Bajaj Housing Finance launches a new offering, My EMI. Under this offering, Home Loan applicants can now benefit from choosing an EMI amount suitable for them in the initial period of the tenor.
The key highlights of the scheme are to pay as low as 0.1 percent of the loan amount as EMI, starting at Rs. 4,999, for a period of up to 3 years, or till project completion, whichever comes first. The actual loan EMI commences after this period, enabling borrowers to purchase a property without stretching their finances too thin in the initial period.
Interested applicants can make the most of this scheme by applying either online or offline. As part of their ongoing offer till 5th December, the lender’s home loan interest rates start from 8.20 percent p.a. for salaried and professional applicants. Prospective applicants also benefit from the option to choose to link their interest rate to an external benchmark, i.e., the RBI repo rate.