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 30 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

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

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 10%. 

EMI Calculations for a Home Loan of Rs.15 Lakh

Loan amount: Rs. 15,00,000

 

Tenor

EMI amount

10 years

Rs. 19,823

15 years

Rs. 16,119

20 years

Rs. 14,475


This table depicts the role of tenor, and here is another table to showcase the role of the principal amount.

Considering a tenor of 10 months and an interest rate of 10%, here are the EMIs payable for varying loan amounts.

Loan particulars

EMIs for a tenor of 10 years

Rs. 14 lakh sanction

Rs. 18,501

Rs. 13 lakh sanction

Rs. 17,180

Rs. 12 lakh sanction

Rs. 15,858

Rs. 11 lakh sanction

Rs. 14,537


On observing the table, you’ll notice that the EMI values decrease considerably as the principal decreases. So, borrow wisely, after calculating realistic estimates of the costs involved.

Home loan up to Rs. 15 lakh: Eligibility criteria*

Please go through below eligibility criteria for same

  • Nationality
    Nationality

    Indian

  • Age
    Age

    23 years to 62 years for salaried individuals, 25 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

    750 or higher

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

*Conditions apply