Published Jul 16, 2025 4 Min Read

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Owning a home is a dream for many, but financing it can often seem overwhelming. A home loan offers a practical solution, enabling you to buy the property you desire without straining your finances. If you are considering a Rs. 7 lakh home loan, Bajaj Finserv Home Loans provide a range of benefits, including competitive interest rates, flexible tenure options, and a seamless application process. Let us explore how you can plan your EMIs effectively and make informed decisions about your home loan.

Rs. 7 Lakh Home Loan EMI

Bajaj Finserv Home Loans are designed to make homeownership accessible and affordable. For a Rs. 7 lakh loan, your EMI will depend on factors like the interest rate, repayment tenure, and your financial profile. Bajaj Finserv offers interest rates starting from 7.49%* p.a., making it easier to manage monthly payments.

For example, if you opt for a 10-year tenure with an interest rate of 7.49%* p.a., your EMI would be approximately Rs. 8,300. Extending the tenure to 20 or 30 years reduces the monthly EMI but increases the total interest paid over time.

Key Features of Bajaj Finserv Home Loans:

  • Loan amount of up to ₹15 crore.
  • Flexible repayment tenure of up to 32 years.
  • Minimal documentation and instant approvals.
  • 24x7 online loan management via the ‘My Account’ portal.

Rs. 7 Lakh Home Loan EMI calculator

Calculating your EMI before applying for a loan is crucial for financial planning. Bajaj Finserv’s Home Loan EMI Calculator simplifies this process by providing accurate estimates based on your loan amount, interest rate, and tenure.

For instance, if you take a Rs. 7 lakh loan at an interest rate of 7.49%* p.a.:

  • 5-year tenure: Approximate EMI is Rs. 15,500.
  • 10-year tenure: Approximate EMI is Rs. 8,300.
  • 20-year tenure: Approximate EMI is Rs. 5,800.

By entering your preferred tenure and interest rate into the calculator, you can determine monthly payments that suit your budget.

Use our Home Loan EMI Calculator to plan better.

Rs. 7 lakhs home loan EMI as per tenure

The tenure you choose significantly impacts your EMI amount and total repayment cost. Below is a breakdown of approximate EMIs for a Rs. 7 lakh home loan at an interest rate of 7.49%* p.a.:

  • 10 years: EMI is Rs. 8,300; total repayment is Rs. 9.96 lakh.
  • 20 years: EMI is Rs. 5,800; total repayment is Rs. 13.92 lakh.
  • 30 years: EMI is Rs. 5,200; total repayment is Rs. 18.72 lakh.

Opting for a longer tenure reduces your monthly EMI but increases the total interest paid. Bajaj Finserv’s flexible tenure options allow you to strike the right balance between affordability and overall cost.

Rs. 7 lakhs home loan eligibility and documents required

To qualify for a Rs. 7 lakh home loan with Bajaj Finserv, you need to meet the following eligibility criteria:

  • Nationality: Indian citizen.
  • Age: 23–67 years for salaried applicants, 23–70 years for self-employed individuals.
  • CIBIL Score: Minimum score of 725.
  • Occupation: Salaried, self-employed, or professional.

Documents Required:

  • KYC documents (Aadhaar, PAN, voter ID, etc.).
  • Income proof (salary slips, Form 16, or ITR).
  • Bank statements for the last six months.
  • Business proof for self-employed applicants.

CTA: Submit documents digitally and speed up approval.

Rs. 7 Lakhs Home Loan EMI for different tenures

Let us explore detailed examples of EMI calculations for a Rs. 7 lakh home loan:

TenureInterest RateEMITotal Repayment
10 years7.49%* p.a.Rs. 8,300Rs. 9.96 lakh
20 years7.49%* p.a.Rs. 5,800Rs. 13.92 lakh
30 years7.49%* p.a.Rs. 5,200Rs. 18.72 lakh

What will be the EMI on Rs. 7 Lakhs home loan for 10 years?

For a 10-year tenure, the EMI for a Rs. 7 lakh home loan at an interest rate of 7.49%* p.a. is approximately Rs. 8,300. This tenure is ideal for those who prefer quicker repayment and lower total interest costs.

What will be the EMI on Rs. 7 Lakhs home loan for 20 years?

A 20-year tenure reduces the EMI to Rs. 5,800 but increases the total repayment to Rs. 13.92 lakh. This option provides a balance between affordability and repayment duration.

What will be the EMI on ₹7 Lakhs home loan for 25 years?

