Home Loan
Enter your first and last name
Please enter Full Name
Enter your 10-digit mobile number
Mobile No can not be blank
Enter your pin code
Pin Code can not be blank
null
null

I authorize Bajaj Finserv representative to call /SMS towards this application and other products/services. This consent overrides my registration for DNC/NDNC.T&C

Please accept the terms and conditions
An OTP has been sent on your mobile number

Enter one-time password

0 Seconds
Entered wrong mobile number ?
null
Enter net monthly salary
Net Monthly Salary can not be blank
Please enter loan amount required
null
null
Please Select Property Location
null
select date of birth
Please enter your date of birth
Enter PAN card details
Pan Card can not be blank
Select employer name from the list
Enter personal email address
Personal Email can not be blank
Enter official email address
Official Email ID can not be blank
Enter current monthly obligations
null
null
null
null
null
Select business vintage value
Enter your monthly salary
Net Monthly Salary can not be blank
null
Please enter loan amount required
null
Please Select Balance Transfer Bank
null
null
Select Property Location
Enter annual turnover (18-19)
Enter your Annual Turnover 17-18

Thank you

Simple Tips to Reduce Your Home Loan Tenor

Remember, the more time you take to repay your home loan, the more interest you will need to pay. In order to avoid this, you should try to decrease your loan tenor whenever possible.

Let us say that you bought a house a couple of years back, for which you took a home loan of Rs. 50 lakh at 11% interest. Your loan tenor was 20 years, and your EMI amount was Rs. 51,610. Banks routinely change the home loan interest rate depending upon the current RBI guidelines. Let us assume that your bank chooses to slice rates to 10.75% today. This means your EMI will be decreased to Rs. 50,671.

If you keep on paying the first EMI (Rs. 51,610), you can lessen your loan tenor by 1 year, as you will end up repaying your loan sooner, and will also save Rs. 6.71 lakh on interest cost. All you have to do is keep paying a marginally higher EMI.

To calculate how much EMI you will need to pay to end the loan during your desired tenor, use our home loan EMI calculator.