Published Jun 25, 2025 2 Min Read

Rs. 1.5 Crore Home Loan EMI and Interest Rate

Buying a home is one of the most significant financial decisions in life, and for many, it involves availing of a home loan. If you are considering a Rs. 1.5 crore home loan, understanding the EMI (Equated Monthly Instalment) and interest rate for different tenures is crucial to plan your finances effectively. This detailed guide will walk you through the EMI calculations, eligibility criteria, benefits, and how Bajaj Finserv can help you achieve your dream home.

Rs. 1.5 crore home loan EMI

The EMI for a Rs. 1.5 crore home loan depends on factors like loan tenure, interest rate, and repayment capacity. Bajaj Finserv offers competitive interest rates starting from 7.49%* p.a. and flexible tenures of up to 32 years, making it easier to manage your monthly payments.

For example:

  • 10 years tenure: At an interest rate of 7.49%* p.a., the EMI is approximately Rs. 1,78,507 per month.
  • 20 years tenure: At the same interest rate, the EMI reduces to Rs. 1,24,790 per month.
  • 30 years tenure: The EMI further decreases to Rs. 1,04,015 per month.

These figures highlight how extending the loan tenure can make monthly payments more affordable. To simplify calculations, use the Bajaj Finserv EMI Calculator and customise the loan details based on your financial goals.

Rs. 1.5 crore home loan EMI calculator

The Bajaj Finserv EMI Calculator is a user-friendly tool designed to help you plan your finances effortlessly. By entering the loan amount, tenure, and interest rate, you can instantly calculate your monthly EMI.

Example Scenario:

If you avail of a Rs. 1.5 crore loan at 7.49%* p.a. interest for 25 years, the EMI will be approximately Rs. 1,10,905 per month. You can tweak the tenure or interest rate in the calculator to explore different repayment scenarios.

Tip: Opting for a longer tenure can reduce your monthly EMI but may increase the overall interest paid. Use the EMI calculator to strike the right balance between affordability and loan cost.

You might already be eligible – check your offers now by entering your mobile number and verifying it with an OTP.

Rs. 1.5 crore home EMI as per tenure

EMI for 10 years:

  • Interest Rate: 7.49%* p.a.
  • Monthly EMI: Rs. 1,78,507
  • Total Interest Paid: Rs. 64,20,840

EMI for 20 years:

  • Interest Rate: 7.49%* p.a.
  • Monthly EMI: Rs. 1,24,790
  • Total Interest Paid: Rs. 1,49,49,600

EMI for 30 years:

  • Interest Rate: 7.49%* p.a.
  • Monthly EMI: Rs. 1,04,015
  • Total Interest Paid: Rs. 2,24,45,400

These calculations show that while longer tenures reduce monthly EMIs, they increase the total interest paid. Bajaj Finserv’s flexible tenure options allow you to choose a repayment plan that aligns with your financial capacity.

Rs. 1.5 crore home loan eligibility and documents required

To avail of a Rs. 1.5 crore home loan, you must meet specific eligibility criteria:

  • Nationality: Indian resident.
  • Age: 23–62 years for salaried individuals; 25–70 years for self-employed individuals.
  • CIBIL Score: A minimum score of 725 is recommended.
  • Income: Stable income from a salaried or self-employed occupation.

Documents Required:

  • KYC Documents: Aadhaar, PAN, or Passport.
  • Income Proof: Salary slips, IT returns, or bank statements.
  • Property Documents: Sale agreement, NOC, and property title deed.

Check your eligibility instantly with just your mobile number.

Features and benefits of Rs. 1.5 crore home loan

Bajaj Finserv provides a host of benefits to make your home loan journey seamless:

  • High Loan Amounts: Loan amounts up to Rs. 15 crore*.
  • Flexible Tenure: Choose repayment terms up to 32 years.
  • Competitive Interest Rates: Starting from 7.49%* p.a.
  • Minimal Documentation: Hassle-free application process.
  • Online Loan Management: Manage your loan account online with ease.
  • Quick Approval: Get approval and disbursal in as little as 24 hours.

How to apply for a Rs. 1.5 crore home loan

Applying for a home loan with Bajaj Finserv is simple and convenient. Follow these steps:

  1. Visit the Bajaj Finserv Home Loan page.
  2. Click on “Apply” and verify your mobile number.
  3. Fill in your personal, employment, and property details.
  4. Select the loan amount and tenure based on your eligibility.
  5. Submit the required documents for verification.

Ready to make your property dreams come true? Check your eligibility for attractive home loan offers. You may already be eligible, find out by entering your mobile number and OTP.

Apply for a home loan in different cities

Bajaj Finserv offers home loans across India, catering to buyers from all cities. Whether you are purchasing a property in Pune, Bangalore, or Delhi, you can avail of customised loan solutions tailored to your needs.

Home loan options for different budgets

Bajaj Finserv provides multiple home loan variants to suit your budget:

  • Fresh Home Loan: For first-time buyers.
  • Balance Transfer Loan: Transfer your existing home loan to Bajaj Finserv for better rates.
  • Top-Up Loan: Additional funds for home improvement or other expenses.

Conclusion

A Rs. 1.5 crore home loan is a significant financial commitment, and understanding the EMI and interest rate for different tenures is essential for effective planning. Bajaj Finserv simplifies the process with competitive rates, flexible tenures, and minimal documentation, ensuring a hassle-free borrowing experience. Use the EMI calculator to customise your repayment plan and apply online to turn your dream home into reality.

Ready to secure your dream home with competitive financing? Check your loan offers instantly by entering your mobile number and completing the OTP-verification.

Frequently asked questions

What will be the Rs. 1.5 Crore home loan EMI for 25 years?

At an interest rate of 7.49%* p.a., the EMI for a Rs. 1.5 crore loan for 25 years is approximately Rs. 1,10,905 per month.

What is the EMI for a Rs. 1.5 Crore home loan for 20 years?

For a 20-year tenure at 7.49%* p.a. interest, the EMI is Rs. 1,24,790 per month.

What is the maximum repayment tenure I can go for in the case of a Rs. 1.5 Crore home loan?

Bajaj Finserv offers a maximum repayment tenure of up to 32 years, allowing you to manage your EMIs effectively.


 

Can I get a Home Loan of Rs. 1.5 Crore?

Yes, you can get a Rs. 1.5 crore home loan if you meet the eligibility criteria, including age, income, and CIBIL score requirements.

What will be the EMI for a Rs. 1.5 Crore Home Loan?

The EMI varies based on tenure and interest rate. For example, at 7.49%* p.a. interest:

  • 10 years: Rs. 1,78,507/month
  • 20 years: Rs. 1,24,790/month
  • 30 years: Rs. 1,04,015/month
Can I get a Rs. 1.5 Crore home loan with a low credit score?

A minimum CIBIL score of 725 is recommended for loan approval. Improving your credit score can enhance your eligibility.


 

What income level is required for a Home Loan of Rs. 1.5 Crore?

The required income depends on your repayment capacity. Salaried and self-employed individuals must demonstrate stable earnings to qualify.


 

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Trusted by 50 million+ customers in India, Bajaj Finserv App is a one-stop solution for all your financial needs and goals. 

You can use the Bajaj Finserv App to: 

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