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Bajaj Housing Finance has announced changes in the interest rates of its products. HFC home loan interest rates for salaried and professional applicants have now been reduced to 7.20 per cent. This is one of the lowest rates available in the market in the home loan segment. According to this interest rate, eligible consumers will have to pay only EMI starting from Rs 679 per lakh.
Bajaj Housing Finance was one of the first HFCs to offer external benchmark linked home loans. Extending its earlier industry-first offering, the company has revised its interest rate for home loans linked to repo rate to 7.30 per cent per annum. This revised interest rate is only for eligible salaried and professional applicants and is one of the lowest rates available in the market.
As per the information given by the company, Bajaj Housing Finance Home Loan up to Rs. 5 crore or more with a repayment tenure of up to 30 years. At the same time, it is also claiming to provide relief to its consumers from hassle-free processing with online application facility to borrowers, minimal documentation and doorstep pick-up service.
There is also good news for the existing customers of the company. Existing home loan customers can also take advantage of the company’s home loan offers by availing the home loan balance transfer facility. Borrowers can get their home loan balance transferred to Bajaj Housing Finance at interest rates starting from 7.35%* p.a. This scheme is for salaried and professional applicants, under this scheme, the borrowers will have to pay an EMI of only Rs 679 per lakh.
Borrowers also get the option of availing a top-up loan of Rs 1 crore* or more, depending on the eligibility, while transferring the home loan as per company norms. This amount comes without any end-use restrictions, this means that you can choose to spend it as per your need. Certain terms and conditions have also been laid down for availing these new interest rates of the company. In such a situation, the borrowers must read these terms and conditions before entering into an agreement.