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Home Loan Starting 6.70%*

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Home Loan in Vijayawada: Overview

Vijayawada has been in the news recently for all the right reasons. It was India’s 9th-most liveable city and was also among the country’s top 10 cleanest cities in 2020. It is Andhra Pradesh’s second-largest city and the state’s new capital since 2014. A key centre for business and trading, it is home to a thermal power plant and has a strategically important location on the banks of the river Krishna. It is also referred to as Vidyalawada owing to the large presence of some of the country’s best educational institutes.

With a high quality of life and opportunities for growth, Vijayawada is a great city to build your dream home in. For those aspiring to buy a home in the city, the Bajaj Housing Finance provides attractive offers on its home loan in Vijayawada at interest rates as low as 6.70%*. Before you decide to avail it, here is what you need to know.

  • Online account management

    You can stay up to date on the various aspects concerning your home loan in Vijayawada with our online account. It is available 24x7 and can be accessed as per your convenience.

  • Property guide

    Be aware of the legalities and financial aspects concerning your property with our dossier service.

  • Simple documentation

    Applying for a home loan in Vijayawada is hassle-free. All you need to do is submit a few basic documents related to your income and KYC.

  • User friendly calculators

    You can use Bajaj Housing Finance’s handy online Home Loan Eligibility Calculator to check your loan eligibility. You also have access to the EMI Calculator, the Home Loan Prepayment Calculator, and the Balance Transfer Calculator

  • High value top-up

    You can apply for an additional top-up on your home loan in Vijayawada to you meet other major expenses without burdening your finances

  • Easy balance transfer

    If you’re looking to bring down your EMIs, you can transfer your existing home loan to Bajaj Housing Finance. Not only will you get a better interest rate but you will also have the option of availing a large top-up loan

  • Basic eligibility criteria

    In order to qualify for the Bajaj Housing Finance Home Loan in Vijayawada, all you need to do is meet the basic eligibility terms regarding age, years of work experience and stability of income.

  • Comfortable repayment duration

    You can choose to repay your loan over a flexible tenor of up to 30 years, which makes your EMIs easy to manage and facilitates better financial planning.

  • No part-prepayment charges

    Foreclose your loan without having to pay extra charges. You can also opt for part-prepayment facility without incurring any additional fee, allowing you to save more.

  • PMAY

    You can benefit from the Pradhan Mantri Awas Yojana once you meet its eligibility criteria. First-time home buyers can avail an interest subsidy amounting to Rs. 2.67 lakh

Documents Required for Home Loan in Vijayawada

You can apply for a home loan in Vijayawada with a minimum set of documents. You only need to submit the following*:

  • KYC documents (including address and identity proof)
  • Income documents (based on your borrower profile such as salary slips, Form 16, P/L statement, etc.).
  • Bank account statements of the last 6 months
  • Proof of business
  • Passport-sized photograph
  • Property papers such as sale agreement, allotment letter, receipt of payments made to the agent or developer, etc.

*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 Vijayawada

Bajaj Housing Finance has chalked out simple home loan eligibility terms to avail a home loan in Vijayawada. They are:

Eligibility Criteria For Salaried For Self-employed
Nationality Resident Indian Resident Indian
Age 23 to 62 years 25 to 70 years
Work experience/business continuity 3 years or more 5 years or more
Income Employed with a stable source of income Showcase stable revenue from profession or business