Bajaj Finserv offers Hybrid Flexi Loan Option

Bajaj Finserv is offering home loan with a hybrid flexi loan option. Hybrid flexi loan offers a flexibility to pay interest as EMI on a home loan for the initial years.

The home loan borrowers will be able to manage their finances better with the advantage of not paying the principal amount upto four years. After a span of four years, the customer will have to pay the principal amount as well as interest on the amount utilised.

Hybrid Flexi loan option lets you save on monthly installments for the initial tenure of the home loan. It can be availed by customers below 50 years for home loans of any value. So, if you are planning to invest in a ready-to-occupy property or to re-finance existing home loan with flexible tenure upto 25 years, Bajaj Finserv with its hybrid flexi home loan option is seemingly the best option. In addition to flexibility of interest payments, bajaj finserv home loan also offers loan amount exclusively for furnishings and fixtures of home.

The borrowers of the home loan can make repayments using dropline repayment schedule. Make partial payments or withdraw or forclose your loan amount by making prepayment of the entire amount raised without any additional charges or any pre-payment penalties.

Let’s understand this better with an example-

If you have raised a home loan of Rs. 50 lakhs for a period of 20 years under Hybrid Flexi Loan Option then,

Pay only interest as EMIs (no principal) for the first 4 years under Hybrid Flexi loan facility availed for a loan amount of Rs. 50,00,000 for a tenure of 20 years. Loan limit will start at Rs. 50,00,000 even if Rs. 10,00,000 is availed during the principal moratorium period out of Rs. 50 lakh loan limit in the first 4 years. From the fifth year onwards, the repayment schedule converts into a flexi-term loan for the balance 16 years. The withdrawal limit gets reduced each month till the approved loan amount reduces to zero at the end of the loan tenure.

Bajaj Finance Limited, a part of Bajaj Finserv group, is an NBFC that caters to more than 21 million customers across the country with its Consumer Durable Loans, Lifestyle finance, Bajaj Finserv Personal loan, Loan Against Property, Small Business Loans, Home Loans, Credit cards, Two-wheeler Loans, Construction Equipment Loans, Loan Against Securities and Rural finance which includes Gold Loans and Vehicle Re-financing Loans.

Bajaj Finserv Offers Home Loan At 8.35% Till 18th December 2017

Bajaj Finserv have already decided to make your new year a happy one and Now when the year is round the corner, bajaj finserv has decided to lower the home loan interest rates. Borrowers can get home loan for their dream home at low rate of interest. Bajaj Finserv is further extending this exciting proposition customers seeking the transfer their existing home loan balance.

However, it is a limited period offer through which all the new and old customers can avail Bajaj Finserv home loan.

This limited period offer was also offered before which was valid till 4^th September 2017 and now the company have decided to once again lower the interest rate.

Customers availing home loan balance transfer are also eligible to for a top up loan up to Rs. 50 lacs. The top-up amount can be used for various purposes like new home décor and improvement, wedding or holiday expenses, or second home investment through a very simple process.

Customers seeking home loan balance transfer of Rs. 30 lacs and above without top-up loan, can avail the loan at a special interest rate of 8.40%.

Bajaj Finserv Home Loan can be availed at the most competitive home loan rates with feasible loan repayment option, less processing fees and lots more. Check your home loan eligibility today by using Home Loan Eligibility Calculator and get the best deals with instant loan disbursal.

Loans by bajaj finserv can be availed by Indian resident in less period of time and low processing fees. Bajaj finserv never levy any hidden charges and loan disbursal procedure is completed with utmost customer satisfaction. So, if you are someone who wants to avail home loan at it’s best then Bajaj Finserv can be there on your hit list.

More About Bajaj Finserv

Bajaj Finserv require less documents along with top up facility at minimal rate of interest.

Refinance facility with part prepayment can be availed by the customer. Any self employed individual or salaried individual can apply for home loan from Bajaj Finserv.

For the ease of the home buyers, Bajaj Finserv have got 600+ pre-approved properties.