In Industry First Bajaj Housing Finance Extends Home Loan Tenure to 40 Yrs
Bajaj Housing Finance, a subsidiary of Bajaj Finance and part of Bajaj Finserv, said it has extended its maximum home loan tenor to 40 years from 30 years for salaried applicants who are new home buyers. The industry-first initiative enables homebuyers to opt for a flexible repayment tenor that is most convenient to them. With the change in the tenor, Bajaj Housing Finance now offers among the most competitive home loans in the market, with one of the lowest EMIs – starting at just Rs. 733/lakh. The move is in line with Bajaj Housing Finance’s focus on customer centricity and enabling millions to access home finance in a simple and convenient manner. Bajaj Housing Finance’s revised tenor capping is subject to the applicant’s age at the time of application. The eligibility criterion for age with Bajaj Housing Finance is 23 to 75 years – with 75 years as the upper limit for age at the time of loan maturity. Bajaj Housing Finance Home Loans start at only 8.50% p.a. for salaried individuals and professionals – with prospective borrowers enjoying the option to link their interest rate with an external benchmark, i.e., the repo rate. Interested applicants can apply online or by walking into any of the lender’s branches.
Tags : Bajaj Housing Finance subsidiary Bajaj Finance Bajaj Finserv home loan salaried applicants home buyers industry finance