Home Loan up to 35 Lakh Details
The customised home loan offers by Bajaj Finserv are uniquely designed to cater to a wide range of financing requirements of intending borrowers. Irrespective of different requirements such as house purchase, construction, or refinancing an existing loan, Bajaj Finserv Home Loan can be your ideal choice. Therefore, borrowers can conveniently avail 35 lakh home loan or more based on their eligibility.
Besides, Bajaj Finserv offers additional benefits such as PMAY subsidy, top-up loan, property dossier, online account management services, etc.
Take a look at the eligibility parameters explained below to avail of a home loan up to 35 lakh.
35 Lakh Home Loan Eligibility & Documents Required
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.
Interest Rate Applicable on Rs. 35 Lakh Home Loan
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.
35 Lakh Home Loan EMI Details
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.
EMI Calculation for a 35 lakh Home Loan with Varying Tenors
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.
Loan Tenure (Years) |
Loan Amount (Rs.) |
Interest Rate |
EMI (Rs.) |
30 |
35,00,000 |
8.50%* p.a |
26,912 |
20 |
35,00,000 |
8.50%* p.a |
30,374 |
10 |
35,00,000 |
8.50%* p.a |
43,395 |
Features and benefits of a home loan from Bajaj Housing Finance
Prospective borrowers considering a home loan can explore the Bajaj Housing Finance Home Loan features outlined below:
Competitive interest rates
With rates starting at 8.50%* p.a, Bajaj Finance provides an economical home loan option tailored to suit various budgets.
Quick disbursement
Experience swift loan disbursals with Bajaj Finance. Get your sanctioned amount credited to your account within just 48 Hours* post approval.
Generous top-up loan
Secure an additional top-up loan at a competitive interest rate to manage other financial commitments effortlessly.
Hassle-free balance transfer
Switch your current home loan to Bajaj Finance with minimal paperwork and enjoy potential savings.
Extended loan tenure
With a tenure that can go up to 40 years, Bajaj Finance offers borrowers ample time to strategise their EMI repayments.
Flexible repayment options
Benefit from Bajaj Finance’s flexible repayment plans with no extra charges on part-prepayments and foreclosures.
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.
Frequently asked questions
For a Rs. 35 lakh home loan with a tenure of 15 years at an interest rate of 8.50%, the Equated Monthly Instalment (EMI) would be approximately Rs. 34,065. This calculation includes both the principal amount and the interest over the loan tenure.
For a Rs. 35 lakh loan over a 5-year tenure at an interest rate of 8.50%, the Equated Monthly Instalment (EMI) would be approximately Rs. 73,639. This calculation considers both the principal repayment and the accrued interest over the loan's duration.
For a Rs. 30 lakh home loan with a tenure of 15 years at an interest rate of 8.50%, the monthly Equated Monthly Instalment (EMI) would be approximately Rs. 29,851. This EMI includes both the principal amount and the interest accrued over the loan period.
