Home Loan for Women

The number of women opting for a home loan in India has increased in recent years as per a report from CRIF High Mark. Lower interest rates, tax benefits, and better loan terms are some factors that have contributed to this increase. Also, builders and developers usually offer 1% - 2% lower stamp duty charges to female homebuyers. Do you wish to buy your dream home and enjoy these benefits as well? Consider purchasing the property with a home loan available on Bajaj Markets. Here is all you need to know.

*Disclaimer: The mentioned details are subject to change at the lender’s discretion.

Here are some common criteria that you may be required to fulfil in order to be eligible for a home loan:

• Your age should be between 18 and 70 years

• You should be an Indian national, non-resident Indian (NRI), or person of Indian origin (PIO)

• You should be either salaried or self-employed

• You should have an annual income as determined by the lender

• You should have a permanent residential address or live on a rental basis in the same property for at least 1 year

• You should have a CIBIL Score of 750 or above

Alongside these, you may have to submit the following documents:

• ID proof: Any one of the following

  • PAN card

  • Aadhaar card

  • Voter ID

  • Driving licence

  • Passport

• Address proof: Any one of the following

  • Aadhaar card

  • Utility bills

  • Ration card

  • Passport

• Income proof:

  • If salaried - Salary slips and bank account statements

  • If self-employed - Bank account statements, latest ITR filings, and business financial statements
    

Alongside the mentioned paperwork, you may also have to submit some property-related documents. The requirements can differ from one lender to another. Remember to check the required documents and eligibility criteria before applying.