Home Loan in Kanpur: Overview
Kanpur, with its vibrant culture and economic opportunities, has seen growth in the real estate market and offers feasible housing to aspiring homebuyers. Being the industrial capital of northern India, Kanpur’s economy is thriving, leading to several homebuyers looking to own a residential property here. If you are planning to purchase a home of your dreams, Bajaj Housing Finance offers Home Loans at competitive interest rates to assist homebuyers to secure their dream.
Home Loan Features and Benefits
Competitive Interest Rate
One of the primary advantages of a Bajaj Housing Finance Home Loan is the low interest rate, which starts at 8.50%* p.a. for salaried applicants.
Repayment Tenors
You can apply for a Home Loan with Bajaj Housing Finance and choose a long-term repayment plan that can last up to 40 years, allowing you to manage your EMIs more comfortably.
Higher Sanctions
You don't have to worry about the loan sanction amount with Bajaj Housing Finance because if you meet the eligibility criteria, you can receive Rs.5 Crore* or higher to buy your dream home.
Home Loan Balance Transfer
If you have an existing Home Loan you can opt for the Home Loan Balance Transfer facility offered by Bajaj Housing Finance. You can transfer the Home Loan balance to us and benefit from our competitive interest rates starting as low as 8.70%* p.a. if you’re a salaried applicant.
Hassle-Free Application
A Home Loan application with Bajaj Housing Finance is a hassle-free process. You can even request a document pick-up at your home.
Top-up Loan
If you choose a Home Loan Balance Transfer with Bajaj Housing Finance, you will not only benefit from the competitive interest rate, lower EMIs, and large sanction, but you will also be eligible for a Top-up Loan to cover other housing expenses.
Home Loan Fees, Charges, and Interest rate in Kanpur
Bajaj Housing Finance offers customised Home Loans to salaried individuals starting at 8.50%* p.a. and for self-employed individuals at 9.10%* p.a. However, before applying for a Home Loan, make a note of the applicable fees and charges, such as stamp duty charges, processing fees, and application fees as these can add up to your Home Loan cost.
Bajaj Housing Finance believes in maintaining the highest level of transparency so that your Home Loan experience is completely trouble-free. Click Here to know more about the Home Loan interest rates.
Housing Loan Documents Required
You only need to provide a minimum amount of documentation when applying for a loan from Bajaj Housing Finance. Your personal, financial, property, and employment details are all detailed in these supporting documents. Following is the list of documents you need to submit based on the nature of your employment:
Salaried Applicants
- Identification proof such as Aadhaar Card, Passport, and Voter ID Card
- Address proof such as Utility Bills, Bank Passbook, and Property Tax Receipt
- Income proof such as salary slips for the past 3 months, Company ID Card, and Employment Certificate
- Mandatory documents such as PAN Card or Form 60
- Financial proof such as banking statements for the past 6 months
- Property-related documents such as Title Deed, Allotment Letter, and Property Tax Receipts
Self-Employed Applicants
- Identification proof such as Aadhaar Card, Passport, and Voter ID Card
- Proof of business such as Company Profile, Incorporation Certificate, and Memorandum of Association
- Financial proof such as company banking statements for the past 6 months, GST Certificate, Company PAN Card, Balance Sheet and Profit and Loss Statements (Audited by a CA)
- Mandatory documents such as PAN Card or Form 60
- Property-related documents such as Title Deed, Allotment Letter, and Property Tax Receipts
Note: This documentation list is indicative, and is subjected to additional requests.
Home Loan Eligibility Criteria in Kanpur
Meeting the simple eligibility requirements set forth by Bajaj Housing Finance will enable you to receive quicker approvals, higher loan amounts sanctioned, competitive interest rates, and a longer tenor of up to 40 years. To determine your eligibility for a Home Loan, you can use a calculator.
Salaried and Professional Applicants
- The applicant should be an Indian citizen (including NRI) and reside in the city where Bajaj Housing Finance operates.
- The applicant should be between 23 to 75 years** old.
- The applicant should have at least 3 years of work experience in an MNC, public organization, or private company.
Self-Employed Applicants
- The applicant should be an Indian resident only and residing in the city where Bajaj Housing Finance operates.
- The applicant should be between 25 to 70 years** old.
- The applicant's business should be at least 5 years old and capable of generating a consistent income.
**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.
Process to Apply for Home Loan
Here is how you can apply for a Home Loan with Bajaj Housing Finance:
- Visit the website.
- Navigate to the Home Loan section.
- Click the 'Apply Now' button.
- Upon being redirected to the application form, fill in the required information such as name, contact information, employment type, loan amount, and so on.
- Submit the application form.
A customer service representative will contact you within 24 hours* to walk you through the next steps. If you are unable to access the website, you can apply for a Home Loan in person by visiting the nearest Bajaj Housing Finance branches.
*Terms and conditions apply.
