Home Loan in Cochin: Overview
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 in search of 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 to Bajaj Housing Finance for competitive loan features and benefits.
Home Loan in Cochin: Features and Benefits
Competitive Interest Rates
Bajaj Housing Finance offers Home Loans at interest rates starting as low as 8.50%* p.a., to eligible salaried individuals. This means you can now make your dream home yours by paying a monthly EMI of only Rs.733/Lakh*.
Sizeable Loan Sanctions
Eligible applicants can avail of sizeable sanctions worth Rs.5 Crore* or higher. Face no obstacles when it comes to funding your dream property.
Easy Balance Transfer Facility
Transfer your Home Loan to Bajaj Housing Finance and enjoy competitive interest rates, great facilities, and exemplary service. You also get the option of availing of a Top-up Loan, to finance housing expenditures.
Flexible Tenor
With us, borrowers get the option of spreading their EMIs over a period extending up to 40 years to help them repay the loan amount at their own pace.
Part-prepayment and Foreclosure Facility
Individual borrowers can avail of a Home Loan on a floating interest rate and prepay or foreclose the loan without having to pay any added fees or charges if you are an individual borrower.
Minimal Documentation
Our documentation requirements are hassle-free and nominal, ensuring that you are able to meet the request with ease.
Home Loan in Cochin: Eligibility Criteria
Bajaj Housing Finance has very few eligibility criteria for a Home Loan and meeting these criteria will ensure that you are approved quickly and without any hassles.
- Salaried applicants should be Indian residents or NRIs
- Self-employed applicants must be Indian residents only
- The property should be located in a city we operate in
- Salaried applicants should be aged between 23 to 75 years**
- Self-employed applicants should be between 25 and 70 years**
- A CIBIL score higher than 750+ is ideal for approval
**The maximum age 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 in Cochin: Documents Required
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)/TR 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 5 years vintage (for businessmen/self-employed individuals only)
Note: This is just an indicative list. Our representatives may ask you for additional documents.
Home Loan in Cochin: How to Apply
You can apply for a Home Loan in Cochin with Bajaj Housing Finance with the quick and easy steps given below:
- Navigate to the housing loan application form on the official website.
- Enter personal and financial details and enter the loan amount you wish to avail of.
- Click ‘Generate OTP’ and enter the requested 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
