Overview of a Housing Loan in Kanpur
Kanpur is known for its rich cultural heritage and robust industrial base. With its strategic location and well-developed infrastructure, the city offers a diverse range of housing options catering to the needs of aspiring homebuyers. The city's economy is buoyed by its strong manufacturing sector, educational institutions, and thriving businesses, making it an attractive place to settle down.
If you are planning to purchase your dream home in Kanpur, Bajaj Housing Finance provides Home Loans at competitive interest rates, ensuring that the journey to homeownership is convenient and hassle-free.
Features and Benefits of a Home Loan in Kanpur
Competitive Interest Rate
One of the primary advantages of a Bajaj Housing Finance Home Loan is the benefit of a competitive interest rate.
Repayment Tenures
You can apply for a Home Loan with Bajaj Housing Finance and choose a long-term repayment plan that can last up to 32 years, allowing you to manage your EMIs more comfortably.
Sizeable Loan Amount
You don't have to worry about the loan sanction amount with Bajaj Housing Finance. You can receive a sizeable loan amount to buy your dream home, if you meet the eligibility criteria.
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 8.10%* p.a. for salaried applicants.
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
With a Home Loan Balance Transfer, you can not only benefit from competitive interest rates, manageable EMIs, and large sanctions, but you can 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 7.99%* p.a. and for self-employed individuals at 8.30%* 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.
Documents Required for a Home Loan in Kanpur
You only need to provide minimal documentation when applying for a loan from Bajaj Housing Finance. 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 can enable you to receive quicker approvals, sizeable loan sanction, competitive interest rates, and a longer tenure of up to 32 years.
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 67 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 23 to 70 years** old.
- The applicant's business should be at least 3 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.
You can apply for a Home Loan in Kanpur with Bajaj Housing Finance and experience quick disbursal within 48 Hours* once your documents are verified.
Keep the following documents handy to apply for a Home Loan in Kanpur:
- 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)
Note: This list is indicative. Our representatives may contact you for additional documents.
Salaried applicants within the age range of 23 to 67 years** and self-employed applicants aged between 23 to 70 years** are eligible to apply for a Home Loan in Kanpur.
**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.
Before you avail of a Home Loan in Kanpur is it advisable to calculate the housing loan amount you can qualify for on a monthly income of Rs.35,000 using our housing loan eligibility calculator.
If you are looking to apply for a housing loan in Kanpur, opt for Bajaj Housing Finance as we offer a flexible tenure of up to 32 years.
