Looking to finance your dream home and require additional funds of Rs. 15 lakh? A home loan could be the perfect solution to bridge the gap. Understanding your EMI is crucial for planning your budget effectively. A Rs. 15 lakh home loan EMI depends on factors like the interest rate, tenure, and repayment capacity. Shorter tenures mean higher EMIs but lower interest costs, while longer tenures offer smaller monthly payments. Use a home loan EMI calculator to estimate your EMI and choose the right repayment plan for a stress-free home-buying experience.
Home loan up to Rs. 15 lakh details
The Bajaj Finserv Home Loan grants easy access to a sanction of up to Rs. 15 lakh and more. It also offers a range of value-added features such as property search services and a top-up loan facility. Here you can also secure financing at competitive rates of interest and for a flexible tenor, ranging up to 32 years. Combined, these features keep your EMIs pocket-friendly. You might already be eligible for these favourable terms – check your offers now by entering your mobile number and OTP.
Rs. 15 lakh home EMI as per tenure
Loan amount (Rs.) |
Interest rate |
Tenure (years) |
EMI |
Total interest (Rs.) |
Total amount payable (Rs.) |
15 lakh |
7.15%* p.a. |
5 |
30,021 |
3,01,278 |
18,01,278 |
15 lakh |
7.15%* p.a. |
10 |
17,766 |
6,31,937 |
21,31,937 |
15 lakh |
7.15%* p.a. |
15 |
13,863 |
9,95,268 |
24,95,268 |
15 lakh |
7.15%* p.a. |
20 |
12,038 |
13,89,139 |
28,89,139 |
15 lakh |
7.15%* p.a. |
25 |
11,036 |
18,10,839 |
33,10,839 |
15 lakh |
7.15%* p.a. |
30 |
10,437 |
22,57,287 |
37,57,287 |
Features and benefits of Rs. 15 lakh home loan
Applicants interested in availing a housing loan up to Rs. 15 lakh can read below points to know about the features of the Bajaj Finserv Home Loan.
-
PMAY benefits
Get a subsidy of up to 6.50%* on your home loan interest with PMAY.
-
Balance transfer facility
Transfer the home loan to us with minimal documentation and faster processing.
-
High-value top-up loan
Meet your financial needs with a sizable top-up loan, offered at a nominal rate of interest.
-
Comfortable tenor
Choose a convenient timeline of up to 32 years and repay your home loan with ease.
-
Property dossier facility
Get guidance on all the legal and financial aspects of owning your property with a personalised report.
Rs. 15 lakh home loan EMI eligibility criteria and documents required
For a Rs. 15 lakh home loan from Bajaj Finserv, there are a few eligibility requirements that you need to fulfil in order to qualify.
Criteria |
Salaried applicants |
Self-employed applicants |
Nationality |
Indian citizen residing in India |
|
Age |
Between 23 and 67 years |
Between 23 and 70 years |
Credit score |
CIBIL Score of 725 or higher |
|
Income |
Must have a steady source of income. Minimum income required varies based on city of residence. |
|
Work experience/ continuity |
At least 3 years of experience |
At least 5 years of business continuity |
If you fulfil the criteria above, here are the documents required for home loan application with Bajaj Finserv.
- KYC documents (identity and address proof)
- Proof of income (salary slips or P&L statement)
- Proof of business (for self-employed applicants), and
- Account statements for the last 6 months
Note: This is an indicative list that may change based on your actual loan application.
Rs. 15 lakh home loan EMI for different tenures
The EMI for a Rs. 15 lakh home loan varies depending on the tenure chosen and the interest rate. While longer tenures mean lesser per-month out go, the total amount payable is much lesser for a shorter tenure and vice versa.
What will be the EMI on Rs. 15 lakh home loan for 5 years
The EMI on a Rs. 15 lakh home loan for 5 years will depend on the interest rate. The table below outlines the EMI, total interest rate, and total amount payable for an interest rate of 7.15%* p.a.
Loan amount |
Rs. 15 lakh |
Interest rate |
7.15%* p.a. |
Loan tenure |
5 years |
EMI (Rs.) |
29,808 |
Total interest payable (Rs.) |
2,88,484 |
Total payable amount (Rs.) |
17,88,484 |
What will be the EMI on Rs. 15 lakh home loan for 10 years
The EMI on a Rs. 15 lakh home loan for 10 years will depend on the interest rate. The table below outlines the EMI, total interest rate, and total amount payable for an interest rate of 7.15%* p.a.
Loan amount |
Rs. 15 lakh |
Interest rate |
7.15%* p.a. |
Loan tenure |
10 years |
EMI (Rs.) |
17,532 |
Total interest payable (Rs.) |
6,03,895 |
Total payable amount (Rs.) |
21,03,895 |
What will be the EMI on Rs. 15 lakh home loan for 15 years
The EMI on a Rs. 15 lakh home loan for 15 years will depend on the interest rate. The table below outlines the EMI, total interest rate, and total amount payable for an interest rate of 7.15%* p.a.
