Home Loan Up To Rs. 10 lakh: Features and Benefits

Following are the features and benefits of Tax benefits on joint home loan

  • Reasonable rate of interest

    Reasonable rate of interest

    Starting from 7.20%*, Bajaj Finserv offers applicants an affordable home loan option to fit their finances.

  • Speedy disbursal

    Speedy disbursal

    No more long waits for loan amounts with Bajaj Finserv. Find your sanction amount in your bank account in just 48* hours from approval.

  • Ample sanction amount

    Ample sanction amount

    Bajaj Finserv provides loan amounts as much as Rs. 5 Crore*, or higher to eligible candidates and even more, to boost your home buying journeys.

  • 5000+ project approved

    5000+ project approved

    Find over 5000+ choices in approved projects and enjoy better home loan terms from Bajaj Finserv.

  • External benchmark linked loans

    External benchmark linked loans

    By opting for the Bajaj Finserv Home Loan linked to an external benchmark, applicants can enjoy reduced EMIs along with favourable market conditions.

  • Digital monitoring

    Digital monitoring

    Now keep a close eye on all your loan developments and EMI schedules through the Bajaj Finserv online platform.

  • Long tenor stretch

    Long tenor stretch

    The Bajaj Finserv home loan tenor stretches up to 30 years allowing borrowers a buffer period to plan out their EMI payments.

  • Zero contact loans

    Zero contact loans

    Experience a truly remote home loan application from anywhere in India by applying Bajaj Finserv online home loans and getting an easy approval.

  • No prepayment and foreclosure charge

    No prepayment and foreclosure charge

    Bajaj Finserv allows you to foreclose the loan or make part-prepayments at no extra costs or prepayment penalty – making way for maximum savings.

  • Loan subsidies

    Loan subsidies

    Avail of the loan subsidies offered under the PMAY scheme, with Bajaj Finserv. Approach us for updated terms and best home loan deals.

Home loan up to Rs. 10 lakh

This home loan of up to Rs. 10 lakh by Bajaj Finserv offers you funding at an attractive rate coupled with a flexible tenor. Whether you’re looking to buy, build, or renovate your home, our housing finance can help you address it.

It comes with a long tenor of up to 30 years, which you can tailor to your needs and make repayment budget-friendly. To find the ideal repayment duration, be sure to use the home loan EMI calculator. It guarantees accurate results and is very easy to use. What’s more, PMAY beneficiaries can avail the CLSS subsidy of up to 6.50% on the interest payable, up to Rs. 2.76 lakh, to enjoy a greater affordability on the loan.

To get a better idea of the repayment structure and the EMIs due for different loan amounts and durations, take a look at these tables.

Considering an interest rate of 10%, here is the EMI amount for varying tenors.

  • Loan Amount: Rs. 10,00,000
  • EMI when tenor is 10 years (in Rs.): 13,215
  • EMI when tenor is 15 years (in Rs.): 10,746
  • EMI when tenor is 20 years (in Rs.): 9,650

Calculations for interest rate

The EMI amount also depends on the amount you avail. Take a look at the following table of calculations, where the interest rate applicable is 10%.

Loan amount

EMI when tenor is 10 years

Rs. 9 lakh home loan

Rs. 11,894

Rs. 8 lakh home loan

Rs. 10,572

Rs. 7 lakh home loan

Rs. 9,251

Rs. 6 lakh home loan

Rs. 7,929

Rs. 5 lakh home loan

Rs. 6,608

Rs. 4 lakh home loan

Rs. 5,286

Rs. 3 lakh home loan

Rs. 3,965

Rs. 2 lakh home loan

Rs. 2,643

Rs. 1 lakh home loan

Rs. 1,322


*The table has values that are subject to change.

Eligibility criteria*

Take a look at the eligibility criteria you must meet to qualify for this home loan.

  • Nationality

    Nationality

    Indian

  • Age

    Age

    23 to 62 years for salaried individuals, 25 to 70 years for self-employed

  • Employment status

    Employment status

    At least 3 years of experience for salaried individuals, at least 5 years of business continuity for self-employed individuals

  • CIBIL score

    CIBIL score

    Check your CIBIL Score for FREE

    750 or higher

*Please note that the list of eligibility terms mentioned is indicative. Terms and conditions apply.

Interest rate and fees for Home loan up to Rs. 10 lakh

The home loan interest rate we offer are some of the most affordable in the market and can help keep costs in check.

*Conditions Apply