Home Loan in Banswara: Overview
Banswara, also popularly known as the 'Cherrapunji of Rajasthan' or the 'City of Hundred Islands', is a small town located in the state of Rajasthan. Banswara is not only known for its scenic beauty but is also one of the only towns in Rajasthan that receives ample rain throughout the year.
Over the last few years, residents have secured better employment opportunities in the city, which in turn has led to a higher standard of living and a better quality of property construction. Planning to take a Home Loan in Banswara? Opt for a Bajaj Housing Finance home loan. Here's why.
Home Loan in Banswara: Features and Benefits
Easy Balance Transfer Facility and Top-up Loan
Opt for a Home Loan Balance Transfer with us and enjoy low-interest rates as well as a Top-up Loan of up to Rs.1 Crore* or more. Your Top-Up Loan comes with zero end-use restrictions, you can use the money as you please.
No Part-Prepayment and Foreclosure Charges
Individuals who have availed of a loan on floating interest rates do not have to pay any additional charges in case they decide to part pre-pay or foreclose their loan.
Flexible Tenor
Borrowers can opt to repay their loan over a period extending up to 30 years. Opting for a long tenor ensures affordability in the loan run.
Minimal Documentation
Bajaj Housing Finance asks for minimal documentation during loan processing. This ensures speedy approval, quick disbursal, and an altogether straightforward loan process from the beginning till the end.
Online Account Management
With our customer portal, all our features are now at your fingertips all the time. Access account details, make payments, and do so much anywhere and from anywhere through our customer portal.
Home Loan in Banswara: Eligibility Criteria
Our eligibility criteria for a home loan in Banswara are straightforward to meet for both salaried and self-employed applicants.
| Eligibility Parameters | Salaried | Self-Employed |
|---|---|---|
| Nationality | Indian (including NRIs) | Indian (resident only) |
| Employment | Minimum 3 years of work experience in a public or private sector company, or an MNC | Minimum 5 years of vintage in the current enterprise |
| Age | 23 to 62 years** | 25 to 70 years** |
| Place of Residence | Must reside in one of the cities we operate in | Must reside in one of the cities we operate in |
**Maximum age considered at the time of loan maturity.
Home Loan in Banswara: Documents Required
Planning to apply for a Home Loan in Banswara? Keep the following documents ready:
- KYC documents: these include address and identity proof documents, such as Passport, Aadhar and PAN cards, driving license, ration card, utility bills, etc.
- Passport-size photographs
- Form 16 and/or the latest salary slips for salaried individuals
- TR document and P&L statements (for self-employed individuals)
- Bank account statements for the previous 6 months
- Document for proof of business with minimum 5 years’ vintage in the case of businessmen/self-employed individuals
Please note that this is only an indicative list. Our representatives may need more documents at the time of loan processing. These requirements will be communicated to you.
*Terms and conditions apply.
