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.

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.


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.


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.


Rs. 5,002

Total Interest

Rs. 2,00,277

Total Amount Payable

Rs. 6,00,276

Features and benefits

Applicants interested in availing a housing loan, can read more to know about the features of the Bajaj Finserv Home Loan.

  • Percentage sign

    Reasonable rate of interest

    Starting from 8.50%* p.a., Bajaj Finserv offers applicants an affordable home loan option to fit their finances.

  • Money in hand 2

    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.

  • High loan amount

    Large top-up loan

    Get a high-value top-up loan with a nominal rate of interest to address other obligations with ease.

  • Easy balance transfer

    Easy balance transfer

    Transfer your existing home loan to Bajaj Finserv by submitting minimal documentation and save more.

  • percentage sign

    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.

  • Online account management

    Digital monitoring

    Now keep a close eye on all your loan developments and EMI schedules through the Bajaj Finserv online platform.

  • Calendar

    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.

  • Flexible repayment

    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.

  • Nationality



  • Age


    23 years to 70 years for salaried individuals, and 25 years to 85 years for self-employed applicants 

  • Employment

    Employment status

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

  • CIBIL score

    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.

How to apply Rs. 20 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.