Home Loan up to Rs. 45 lakh

With Bajaj Finserv, borrowers can avail a substantial amount, for instance, Rs. 45 lakh home loan or more, to cater to all your home finance requirements, ranging from house purchase, construction of a house, and even while transferring your existing loan.

Besides, you can also avail of additional benefits like PMAY subsidy, top-up loan, flexible repayment tenor, and more. To reap the benefits of this financial product, check eligibility criteria for home loan and fulfil them diligently.

One must fulfil the home loan eligibility criteria to qualify for a home loan up to Rs. 45 lakh or more from Bajaj Finserv, following are the eligibility parameters:

For salaried individuals

• Applicants should be aged between 23 years to 67 years** of age
  
• One must be a resident of India
• Applicants must have stable employment with a work experience of 3 years
• One must meet the minimum income and property value requirement

For self-employed individuals

• One must be aged between 23 years to 70 years**
  
• Must be an Indian resident
• Applicants should have a stable business vintage of at least 5 years

Besides meeting home loan eligibility criteria, individuals are required to have basic documents required for home loan. The documents include-

• KYC documents (identity and address proof)
• Latest salary slips or Form 16
• Profit and Loss statement, TR documents of previous 2 years
• Bank account statement of last 6 months
• Business existence proof

** The upper age limit is considered as age, at the time of loan maturity.

On a Rs. 45 lakh home loan, the applicable home loan interest rate for salaried individuals and professional applicants starts from 7.45%* p.a, provided they meet the required eligibility criteria.

Since the interest rate affects the overall borrowing cost, one must keep a tab on home loan interest rates and borrow accordingly.

Wondering for what kind of interest rates you might qualify? Check your eligibility now using your mobile phone number and OTP for verification.

To understand the overall EMI breakup when availing of a home loan of Rs. 45 lakh; individuals can take help of a home loan EMI calculator. This is because the EMIs for this amount can differ based on tenor and interest rate.

Besides, an online home loan EMI calculator will allow individuals to modify these determinants to reach desirable results. Such online calculators are free and easy to use.

For a comprehensive home loan EMI structure for Rs. 45 lakh home loan, read along.

EMI for an Rs. 45 lakh home loan for 30 years

EMI for an Rs. 45 lakh home loan for 20 years

EMI for an Rs. 45 lakh home loan for 15 years

From the above classification, borrowers can see that for a Rs. 45 lakh home loan, the EMI for a repayment tenor of 15 years is higher than the EMI for 20 years for the same amount. Hence, one must carefully choose the tenor and amount carefully to avoid repayment burden in the long run. To start planning your housing finance, check your loan offers from Bajaj Finserv now. You might already be eligible; find out by entering your mobile number and OTP.

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