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Home Loan Starting 6.70%*

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Home Loan in Coimbatore: Overview

Popularly called the Manchester and textile capital of South India – known for its flourishing textile manufacturing industry, Coimbatore is a rapidly-growing city. It is a centre for education, commerce, IT, healthcare, and more. Situated on the banks of the river Noyyal, Coimbatore not only offers excellent job opportunities but is also home to various picturesque locations. The city enjoys efficient air, rail, and road connectivity and is regarded as one of the safest in India. With infrastructure, amenities, and opportunities abounding there is demand in the Coimbatore real estate market. To help homebuyers realise their aspirations, Bajaj Housing Finance offers a high-value and cost-effective home loans in Coimbatore starting at 6.70%*.

Home Loan in Coimbatore: Features and Benefits

  • PMAY interest subsidy: First-time homebuyers can benefit significantly from the CLSS component of Pradhan Mantri Awas Yojana. It offers an interest subsidy of up to Rs.2.67 lakh on your home loan in Coimbatore.
  • Easy part-prepayment and foreclosure: As an individual borrower, you can make full or partial prepayments on your floating-rate home loan without having to worry about penal charges. This helps you save more.
  • Minimal documentation: You only need to submit basic income and KYC documents when applying online for a home loan in Coimbatore. With digital protocols and the option of a digital sanction letter, loan processing is guaranteed to be speedy.
  • Home loan balance transfer: You can transfer the outstanding balance on your existing home loan in Coimbatore to Bajaj Housing Finance and refinance it at a lower rate of interest. You can also avail a top-up loan when switching lenders.
  • Flexible repayment: You can stretch repayment over a maximum of 30 years to align your EMIs with your budget.
  • Ample top-up loan: Diligent repayment of a home loan makes you eligible for an additional high-value top-up loan. It comes in handy when you are looking to cover your other expenses economically.
  • Basic eligibility criteria: To qualify for a Bajaj Housing Finance Home Loan in Coimbatore you need to be a salaried or self-employed individual and meet just a few simple parameters.
  • Digital loan management: From viewing your future EMIs to obtaining your interest certificate, you can use our online customer portal to be in control of your home loan at all times.
  • Powerful online calculators: To pick a loan amount matching your financial profile, use the Home Loan Eligibility Calculator. Later, use the Loan EMI Calculator to plan for repayment. You can also use the home loan prepayment calculator and the balance transfer calculator to make good decisions when repaying a home loan in Coimbatore.

 

Documents Required for Home Loan in Coimbatore

Applying for a home loan in Coimbatore with Bajaj Housing Finance requires minimal paperwork. You only need to produce the following documents*:

  • KYC documents (including ID and address proof)
  • Income documents (based on your borrower profile such as salary slips, Form 16, P/L statement, etc.)
  • Bank account statements of the last 6 months
  • Proof of business
  • Passport-sized photograph
  • Property papers such as sale agreement, allotment letter, receipt of payments made to the agent or developer, etc.

*This list of documents is indicative, and you may be requirement to submit others during your application.

Eligibility Criteria for Home Loan in Coimbatore

Get a home loan in Coimbatore from Bajaj Housing Finance on simple eligibility terms:

Eligibility Criteria For Salaried For Self-employed
Nationality Resident Indian Resident Indian
Age 23 to 62 years 25 to 70 years
Work Experience/Business Continuity 3 years or more 5 years or more
Income Employed with a stable source of income Showcase stable revenue from profession or business

How to Apply for the Bajaj Housing Finance Home Loan in Coimbatore

Easily and quickly avail a home loan in Coimbatore by applying for it online. Follow these simple steps:

  • Use the Eligibility Calculator to settle on a loan amount and the EMI Calculator to decide upon a repayment tenor.
  • Enter your personal, financial, employment, and property details in the online application form and select the type of loan you want.

On completing these basic steps, await contact from a relationship manager who will take you through the next steps to get the loan amount disbursed.