Business News | Bajaj Housing Finance Announces Change in Home Loan Interest Rate; Offers one of the most competitive rates starting at 7.20%* per year

Pune (Maharashtra) [India]June 22 (ANI/NewsSee): Bajaj Housing Finance announces a change in interest rates for its products.

The company’s home loan interest rates now start at 7.20%* per annum for salaried and professional applicants – one of the most competitive in the market today. Eligible borrowers can pay EMIs from just Rs 679/Lakh*.

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Bajaj Housing Finance was among the first HFCs to offer external benchmark-linked housing loans. Extending its industry-first offering, the Company has revised its interest rate for repo-linked home loans to 7.30%* per annum for eligible salaried and professional applicants, which is among the lowest which we can currently benefit from.

Bajaj Housing Finance home loan offers substantial finance up to Rs 5 Cr. * or more, basic eligibility, with a repayment term of up to 30 years. Borrowers also enjoy hassle-free processing with an online application feature, minimal documentation, and door-to-door pickup service.

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Those with an existing home loan can also make the most of the company’s home loan offers by taking advantage of a home loan balance transfer.

Borrowers can transfer their home loan balance to Bajaj Housing Finance for interest rates starting at 7.35%* per annum for salaried and professional applicants, with EMIs at just Rs 689/Lakh*.

When transferring their home loan, borrowers also have the option of benefiting from an additional loan of Rs 1 Cr. * or higher, basic eligibility. The amount is not subject to any end use restrictions i.e. one can choose to spend it as he sees fit.

*Terms and conditions of application.

Bajaj Housing Finance Limited is a wholly owned subsidiary of Bajaj Finance Limited, one of the most diversified NBFCs in the Indian market, serving over 57 million customers across the country.

Based in Pune, Bajaj Housing Finance Limited offers finance to individuals as well as businesses for the purchase and renovation of houses or commercial spaces. It also provides loans on property for business or personal needs as well as working capital for business expansion purposes.

The Company also provides financing to developers engaged in the construction of residential and commercial properties as well as rent rebates to developers and high net worth individuals. Bajaj Housing Finance Limited enjoys the highest credit ratings from CRISIL as well as India Ratings.

The Company is rated AAA/Stable for its long-term debt program and A1+ for its short-term debt program by CRISIL and India Ratings.

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