Features and benefits

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

    PMAY benefits

    Get a subsidy of up to 6.50%* on your home loan interest with PMAY.

  • Balance transfer facility

    Balance transfer facility

    Transfer the home loan to us with minimal documentation and faster processing.

  • High-value top-up loan

    High-value top-up loan

    Meet your financial needs with a sizable top-up loan, offered at a nominal rate of interest.

  • Comfortable tenor

    Comfortable tenor

    Choose a convenient timeline of up to 40 years and repay your home loan with ease.

  • Property dossier facility

    Property dossier facility

    Get guidance on all the legal and financial aspects of owning your property with a personalised report.

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 40 years. Combined, these features keep your EMIs pocket-friendly.

15 lakh home loan EMI with varying tenures

What’s more, it also comes with online tools such as the home loan EMI calculator. This can play a pivotal role in loan planning and can even help ensure that repayment stays comfortable for you all through. For more insight on this, look at the following examples with tables.

Here are the EMI calculations for a home loan of Rs. 15 lakh with different tenors and a fixed interest rate of 8.50%* p.a..

Rs. 15 lakh home loan EMI for 20 years

Loan Amount Rs. 15,00,000
Rate of Interest 8.50%* p.a.
EMI Rs. 12,970
Total Interest Rs. 16,12,781
Total Amount Payable Rs. 31,12,781


Rs. 15 lakh home loan EMI for 15 years

Loan Amount Rs. 15,00,000
Rate of Interest 8.50%* p.a.
EMI Rs. 14,727
Total Interest Rs. 11,50,889
Total Amount Payable Rs. 26,50,889


Rs. 15 lakh home loan EMI for 10 years

Loan Amount Rs. 15,00,000
Rate of Interest 8.50%* p.a.
EMI Rs. 18,558
Total Interest Rs. 7,26,932
Total Amount Payable Rs. 22,26,932

Eligibility criteria

The housing loan eligibility criteria for this instrument are very simple and easy to meet. Here is a list of the terms you should be aware of.

  • Nationality

    Nationality

    Indian

  • Age

    Age

    23 years to 70 years for salaried individuals, 23 years to 70 years for self-employed borrowers

  • Employment status

    Employment status

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

  • CIBIL score

    CIBIL score

    Check your CIBIL Score for FREE

    725 or higher

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

*Conditions apply

How to apply for Rs. 15 lakh home loan

Step-by-step guide to applying for a home loan

  1. 1 Click on the 'APPLY' button on this page
  2. 2 Enter your full name, mobile number, and employment type
  3. 3 Now select the type of loan you wish to apply for
  4. 4 Generate and submit your OTP to verify your phone number
  5. 5 Upon OTP verification, enter additional details like your monthly income, required loan amount, and if you have identified the property
  6. 6 In the next steps, enter your date of birth, PAN number and other details as requested depending on your selected occupation type
  7. 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.