Overview of a Housing Loan in Faridabad
Faridabad, part of the National Capital Region (NCR), has benefited from infrastructure upgrades such as metro connectivity, and enhancing accessibility to Delhi and neighbouring areas. With improved transportation, commercial centres, and expanding residential options, Faridabad emerges as a viable choice for homeowners seeking modern amenities and connectivity in a thriving urban environment.
To help you achieve your dream of owning a home in Faridabad, Bajaj Housing Finance facilitates easy Home Loans in the city. You can benefit from competitive interest rates and avail of a sizeable loan amount to facilitate your property purchase.
Features and Benefits of a Home Loan in Faridabad
Sizeable Sanction with Flexible Tenor
When you take a housing loan from Bajaj Housing Finance, you get the chance to avail worth Rs.5 Crore* or higher, basis eligibility, along with a tenor of up to 32 years.
Minimal Documentation Requirements
Our eligibility criteria and documentation requirements are simple to ensure a smooth Home Loan experience for you.
Quick Processing
Another benefit of availing of a Home Loan from us is our emphasis on speedy approval and disbursal. Get your Home Loan in 48 Hours*, upon meeting our standard norms.
No Part-Prepayment and Foreclosure Charges
Individual borrowers who have availed of housing loans at floating interest rates enjoy no additional charges upon prepaying or foreclosing their loans.
Manage Your Loan Online
Use the Bajaj Housing Finance customer portal to access your loan account and details as well as make payments. Managing your loan is easy and hassle-free with us.
Calculate Your Home Loan EMI
Repayment Schedule
Eligibility Criteria for a Home Loan in Faridabad
For Salaried Individuals
If you are a salaried individual, these are our eligibility criteria for you:
- You can be a residing citizen of India or an NRI.
- You should be between 23 and 67 years** of age.
- You should be able to show at least 3 years of work experience with a recognised entity.
For Self-Employed Individuals
If you are a self-employed individual, these are our eligibility criteria for you:
- You need to be an Indian (resident only).
- You should be between 23 and 70 years** of age.
- You should be able to show at least 3 years of business continuity.
**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 Faridabad
Here is a list of documents you need to submit for loan processing:
- KYC documents
- 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 dating back to the last 6 months
- Proof of business, with a minimum of 3 years of vintage (for self-employed applicants)
Note: This is just an indicative list. Our representatives may ask you for additional documents
Steps to Apply for a Home Loan in Faridabad Online
Applying for a Home Loan with us is hassle-free and direct. Here is how you can make your application:
- Navigate to the application form.
- Provide the details requested, such as your name, employment type, loan type and other details.
- Generate and submit the OTP to complete the next leg of the application.
- Submit the form successfully.
Our customer representative will reach you shortly to walk you through the next steps.
*Terms and conditions apply.
Secure a Home Loan in Faridabad with Bajaj Housing Finance and enjoy a speedy disbursal within 48 Hours* post document verification.
The documents*** required to apply for a housing loan in Faridabad are:
- KYC Documents: Proof of address and identity
- Mandatory Documents: PAN Card or Form 60
- Photographs: Recent passport-sized photos
- Income Proofs: Form 16 or recent salary slips (for salaried applicants) and Income Tax Returns (ITR) and Profit & Loss Statements for the past 2 years (for self-employed applicants)
- Bank Statements: Last 6 months' bank statements
- Business Proof (for self-employed individuals or businessmen): Document showing at least 3 years of business operation
***This is an indicative list of documents.
You can secure a Home Loan in Faridabad of Rs.5 Crore* or higher with Bajaj Housing Finance, basis eligibility.
Salaried applicants aged 23 to 67 years** and self-employed applicants aged 23 to 70 years** can apply for a Home Loan in Faridabad.
**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 know the approximate loan amount you can qualify for based on a monthly income of Rs.40,000, you can use our Home Loan Eligibility Calculator. All you need to do is select your city of residence, date of birth, monthly income and obligation.
Bajaj Housing Finance offers a long repayment tenor of up to 32 years, ensuring convenient and manageable Home Loan repayment.