For a 25-year tenure, the EMI is approximately Rs. 5,500 at an interest rate of 7.49%* p.a. This tenure is suitable for those seeking lower monthly payments.

Features and benefits of Rs. 7 lakh home loan

Bajaj Finserv Home Loans offer the following features and benefits:

  • Loan amount up to ₹15 crore.
  • Flexible repayment tenure up to 32 years.
  • Minimal documentation and instant approvals.
  • Tax benefits on both interest and principal under sections 80C and 24(b).
  • Transparent fees and charges.

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

Eligibility criteria for the Rs. 7 lakh home loan

To recap, the eligibility criteria for Bajaj Finserv Home Loans include:

  • Indian nationality.
  • Age range of 23–67 years (salaried) or 23–70 years (self-employed).
  • Minimum CIBIL score of 725.
  • Stable income and occupation.

 Did you know that home loan options from Bajaj Finserv come with easy eligibility and documentation requirements? You might already be eligible for attractive terms – check your home loan offer now by entering your mobile number and OTP.

How to apply for a Rs. 7 lakh home loan?

Applying for a home loan with Bajaj Finserv is simple:

  1. Visit the Bajaj Finserv website.
  2. Navigate to the home loan section.
  3. Fill in the application form with your details.
  4. Upload the required documents digitally.
  5. Submit your application and wait for approval.

Pro-tip: Apply with a co-applicant to increase your eligibility.

Apply for a home loan in different cities

Bajaj Finserv Home Loans are available across major Indian cities, including Mumbai, Delhi, Bengaluru, Chennai, and Hyderabad. Regional factors like property prices may influence your loan requirements, but the application process remains consistent nationwide.

Home loan options for different budgets

Whether you need Rs. 7 lakh, Rs. 70 lakh, or even Rs. 1 crore, Bajaj Finserv offers tailored home loan solutions to suit your budget. With flexible tenure and competitive interest rates, you can finance your dream home effortlessly.

Home loan calculators

Using Bajaj Finserv’s Home Loan EMI Calculator is the first step toward informed financial planning. By adjusting parameters like loan amount, tenure, and interest rate, you can get a clear picture of your monthly commitments.

Use our Home Loan EMI Calculator today.

Conclusion

A Rs. 7 lakh home loan can help you achieve your dream of owning a home without financial stress. With Bajaj Finserv’s competitive interest rates, flexible tenure options, and user-friendly application process, financing your dream property becomes simpler and more accessible.

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

 

 

Frequently asked questions

What will be the Rs. 7 Lakh home loan EMI for 25 years?

The EMI for a Rs. 7 lakh home loan for 25 years at 7.49%* p.a. is approximately Rs. 5,500.

What is the EMI for a Rs. 7 Lakh home loan for 20 years?

The EMI is approximately Rs. 5,800 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. 7 Lakh home loan?

You can opt for a tenure of up to 32 years.

Can I get a Home Loan of Rs. 7 Lakh?

Yes, provided you meet the eligibility criteria.

 

What will be the EMI for a Rs. 7 Lakh Home Loan?

The EMI depends on tenure and interest rate. For example, a 10-year tenure at 7.49%* p.a. results in an EMI of Rs. 8,300.

Can I get a Rs. 7 Lakh home loan with a low credit score?

A minimum CIBIL score of 725 is required. If your score is lower, improving your credit profile can increase your chances.

What income level is required for a Home Loan of Rs. 7 Lakh?

Income requirements vary based on your loan profile and repayment capacity.

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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 Low Cost 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

1. Bajaj Finance Limited (“BFL”) is a Non-Banking Finance Company (NBFC) and Prepaid Payment Instrument Issuer offering financial services viz., loans, deposits, Bajaj Pay Wallet, Bajaj Pay UPI, bill payments and third-party wealth management products. The details mentioned in the respective product/ service document shall prevail in case of any inconsistency with respect to the information referring to BFL products and services on this page.

2. All other information, such as, the images, facts, statistics etc. (“information”) that are in addition to the details mentioned in the BFL’s product/ service document and which are being displayed on this page only depicts the summary of the information sourced from the public domain. The said information is neither owned by BFL nor it is to the exclusive knowledge of BFL. There may be inadvertent inaccuracies or typographical errors or delays in updating the said information. Hence, users are advised to independently exercise diligence by verifying complete information, including by consulting experts, if any. Users shall be the sole owner of the decision taken, if any, about suitability of the same.

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