Details of a Housing Loan in Mysore
Mysore, renowned for its picturesque landscapes and burgeoning IT industry, attracts several professionals. The city's high-quality public amenities, advanced waste management system, and robust transportation network make it an appealing choice for those looking to buy a home.
If you are considering purchasing a property in Mysore, Bajaj Housing Finance Home Loans offer a range of features and benefits designed to make your homebuying experience seamless and hassle-free.
Features and Benefits of a Home Loan in Mysore
Minimal Documentation
Applying for a Home Loan with Bajaj Housing Finance is easy; our eligibility criteria are straightforward, and we request for minimal documentation.
Zero Part-Prepayment and Foreclosure
Individual borrowers can choose to foreclose their Home Loan or opt for part-prepayment without having to pay any extra charges. (Note: Valid only for individuals with floating interest rates.)
Digital Access
Checking loan related details, such as your repayment schedule and interest rate, becomes quick and easy with a 24x7 online access to your loan account.
Balance Transfer Facility
If you are looking for a more competitive interest rate on your existing loan, then you can transfer your Home Loan to Bajaj Housing Finance. Here, you also get an option to avail of a Top-up Loan for other housing-related expenses.
Online Calculators
You can check if you fulfill the eligibility criteria to avail of a Home Loan by accessing the Home Loan Eligibility Calculator. You can also use the EMI Calculator to plan your EMIs and decide a comfortable repayment tenure. The balance transfer and part-prepayment related calculations can also be carried out using other available tools.
Long Repayment Tenure
Bajaj Housing Finance provides long-term repayment tenure extending up to 32 years. This can help you pay off your Home Loan comfortably.
Interest Rates and Charges for Home Loans in Mysore
Bajaj Housing Finance offers competitive interest rates and keeps other charges on a Home Loan nominal. Click to check our current Home Loan interest rates.
Documents Required for Home Loan in Mysore
Availing of a Home Loan from Bajaj Housing Finance is easy and requires you to submit only a few basic documents***.
- Mandatory documents, that is, PAN card or Form 60
- KYC documents (such as Aadhar Card and PAN Card)
- Last 3 months’ salary slips for salaried applicants
- Proof of business vintage and P&L statement for self-employed applicants
- Property documents such as sale agreement
***This list of documents is indicative, and you may be required to submit others during your application, if needed.
Eligibility Criteria for Home Loan in Mysore
Bajaj Housing Finance has simple eligibility terms that make it easy to qualify for a Home Loan:
| Eligibility Criteria | For Salaried | For Self-Employed |
|---|---|---|
| Nationality | Indians (including NRIs) | Indians (residents) |
| Age | 23 to 67 years** | 23 to 70 years** |
| Work experience/business continuity | 3 years or more | 3 years or more |
| Income | Establish a steady income from a public, private, or multinational organisation | Establish stable revenue stream from the existing business |
**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.
Steps to Apply for a Home Loan in Mysore Online
Here is how you can apply online for a Home Loan:
- Navigate to the housing loan application form.
- Enter your full name, mobile number, employment type, income details, and area PIN code.
- Enter the required loan amount.
- Enter the requested OTP and complete the rest of the application by entering your financial details.
Once this is done, an executive will get back to you to with the next steps.
*Terms and conditions apply.
You can apply for a Home Loan in Mysore with us and benefit from quick disbursal within 48 Hours* upon document verification and approval.
The documents*** required to apply for a Home Loan in Mysore as given below:
- KYC documents
- Mandatory documents (Form 60 or PAN Card)
- Salary slips (applicable for salaried applicants)
- Profit & Loss statement (for self-employed applicants)
- Income-related documents
- Bank statements for the last 6 months
- Business proof (applicable for self-employed)
- Recent passport-sized photograph
***This is an indicative list of documents.
If you are planning to avail of a Home Loan in Mysore, Bajaj Housing Finance offers a loan amount of Rs.5 Crore* or more, based on your eligibility.
Here is the required age to avail of a Home Loan in Mysore:
- Salaried Applicants: Age should be between 23 and 67 years**
- Self-Employed Applicants: Age should be between 23 and 70 years**
**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.
To estimate the housing loan amount you may be eligible for with a monthly income of Rs.50,000, you can our Home Loan Eligibility Calculator.
Bajaj Housing Finance provides Home Loans in Mysore with repayment tenures of up to 32 years.
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