of 23 and 75 years**
  • The applicant should have at least 3 years of work experience in an MNC, a public or private sector company

Self-Employed Applicant

  • The applicant should be Indian (resident only)
  • The applicant should be between the ages of 25 and 70 years**
  • The applicant should have at least 5 years of experience in the current business

**The upper age limit is considered as the age at the time of loan maturity. Additionally, the upper age limit for applicants is subject to change, depending on the property profile.

Home Loan Application Process Badami_WC

Home Loan in Badami: Application Process

Before applying for a housing loan, it is critical that you conduct thorough market research to better understand the lending terms you will be receiving and to get an approximate idea of your loan feasibility such as loan amount you can afford to borrow, monthly instalments, tenor period, and interest rate you can afford to repay at.

After you have conducted your research, here's how you can apply for a Home Loan:

  1. 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.
  2. On the Application Form window, enter the personal details such as your name, mobile number, and select the type of employment.
  3. 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.
  4. Enter the PIN code and the required loan amount.
  5. Click ‘Generate OTP’ and enter the received OTP in the respective field.
  6. Populate the fields as requested. Note: The fields that you need to fill may vary basis your employment type.

After submitting the application form, a customer representative from Bajaj Housing Finance will contact you within 24 hours* to walk you through the next processes, which include documentation and verification.

*Terms and conditions apply.

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