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 40 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.

Rs. 25 lakh home loan EMI with varying tenures

The loan also has online tools such as the home loan 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 tenure 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 the home loan interest rate starting from 8.50%* p.a..

Loan amount

Interest Rate

Tenure

EMI

Rs. 25 lakh

8.50%* p.a.

10 years

Rs. 30,930

Rs. 25 lakh

8.50%* p.a.

15 years

Rs. 24,545

Rs. 25 lakh

8.50%* p.a.

20 years

Rs. 21,617

Rs. 25 lakh

8.50%* p.a.

25 years

Rs. 20,047

Rs. 25 lakh

8.50%* p.a.

30 years

Rs. 19,134

Rs. 25 lakh home loan EMI for 20 years

Loan Amount

Rs. 25,00,000

Rate of Interest

8.50%* p.a.

EMI

Rs. 21,617

Total Interest

Rs. 26,87,968

Total Amount Payable

Rs. 51,87,968


Rs. 25 lakh home loan EMI for 15 years

Loan Amount

Rs. 25,00,000

Rate of Interest

8.50%* p.a.

EMI

Rs. 24,545

Total Interest

Rs. 19,18,149

Total Amount Payable

Rs. 44,18,149


Rs. 25 lakh home loan EMI for 10 years

Loan Amount

Rs. 25,00,000

Rate of Interest

8.50%* p.a.

EMI

Rs. 30,930

Total Interest

Rs. 12,11,553

Total Amount Payable

Rs. 37,11,553

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)

23 years - 70 years

23 years - 70 years

CIBIL score

725+

725+

Citizenship

Indian

Indian

Monthly income

Rs. 30,000 to Rs. 40,000 depending on the city of residence and age

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

How to apply for Rs. 25 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.