Fast Track Your Home Loan: Get an Instant Digital Home Loan Sanction Letter with Bajaj Housing Finance

Published: 24th March 2021 06:00 PM  |   Last Updated: 30th March 2021 03:56 PM   |  A+A-

Applying for a home loan has long been tedious, but FinTech advancements are rapidly transforming how we apply and avail of these loans. Of all the steps in the loan application process, getting the sanction letter is the most crucial as it finalizes the maximum loan amount and other key details. Technology has shortened this step quite a bit; for instance, Bajaj Housing Finance Limited accelerates the first few steps of the e-home loan acquisition process, allowing you to get an instant digital home loan sanction letter.

What is a digital sanction letter for a home loan?

As the name suggests, a digital sanction letter is the initial approval document provided in e-home loan applications. It is issued before the final home loan agreement and carries essential home loan terms, such as the loan amount, interest rate, and tenor, which are decided on the basis of your home loan eligibility. The letter shortens the loan application process; for instance, with the Bajaj Housing Finance E-Home Loan, you can download your digital sanction letter instantly. Moreover, the letter is valid for 180 days.

What does the digital sanction letter contain?

The digital sanction letter contains key home loan parameters and terms, which help fast track the home buying process. The digital sanction letter from Bajaj Housing Finance Limited contains basic details, such as the application number, sanction date, applicant name, and applicant mobile number.

Important home loan details are also listed there in.

  • Loan type
  • Sanction amount
  • Home loan interest rateLoan tenor
  • Processing fee
  • Origination fee
  • Sanction letter validity

Other standout features and benefits are also available in the letter.

  • Online prepayment facility
  • Payment of top-up loan and home loan with 1 EMI

You also have a list of the documents required for loan processing.

  • Identification documents
  • Financial documents
  • Property documents

Finally, the digital sanction letter enumerates the Terms and Conditions.

The digital sanction letter is system-generated and no signature is required for authentication.

Why a digital sanction letter?

It’s quicker and more hassle-free to obtain a digital sanction letter compared to a regular sanction letter. You also have an array of other benefits; for instance, you can:

  1. View essential parameters without delay: Get quick access to key home loan terms, such as the loan amount, interest rate, and tenor
  2. Decide whether you want a joint home loan: Get a co-applicant on board in case you are unhappy with the home loan parameters, for instance, if you think the amount is insufficient
  3. Compare home loans: Check how your loan compares against other offerings in the market in terms of the cost and conditions of borrowing
  4. Start negotiations with your realtor: Begin property discussions with the digital home loan sanction letter as proof of your eligibility
  5. Bag early-bird real estate deals: Secure an attractive deal with developers looking for early investments much before the project has begun
  6. Draft a repayment strategy: Chalk out a repayment plan with all important home loan terms available to you well in advance
  7. Focus on other home arrangements: Devote your time and energy to further plans, such as interiors, since you have some assurance with respect to financing

Is the digital home loan sanction letter the final loan agreement?

Having a digital sanction letter is not the same as having the final loan agreement. The sanction letter indicates that your lender is ready to finance your needs, but it is not a 100% guarantee. You need to approach your lender with your digital sanction letter, provide documents, and undertake a few steps before you enjoy the guarantee of credit.

How to get a digital home loan sanction letter?

Follow the below steps to get a digital home loan sanction letter from Bajaj Housing Finance Limited.

  1. Fill the e-home loan online application form by providing personal, financial, and property details
  2. Review the loan offer generated after the validation of your application
  3. Pay a nominal fee and download your digital home loan sanction letter

Once you have your digital sanction letter, you can use it to avail a home loan from Bajaj Housing Finance Limited within the next six months. Get Home loan financing at an attractive interest rate and benefit from a range of features, such as a flexible, 30-year repayment tenor, PMAY subsidies (subject to eligibility norms are met), a quick disbursal. So go ahead and apply online to take the first step to make your housing dreams a reality.

Disclaimer: This content is distributed by Bajaj Finance Ltd. No TNIE Group journalist is involved in the creation of this content.


Disclaimer : We respect your thoughts and views! But we need to be judicious while moderating your comments. All the comments will be moderated by the editorial. Abstain from posting comments that are obscene, defamatory or inflammatory, and do not indulge in personal attacks. Try to avoid outside hyperlinks inside the comment. Help us delete comments that do not follow these guidelines.

The views expressed in comments published on are those of the comment writers alone. They do not represent the views or opinions of or its staff, nor do they represent the views or opinions of The New Indian Express Group, or any entity of, or affiliated with, The New Indian Express Group. reserves the right to take any or all comments down at any time.

flipboard facebook twitter whatsapp