Home loan up to Rs. 20 lakh
Bajaj Finserv offers home loans that can effortlessly cater to all your housing finance needs right from purchasing or constructing your first home to refinancing an existing loan. With this offering, you can get a loan amount of up to Rs. 20 lakhs alongside other benefits.
Features and benefits
Applicants interested in availing a housing loan, can read more to know about the features of the Bajaj Finserv Home Loan.
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Reasonable rate of interest
Starting from 8.45%* p.a., Bajaj Finserv offers applicants an affordable home loan option to fit their finances.
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Speedy disbursal
No more long waits for loan amounts with Bajaj Finserv. Find your sanction amount in your bank account in just 48* hours from approval.
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Large top-up loan
Get a high-value top-up loan with a nominal rate of interest to address other obligations with ease.
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Easy balance transfer
Transfer your existing home loan to Bajaj Finserv by submitting minimal documentation and save more.
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External benchmark linked loans
By opting for the Bajaj Finserv Home Loan linked to an external benchmark, applicants can enjoy reduced EMIs along with favourable market conditions.
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Digital monitoring
Now keep a close eye on all your loan developments and EMI schedules through the Bajaj Finserv online platform.
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Long tenor stretch
The Bajaj Finserv home loan tenor stretches up to 40 years allowing borrowers a buffer period to plan out their EMI payments.
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Flexible repayment
Enjoy the benefits of flexible repayment plans offered to you by Bajaj Finserv with zero add on costs levied on part-prepayment and foreclosures.
Eligibility criteria
To qualify for this loan, here are the parameters to meet.
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Nationality
Indian
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Age
23 years to 62 years for salaried individuals, and 25 years to 85 years for self-employed applicants
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Employment status
At least 3 years of experience for salaried borrowers, and at least 5 years of business continuity for self-employed individuals
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CIBIL score
750 or higher
*Please note that the list of eligibility terms mentioned above is indicative. Terms and conditions apply.
Interest rates and charges
Keep an eye on the home loan interest rate and borrow smartly, as the interest affects your overall cost of borrowing. For best results, compute your 20 lakh home loan EMIs accurately using a home loan EMI calculator.
Check the current home loan interest rates and additional fees and charges on your home loan.
20 Lakh Home Loan EMI Details
To know your EMI breakup accurately when borrowing a 20 lakhs home loan, a home loan EMI calculator is the best tool to go with. This is because the EMIs of a 20 lakh home loan vary based on the tenor and interest rate and the calculator allows you to tweak these for the desired results. It is also freely available and user-friendly. For a detailed breakdown of a 20 lakh house loan EMI structure, read on.
Rs. 20 lakh home loan EMI with varying tenure
To calculate your EMI for a home loan of Rs. 20 lakh, a home loan EMI calculator is the best tool to go with. The EMIs of a Rs. 20 lakh home loan vary based on the tenure and interest rate and the calculator allows you to try with different tenure and interest rates for the desired results. For a detailed breakdown of the EMI structure with respect to different tenures, read on.
| Loan amount | Interest rate | Tenure | EMI |
| Rs. 20 lakh | 8.50%* | 30 years | Rs. 15,378 |
| Rs. 20 lakh | 8.50%* | 25 years | Rs. 16,105 |
| Rs. 20 lakh | 8.50%* | 20 years | Rs. 17,356 |
| Rs. 20 lakh | 8.50%* | 15 years | Rs. 19,695 |
| Rs. 20 lakh | 8.50%* | 10 years | Rs. 24,797 |
| Rs. 20 lakh | 8.50%* | 5 years | Rs. 41,033 |
This table has values that are subject to change.
Check the current home loan interest rates and additional fees and charges on your home loan.
Rs. 20 lakh home loan EMI for 20 years
Loan Amount |
Rs. 20,00,000 |
Rate of Interest |
8.70% p.a. |
EMI |
Rs. 3,522 |
Total Interest |
Rs. 4,45,301 |
Total Amount Payable |
Rs. 8,45,300 |
Rs. 20 lakh home loan EMI for 15 years
Loan Amount |
Rs. 20,00,000 |
Rate of Interest |
8.70% p.a. |
EMI |
Rs. 3,986 |
Total Interest |
Rs. 3,17,478 |
Total Amount Payable |
Rs. 7,17,477 |
Rs. 20 lakh home loan EMI for 10 years
Loan Amount |
Rs. 20,00,000 |
Rate of Interest |
8.70% p.a. |
EMI |
Rs. 5,002 |
Total Interest |
Rs. 2,00,277 |
Total Amount Payable |
Rs. 6,00,276 |
How to apply Rs. 20 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.
