Bajaj Housing Finance Home Loan

Even if you are capable of buying a home using your own fund, you may still want to avail a home loan facility to save on taxes. You can thus invest your funds to earn an attractive return. Apart from this, there are several other benefits of availing a home loan such as due diligence of property by bank, liquidity benefits, etc.

Yes, borrowers can attempt to negotiate a shorter repayment tenure with the approval of the lender. This will result in increased monthly installments and decreased interest outgo. To increase the EMI amount, the borrower needs to submit adequate data on income and credit score which will be verified to ensure their risk position while availing of another loan from the Bank. However, BHFL might ask in lieu of this proof an additional charge for processing higher than the stipulated monthly installment.

Partial pre-payment is one of the convenient facilities offered by the Bajaj Group. The scheme will allow you to pay off your loan amount before the maturity date without making any change in the maturity date of the loan and without any prepayment charges. You can also do this through the foreclosure procedure.

The more the CIBIL scores the more chances of loan approval. Whereas the minimum CIBIL score requirement for Home Loan at Bajaj Housing Finance is 750.

No, it is not mandatory to have a co-applicant for applying for a home loan. But having a co-applicant can certainly increase your chances of home loan approvals.