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Home Loan Starting 6.70%*

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Home Loan in Madurai: Overview

Madurai has earned the name of being an industrial hub and it houses various chemical, automobile, rubber, and granite manufacturing industries within its boundaries. Various IT companies and renowned government institutes offering professional degree courses are also functional in the city. Madurai is popularly called as ‘Athens of the East’, given the presence of historically significant structures, and enjoys good connectivity because of its road, rail, and air networks. The corporation of the city has also chalked out major developmental plans under the smart city initiative and Madurai is one of the top cities on the Government’s Ease of Living Index.

To help prospective homebuyers own a home in this illustrious and upcoming city, Bajaj Housing Finance offers a high-value home loan in Madurai starting at just 6.70%*.

  • PMAY scheme

    Eligible first-time homeowners can get a PMAY interest subsidy of up to Rs.2.67 lakh on their home loan in Madurai.

  • Easy balance transfer

    You can switch lenders for better repayment terms and transfer your loan amount to Bajaj Housing Finance without much documentation. You can opt for a high-value top-up loan when doing so.

  • Property Guide

    To help you understand the various legal and financial aspects of owning a house in Madurai, you will receive a property dossier. You can also avail in-person assistance to select the right property

  • Quick loan calculators

    Check your eligibility for a home loan in Madurai using the eligibility calculator. Use the EMI Calculator to easily determine your tenor and monthly outgo.

  • Online loan account

    Access details about your home loan in Madurai, such as your repayment schedule and interest certificate, through a digital customer platform

  • Basic documentation and speedy process

    Apply for a home loan in Madurai by submitting your KYC and financial documents. Receive a digital sanction letter with 10 minutes of applying online.

  • Save with early repayment

    No extra charges are levied if you part-prepay or foreclose your home loan in Madurai. Thus, you save on interest outgo without any hindrance.

  • Simple eligibility criteria

    You need to meet basic age, income, and employment criteria to get a home loan in Madurai.

  • Top-up loan finance

    Get a substantial top-up loan without extra documentation and at a nominal interest rate. You can use the funds to meet your non-housing needs as well.

  • Budget-friendly EMIs

    Repay your home loan as per your financial capacity with a flexible tenor that goes up to 30 years.

 

Documents Required for Home Loan in Madurai

Availing a home loan in Madurai from Bajaj Housing Finance is easy, thanks to the minimal requirement for documentation*:

  • 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, if needed.

Eligibility Criteria for Home Loan in Madurai

Get a home loan in Madurai by meeting the basic eligibility terms listed out by Bajaj Housing Finance.

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 Madurai

Applying for a home loan in Madurai entails a hassle-free process with Bajaj Housing Finance’s online process. Follow these steps:

  • Use the Home Loan Eligibility Calculator to see if you qualify for a home loan in Madurai and know how much you can apply for. Then, use the EMI Calculator to finalise on the loan amount and tenor.
  • Fill out the online application form by picking the loan type and providing financial, employment, business, and property details.

Once done, a relationship manager will contact you with the further details and expedite loan disbursal.