L&T Finance Holdings Ltd. (LTFH), one of the country’s major non-banking financial companies, has formed a strategic agreement with Bajaj Markets, one of India’s largest financial marketplaces, to offer Home Loans and Loan Against Property (LAP) on their digital platform. This agreement broadens the range of financial products accessible on Bajaj Markets, supplementing the Company’s existing offerings of personal loans and two-wheeler loans.
The advent of Housing Finance solutions on Bajaj Markets would help individuals looking for home financing options. Borrowers can now examine options such as Home Loan Balance Transfer and Loan Against Property Balance Transfer, allowing them to maximise their financial plans. Borrowers can prolong their repayment duration with LTFH for up to 25 years, with competitive interest rates starting at just 8.60 per cent per year.
Here are some important highlights of LTFH’s newly available loan choices
on Bajaj Markets:
- Interest rates fluctuate.
- There are no prepayment charges for a home loan.
- Home loans can be up to 90 per cent of the property’s worth.
The application process is streamlined and digitised, requiring standard documentation, including identity, address, and income proof. Furthermore, the seamless digital process enables individuals to apply for these loan options conveniently, anytime, and anywhere. Borrowers can explore a wide array of financial services, such as loans, credit cards, insurance, and investment options, on the Bajaj Markets platform, ensuring a comprehensive financial experience.
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Commenting on the partnership, Sanjay Garyali, Chief Executive – Urban Finance at LTFH, said, “Our collaboration with Bajaj Markets is aimed at addressing the critical challenges facing the housing sector. And with this partnership we will be able to offer our housing finance solutions to a wider audience while providing consumers with convenient access to funds. The partnership will further leverage the collective expertise of both the companies and enhance affordability while promoting responsible homeownership.”
