Overview of a Housing Loan in Surendranagar
Surendranagar, in Gujarat, is well-known for its educational infrastructure and known for being a cotton and ginning hub in India. The city is set to witness several infrastructural developments, a major one being the construction of solar power plants to boost renewable energy capacity and reduce carbon emissions. Its industrial park aims to promote sustainable industrial growth and attract non-polluting industries, enhancing the region's economic profile and increasing job opportunities for the youth.
Aspiring borrowers who are planning to purchase their dream home in Surendranagar can opt for Bajaj Housing Finance Home Loans and enjoy competitive interest rates and long repayment tenures, among other benefits.
Features and Benefits of a Home Loan in Surendranagar
Competitive Interest Rate
Bajaj Housing Finance provides Home Loans to salaried individuals at a competitive interest rate starting at 7.99%* p.a.
Zero Part-Prepayment and Foreclosure Charges
Individual borrowers with a Home Loan at a floating interest rate can make partial payments or foreclose on the entire loan amount without incurring any additional fees.
Long Repayment Tenor
With Bajaj Housing Finance, you can repay your loan over a tenor of 32 years, allowing you to plan your finances accordingly and repay the loan comfortably.
Sizeable Loan Sanction
We sanction Home Loans of Rs.5 Crore* or more depending on your eligibility. A substantial loan sanction ensures that you have enough funds to purchase your dream home without compromising your financial stability.
Home Loan Balance Transfer
If you already have a housing loan, you can use the Bajaj Housing Finance Home Loan Balance Transfer facility to transfer your loan amount balance and maximise your savings.
Interest Rates and Charges for Home Loans in Surendranagar
Salaried, professional, and self-employed individuals can all benefit from Bajaj Housing Finance's attractive interest rates. You can check the current home loan interest rates applicable on Bajaj Housing Finance Home Loans on our website.
Documents Required for a Home Loan in Surendranagar
We require minimal documentation to process your Home Loan. The documents you need to submit vary depending on the type of employment. Here's the list of documents:
Salaried Applicant
- Mandatory documents (PAN Card or Form 60)
- KYC documents such as an Aadhaar card, Passport, driving license, and voter ID card
- Income proof documents such as salary slips for the past 3 months, employment letter, and company ID card
- Financial documents such as banking statements for the past 6 months and Income Tax Returns
- Documents related to the property such as Allotment Letter, Sale Deed, and Property Tax Receipts
Self-Employed Applicant
- Mandatory documents (PAN Card or Form 60)
- KYC documents such as an Aadhaar card, Passport, driving license, and voter ID card
- Proof of business such as such as incorporation certificate, GST certificate, and memorandum of association
- Financial documents such as company banking statements for the past 6 months, income tax returns, balance sheet, and profit and loss statements (attested by a CA)
- Documents related to the property such as Allotment Letter, Sale Deed, and Property Tax Receipt
Note: This list is indicative. Additional documents may be required at the time of loan processing.
Eligibility Criteria for a Home Loan in Surendranagar
If you wish to apply for a Home Loan with Bajaj Housing Finance, you need to meet the following eligibility criteria:
| Salaried Individuals | Self-Employed Individuals |
|---|---|
| The applicant must be employed with a stable source of salaried income from a public or a private company or a multinational with a minimum 3 years of work experience | The applicant must be self-employed with a business continuity of over 3 years in the current enterprise |
| They must be between 23 and 67 years** of age | Thye must be between 23 and 70 years** of age |
| They must be an Indian citizen (including NRIs) | They must be an Indian citizen (resident only) |
**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.
*Terms and conditions apply.
If you are looking for a Home Loan in Surendranagar, you can apply for a loan with Bajaj Housing Finance as our minimal documentation ensures quick disbursal within 48 Hours* after document verification.
The documents*** required to apply for a housing loan in Surendranagar are:
- KYC documents (Aadhaar Card, Voter’s ID, or Driving License)
- Mandatory documents (Form 60 or PAN Card)
- Salary slips for salaried applicants
- Profit & Loss (P&L) statement for self-employed applicants
- Income documents
- Last 6 months’ bank account statements
- Proof of business for self-employed applicants
- Passport-sized photograph
***This list is indicative. Additional documents may be requested at the time of loan processing.
To apply for a housing loan in Surendranagar, salaried applicants should be between 23 and 67 years** of age and self-employed applicants should be 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.
You can estimate your eligibility on a monthly income of Rs.35,000, using our Home Loan Eligibility Calculator. You need to select the city of residence and date of birth and enter your monthly income and obligation to know the approximate loan amount you can borrow.
With a loan repayment tenor of up to 32 years, you can repay you Home Loan in Surendranagar conveniently.
