BFL offers loans to all the applicants. However, the applicants must match the eligibility criteria specified by the organization. These criterion vary with the different business profile of the individual.
In Case of Salaried Individuals:
The applicant should be an Indian Resident with an age group lying between 28 to 70 years of age. The minimum years of experience in his current business should be at least 5 years. The minimum loan amount is 30 lakhs and maximum is 15 crores.
In Case of Firms and Companies: Indian Resident with an age group lying between 28 to 70 years of age. The minimum years of experience in his current business should be at least 5 years. The minimum loan amount is 30 lakhs and maximum is 15 crores.
|City Of Residence||Minimum Income (per month)|
|Delhi, Faridabad, Ghaziabad, Gurgaon, Mumbai, Noida, Thane||60000|
|Ahmedabad, Aurangabad, Baroda, Bhubaneswar, Chandigarh, Cochin, Coimbatore, Indore,
Jaipur, Kolkata, Madurai, Mysore, Nagpur, Nasik, Surat, Trivandrum, Vijayawada, Vizag
In Case of A self-employed individual is eligible for a loan with the bank, If He/She are an:
You should be an Indian resident. You are between 25-62 years of age. You are a salaried individual with a work experience of 3 years or more. The minimum loan amount is Rs.30 lakhs and maximum Rs.10 crores. The eligibility of the applicant depends upon the income and city of residence.
Apart from this, you can also use Bajaj Home Loan Eligibility Calculator, which will help you calculate loan eligibility and allows you to understand loan repayment structure. It will also display the amount of interest that you have to pay during the loan tenure.