3 EMI Holiday Scheme: under this scheme from Bajaj Finance you can get “3 EMI Free Months”, When you take a loan from bajaj finance, you have the option to start paying EMI’s after 3 Months.
Under 3 EMI Holiday Scheme, Loan amount would be increased to tune of interest accrued but nor due for the first 3 months. The revised loan amount (original loan amount plus the interest capitalised for the first 3 months) would be amortised over the balance tenure of loan. For example:
This scheme would ensure our customers are comfortable during the first 3 months post the property transaction.
|Particulars||In normal Scheme||In EMI Holiday Scheme|
|Home Loan amount||10,000,000||10,000,000|
|EMI Holiday offered||–||3|
Home Loan applications received for rupees ₹ 419,027 crores till 02 December 2020
For more details on Home loans of Bajaj Finance: Click Here