Bajaj Housing Finance cuts mortgage rates in new festive offer

NEW DELHI: Bajaj Housing Finance has announced its new festive offer, with home loans starting at 6.65% per annum subject to conditions.

The Housing Finance Company will offer eligible applicants the option to tie the interest rates on their home loans to the Reserve Bank of India pension rate and benefit from any rate reductions by the umbrella body.

To benefit from the offer, candidates must meet certain criteria. The candidate must be either an employee, a doctor, or a chartered accountant. Candidate employees must be employed in a company in the public or private sector, or in a multinational for at least three years. Physicians with an MBBS or above, with a minimum of 3 years post-qualification experience in a hospital or licensed healthcare provider or in their own practice, are also eligible. CAs with a valid practice certificate and 3 years post-qualification may also benefit from this offer.

The applicant must also have a CIBIL score of 800 or higher to take advantage of the offer. The revised interest rate of 6.65% per annum is exclusively reserved for applicants who have an exceptional credit history with a CIBIL score of 800 and above. Those with a good credit score of 750-799 may also qualify for a competitive interest rate, which will only be slightly higher. Applicants should note that their CIBIL score is one of many factors taken into account in assessing eligibility.

The last condition is that they must apply through the official website of the lender by January 26, 2022. Only those who apply through the official Bajaj Housing Finance website from December 28, 2021 to January 26, 2022 and get the loan disbursed by February 25, 2022 are eligible.

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