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. IT companies and 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 tenor of up to 40 years.
Home Loan in Madurai: Features and Benefits
Easy Balance Transfer
You can switch lenders for better repayment terms and transfer your existing loan amount to Bajaj Housing Finance without much documentation. 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. Use the EMI Calculator to easily determine your tenor and monthly outgo.
Basic Documentation and Speedy Process
Apply for a Home Loan by submitting your KYC and financial details. We process your application faster once we have all your details ready with us.
Save with Early Repayment
No extra charges are levied if you part-prepay or foreclose your Home Loan. Thus, you save on interest outgo without any hindrance. Note: Valid only for individuals with a floating interest rate Home Loan.
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 Finance
Get a substantial Top-up Loan without extra documentation, at a reasonable 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 40 years.
Home Loan in Madurai: Documents Required
Availing of a Home Loan from Bajaj Housing Finance is easy, thanks to the minimal documentation requirement.
- KYC documents such as Aadhar Card, or Voter ID
- Mandatory documents such as PAN Card, or Form 60
- To establish a steady income flow, applicants will be required to submit their financials as requested, including bank statements and business documents
- Taxation and property documents are also mandatory
This list of documents is indicative, and you may be required to submit others during your application, if needed.
Home Loan in Madurai: Eligibility Criteria
Get a Home Loan by meeting the basic eligibility terms listed out by Bajaj Housing Finance.
| Eligibility Criteria | For Salaried | For Self-Employed |
|---|---|---|
| Nationality | Indians (including NRIs) | Indians (residents) |
| Age** | 23 to 75 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 5 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.
Home Loan in Madurai: How to Apply
The online loan process for applying a Home Loan is hassle-free, which entails the following simple steps.
- Use the Home Loan Eligibility Calculator to see if you qualify for a Home Loan, followed by the EMI Calculator to finalise 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 these steps are completed, our representative will contact you with the further details.
*Terms and conditions apply
