Features and Benefits of Home Loan Up To Rs. 50 lakh
Applicants interested in availing a housing loan, can read more to know about the features of the Bajaj Finserv Home Loan.
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Reasonable rate of interest
Starting from 8.50%* p.a., Bajaj Finserv offers applicants an affordable home loan option to fit their finances.
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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.
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Large top-up loan
Get a high-value top-up loan with a nominal rate of interest to address other obligations with ease.
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Easy balance transfer
Transfer the home loan you have to Bajaj Finserv by submitting minimal documentation and save more.
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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.
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Digital monitoring
Now keep a close eye on all your loan developments and EMI schedules through the Bajaj Finserv online platform.
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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.
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Property dossier facility
Get a handy guide to assist with the legal and financial aspects of owning property in India.
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Flexible repayment
Repay comfortably by selecting a tenor that ranges up to 40 years.
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PMAY benefits
Get an interest subsidy of up to Rs. 2.67 lakh under the CLSS component as a PMAY beneficiary.
Home loan up to Rs. 50 lakhs Details
This tailored housing loan from Bajaj Finserv offers a sanction of up to Rs. 50 lakhs, ideal for borrowers looking to purchase a home. It comes with a competitive interest rate and has lengthy repayment terms that go up to 40 years. This helps you keep your EMIs affordable while ensuring the cost of borrowing isn’t high.
Our home loan has many benefits, one of which is that it offers the property dossier, which can be immensely helpful to both first-time home buyers and those with prior experience.
What’s more, it comes with the home loan EMI calculator. This tool is easy to use, offers quick results, and is always accurate. It helps you plan the loan in a more efficient manner. Use it to make crucial financial decisions based on accurate calculations.
Home Loan EMIs for Loans of Rs. 50 Lakh
Here are a few tables to offer insight into the EMIs payable for different conditions. You can also use our home loan calculator to calculate EMIs for different loan amounts with different tenors.
Condition 1: When the tenor varies for a loan amount of Rs. 50 lakhs availed at an interest rate of 8.45%* p.a.
Loan amount |
Interest Rate |
Tenure |
EMI |
Rs. 50 lakh |
8.50%* p.a. |
10 years |
Rs. 61,859 |
Rs. 50 lakh |
8.50%* p.a. |
15 years |
Rs. 49,091 |
Rs. 50 lakh |
8.50%* p.a. |
20 years |
Rs. 43,233 |
Rs. 50 lakh |
8.50%* p.a. |
25 years |
Rs. 40,093 |
Rs. 50 lakh |
8.50%* p.a. |
30 years |
Rs. 38,269 |
Rs. 50 Lakh Home Loan EMI for 20 Years
Loan Amount |
Rs. 50,00,000 |
Rate of Interest |
8.50%* p.a. |
EMI |
Rs. 43,233 |
Total Interest |
Rs. 53,75,935 |
Total Amount Payable |
Rs. 1,03,75,935 |
Rs. 50 Lakh Home Loan EMI for 15 Years
Loan Amount |
Rs. 50,00,000 |
Rate of Interest |
8.50%* p.a. |
EMI |
Rs. 49,091 |
Total Interest |
Rs. 38,36,298 |
Total Amount Payable |
Rs. 88,36,298 |
Rs.50 Lakh Home Loan EMI for 10 Years
Loan Amount |
Rs. 50,00,000 |
Rate of Interest |
8.50%* p.a.. |
EMI |
Rs. 61,859 |
Total Interest |
Rs. 24,23,106 |
Total Amount Payable |
Rs. 74,23,106 |
How to apply Rs. 50 lakh home loan
Here is the step-by-step guide to applying for a home loan of Rs. 50 lakh:
- 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.
Eligibility criteria* for availing home loan up to Rs. 50 lakhs
The eligibility criteria for home loan are crucial to the application process. To ensure you get fast approval, meet these requirements.
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Nationality
Indian
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Age
23 years to 65 years for salaried individuals, and 23 years to 70 years for self-employed applicants
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Employment status
At least 3 years of experience for salaried borrowers, and at least 5 years of business continuity for self-employed individuals
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CIBIL score
Check your CIBIL Score for FREE750 or higher
Interest rates and charges
Check the current home loan interest rates and additional fees and charges on your home loan.
*Conditions apply