Most home buyers will agree that getting a home loan is a time consuming and tedious process. But, with Bajaj Housing Finance Limited E-Home Loan, borrowers can avoid undergoing the process of heaps of paperwork and can simply get their digital sanction letter within 10 minutes of applying. This letter is valid for 6 months. A home loan sanction amount is usually based on financial and collateral eligibility. In Balance Transfer (BT) and Non-Balance Transfer (NBT), eligibility is based on collateral (LTV is function of loan eligibility) and financial eligibility (FOIR etc). Learn more about this E-Home here:
To experience the fully digital application process for E-Home Loan borrowers need to follow the following simple steps:
- Visit the Bajaj Housing Finance Limited website and fill out their details on the online loan application form and submit the form.
- After submitting the form online, a loan offer is generated. This helps the borrower know his/her loan eligibility without having to visit any branch.
- Loan applicants can simply download a Digital Sanction Letter by paying a nominal fee. This sanction letter comes with a validity of 6 months (*T&C apply).
- To apply and avail the loan, borrowers can connect with BHFL on the email id or phone number provided by the lender in the digital sanction letter within the 6-month validity period.
Apart from its easy online application process, the E-Home loan from Bajaj Housing Finance Limited offers borrowers a host of other benefits. These include:
- Digital Sanction letter in 10 minutes: With its faster application processing and approval process, BHFL provides loan applicants with a digital sanction letter in just 10 minutes on applying for an E-Home Loan.
- Online application process: Borrowers can experience a hassle-free loan application process with BHFL’s digital E-Home Loan application from the comfort of their homes.
- Easy E-balance transfer facility: Borrowers can reduce their home loan EMIs by easily transferring their existing Home Loan to BHFL at a lower interest rate with minimal documentation.
- Interest Subsidy under PMAY (T&C apply): Borrowers can avail a subsidy of up to 6.5% on the interest rate on their home loan when they apply through the Pradhan Mantri Awas Yojana.
- Online part pre-payment: For individual buyers, no charges on part pre-payment or foreclosure of their home loans.
- Manage their account online: Borrowers can manage their home loan account through the company’s digital customer portal, where they can access their loan details from anywhere, any time.
For a speedy loan application process, borrowers can click here to apply for an E-Home Loan from BHFL.
*BHFL right and terms and conditions are applicable.
