Published Jun 25, 2025 2 Min Read

Rs. 32 Lakh Home Loan EMI

Owning a home is a dream for many, but financing it can seem daunting. A home loan simplifies this process by allowing you to spread the cost over manageable monthly payments. If you are considering a Rs. 32 lakh home loan, understanding the EMI (Equated Monthly Instalment) and interest rates for different tenures is crucial for effective financial planning. Bajaj Finserv offers competitive home loan options with flexible repayment tenures, designed to suit your budget and lifestyle needs.

In this article, we will explore the EMI details, eligibility criteria, and benefits of opting for a Rs. 32 lakh home loan from Bajaj Finserv.

Rs. 32 Lakh Home Loan EMI

The EMI for a Rs. 32 lakh home loan depends on factors such as the loan tenure, interest rate, and repayment structure. Bajaj Finserv offers interest rates starting from 7.49%* p.a., making it easier to plan your finances. With a repayment tenure of up to 32 years, you can choose a comfortable EMI that aligns with your budget.

Rs. 32 Lakh Home EMI as per tenure

Loan tenure plays a significant role in determining your monthly EMI. A shorter tenure leads to higher EMIs but lower overall interest costs, while a longer tenure results in reduced EMIs but increased interest outgo. Bajaj Finserv’s EMI calculator allows you to customise your loan tenure and get an instant estimate of your monthly payments.

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.

Rs. 32 Lakh Home Loan Eligibility and Documents Required

Before applying for a Rs. 32 lakh home loan, it is essential to check your eligibility. Bajaj Finserv has minimal documentation requirements and a hassle-free approval process.

Eligibility Criteria:

  • Age: 23–62 years for salaried individuals; 25–70 years for self-employed applicants.
  • Income: A stable income source is mandatory.
  • Credit Score: A score of 750 or higher is preferred for better loan terms.
  • Employment: At least 3 years of work experience for salaried individuals or 5 years of business continuity for self-employed applicants.

Documents Required:

  • Identity proof (Aadhaar, PAN card, or passport).
  • Address proof (utility bills, Aadhaar, or passport).
  • Income proof (salary slips, ITR, or bank statements).
  • Property-related documents.

Check your loan offers instantly by entering your mobile number and completing the OTP-verification.

Rs. 32 Lakh Home Loan EMI for different tenures

Here is a breakdown of the EMI for a Rs. 32 lakh home loan across different tenures, assuming an interest rate of 7.49%* p.a.:

TenureEMITotal Interest PayableTotal Amount Payable
10 yearsRs. 38,217Rs. 14,60,040Rs. 46,60,040
20 yearsRs. 27,751Rs. 34,60,240Rs. 66,60,240
30 yearsRs. 23,034Rs. 54,92,240Rs. 86,92,240

These figures illustrate how tenure impacts your monthly payments and overall costs.

What will be the EMI on Rs. 32 Lakh Home Loan for 10 years

For a 10-year tenure at an interest rate of 7.49%* p.a., the EMI for a Rs. 32 lakh home loan will be approximately Rs. 38,217. While the monthly payments are higher, the total interest payable is significantly lower compared to longer tenures.

What will be the EMI on Rs. 32 Lakh Home Loan for 20 years

Opting for a 20-year tenure results in an EMI of Rs. 27,751 at the same interest rate. This tenure balances affordability and interest costs, making it a popular choice among borrowers.

What will be the EMI on Rs. 32 Lakh Home Loan for 25 years

For a 25-year tenure, the EMI would be lower than the 20-year option, but the total interest payable increases. Use Bajaj Finserv’s home loan EMI calculator to get precise figures based on your preferences.

Features and Benefits of a Rs. 32 Lakh Home Loan

Bajaj Finserv’s Rs. 32 lakh home loan comes with several features and benefits:

  • Competitive Interest Rates: Starting from 7.49%* p.a. for fresh loans and 7.60%* p.a. for balance transfers.
  • Flexible Tenure: Repayment tenure of up to 32 years.
  • Minimal Documentation: Simplified application process for faster approvals.
  • Top-Up Loan Facility: Access additional funds for personal needs like home renovation or education.
  • Online Loan Management: Track your loan details easily via the ‘My Account’ portal.

