Home Loan up to Rs. 35 lakh

To secure a housing loan from Bajaj Finserv without any hassle, individuals need to qualify for the home loan eligibility criteria mentioned below:

For salaried individuals

• Age: 23 years to 70 years** salaried individuals
  
• Applicant must be an Indian resident
  
• Work experience: Minimum 3 years

For self-employed individuals

• Age: 23 years to 70 years** self-employed individuals
  
• Must be an Indian resident
  
• Must possess a business vintage of at least 5 years
  

Besides meeting these qualifying parameters, individuals need to submit the following documents required for home loan at Bajaj Finserv:

• KYC documents
• Latest salary slips/ Form 16
• Profit and Loss statement, TR documents of previous 2 years
• Bank account statement of last 6 months
• Business existence proof showing 5 years of continuity

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

The applicable home loan interest rate for a 35 lakh home loan for salaried individuals and professional applicants starts at 8.50%* p.a, if they’re able to meet the eligibility criteria.

However, individuals must stay aware of the housing loan rates as it determines the overall outstanding loan amount. Additionally, individuals can take assistance from an EMI calculator to obtain suitable results.

To get a clear understanding of monthly instalments while securing a home loan of 35 lakh, individuals can use a home loan EMI calculator. This online device provides a comprehensive idea of repayment as the EMI value alters based on the interest rate and tenor.

Moreover, an EMI calculator for home loan will allow individuals to alter these determinants and find suitable results as per their affordability. Moreover, these online tools are free and easy to access.

Read on for more information on home loan EMI for 35 lakh home loans.

Since the monthly instalment varies based on the tenor and interest rate, the following table will show you a clear picture of the same. Here, the interest rate is constant.

EMI for an Rs. 35 lakh home loan for 30 years

EMI for an Rs. 35 lakh home loan for 20 years

EMI for an Rs. 35 lakh home loan for 10 years

From the above classification, borrowers can see EMIs for a 35 lakh home loan and how it changes significantly depending on the tenor. Thus, individuals need to select a repayment tenor accordingly to find an instalment suiting their affordability.