INTRODUCTION
Rajasthan – a state widely popular for its high cultural ethnic values and various types of landscapes – is also becoming one of the most preferred areas to invest in commercial real estate. For those willing to buy a house or seeking a home loan for investment in buying property in Rajasthan these information are of immense help. Here therefore, is a step by step guide that you can follow when going through the whole process.
BENEFITS OF HOME LOANS RAJASTHAN
- Flexible Repayment
Being a long term loan product which has a tenor of up to 40 years, you can afford to pay the Home Loan in reasonable monthly installments.
- Speedy Process
It is simple to apply for a Home Loan with us by providing less number of documents. The form is quite simple and fast and a disbursal is done within 48 Hours* of approval and document confirmation.
- Easy Balance Transfer Facility
Avail the Home Loan Balance transfer of your existing home loan to Bajaj Housing Finance with the following steps which make your loan repayment affordable. Others are Top-up Loans that is available at a reasonable interest rate.
- There will be no fee for Part-Prepayment or Foreclosure.
Prepay Your Home Loan before time, either in part or full, without incurring any extra cost. Note: Applicable only to those customers availing floating rates of interest on our Home Loans.
- Minimal Eligibility Terms
Basic conditions for obtaining a Home Loan and get the money soon. We have very little requirements when it comes to eligibility and these are very easy to fulfill.
- Online Account Management
You can view information about to your dues, interest rates, and many more on the online customer portal. The interface of the portal is simple and easy to use and the perception from the client’s standpoint is good.
- User-Friendly Digital Calculators
To verify your eligibility, you may use the eligibility calculator which is also available in the official website. You can also choose what period you want to repay the loan and to estimate your monthly payment to use a convenient online tool, EMIs calculator.
Options for Loans / Banks / NBFCs
| Banks / Nbfc | R.O.I | Processing fees | Loan Amount | Cibil score | Apply |
| HDFC Bank Home Loans | 8.45% – 10% (Reducing Per Annumn) | 0.5% – 1% | 5.00 Lacs and above | 650 or above | https://referloan.in/loans/hdfc-bank-home-loan |
| Bajaj Housing Finance Home Loan | 8.45% – 10% (Reducing Per Annumn) | 0.2% – 0.5% | 5.00 Lacs – 75.00 cr | 650 or above | https://referloan.in/home-loan/bajaj-housing-finance |
| PNB Housing Home Loan | 8.75% – 14% (Reducing Per Annumn) | 0.25% – 0.5% | 5.00 Lacs – 20.00 cr | 625 or above | https://referloan.in/loans/pnb-hfl-loan-home-loan |
| Mahindra Finance Home Loan | 9% – 15% (Reducing Per Annumn) | 1% – 3% | 3.00 Lacs – 75.00 Lacs | 650 or above | https://referloan.in/loans/mahindra-finance-home-loan |
| Capri Global Bank Home Loan | 9.5% – 15% (Reducing Per Annumn) | 1.25% – 1.5% | 10.00 Lacs – 1.50 cr | 650 or above |
General Eligibility and Document Required for This Type of Loan
Eligibility
- Age: 21 to 65 years
- Income: Steady income which will sustain secured and regular repayments for the money which has been borrowed.
- Credit Score: Twelve good credit scores for instance range from 750 and above.
- Employment: Established employment record for the salaried or regular monthly income for those with a paid job or a prosperous business for business-minded persons.
Documents Required:
- Proof of Identity: PAN card, Aadhaar card.
- Address Proof: any utility bill or rent agreement.
- Business Proof: Registration certificate, the business license.
- Bank Statements, Income Tax Returns, and Profit & Loss
How Referloan Can Help
ReferLoan is among the rapidly advancing businesses of the Indian nation. It serves all sorts of financial needs through banking and non-banking segments where it interconnects the clients as per the need.
This is how ReferLoan can help!
- Competitive Interest Rates: Referloan houses some of the best home loans products with affordable interest rates as low as 8%.
- Minimal Documentation: The process is not documented much hence makes it easier and faster one to apply.
- Quick Approvals: Receive fast approvals of the loans, which means that you won’t be bogged down by cumbersome procedures as you go for your home purchase.
- Flexible EMIs: They offer standard and flexible EMI options that can be adjusted according to the customer’s financial ability.
- Wide Range of Lenders: Referloan works with many lenders and thus it provides you with a many of opportunities
Frequently Questions
- Which cities of Rajasthan are preferred in case of home loans?
Jaipur, Udaipur, Jodhpur, Kota and Ajmer cities are among the most preferred destinations for homebuyers in Rajasthan which are looking for home loans given increasing housing segment and infrastructural expansion in the state.
- What is the home loan amount I can obtain I living in Rajasthan?
The amount of loan authorised can be determined by the borrower’s income, credit history and the value of the property. In most cases, the lenders fund about 80-90% of the property’s market value in the hope of getting their money back plus the interest.
- At what interest rates do home loans are offered to people in Rajasthan?
The interest rates for home loans mostly fall between 7% to 10%, up to the type of home loan, the sum of money you are borrowing from the lending firm, and your standings with your credit report.
- What is the maximum loan period available to the customers in Rajasthan?
The tenure of home loans in Rajasthan is as short as five years or as long as thirty years depending with the ease of Installment of the borrower.