Now get a home loan sanctioned in 10 minutes from Bajaj Finance

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Pune: Bajaj Housing Finance Limited (BHFL), a subsidiary of Bajaj Finance Limited, 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%, 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.

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 & 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 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 a home loan is now more streamlined than ever.