Bajaj Housing Finance cuts mortgage interest rates to 6.65%, offer valid until January 26


Bajaj Housing Finance Limited, a wholly owned subsidiary of Bajaj Finance Limited, has announced a new festive offer, with home loans starting from 6.65%.

To benefit from the offer, candidates must meet the criteria below:

1. Must be either a salaried employee, a doctor or a CA

The salaried candidates must be employed by a company in the public or private sector, or a multinational, with a minimum of 3 years of professional experience. Physicians with an MBBS or above, with a minimum of 3 years post-qualification experience in a hospital or licensed healthcare provider or in their own practice, are also eligible. CAs with a valid certificate of practice and 3 years post-qualification may also benefit from the offer, the company said.

2. Must have a CIBIL score of 800 or higher

The revised interest rate of 6.65% is exclusively reserved for applicants who have an exceptional credit history with a CIBIL score of 800 and above. Those with a good credit score of 750-799 may also qualify for a competitive interest rate, which would only be slightly higher. Applicants should note that their CIBIL score is one of many factors taken into account in assessing eligibility, the lender said.

3. Should apply through the lender’s official website by January 26, 2022

Only those who apply through the official Bajaj Housing Finance website until January 26, 2022 and get the loans disbursed until February 25, 2022 are eligible.

Main features of Bajaj Housing Finance mortgage loan:

  • Eligible borrowers can avail large loans of Rs 5 crore or even more
  • Borrowers with an existing home loan can transfer the balance amount to Bajaj Housing Finance and take advantage of the festive offer, as well as a large additional loan of Rs 1 crore or more.
  • Borrowers can benefit from home loans linked to external benchmarks, which allow them to link their floating interest rates to an external benchmark, such as the RBI repo rate.
  • Borrowers can also benefit from flexible repayment options, with the option to choose a repayment term of up to 30 years
  • People eligible for the PMAY scheme can benefit from interest subsidies of up to 6.50 percent
  • Individual borrowers with variable rate home loans have the option to prepay or foreclose on their loan at no additional cost
  • Customers can also benefit from their online customer portal, which allows them to download SOAs, pay missed advances / EMIs, and review their repayment schedule.
  • Borrowers can benefit from the most advantageous conditions on more than 5,000 approved projects
  • (Edited by : Anshul)

    First publication: STI


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