Business

Home loan digital sanction letter in 10 minutes with Bajaj Housing Finance Limited

ANI | February 16, 2021 04:07 PM
Bajaj Housing Finance Limited

Pune (Maharashtra) [India], February 16 (ANI/NewsVoir): Bajaj Housing Finance Limited (BHFL), a subsidiary of Bajaj Finance Limited, has recently announced a revision in the approval time for home loans across the board. Customers can now receive a digital sanction letter for an e-home loan within just 10 minutes*.

This will help expedite the process of locking in on a property for aspiring homeowners. Borrowers can save time and complete the process over a shorter duration. With BHFL's high-value home loan of up to Rs 3.5 crore at rates starting 6.9 per cent p.a.*, and instant processing in 10 minutes*, borrowers can streamline the entire home-buying procedure. The digital sanction letter stands valid for 180 days.

The following are a few benefits of an instant housing loan digital sanction letter from Bajaj Housing Finance Limited.

Obtain early bird discount on a home purchase

Aspiring homeowners can cut short the burden of buying a property with the Bajaj Housing Finance home loan. Real estate projects are completed in multiple stages and often marketed accordingly, referred to as a soft launch. In some cases, developers provide early-bird discounts to individuals investing in those initial phases, and a sanction letter in 10 minutes* enables customers to cash in on the same.

The minimum hassle with quick e-home loan

Buying a house can be a time-consuming process but receiving the sanction for a home loan instantly allays a customer's stress significantly. When the worries of approval are out of the way, prospective homeowners can focus on the other details, like moving and packing, buying new furniture, and completing property-acquisition formalities, among others.

Plan repayment with more time in hand

A digital sanction letter contains various details concerning the loan, including the total amount sanctioned, e-home loan interest rates, tenor, and associated terms and conditions.

Receiving the sanction letter for a BHFL housing loan in just 10 minutes* provides a customer more time to plan how to manage repayments.

Simplify the home loan documentation process

Once the customer receives the sanction letter, he/she only needs to complete a few necessary formalities to conclude the process. Thus, applicants will find that an instant digital sanction letter simplifies the process of taking a loan since all the necessary documents are collected during the application of an e-home loan.

In that context, taking note of the eligibility criteria for a home loan with Bajaj Housing Finance Limited is necessary. Here is a list of documents that customers need to submit

Documents Required

* Scanned copies of Officially Valid Documents for KYC like Aadhaar card, PAN card, Voter's ID card, driving license, or passport

* Salary slips of the past few months or latest Form 16 (for salaried individuals)

* Latest savings account statements

* Business vintage proof of a minimum of 5 years (for self-employed individuals)

Pre-approved offers for faster disbursal

Bajaj Housing Finance Limited also extends pre-approved offers to customers alongside a quick digital sanction letter. Since these are pre-approved, an applicant only needs to submit property papers for fund disbursal. One can leverage their pre-approved offer on a housing loan to negotiate for better terms on their purchases.

Once individuals know the sum they are eligible to borrow, it can help them zero in on their search for a home. A pre-approved offer also provides an idea of the down payment a borrower needs to incur. With this offer in tow, availing of a home loan is now more streamlined than ever.

Bajaj Housing Finance Limited (BHFL) is a 100 per cent subsidiary of Bajaj Finance Limited - one of the most diversified NBFCs in the country with 19 product lines across consumer, commercial and SME finance catering to more than 38.6 million customers across the country. Headquartered in Pune, Bajaj Housing Finance Limited offers finance to individuals as well as corporate entities for purchase, construction and renovation of homes or commercial spaces. It also provides loan against property for business or personal needs as well as offers working capital for business expansion purposes. It also offers finance to builders and developers engaged in the construction of homes. The company enjoys highest long-term credit rating of AAA (Stable) by CRISIL and IND AAA (Stable) by India Ratings and highest short-term credit rating of CRISIL A1+ by CRISIL and IND A1+ by India Ratings.

*Terms and conditions apply.

To know more: www.bajajhousingfinance.in.

This story is provided by NewsVoir. ANI will not be responsible in any way for the content of this article. (ANI/NewsVoir)

Have something to say? Post your comment
Must Read
Night curfew in Jalandhar from Saturday amid surge in COVID-19 cases
Night curfew in Jalandhar from Saturday amid surge in COVID-19 cases
With promise of `Kaamyab & Khushal Punjab’, Capt Amarinder sets tone for future agenda
With promise of `Kaamyab & Khushal Punjab’, Capt Amarinder sets tone for future agenda
Punjab CM says Covid curbs to continue with measures to ensure minimum, if any, loss of livelihood
Punjab CM says Covid curbs to continue with measures to ensure minimum, if any, loss of livelihood
Punjab: Retired government officer promotes organic farming, direct marketing
Punjab: Retired government officer promotes organic farming, direct marketing
Agri-tech company Harvesting launches online commerce platform for farmers
Agri-tech company Harvesting launches online commerce platform for farmers
Fuel price hike: SAD MLAs ride to Punjab Assembly on bullock carts
Fuel price hike: SAD MLAs ride to Punjab Assembly on bullock carts
Fuel price hike results in increased sale of e-vehicles
Fuel price hike results in increased sale of e-vehicles
Cabinet gives approval to provide jobs to family members/heirs of 34 deceased of Amritsar rail tragedy
Cabinet gives approval to provide jobs to family members/heirs of 34 deceased of Amritsar rail tragedy
Punjab Cabinet okays to transfer 507 vacant posts of RMOs along with other para-medical and class-IV of the Subsidiary Health Centres from Rural Development to Health Department
Punjab Cabinet okays to transfer 507 vacant posts of RMOs along with other para-medical and class-IV of the Subsidiary Health Centres from Rural Development to Health Department
Hoshiarpur Police to get tough against violations of COVID Norms
Hoshiarpur Police to get tough against violations of COVID Norms
On PM-Kisan's 2nd anniversary, PM Modi says govt doing everything possible to double farmers' income
On PM-Kisan's 2nd anniversary, PM Modi says govt doing everything possible to double farmers' income
Punjab CM virtually launches Rs 1087 crores development projects under Smart City and AMRUT schemes
Punjab CM virtually launches Rs 1087 crores development projects under Smart City and AMRUT schemes