Home Loan in Mysore: Overview
Mysore has always been a tourist attraction for its scenic views. It has also seen a rise in the influx of working professionals due to its booming IT industry. With high-quality public amenities, an evolved waste management system, and a well-connected network of transport, Mysore has become a desirable option for aspiring homebuyers. If you are planning to avail of a Home Loan in Mysore, opt for Bajaj Housing Finance Home Loan and enjoy various features and benefits.
Home Loan: Features and Benefits
Basic 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, which helps to reduce the overall Home Loan interest outflow, in case they have surplus funds. (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 account.
Balance Transfer Facility
If you wish to lower the interest rate on your existing loan, Bajaj Housing Finance lets you transfer your loan from another institution. Here, you also get an option to avail of a Top-up Loan for 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. Use the EMI Calculator to plan your EMIs and fix a comfortable repayment tenor. The balance transfer and part-prepayment related calculations can also be carried out using the available tools
Easy Repayment Tenor
Bajaj Housing Finance provides long-term repayment of loan with tenors extending up to 40 years. This helps you to pay off your Home Loan as per your financial capacity.
Home Loan in Mysore: Interest Rate, Fees, and Charges
Bajaj Housing Finance offers competitive interest rates and keeps other charges on a Home Loan nominal. Check our current Home Loan interest rates and other fees and charges.
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 75 years** | 25 to 70 years** |
| Work experience/business continuity | 3 years or more | 5 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.
Home Loan in Mysore: How to Apply
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.
Once this is done, an executive will get back to you to with the next steps.
*Terms and conditions apply.
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