Loan amount |
Rs. 15 lakh |
Interest rate |
7.15%* p.a. |
Loan tenure |
15 years |
EMI (Rs.) |
13,609 |
Total interest payable (Rs.) |
9,49,535 |
Total payable amount (Rs.) |
24,49,535 |
What will be the EMI on Rs. 15 lakh home loan for 20 years
The EMI on a Rs. 15 lakh home loan for 15 years will depend on the interest rate. The table below outlines the EMI, total interest rate, and total amount payable for an interest rate of 7.15%* p.a.
Loan amount |
Rs. 15 lakh |
Interest rate |
7.15%* p.a. |
Loan tenure |
20 years |
EMI (Rs.) |
11,765 |
Total interest payable (Rs.) |
13,23,582 |
Total payable amount (Rs.) |
28,23,582 |
What will be the EMI on Rs. 15 lakh home loan for 25 years
The EMI on a Rs. 15 lakh home loan for 25 years will depend on the interest rate. The table below outlines the EMI, total interest rate, and total amount payable for an interest rate of 7.15%* p.a.
Loan amount |
Rs. 15 lakh |
Interest rate |
7.15%* p.a. |
Loan tenure |
25 years |
EMI (Rs.) |
10,746 |
Total interest payable (Rs.) |
17,23,696 |
Total payable amount (Rs.) |
32,23,696 |
What will be the EMI on Rs. 15 lakh home loan for 30 years
The EMI on a Rs. 15 lakh home loan for 30 years will depend on the interest rate. The table below outlines the EMI, total interest rate, and total amount payable for an interest rate of 7.15%* p.a.
Loan amount |
Rs. 15 lakh |
Interest rate |
7.15%* p.a. |
Loan tenure |
30 years |
EMI (Rs.) |
10,131 |
Total interest payable (Rs.) |
21,47,196 |
Total payable amount (Rs.) |
36,47,196 |
*Please note that the list of eligibility mentioned is indicative. Terms and conditions apply.
*Conditions apply
Home loan EMI with other loan amount
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How to apply for Rs. 15 lakh home loan
Step-by-step guide to applying for a home loan
- 1 Click on the 'APPLY' button on this page
- 2 Enter your full name, mobile number, and employment type
- 3 Now select the type of loan you wish to apply for
- 4 Generate and submit your OTP to verify your phone number
- 5 Upon OTP verification, enter additional details like your monthly income, required loan amount, and if you have identified the property
- 6 In the next steps, enter your date of birth, PAN number and other details as requested depending on your selected occupation type
- 7 Click on the ‘SUBMIT’ button
That is it! Your application is submitted. Our representative will connect with you and guide you through the next steps.
Additional Read: Documents required for home loan
Frequently asked questions
If you take a home loan of Rs. 15 lakh for 25 years, your EMI will depend on the interest rate offered. Using a home loan EMI calculator will help youg et an exact estimate. For instance, at the competitive 7.99% interest rate offered by Bajaj Finserv, the EMI is Rs. 11,567. Check your offers by entering your mobile number and OTP.
For a Rs. 15 lakh home loan over 20 years, your EMI will vary with the interest rate. At Bajaj Finserv’s competitive 7.99% interest, it is Rs. 12,537. Remember to use the home loan EMI calculator available on the website for accurate estimates.
Most lenders offer a maximum repayment period of up to 30 years for home loans, including a Rs. 15 lakh loan. However, the actual tenure depends on your age, income, credit profile, and the lender’s policies at the time of application. Bajaj Finserv offers flexible tenures extending up to 32 years. You might already qualify – check your offers by entering your mobile number and OTP.
Yes, you can apply for a home loan of Rs. 15 lakh if you meet the lender’s eligibility criteria. Factors like your income, credit score, employment status, and existing liabilities play a key role in the loan approval and sanction amount.
The EMI for a Rs. 15 lakh home loan depends on the interest rate and tenure you choose. For instance, at a 7.99% interest rate which is a highly competitive offering from Bajaj Finserv and 15-year tenure, the EMI would be around Rs. 14,326. Use an online EMI calculator to check based on your preferences.
A 20- to 25-year tenure is generally considered ideal for a Rs. 15 lakh home loan if you want to keep your EMI affordable. A longer term reduces monthly payments, though it may increase the overall interest paid. Choose based on your monthly budget.
It’s possible to get a Rs. 15 lakh home loan with a low credit score, but your chances may be lower. You may need to pay a higher interest rate or offer a guarantor or collateral. Improving your credit score can increase approval chances and secure better terms.
For a Rs. 17 lakh home loan with a 20-year repayment term, the EMI is calculated according to the applicable interest rate. At Bajaj Finserv, you can check the precise EMI using their home loan EMI calculator by simply entering the loan amount, tenure, and rate of interest. For instance, at an interest rate of around 7.45% per annum, the monthly repayment would be Rs. 13,643.
The EMI for a Rs. 12 lakh home loan taken for 5 years depends mainly on the rate of interest. With Bajaj Finserv, you can easily determine the exact repayment by using their online EMI calculator. For example, if the interest rate is about 7.45% per annum, the EMI would be Rs. 24,017 per month, though the actual figure changes depending on the final rate offered.
