3 EMI free Months Home Loan Scheme by Bajaj Finserv
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.
Illustration:
| Particulars | In normal Scheme | In EMI Holiday Scheme |
| Home Loan amount | 10,000,000 | 10,000,000 |
| EMI Holiday offered | – | 3 |
| Revised Tenor | 240 | 237 |
| EMI | 99,167 | 102,154 |
Home Loan applications received for rupees ₹ 419,027 crores till 19 April 2024
For more details on Home loans of Bajaj Finance: Click Here