Eligibility Criteria for the Rs. 32 Lakh Home Loan

To qualify for a Rs. 32 lakh home loan, you need to meet the eligibility criteria outlined earlier. A good credit score, stable income, and proper documentation significantly improve your chances of approval.

How to Apply for a Rs. 32 Lakh Home Loan?

Applying for a Bajaj Finserv home loan is simple:

  1. Visit the Bajaj Finserv home loan page.
  2. Check your eligibility instantly by entering your mobile number and completing OTP verification.
  3. Fill in the application form with the required details.
  4. Upload the necessary documents.
  5. Wait for approval and disbursement.

Apply for a home loan in different cities

Bajaj Finserv offers home loans across major cities in India, including Mumbai, Delhi, Bangalore, Hyderabad, and Pune. Whether you are buying property in a metro city or a smaller town, Bajaj Finserv ensures convenient financing options tailored to your needs.

Home loan options for different budgets

In addition to Rs. 32 lakh home loans, Bajaj Finserv provides financing options ranging from Rs. 10 lakh to Rs. 15 crore. With flexible tenures and competitive interest rates, you can choose a loan that fits your budget and property requirements.

Home Loan Calculators

Planning your finances is easier with Bajaj Finserv’s home loan EMI calculator. This tool allows you to estimate monthly payments based on your loan amount, tenure, and interest rate, helping you make informed decisions.

Conclusion

Financing your dream home is easier with Bajaj Finserv’s Rs. 32 lakh home loan, offering competitive interest rates, flexible tenures, and minimal documentation. Use the home loan EMI calculator to plan your finances and apply online for a hassle-free experience. Ready to make your property dreams come true? Check your eligibility today!

 


 

Frequently asked questions

What will be the Rs. 32 Lakh home loan EMI for 25 years?

The EMI for a Rs. 32 lakh home loan with a 25-year tenure at 7.49%* p.a. will be lower than the 20-year tenure, but the total interest payable will increase. Use the EMI calculator for precise figures.


 

What is the EMI for a Rs. 32 Lakh home loan for 20 years?

For a 20-year tenure, the EMI will be approximately Rs. 27,751 at an interest rate of 7.49%* p.a.

 


 

What is the maximum repayment tenure I can go for in the case of a Rs. 32 Lakh home loan?

Bajaj Finserv offers repayment tenures of up to 32 years, allowing you to choose a tenure that fits your financial goals.

 

Can I get a Home Loan of Rs. 32 Lakh?

Yes, you can apply for a Rs. 32 lakh home loan if you meet the eligibility criteria, including age, income, and credit score requirements.

What will be the EMI for a Rs. 32 Lakh Home Loan?

The EMI depends on the tenure and interest rate. For example, a 10-year tenure at 7.49%* p.a. results in an EMI of Rs. 38,217.

Can I get a Rs. 32 Lakh home loan with a low credit score?

A low credit score may impact your eligibility. However, you can improve your score and reapply for better loan terms.


 

What income level is required for a Home Loan of Rs. 32 Lakh?

The required income level depends on factors like tenure, interest rate, and other financial obligations. Bajaj Finserv evaluates your income stability during the application process.

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Bajaj Finserv App for All Your Financial Needs and Goals

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: 

  • Apply for loans online, such as Instant Personal Loan, Home Loan, Business Loan, Gold Loan, and more.
  • Explore and apply for co-branded credit cards online.
  • Invest in fixed deposits and mutual funds on the app.
  • Choose from multiple insurance for your health, motor and even pocket insurance, from various insurance providers.
  • Pay and manage your bills and recharges using the BBPS platform. Use Bajaj Pay and Bajaj Wallet for quick and simple money transfers and transactions.
  • Apply for Insta EMI Card and get a pre-approved limit on the app. Explore over 1 million products on the app that can be purchased from a partner store on Easy EMIs.
  • Shop from over 100+ brand partners that offer a diverse range of products and services.
  • Use specialised tools like EMI calculators, SIP Calculators
  • Check your credit score, download loan statements and even get quick customer support—all on the app.

Download the Bajaj Finserv App today and experience the convenience of managing your finances on one app.

Disclaimer

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