Details of a Home Loan in Bhopal
Over the past few years, Bhopal has emerged as a top choice amongst real estate investors. Its geographical features are an asset to the city - Bhopal is well-connected with the rest of India. Bhopal is also home to many big and small-scale businesses. Thus, the city presents several employment opportunities. There has been commendable development and overall, Bhopal has emerged as a preferred choice amongst Indians.
If you are looking for a Home Loan in Bhopal, avail of a Home Loan with us and benefit from a long repayment tenor, substantial loan amount, and quick disbursal.
Features and Benefits of a Home Loan in Bhopal
Interest Rate Starting 8.50%* p.a.
We extend Home Loans to salaried, self-employed, and professional applicants at competitive interest rates. For salaried applicants, the interest rates start as low as 8.50%* p.a., making way for savings atop your Home Loan.
Home Loan Balance Transfer
Those who have an ongoing Home Loan but would like to reduce their Home Loan interest rate can explore the idea of transferring their Home Loan balance to us. Eligible applicants can also avail of a Top-up Loan.
Repayment Tenor of 32 years
Enjoy a comfortable repayment tenor of up to 32 years, giving you ample time to make timely repayments at your own pace.
Hassle-Free Application
Our eligibility criteria are easy to meet and document requirements are simple. Further, borrowers aren't required to visit our branch in person — they can apply for a housing loan in just a few seconds.
Calculate Your Home Loan EMI
Repayment Schedule
Eligibility Criteria for a Home Loan in Bhopal
| Salaried Individuals | Self-Employed Individuals |
|---|---|
| The applicant should be employed with a stable source of salaried income from a public or a private company or a multinational with a minimum 3 years of work experience | The applicant should be self-employed with a business continuity of over 3 years in the current enterprise |
| They should be between 21 and 75 years** of age | They should be between 23 and 70 years** of age |
| They should be an Indian citizen (including NRIs) | They should be an Indian citizen (resident only) |
**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.
Documents Required for a Housing Loan in Bhopal
These are the documents you should keep handy if you are planning to apply for a housing loan:
- KYC documents, such as Aadhaar Card, Driving License, Passport, Utility Bills, Ration Card, etc.
- Mandatory documents such as PAN Card or Form 60
- Passport-size photographs
- Form 16 and/or latest salary slips (or 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 3 years of vintage (for businessmen/self-employed individuals only)
Please note that this is only an indicative list. Our representatives may need more documents at the time of Home Loan application processing. These requirements will be communicated to you.
*Terms and conditions apply.
Steps to Apply for Home Loan in Bhopal Online
To apply for a Home Loan in Bhopal with Bajaj Housing Finance, follow these steps:
- Navigate to our Home Loan application form.
- Enter your personal details.
- Select the loan and employment type.
- Fill in the required details based on your employment type.
- Enter the PIN code.
- Enter the required loan amount.
- Generate OTP and enter it.
- Populate all the financial details as requested and complete the form.
- Click ‘Submit’ to submit the application form.
After submitting the application form, a representative will contact you to explain the next steps.
*Terms and conditions apply.
When you apply for a Home Loan in Bhopal with Bajaj Housing Finance, you can expect the loan amount to be disbursed within 48 Hours* post document verification and approval.
We require minimal documentation to process your loan. Here is an indicative list of documents required to apply for a Home Loan in Bhopal:
- Aadhaar Card, Driving License, Passport, Utility Bills, or Ration Card
- Mandatory documents such as PAN Card or Form 60
- Passport-size recent photographs
- Form 16 and/or latest salary slips (or 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 3 years of vintage or businessmen/self-employed individuals
Bajaj Housing Finance offers Home Loans in Bhopal of Rs.5 Crore* or more, based on the eligibility of the applicants.
Salaried applicants aged between 21 and 75 years** and self-employed applicants between 23 and 70 years** of age can apply for a Home Loan in Bhopal.
**The upper age limit is considered as age at the time of loan maturity. Additionally, the upper age limit is subject to change, depending on the property profile.
To estimate the amount of housing loan you can qualify for with a salary of Rs.40,000, use our Home Loan Eligibility Calculator. Based on your city of residence, date of birth, and monthly income and obligations, it will display an approximate loan amount you can be eligible for.
The repayment tenor for a Home Loan in Bhopal extends up to 32 years.
