The digital Home Loan has an end-to-end online application process and offers faster processing and convenience to borrowers
July 16, 2020,New Delhi : Bajaj Housing Finance Limited (BHFL), wholly owned subsidiary of Bajaj Finance Limited recently launched E-Home Loan for customers. Through its hassle-free and time-saving application process, Bajaj Housing Finance E-Home Loans are designed to fulfil borrowers’ mortgage needs online, both for new home loan requirements as well as transfer of existing home loans.
Speaking on the launch, spokesperson of Bajaj Housing Finance Ltd said “ Apart from being fully digital, this unique product from the stables of BHFL, offers faster approvals and comes with a host of other additional benefits. The quick approval of home loans assures the loan applicant of a sanctioned loan amount that will be disbursed within a validity period. Not only does this provide clarity of budget but makes the entire process safe, fast and convenient.”
With E-Home loan, Bajaj Housing Finance Limited can issue an online digital sanction letter in just 10 minutes on validation of the loan application (T&C apply). In addition, the customers can avail a flexible loan repayment tenure up to 30 years. The entire application process has been made simple and the customers can avail a home loan by completing 4 simple steps:
- Loan Application: Customers need to fill the online loan application form with (personal/ professional/property) details.
- Offer Generation: On validation of the loan application, the loan offer is generated
- Digital Sanction Letter: Basis the offer, customers are issued Digital Sanction Letter which they can download by paying a nominal fee. The digital sanction letter has a validity of 6 months.
- Loan Disbursal: To avail the loan, customers have to connect with BHFL through the email id or phone number provided in the digital sanction letter within the 6-month validity period.
The features and benefits of the E-Home loan from Bajaj Housing Finance Limited include:
- Faster processing and approval: Borrowers can avail a digital sanction letter in just 10 minutes on applying for an E-Home Loan.
- Hassle-free application process: With its end-to-end online loan application process, customers can apply for an E-Home Loan from the comfort of their homes.
- Easy E-balance transfer facility: Borrowers can easily transfer their existing Home Loan to Bajaj Housing Finance Limited at a lower interest rate with minimal documentation.
- Interest Subsidy under PMAY (T&C apply): Loan applicants 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 facility: Borrowers can part pre-pay their loans.
- Online account management: Borrowers can manage their home loan account through the company’s digital customer portal.
For more details on E-Home Loan from BHFL, click here
About Bajaj Housing Finance Limited
Bajaj Housing Finance Limited (BHFL) is a 100% 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 the 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.
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