Features and benefits of 40 lakh home loan
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Online application
Get your home loan without stepping out of your home with our 100% digital processes.
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Tailored repayment
Pick a tenor that ranges up to 40 years to repay comfortably, based on your capabilities.
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PMAY benefit
Avail the interest subsidy of up to Rs. 2.67 lakh under the CLSS component as an eligible PMAY beneficiary.
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Balance transfer facility
Transfer the home loan from your existing lender to us quickly and with minimal documentation to avail better terms.
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Additional finance
Get a top-up loan to access funds for a variety of needs on cost-effective terms. Use it without any restriction.
Home loan up to Rs. 40 lakh details
Bajaj Finserv home loan is a feature-rich housing solution that offers high-value financing alongside convenient repayment terms. Through this specialized offering, you can qualify for and avail of a sanction of up to Rs. 40 lakh with ease. Get the loan at a competitive interest rate and a flexible tenor when you meet our simple eligibility criteria. Repay over a lengthy period of up to 40 years, thus ensuring that your monthly instalments are budget-friendly.
Rs. 40 lakh home loan EMI with varying tenures
Our loan also comes with online tools such as the home loan EMI calculator. Using it, you can plan your loan, know more about the EMIs payable, and find the best tenor for your budget. To help you make this decision, here are a few tables you can refer to.
To get the estimates of EMI of 40 lakh home loan with different tenor, consider the examples with the applicable interest rate set at 8.45%* p.a.
Loan amount |
Interest Rate |
Tenure |
EMI |
Rs. 40 lakh |
8.45%* p.a. |
10 years |
Rs. 49,487 |
Rs. 40 lakh |
8.45%* p.a. |
15 years |
Rs. 39,272 |
Rs. 40 lakh |
8.45%* p.a. |
20 years |
Rs. 34,586 |
Rs. 40 lakh |
8.45%* p.a. |
25 years |
Rs. 32,074 |
Rs. 40 lakh |
8.45%* p.a. |
30 years |
Rs. 30,615 |
Rs. 40 lakh home loan EMI for 20 years
Loan Amount |
Rs. 40,00,000 |
Rate of Interest |
8.45%* p.a. |
EMI |
Rs. 34,586 |
Total Interest |
Rs. 43,00,748 |
Total Amount Payable |
Rs. 83,00,748 |
Rs. 40 lakh home loan EMI for 15 years
Loan Amount |
Rs. 40,00,000 |
Rate of Interest |
8.45%* p.a. |
EMI |
Rs. 39,272 |
Total Interest |
Rs. 30,69,038 |
Total Amount Payable |
Rs. 70,69,038 |
Rs. 40 lakh home loan EMI for 10 years
Loan Amount |
Rs. 40,00,000 |
Rate of Interest |
8.45%* p.a. |
EMI |
Rs. 49,487 |
Total Interest |
Rs. 19,38,485 |
Total Amount Payable |
Rs. 59,38,485 |
Home loan EMI with other loan amount
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 |
Varies from location |
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.
*Conditions apply
How to apply for Rs. 40 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.
