Salaried to get home loans from Bajaj Finserv
Bajaj Finserv Lending, the financing arm of Bajaj group, will be offering home loans to salaried individuals beginning October this year. At present, the company gives loans to only self-employed individuals.
Presently, about 75-80 per cent of home loan portfolio is catering to salaried individuals. Home finance companies (banks and non-banking finance companies such as Bajaj Finserv) charge higher interest on loans to self-employed individuals.
Bajaj Finserv Lending also launched hybrid loan product called Flexi-Saver for its existing premium customers on their existing loans. The product offers flexibility to prepay and withdraw on the term loan account as per the cash requirements of the customers through an online platform. The minimum ticket size for this product is Rs 1 crore with no limit on the number of transactions in a day.
To read more real estate news:
Home loan enquiries up over 18 per cent: CIBIL
Source: Finance Chronicle
