Details of a Housing Loan in Panjim
Panjim, commonly known as Panaji, is Goa's capital and is located on the banks of the Mandovi River in the state's northern quadrant. Panjim is a popular tourist destination, attracting visitors from all over the world, and it is also noted for its enormous pharmaceutical industry. The Goa government expects that the new IT parks will transform Panjim into an IT industry while also increasing employment opportunities.
Panjim is an excellent location for constructing or building your dream house, and Bajaj Housing Finance is well-equipped to meet any financial requirements you may have.
Features and Benefits of a Home Loan in Panjim
Attractive Interest Rates
Bajaj Housing Finance Limited offers attractive interest rates on Home Loans starting at 7.99%* p. a. for salaried and professional applicants. Both salaried/professional and self-employed individuals can opt for a Home Loan at Bajaj Housing Finance Limited.
Sizeable Sanction
Take advantage of a substantial online Home Loan of Rs.5 Crore* or higher, depending on your eligibility. When it comes to purchasing your dream home, you don't have to be concerned about the loan sanction amount with Bajaj Housing Finance Limited.
Quick Disbursal
Upon approval of your Home Finance and document submission, you can expect a quick disbursal time of less than 48 Hours*.
Repayment Tenor
A longer repayment term equates to lower EMIs, and with Bajaj Housing Finance, you can choose a repayment term of up to 32 years to help you repay your loan at your pace.
Link External Benchmarks
Borrowers who have chosen a floating interest rate can tie their interest rate to an external benchmark, such as the Repo Rate, and benefit from favorable market conditions.
Zero-Prepayment and Foreclosure Charges
Borrowers who have opted a floating interest rate can make partial payments or foreclose the entire amount without incurring any additional charges.
Home Loan Balance Transfer
Borrowers with an existing Home Loan can opt for a Home Loan Balance Transfer and avail of the benefits offered by Bajaj Housing Finance such as affordable interest rate starting at 7.99%* p. a. for salaried and professional applicants.
Top-Up Loan
Borrowers who have opted for a Home Loan Balance Transfer are eligible for a Top-up Loan in addition to the existing benefits of a Home Loan such as affordable interest rates, long term tenors, and sizeable sanction, among others.
Home Loan Fees, Charges and Interest rate in Panjim
Bajaj Housing Finance provides low interest Home Loans to salaried, professional, and self-employed individuals. To obtain the housing loan, you only need to submit minimal documentation and meet the eligibility criteria.
The interest rate for a salaried applicant begins at 7.99%* p.a. To learn more about our interest rates, click here.
It is mandatory that you read all the Home Loan terms and conditions, including processing fees, application fees, stamp duty charges, and so on, because these costs may affect your Home Loan affordability.
Visit the Bajaj Housing Finance website to learn more about the interest rate and fees associated with a Home Loan.
Documents Required for a Home Loan in Panjim
Applicants who want to get a Home Loan must submit a list of supporting documents. These documents contain personal, financial, employment, and property information, which varies depending on the type of employment.
Salaried and Professional Applicants
- KYC documents such as Passport, Aadhaar Card, and Voter ID Card
- Mandatory documents such as PAN Card or Form 60
- Address proof such as Utility Bills, Ration Card, and Property Tax Receipt
- Employment proof such as Salary Slip for the past 3 months, Company ID Card
- Financial proof such as banking statements for the 6 months, Income Tax Returns
- Property documents such as Property Tax Receipts, Allotment Letter, and Title Deed
Self-Employed Applicants
- Identification proof such as Passport, Aadhaar Card, and Voter ID Card
- Mandatory documents such as PAN Card or Form 60
- Proof of business
- Financial proof such as banking statements for the past 6 months, Income Tax Returns, Balance Sheet, and Profit and Loss Statement
- Property documents
Note: This is an indicative list. You may be required to submit additional documents, based on your profile.
Eligibility Criteria for a Home Loan in Panjim
The eligibility criteria for a Home Loan in Panjim is straightforward and simple. Bajaj Housing Finance requires you to meet the minimal eligibility criteria to get approved quickly and receive beneficial lending terms such as affordable interest rates, long-term tenors, sizeable sanctions, Balance Transfer Facility, amongst others. Eligibility criteria vary among salaried, professional, and self-employed applicants.
- The applicant must be an Indian resident
- The applicant must live in one of the cities served by Bajaj Housing Finance
- A salaried applicant must be between 21 and 75 years** of age
- A self-employed applicant must be between 23 and 70 years** of age
- A salaried applicant must have a minimum work experience of 3 years at an MNC, public or private sector company
- A self-employed applicant must have a business vintage of at least 3 years
**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.
How to Apply for a Housing Loan in Panjim Online
Here is how you can apply for a housing loan in Panjim.
- Visit the website and source of the application form.
- Enter the required information, such as name, employment type, contact information, income information, PIN code, and other details.
- Click on "Generate OTP" and submit the OTP sent to your registered mobile number.
- Complete and submit the application form.
Upon submitting the application form, a representative from Bajaj Housing Finance will get in touch with you within 24 hours* for further processing.
*Terms and conditions apply.
Bajaj Housing Finance provides Home Loans in Panjim with disbursal within 48 Hours* after document verification and approval.
Submit the following list of documents*** to apply for a Home Loan in Panjim:
- KYC Documents: Address and identity proof
- Mandatory Documents: PAN Card or Form 60
- Photographs:Recent passport-sized photographs
- Income Proof:
- Form 16 or the latest salary slips (salaried applicants)
- Income Tax Returns (ITR) and Profit & Loss Statement for the last 2 years (self-employed applicants)
- Bank Statements: Statements from the last 6 months
- Business Proof (for businessmen or self-employed individuals): Business vintage of at least 3 years
***The list of documents is indicative.
With Bajaj Housing Finance, you can avail of a Home Loan in Panjim of Rs.5 Crore* or more, based on your eligibility.
To apply for a Home Loan in Panjim, salaried applicants should be between 23 and 67 years** of age and self-employed applicants should fall within the age range of 23 to 70 years**.
**The upper age limit is considered as age at the time of loan maturity. Additionally, the upper age limit is subject to change, depending on the property profile.
To know the loan amount you can borrow on a monthly income of Rs.30,000, you can use our Home Loan Eligibility Calculator.
Bajaj Housing Finance provides Home Loans in Panjim with a flexible repayment tenor of 32 years.
