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 a tourist place known for its scenic beauty. Several infrastructural developments have improved connectivity and accessibility within Banswara and its surrounding areas.
Over the past few years, Banswara has seen a notable improvement in employment opportunities for its residents. This growth has been driven by various factors such as expanding industries and government initiatives that support economic activities. If you are planning to avail of a Home Loan in Banswara, opt for Bajaj Housing Finance to facilitate your purchase.
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. On transferring your Home Loan balance to us, you get a chance to avail of a Top-up Loan of Rs.1 Crore* or more. It can be used to fund your housing expenses.
No Part-Prepayment and Foreclosure Charges
Individual borrowers who have availed of a Home Loan on floating interest rates do not have to pay any additional charges in case they decide to part-prepay or foreclose their loan.
Flexible Tenor
Borrowers can repay their loan over a long repayment tenor of up to 32 years, ensuring manageable EMIs.
Minimal Documentation
Bajaj Housing Finance asks for minimal documentation during loan processing. This ensures speedy approval, quick disbursal, and a hassle-free loan process from start to finish.
Online Account Management
With our customer portal, all our features are now at your fingertips all the time. Access account details, make overdue and advance payments, and do 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 easy 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 3 years of vintage in the current enterprise |
| Age | 21 to 75 years** | 23 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 |
**The upper age limit is considered as 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 in Banswara: Documents Required
Planning to apply for a Home Loan in Banswara? Keep the following documents ready:
- Mandatory documents such as PAN Card or Form 60
- KYC documents: Passport, Aadhaar Card, Driving License, Ration Card, and Utility Bills
- Passport-size photographs
- Form 16 and/or the latest salary slips for salaried individuals
- ITR document and P&L statements (for self-employed individuals)
- Bank account statements for the previous 6 months
- Document for proof of business with a minimum of 5 years of 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.
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