Rs.15 Lakh Home Loan - EMI, Eligibility and Interest Rate @8.25%*

Home Loan of Rs.15 Lakh: Overview

Planning to own your dream home? You can avail of a Home Loan of up to Rs.15 Lakh to turn your aspiration into reality. With a flexible repayment tenor, competitive interest rate, and quick approval, a customised housing loan can be a feasible financial option to purchase a property and meet your housing needs.

Features and Benefits of Rs.15 Lakh Home Loan

Flexible Repayment Tenor

We offer the convenience of repaying your Home Loan over a period of up to 32 years, providing feasibility and ease of repayment.

Attractive Interest Rate

Bajaj Housing Finance offers Home Loans at competitive interest rates to salaried, self-employed, and professional applicants.

Doorstep Document Pickup

Experience a convenient Home Loan application process with our doorstep document pickup facility.

Online Account Management

Access your loan account details, manage transactions, and conveniently pay your Home Loan EMIs anytime anywhere.

Eligibility Criteria for Rs.15 Lakh Home Loan

With our simple eligibility criteria, you can easily apply for a Home Loan of Rs.15 Lakh. Based on your employment type, you need to meet the following eligibility criteria:

A salaried applicant should:

Be an Indian citizen (including NRIs)
Fall within the age range of 23 to 67 years**
Have a minimum of 3 years of work experience

A self-employed applicant should:

Be an Indian (resident only)
Be between 23 and 70 years** of age
Have at least 3 years of vintage in the current business

**The upper age limit is considered as age at the time of loan maturity. Additionally, the upper age limit for applicants is subject to change, depending on the property profile.

Documents Required to Apply for a Home Loan of up to Rs.15 Lakh

We require minimal documentation to process your Home Loan. Keep the following documents*** handy to experience a hassle-free homeownership journey:

KYC documents (Aadhaar Card or Voter’s ID Passport)
Address proof such as Utility Bills
Mandatory documents (PAN Card or Form 60)
P&L statements, income documents showcasing consistent income from the current business with a vintage of at least 3 years (for self-employed applicants)
3 months’ salary slips (for salaried applicants)
Property-related documents such as Title Deed, Property Tax Receipts, and Allotment Letter

***This list of documents is indicative. We may request additional documents at the time of loan processing.

Rs.15 Lakh Home Loan EMIs for Various Tenors

Understanding the EMIs for a Home Loan of Rs.15 Lakh in advance can help you plan your finances better. You can use our Home Loan EMI Calculator to estimate the EMIs based on the loan amount, interest rate, and tenor.

The following tables show the EMI calculations for Home Loans of Rs.15 Lakh over various tenors:

EMI for Rs.15 Lakh Home Loan for 32 Years

Loan Amount	Tenor	Interest	EMI
Rs.15 Lakh	32 years	8.25%*	Rs.11,113

EMIs for Rs.15 Lakh Home Loan for 25 Years

Loan Amount	Tenor	Interest	EMI
Rs. 15 Lakh	25 years	8.25%*	Rs.11,827

EMIs for Rs.15 Lakh Home Loan for 15 Years

Loan Amount	Tenor	Interest	EMI
Rs. 15 Lakh	15 years	8.25%*	Rs.14,552

EMIs for Rs.15 Lakh Home Loan for 5 Years

Loan Amount	Tenor	Interest	EMI
Rs. 15 Lakh	5 years	8.25%*	Rs.30,594

Home Loan of Rs.15 Lakh – Steps to Apply Online

Applying for a Home Loan of Rs.15 Lakh with Bajaj Housing Finance is simple with our online application form. Here are the steps to apply online:

Go to our Home Loan application form.
Enter your personal details, such as name, phone number and employment type.
Select the type of loan you wish to avail of.
Enter your net monthly income and PIN code.
Enter the required loan amount.
Generate OTP and enter it.
Proceed to fill in the financial details.
Submit the application form.

Once you submit the Home Loan application form, our representative will contact you within 24 hours* to discuss the next steps.

*Terms and conditions apply.

FAQs

Your monthly instalments for a Home Loan of Rs.15 Lakh depend on the applicable interest rate and tenor. You can use our Home Loan EMI Calculator to know your EMIs instantly. To use the calculator, follow these steps:

Enter the loan amount you wish to borrow.
Select or enter the tenor.
Enter the applicable rate of interest.

The calculator will display the tentative EMI amount.

Bajaj Housing Finance offers Home Loans of Rs.15 Lakh to salaried, self-employed, and professional applicants at competitive interest rates and flexible repayment tenors. You need to meet the following eligibility criteria to apply for a Home Loan of Rs.15 Lakh:

Salaried Applicants:

Should be Indian citizens (including NRIs)
Should be between 23 and 67 years** of age
Should have at least 3 years of work experience

Self-Employed Applicant:

Should be an Indian (resident only)
Should be aged between 23 and 70 years**
Should at least have 3 years of continuity in the current business

**The upper age limit is considered as age at the time of loan maturity. Additionally, the upper age limit for applicants is subject to change, depending on the property profile.