Home Loan Up to Rs. 2 crore: Eligibility, Tenure, and EMI

Last updated: Oct 2026

A home loan up to Rs. 2 crore is mostly a tenure decision. The same loan costs Rs. 97.6 lakh in interest over 10 years and Rs. 283.1 lakh over 25 years, so the tenure you pick shapes the total cost.

• Property value: at least Rs. 2.67 crore, since loan-to-value is capped at 75% above Rs. 75 lakh
• Down payment: Rs. 66.7 lakh, before stamp duty and registration
• Equated Monthly Instalment (EMI) range: Rs. 2,47,971 (10 years) to Rs. 1,61,045 (25 years)
• Income needed: Rs. 3,85,699 net a month at 45% for the 20-year EMI

• Co-applicant: adds income and shares liability for the full loan

  
  

Choose the shortest tenure your combined income can carry under 45% of net income. Then plan part-prepayments from bonuses to shorten it further, and keep a cash reserve.

A property worth at least Rs. 2.67 crore and a down payment of Rs. 66.7 lakh. The Reserve Bank of India caps loan-to-value at 75% for loans above Rs. 75 lakh (circular of 8 October 2015).

Stamp duty and registration are extra and come from your own funds. The lender lends on the lower of the agreement price or its valuation, so a lower valuation shrinks the loan.

A longer tenure lowers the EMI but raises the interest sharply.

Assumptions: 8.50% p.a., no other EMIs. The rate is illustrative, not a quote.

Moving from 20 to 25 years cuts the EMI by Rs. 12,520 a month, but adds Rs. 66.6 lakh of interest. That is the trade-off to weigh.

Yes, if the combined net income covers the EMI at 45%. A co-applicant's documented income is added to the assessment.

Both applicants' existing EMIs and credit scores are assessed together. Both are also jointly liable for the loan for its full tenure. Add only income you can document with salary slips or returns.

Test each tenure against your income in 4 steps.

1. Compute the EMI for each tenure from the table above.
2. Divide each EMI by your combined net monthly income.
3. Keep only tenures under 45%.

4. Pick the shortest tenure that remains, and keep a cash reserve.

   
   

The shortest tenure passes the 45% test. Do not stretch to 25 years only because you can.

Consider Neha and Rahul, aged 36 and 38, in Bengaluru with a combined household income of Rs. 4.6 lakh a month and a CIBIL Score of 764, buying a Rs. 2.67 crore flat.

Formula used: Loan = property value × 75%. EMI share = EMI ÷ combined monthly income.

Their EMI stays under 45%, so 20 years works. A 15-year tenure would raise the EMI to Rs. 1,96,948, or 42.8% of income, and would still pass. They compare it against the home loan up to Rs. 3 crore plan before deciding.

Stamp duty, registration and legal costs come from your own funds, and Goods and Services Tax (GST) applies if the flat is under construction. For a home loan up to Rs. 2 crore on an under-construction flat priced at Rs. 2.67 crore, GST at 5% on two-thirds of the value is Rs. 8.9 lakh.

A ready flat with a completion certificate carries no GST. Confirm the stamp duty rate for your state with the Sub-Registrar office. Add these costs to the down payment of Rs. 66.7 lakh before you fix your budget.

Bajaj Finance offers home loans with the terms below, subject to credit assessment.

Approval timelines can extend where valuation differs from the agreement price, and minimum income thresholds can differ by city. Check your home loan eligibility, and test other tenures with the home loan EMI calculator.