Bajaj Housing Finance Expands Home Loan Tenure To 40 Years For New Buyers
Bajaj Housing Finance has recently extended the maximum home loan tenure to 40 years for salaried applicants who are new home buyers.
This extension from the previous limit of 30 years allows borrowers to benefit from lower equated monthly installments (EMI), with payments starting at just Rs 733 per lakh.
Notably, the revised tenor capping by Bajaj Housing Finance is dependent on the age of the applicant at the time of application.
The eligibility criteria specify an age range of 23 to 75 years, with the upper limit of 75 years applicable at the time of loan maturity.
Bajaj Housing Finance offers home loans starting from 8.50 per cent per annum, catering to the needs of salaried individuals and professionals.
