Home Loan Up To Rs. 25 lakh Features and Benefits

If you are seeking a home loan from Bajaj Finserv, here are the features that you can enjoy.

  • Online application
    Online application

    Get your home loan without stepping out of your home with our 100% digital processes.

  • Tailored repayment
    Tailored repayment

    Pick a tenor that ranges up to 30 years to repay comfortably, based on your capabilities.

  • PMAY benefit
    PMAY benefit

    Avail the interest subsidy of up to Rs. 2.67 lakh under the CLSS component as an eligible PMAY beneficiary.

  • Balance transfer facility
    Balance transfer facility

    Transfer the home loan from your existing lender to us quickly and with minimal documentation to avail better terms.

  • Additional finance
    Additional finance

    Get a top-up loan to access funds for a variety of needs on cost-effective terms. Use it without any restriction.

  • Speedy disbursal
    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.

Home loan up to Rs. 25 lakh details

Bajaj Finserv Home Loan of up to Rs. 25 lakh can help you buy or build a home to your specifications. This sum can comfortably cater to many of your financing needs, be it purchasing your first home, constructing it, or simply refinancing an existing loan.

With this loan, you also can claim CLSS benefits as a PMAY beneficiary, opt for a comfortable tenor ranging up to 30 years, and take advantage of our property dossier facility. This comprehensive guide on buying property can assist you with the financial and legal aspects of the undertaking.

The loan also has online tools such as the EMI Calculator. It is absolutely crucial that you use it when planning your loan, as it provides invaluable insights for choosing the right loan and EMI amount. For a brief overview of the factors that affect your EMIs, take a look at these tables.

The tenor is the first factor to note as changing the repayment timeline changes the EMIs payable. Consider this example, where the loan amount is Rs. 25 lakh with an interest rate of 10%.

EMI for 25 lakhs

EMI when tenor is 10 years

EMI when tenor is 15 years

EMI when tenor is 20 years

Rs. 33,038

Rs. 26,865

Rs. 24,126

*The table has values that are subject to change.

The second factor is the sanction or loan amount, and here are a few examples to show you how it impacts your EMIs.

Considering the interest rate at 10%, here are the EMIs for different principal amounts and tenors.

Loan amount

Tenor (in Yrs.)

EMI

Rs. 22 lakh

20

Rs. 21,230

Rs. 23 lakh

20

Rs. 22,195

Rs. 24 lakh

20

Rs. 23,161

*The table has values that are subject to change.

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Eligibility criteria

The housing loan eligibility criteria for this instrument are very simple and easy to meet. Here is a list of the terms you should be aware of.
 

Criteria

Self-employed

Salaried

Age (in years)

25 years - 70 years

23 years - 62 years

CIBIL score

750 +

750 +

Citizenship

Indian

Indian

Monthly income

NA

1. Under the age of 37 years: Rs. 30,000

2. 37-45 years: Rs. 40,000

3. Above 45 years: Rs. 50,000

Work experience/business continuity (in years)

5 years

3 years


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

Interest rate and fees

Bajaj Finserv offers some of the most competitive home loan interest rates in the market, thus enabling you to borrow on cost-effective terms.

Read the complete fees and charges applicable on Bajaj Finserv Home Loans and make an informed choice. Click here to know more.

*Terms and conditions apply