When purchasing a home, financing can play a pivotal role in turning your dream into reality. Bajaj Finserv offers home loan with competitive interest rates starting at 7.45%* p.a and flexible repayment tenures of up to 32 years. With customised EMI options, transparent processes, and minimal documentation requirements, Bajaj Finserv provides an accessible and affordable solution for homebuyers across India.
In this article, we will explore the EMI calculations for different tenures, eligibility criteria, benefits, and features of Bajaj Finserv home loan.
Rs. 9 Lakh Home Loan EMI
Bajaj Finserv home loan is designed to make homeownership easy and affordable. Borrowers can benefit from interest rates starting at 7.45%* p.a, ensuring lower EMIs and significant savings over the loan tenure. With repayment periods ranging from 10 to 30 years, borrowers can select a tenure that aligns with their financial goals.
What sets Bajaj Finserv apart is its EMI customisation options, which allow borrowers to plan their monthly expenses effectively. Additionally, the process is transparent, with no hidden charges, ensuring trust and reliability. Check your loan offer instantly by entering your mobile number and completing the OTP-verification.
Home Loan EMI Calculator for Rs. 9 lakh home loan
Bajaj Finserv’s EMI Calculator is a user-friendly tool that simplifies financial planning for borrowers. By entering the loan amount (Rs. 9 Lakh), preferred tenure, and applicable interest rate, users can instantly calculate their monthly EMI.
Example Calculation:
Let us calculate the EMI for a Rs. 9 Lakh home loan across different tenures at an interest rate of 7.45%* p.a:
- 10 Years: Rs. 10,729 per month
- 20 Years: Rs. 7,199 per month
- 30 Years: Rs. 6,271 per month
This calculator provides transparency and helps borrowers make informed decisions about their repayment plans.
Use the Bajaj Finserv EMI Calculator today to estimate your monthly payments and plan your finances better!
Rs. 9 Lakh Home Loan EMI as per tenure
The tenure you select for your home loan significantly impacts your monthly EMI and overall repayment amount. Bajaj Finserv offers flexible repayment options ranging from 10 to 30 years, allowing borrowers to choose based on their financial situation.
Benefits of Shorter Tenures:
- Faster repayment.
- Lower overall interest paid.
Benefits of Longer Tenures:
- Reduced monthly EMI burden.
- Greater financial flexibility for other expenses.
EMI Calculation Table:
Below is a sample EMI calculation for a Rs. 9 Lakh loan across different tenures and interest rates:
| Tenure | Interest Rate | EMI (Rs.) |
|---|---|---|
| 10 Years | 7.45%* p.a | Rs. 10,729 |
| 20 Years | 7.45%* p.a | Rs. 7,199 |
| 30 Years | 7.45%* p.a | Rs. 6,271 |
Rs. 9 Lakh Home Loan Eligibility and documents required
Eligibility Criteria:
To qualify for Bajaj Finserv’s Rs. 9 Lakh home loan, applicants must meet the following criteria:
- Nationality: Indian citizens only.
- CIBIL Score: A minimum score of 725 is recommended.
- Age:
- Salaried individuals: 23–67 years.
- Self-employed individuals: 23–70 years.
- Occupation: Applicable for salaried and self-employed individuals with stable income.
Documents Required:
Bajaj Finserv ensures a streamlined documentation process. Applicants need to submit:
- KYC documents (e.g., Aadhaar, PAN).
- Income proofs (salary slips, profit and loss statements).
- Bank account statements (last 6 months).
With minimal paperwork and a transparent process, Bajaj Finserv makes loan applications hassle-free.
Rs. 9 Lakh Home Loan EMI for different tenures
EMI for 10 Years:
For a Rs. 9 Lakh loan with a 10-year tenure, here are the EMI calculations based on varying interest rates:
| Interest Rate | EMI (Rs.) |
|---|---|
| 7.49% p.a. | Rs. 10,729 |
| 8.00% p.a. | Rs. 10,934 |
| 9.00% p.a. | Rs. 11,407 |
EMI for 20 Years:
For a 20-year tenure, the EMI calculations are:
| Interest Rate | EMI (Rs.) |
|---|---|
| 7.49% p.a. | Rs. 7,199 |
| 8.00% p.a. | Rs. 7,537 |
| 9.00% p.a. | Rs. 8,093 |
EMI for 30 Years:
For a 30-year tenure, the EMI calculations are:
| Interest Rate | EMI (Rs.) |
|---|---|
| 7.49% p.a. | Rs. 6,271 |
| 8.00% p.a. | Rs. 6,601 |
| 9.00% p.a. | Rs. 7,177 |
Features and benefits of home loan
Bajaj Finserv home loan comes with several features and benefits:
- Loan Amount: Up to Rs. 15 crore.
- Interest Rates: Starting at 7.45%* p.a for affordable EMIs.
- Flexible Tenure: Up to 32 years.
- No Collateral: No guarantor required.
- Online Account Management: Access loan details 24x7 via the ‘My Account’ portal.
With Bajaj Finserv, borrowers can enjoy affordability, convenience, and transparency, making the home loan application process seamless.
How to apply for home loan
Applying for a Bajaj Finserv home loan is simple and can be completed online in minutes:
- Visit the Bajaj Finserv Home Loan Page and click on “Apply”.
- Enter and verify your mobile number.
- Submit your personal and employment details.
- Provide property details and upload bank information using the Account Aggregator.
- Select your loan amount, tenure, and repayment plan.
Apply now and get approval within 24 hours!
Conclusion
Bajaj Finserv home loan offers affordability and flexibility, making it a reliable choice for homebuyers. With competitive interest rates, customised EMIs, and user-friendly tools like the EMI Calculator, borrowers can plan their finances effectively. Apply today and take the first step toward your dream home!
