In a recent development, Bajaj Housing Finance slashed home loan interest rates. This development comes as good news for new home buyers. Bajaj Housing Finance announced this special offer for its customers on the eve of the new year.
As per the terms of the offer interested and eligible home loan applicants will be able to avail of home loans at a very low or minimal rate of interest. These lowered rates of interest start at 6.65%. But this amazing home loan offer comes with its own set of terms and conditions.
These terms and conditions state that in order to avail of this offer the loan applicant must be a salaried employee, physician, or chartered accountant. Especially for wage applicants, they must have worked in a public or private sector entity/ company or on the other hand a multinational company for a definitive minimum period of three years.
As for the physicians that have an MBBS or higher qualifications must compulsory have at least 3 years of on job post-qualification experience with a registered hospital or a registered health care provider/facility or at least 3 years of self-practice is the bare minimum necessary.
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All the Chartered accountants with an official registered practice certificate and at least 3 years of post-qualification experience can also avail of this home loan offer.
What about the credit score?
As per the terms of the home loan offer, the credit score of an eligible home loan applicant should have a credit score of above 750. In terms of the CIBIL score, The eligible applicants’ CIBIL score should be 800 or higher.
With these conditions fulfilled, the eligible applicants can exclusively get home loans at a lucrative interest rate of 6.65%. Even the applicant with a good credit score of 750 to 799 is said to likely avail of this offer of lower interest rates.