Overview of a Home Loan in Cochin
Cochin is a popular tourist destination and home to several notable MNCs. This, in turn, has led to an abundance of people moving to Cochin for employment opportunities. Combined with a robust infrastructure, exceptional academic institutions, and exemplary healthcare infrastructure, the city has emerged as a popular real estate hub.
If you are looking for a Home Loan in Cochin you can consider applying with us for competitive interest rates and other benefits.
Features and Benefits of a Home Loan in Cochin
Competitive Interest Rates
We offer Home Loans at interest rates starting as low as 7.99%* p.a., to eligible salaried individuals. This means you can own your dream home by paying EMIs starting at Rs.722/Lakh*.
Sizeable Loan Sanctions
Eligible applicants can avail of sizeable sanctions worth Rs.5 Crore* or higher.
Easy Balance Transfer Facility
By transferring your Home Loan balance to us, you can benefit from competitive interest rates and favourable loan terms. You also get the option of availing of a Top-up Loan, to finance housing expenditures.
Flexible Tenor
Our long repayment tenor extending up to 32 years ensures manageable EMIs, helping borrowers repay the loan amount at their own pace.
Part-Prepayment and Foreclosure Facility
Individual borrowers who have availed of a Home Loan on a floating interest rate can prepay or foreclose the loan without having to pay any added fees or charges.
Minimal Documentation
Our documentation requirements are minimal, ensuring that you are able to meet the request with ease.
Eligibility Criteria for a Housing Loan in Cochin
Our easy-to-meet eligibility criteria for a Home Loan ensures hassle-free approval. You need to meet the following criteria to avail of a Home Loan at competitive terms:
- Salaried applicants should be Indian residents or NRIs.
- Self-employed applicants should be Indian residents only.
- Salaried applicants should be aged between 23 to 67 years**.
- Self-employed applicants should be between 23 and 70 years**.
- A CIBIL score higher than 750+ is ideal for approval.
**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.
Documents Required for a Home Loan in Cochin
If you are planning to apply for a Home Loan, ensure that you have these documents handy:
- KYC documents
- Recent photographs
- Mandatory documents (PAN Card/Form 60)
- Form 16 and/or latest salary slips (for salaried individuals)/ITR document and P&L statements (for self-employed individuals)
- Bank account statements for the last 6 months
- Document for proof of business, with a minimum of 3 years vintage (for businessmen/self-employed individuals only)
Note: This is just an indicative list. Our representatives may ask you for additional documents.
Steps to Apply for a Home Loan Online in Cochin
You can apply for a Home Loan in Cochin with Bajaj Housing Finance by following the quick and easy steps given below:
- Navigate to the housing loan application form on our official website.
- Enter personal and financial details and enter the loan amount you wish to avail of.
- Click ‘Generate OTP’ and enter the received OTP.
- Complete the rest of the application form.
- Select ‘Submit’ to submit the application.
Once we receive your housing loan application, our representative will get in touch with you to walk you through the next steps.
*Terms and conditions apply.
If you avail of a housing loan in Cochin with Bajaj Housing Finance, you can benefit from a quick disbursal within 48 Hours* after your documents are verified.
The documents** required to apply for a housing loan in Cochin are:
- Proof of identity and address
- Recent passport-sized photos
- PAN Card or Form 60 (mandatory)
- Form 16 and/or recent salary slips (for salaried applicants)
- ITR documents and Profit & Loss statements (for self-employed applicants)
- Last 6 months' bank statements
- Business vintage if at least 3 years (for businessmen/self-employed individuals only)
***This is an indicative list of documents. Our representatives will contact you in case additional documents are required.
With a Bajaj Housing Finance Home Loan, you can secure Rs.5 Crore* or more, based on your eligibility.
Salaried applicants aged between 23 and 67 years** and self-employed applicants aged between 23 and 70 years** are eligible to apply for a Home Loan in Cochin.
**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.
To estimate the loan amount you can avail of based on a salary of Rs.40,000, you can use our online Home Loan Eligibility Calculator.
If you are looking to apply for a housing loan in Cochin, opt for Bajaj Housing Finance as we offer a flexible tenor of up to 32 years.
