Bajaj Markets takes another significant step in empowering homebuyers by introducing L&T Finance Home Loan and Loan Against Property on its digital platform. This adds to the range of financial products by L&T Finance, like personal loans and two-wheeler loans, already available on Bajaj Markets.
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Home loans from L&T Finance now available on Bajaj Markets
Individuals can also opt for a home loan balance transfer or loan against property balance transfer offered by L&T Finance on Bajaj Markets. Borrowers can extend the repayment tenure of their existing loan up to 300 months and enjoy lower interest rates starting from just 8.65% p.a.
Here are some key details of these new loan options from L&T Finance available on Bajaj Markets, that borrowers should know about:
| Loan | Amount | Interest Rate | Tenure |
| Home Loan | Rs. 7.5 Crores | 8.60% p.a. | 300 months |
| Loan Against Property | Rs. 7.5 Crores | 9.60% p.a. | 180 months |
| Home Loan Balance Transfer | Rs. 7.5 Crores | 8.65% p.a. | 300 months |
| Loan Against Property Balance Transfer | Rs. 5 Crores | 9.65% p.a. | 240 months |
*Disclaimer: The aforementioned rates are subject to change at the lender’s discretion.
The processing fee of these loans can go up to 3% of the borrowed amount. If the borrower wishes to make prepayments, they will be liable to pay charges ranging between 2% and 3%. They can also opt for foreclosure if required, but will be asked to pay an additional fee for using this facility as well.
The application process is streamlined, requiring standard documentation such as identity, address, and income proofs. Furthermore, the completely digital process enables individuals to apply for these loan options anytime, anywhere. Alongside this, they can also check other loan offers, credit cards, insurance policies, and investment options on Bajaj Markets. These and other financial services can be accessed easily through the Bajaj Markets website or app.
