Get Your Home Loan with ‘My EMI’
The Bajaj Housing Finance ‘My EMI’ offering allows prospective borrowers to purchase a property by paying only a part of their interest for the initial period of their Home Loan tenor.
By opting for the ‘My EMI’ offering, eligible borrowers can pay as low as 0.1%* of their Home Loan amount as the EMI, starting at Rs.4,999*, for a period extending up to 3 years, or till project completion – whichever comes first. Borrowers begin paying their actual Home Loan EMI after this period.
The ‘My EMI’ offering is specially tailored to help prospective borrowers looking to buy an under-construction property – since it can often burden one’s finances to pay a Home Loan EMI as well as rent until project completion.
Interested borrowers should note that the policy specifics also depend on the project they are considering. Terms can vary from project to project.
Benefits of Borrowing a Home Loan with ‘My EMI’
Combined with the ‘My EMI’ offering, the Bajaj Housing Finance Home Loan becomes an attractive funding option for aspiring homeowners. Here are some of the benefits you can make the most of when availing of our Home Loans with the My EMI offering.
‘My EMI’ starting at Rs.4,999*
Eligible Home Loan applicants can enjoy a relaxed repayment schedule with the help of flexi-payment plans such as My EMI, allowing them to repay their Home Loan amount at ease.
Sizeable Sanction
Home Loan applicants can stand to get a sanction as high as Rs.5 Cr* or higher, basis eligibility. This can help homebuyers buy the property they want, without budget being a constraint.
External Benchmark Linked Loans
Borrowers also have the option to link their Home Loan interest rate to an external benchmark, i.e. the RBI Repo Rate, so they stand to benefit from transparency in the rate setting mechanism.
Competitive Interest Rates
Bajaj Housing Finance offers competitive Home Loan interest rates to simplify the process of Home Loan repayment even further. We offer interest rates starting at 8.50%* p.a. for salaried applicants.
Eligibility Criteria for a Home Loan with ‘My EMI’
To avail of our competitive terms, applicants should ensure that they meet our basic eligibility parameters.
| Eligibility Parameters | For Salaried Applicants | For Self-Employed Applicants |
|---|---|---|
| Nationality | Indian (including NRI) | Indian (resident) |
| Employment | Minimum 3 years of work experience in a public or private sector company, or an MNC | Minimum 5 years of vintage in the current enterprise |
| Age | 23 to 75 years** | 25 to 70 years** |
| Place of Residence | Must reside in one of the cities we operate in | Must reside in one of the cities we operate in |
**Note: 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.
Documents Required for a Home Loan with ‘My EMI’
For a smooth and hassle-free Home Loan approval, applicants should ensure that they have the following documents in order.
Personal
KYC documents – Photo ID (Aadhaar Card, Voter ID, Driving Licence, etc.), residential proof (utility bills, Ration Card, Passbook, etc.)
Qualification
Education certificates – MBBS and above (self-employed professionals – doctors), valid COP (self-employed professionals – CAs), etc.
Income
Salary slips – 3 months (salaried applicants, salaried professional applicants), proof of business (self-employed professional, non-professional applicants), etc.
Financial
Bank account statement – 6 months, ITR, P&L statement (self-employed professional, non-professional applicants), etc.
Property related
Title deed, property tax receipts, allotment letter, etc.
Mandatory
Mandatory documents- PAN Card, Form 60.
Note: This list of documents is indicative and can vary depending on your case. You may be requested to submit additional documents.
Application Process for a Home Loan with ‘My EMI’
Everything about the Bajaj Housing Finance Home Loan and its subsequent offerings are targeted towards ensuring ease of operation for the borrower. You can apply for a Home Loan through the following steps:
- Visit our online Home Loan form
- Fill in your basic details, including your name, contact number, Home Loan type, financial and employment details, and the required loan amount
- Proceed to generate the OTP and submit
- Clarify if you have already identified a property, and submit the form by entering your PAN details
Once you’ve submitted the form, you can sit back and expect to receive a call from our representative within 24 hours*.
*Terms and conditions apply.
