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 |
7.45%* p.a |
5 |
30,021 |
3,01,278 |
18,01,278 |
15 lakh |
7.45%* p.a |
10 |
17,766 |
6,31,937 |
21,31,937 |
15 lakh |
7.45%* p.a |
15 |
13,863 |
9,95,268 |
24,95,268 |
15 lakh |
7.45%* p.a |
20 |
12,038 |
13,89,139 |
28,89,139 |
15 lakh |
7.45%* p.a |
25 |
11,036 |
18,10,839 |
33,10,839 |
15 lakh |
7.45%* p.a |
30 |
10,437 |
22,57,287 |
37,57,287 |
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.
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PMAY benefits
Get a subsidy of up to 6.50%* on your home loan interest with PMAY.
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Balance transfer facility
Transfer the home loan to us with minimal documentation and faster processing.
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High-value top-up loan
Meet your financial needs with a sizable top-up loan, offered at a nominal rate of interest.
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Comfortable tenor
Choose a convenient timeline of up to 32 years and repay your home loan with ease.
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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
The eligibility criteria for a home loan with Bajaj Finserv are simple and easy to meet. Check out the detailed housing loan eligibility criteria to ensure you qualify.
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Nationality
Indian
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Age
23 years to 67 years for salaried individuals, 23 years to 70 years for self-employed borrowers
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Employment status
At least 3 years of experience for salaried applicants, at least 5 years of business continuity for self-employed borrowers
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CIBIL score
Check your CIBIL Score for FREE725 or higher
*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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Home loan calculators
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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
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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.
