Overview of a Housing Loan in Madurai

Madurai is an industrial hub, and it houses various chemical, automobile, rubber, and granite manufacturing industries within its boundaries. Renowned government institutes also offer professional degree courses in the city.

To help you own a home in this flourishing city, Bajaj Housing Finance offers a sizeable Home Loan in Madurai with a repayment tenure of up to 32 years.

Features and Benefits of a Home Loan in Madurai

Easy Balance Transfer

You can transfer your existing loan amount to Bajaj Housing Finance for better repayment terms. You can also further opt for a substantial  Top-up Loan.

Quick Loan Calculators

Check your eligibility for a Home Loan using the eligibility calculator. You can also use the EMI calculator to easily determine your tenure and monthly outgo.

Minimal Documentation and Speedy Process

Apply for a Home Loan by submitting your required details such as KYC and financial. We process your loan in 48 Hours* from documentation and approval.

No Prepayment and Foreclosure Charges

No extra charges are levied if you part-prepay or foreclose your Home Loan. Note: Valid only for individuals with a floating interest rate Home Loans.

Simple Eligibility Criteria

There are some basic eligibility criteria that you need to meet, such as age, income, and employment to avail of a Home Loan.

Top-up Loan

Get a substantial Top-up Loan with minimal documentation, at a favourable interest rate. You can use the funds to meet your other housing expenses.

Longer Repayment Tenure

Repay your Home Loan as per your financial capacity with a long tenure that goes up to 32 years.

Calculate Home Loan EMI

Loan AmountRs.

Rs.4 LakhRs.15 Crore

TenureYears

5 Years32 Years

Interest Rate%

1%15%

Your EMI is Rs. 0

Total Interest

0.00%

Rs. 0.00

0.00%

Total Payable Amount

Rs. 0.00

View Repayment Schedule Apply Now
Repayment Schedule
Date
  

List of Documents Required for a Home Loan in Madurai

You need to submit minimal documents*** when applying for a housing loan in Madurai. These generally include identity proof, income proof, address proof, PAN Card or Form 97 (mandatory), and property-related documents. For the complete document list, click here.

***Additional documents may be required depending on the loan application.

Eligibility Criteria for a Housing Loan in Madurai

Get a Home Loan by meeting our basic eligibility terms.

​​Eligibility Criteria For Salaried For Self-Employed
​​Nationality Indians (including NRIs) Indians (residents)
​​Age 23 to 67 years** 25 to 70 years**
Income Minimum of 3 years of experience and employed with a stable source of income Stable income from the existing business of at least 3 years vintage

**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.

Steps to Apply for a Home Loan in Madurai Online

Our online loan process for applying for a Home Loan is hassle-free and entails the following simple steps. Before applying you may choose to use our Home Loan Eligibility Calculator to check your loan eligibility, followed by the EMI calculator to determine a feasible loan amount and tenure.

  1. Fill out the online application form by entering your name, and mobile number.
  2. Next, pick the loan type and provide employment, income, PIN code and loan amount details.
  3. After entering the OTP, enter the financial details and 'Submit' the form.

Once these steps are completed, our representative will contact you and guide you through the next steps.

*Terms and conditions apply

Home Loan in Madurai: FAQs

With a Home Loan from Bajaj Housing Finance, you can avail of a Home Loan of up to Rs.15 Crore*, subject to eligibility.

We require minimal documents*** to process your housing loan, including identity proof, income proof, address proof, PAN Card or Form 97 (mandatory), and property documents. To view the complete list of documents, click here.

***This list is indicative, and additional documents may be required during loan processing.

To apply for a Home Loan in Madurai, salaried applicants should be within the age range of 23 to 67 years**. Self-employed applicants should be between 25 and 70 years** of age.

**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.

You can estimate the loan amount you can be eligible for on a salary of Rs.50,000 by using our housing loan eligibility calculator.

You can avail of a Home Loan in Madurai with Bajaj Housing Finance and enjoy a long repayment tenure of up to 32 years.

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