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Home Loan up to Rs. 5 crore
Last updated: Oct 2026
A home loan up to Rs. 5 crore is assessed on documented repayment capacity, not on the property alone. The lender funds at most 75% of the property value. Rs. 5 Crore therefore needs a Rs. 6.67 crore property.
- Equated Monthly Instalment (EMI): Rs. 4,33,912 at 8.50% p.a. for 20 years
- Net income needed: Rs. 9,64,248 a month at 45% of income
- Down payment: Rs. 1,66,66,667, before stamp duty and registration
- Year 1 interest: Rs. 42.1 lakh of the Rs. 52.1 lakh paid
Joint loan: each co-owner who co-borrows can claim up to Rs. 2 lakh of interest in the old tax regime
Prove your income with at least 2 years of records and fix the source of the down payment first. Then test the EMI at 1 percentage point higher before you apply.
What property value does a Rs. 5 crore loan need?
A Rs. 5 crore loan needs a property valued at Rs. 6.67 crore or more, with a down payment of Rs. 1.67 crore. The Reserve Bank of India (RBI) caps the loan-to-value (LTV) ratio at 75% for loans above Rs. 75 lakh (circular of 8 October 2015).
The lender lends against the lower of the agreement price and its own valuation. Stamp duty and registration fall outside the LTV calculation, so pay them from your own funds.
Applicants must be Indian citizens residing in India. Bajaj Finance does not offer home loans to Non-Resident Indians.
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What EMI and income does a Rs. 5 crore loan need?
The 20-year EMI is Rs. 4,33,912, and it needs net monthly income of Rs. 9.64 lakh at 45%. Tenure sets both the EMI and the interest.
| Tenure | EMI (Rs.) | Net income at 45% (Rs.) | Total interest (Rs. lakh) |
|---|---|---|---|
| 15 years | 4,92,370 | 10,94,155 | 386.3 |
| 20 years | 4,33,912 | 9,64,248 | 541.4 |
| 25 years | 4,02,614 | 8,94,697 | 707.8 |
| 30 years | 3,84,457 | 8,54,348 | 884.0 |
Assumptions: 8.50% p.a., no other EMIs. The rate is illustrative, not a quote.
Moving from 20 to 30 years cuts the EMI by Rs. 49,455 a month but adds Rs. 342.6 lakh of interest. Choose the shortest tenure that keeps total EMIs under 45% of income.
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How do lenders assess income for a loan this large?
Lenders divide your total monthly EMIs by your net income. This ratio is the Fixed Obligations to Income Ratio (FOIR). The documents depend on how you earn.
| Applicant | Income proof | Common to both |
|---|---|---|
| Salaried | Latest salary slips, Form 16 and returns for at least 2 years | Identity and address proof |
| Self-employed | Returns with computation of income for at least 2 years, profit and loss statement, balance sheet | Last 6 months of bank statements |
A drop in business income against the previous year lowers the income the lender counts. Match the figures on your returns to your bank statements before you apply.
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Should I add a co-applicant to a Rs. 5 crore loan?
Add one only if the combined income is documented and both owners accept joint liability. A co-applicant raises the income the lender counts, and each co-owner can claim tax deductions in the old regime.
| Factor | Single applicant | Co-owner and co-borrower |
|---|---|---|
| Income counted | One income | Both incomes |
| Liability | One person | Both, for the full tenure |
| Interest deduction (old regime) | Up to Rs. 2 lakh | Up to Rs. 2 lakh each |
| Credit score check | One score | Both scores |
Trade-off: a weak score or heavy EMIs on either side can lower the approved amount. In the new regime, interest on a self-occupied home is not deductible for anyone.
What does a 1 percentage point rise do to the EMI?
A rise from 8.50% to 9.50% p.a. adds Rs. 32,154 to the 20-year EMI, which takes it to Rs. 4,66,066.
Stress-test your plan for a home loan up to Rs. 5 crore at that figure. If the higher EMI crosses 45% of your net income, reduce the loan amount or lengthen the tenure before you sign.
A worked example: a Rs. 6.67 crore home
Consider Nikhil, a 47-year-old consultant in Hyderabad with a household income of Rs. 12 lakh a month and a CIBIL Score of 782, buying a Rs. 6.67 crore home.
Formula used: Loan = property value × 75%. Share of income = EMI ÷ monthly income.
| Item | Amount |
|---|---|
| Property value | Rs. 6,66,66,667 |
| Loan at 75% | Rs. 5,00,00,000 |
| Down payment | Rs. 1,66,66,667 |
| EMI at 8.50% p.a. for 20 years | Rs. 4,33,912 |
| EMI as a share of income | 36.2% |
| EMI after a 1 percentage point rise | Rs. 4,66,066 (38.8%) |
Nikhil stays under 45% even after the rise. Read the other sizes in the guides to a home loan up to Rs. 3 crore and how to calculate a Rs. 8 crore home loan EMI.
What loan terms does Bajaj Finance offer at this size?
Bajaj Finance offers home loans with the terms below, subject to credit assessment.
| Loan feature | Detail |
|---|---|
| Interest rate | From 7.50% p.a.*, subject to credit assessment |
| Loan amount | Up to Rs. 15 crore* |
| Tenure | Up to 32 years |
Approval timelines can extend where valuation differs from the agreement price or income records disagree, and minimum income thresholds can differ by city. Check your home loan eligibility, read home loan fees and charges and test tenures with the home loan EMI calculator.
Frequently Asked Questions
Eligibility and income
Planning the loan
Can a salaried applicant get a Rs. 5 crore home loan?
Yes, if the income supports the EMI. At 45% of net income, a 20-year loan needs Rs. 9,64,248 a month, and a 25-year loan needs Rs. 8,94,697. Existing EMIs reduce your headroom rupee for rupee, so subtract them first. A co-applicant's documented income can be added to reach the total.
Does the loan cover stamp duty and registration?
No. The loan is calculated on the property value, and stamp duty and registration come from your own funds. These charges are set by each state, so confirm the rate with the Sub-Registrar office. Add them to the Rs. 1.67 crore down payment before you fix your budget, because a shortfall at registration can delay the sale.
Should I choose 15 years or 25 years?
Choose the shortest tenure that keeps total EMIs under 45% of income. A 15-year tenure costs Rs. 4,92,370 a month and saves Rs. 321.5 lakh of interest against 25 years. Part-prepayments from bonuses can shorten a longer tenure later, so a 25-year plan with regular prepayment keeps your options open.
Is a joint loan better for tax?
In the old regime, each co-owner who also co-borrows can claim up to Rs. 2 lakh of interest, so two owners can claim up to Rs. 4 lakh. The new regime gives no interest deduction for a self-occupied home. Compare both regimes with a tax professional before you decide, because the deduction is small against Rs. 42.1 lakh of year 1 interest.
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