Rs.20 Lakh Home Loan
Buying a home is an important milestone, and the right financing can make it easier. With a Sambhav Home Loan, Bajaj Housing Finance offers tailored housing finance options. Eligible applicants can avail of funding of up to Rs. 20 Lakh and benefit from attractive loan terms.
Features and Benefits of a Home Loan of up to Rs.20 Lakh
Some of the key features of the Bajaj Housing Finance Home Loan include:
Easy Eligibility Norms
With our easy eligibility norms, you can apply for a Sambhav Home Loan with or without income proof.
Flexible Repayment Options
Our long repayment tenure of up to 25 years helps you repay your loan comfortably.
Easy Application Process
You can choose to apply for a Sambhav Home Loan online by accessing our application form or visiting your nearest branch to apply offline.
Wide Branch Network
Our strong branch presence across multiple locations ensures easy access to our services and reliable support.
Eligibility Criteria for a Home Loan of up to Rs.20 Lakh
To qualify for a Sambhav Home Loan amount, you need to meet the following eligibility criteria:
| Home Loan Eligibility Criteria | For Self-Employed Applicants | For Salaried Applicants |
|---|---|---|
| Age | 23– 70 years** | 23 – 62 years** |
| Residential Status | Indian residents | Indian residents |
**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.
Required Documents to Apply for a Rs.20 Lakh Housing Loan
Planning to apply for a Sambhav Home Loan of Rs.20 Lakh? Here’s a list of documents*** that you need to submit along with your Home Loan application:
| Applicant Type | Document Category | Documents Required |
|---|---|---|
| Salaried Applicants | Mandatory Documents | PAN Card or Form 60 (Borrowers without a PAN Card may submit Form 60) |
| KYC Documents | Recent photograph, Voter’s ID, valid current address proof, proof of possession of Aadhaar, valid driving licence | |
| Property-Related Documents | Title deed, allotment letter, property tax receipts | |
| Self-Employed Applicants | Mandatory Documents | PAN Card or Form 60 (Borrowers without a PAN Card may submit Form 60) |
| KYC Documents | Recent photograph, Voter’s ID, valid current address proof, proof of possession of Aadhaar, valid driving licence, business vintage proof | |
| Property-Related Documents | Title deed, allotment letter, property tax receipts |
***This list is indicative.
Steps to Apply for a Home Loan of Rs.20 Lakh
Your Home Loan application journey with Bajaj Housing Finance will be hassle-free and over in minutes. Here is all you have to do:
- Visit the Home Loan application form on the Bajaj Housing Finance website.
- Enter your personal details such as your name, mobile number, and select the type of employment.
- Select the loan type you wish to avail of. Then, enter your net monthly income. Note: Click the info icon to learn more about the monthly income you need to enter.
- Enter the PIN code and the required loan amount.
- Click ‘Generate OTP’ and enter the received OTP in the respective field. After entering the OTP, click ‘Proceed'.
- Next, enter all the financial details as requested and complete the form. Note: The fields that you need to fill may vary basis your employment type.
- Click ‘Submit’ to submit the application form.
Once we receive your housing loan application, our representative will get in touch with you within 24 hours* to walk you through the next steps.
*Terms and conditions apply.
Rs.20 Lakh Home Loan: FAQs
To check your eligibility for a Home Loan, you can use our eligibility calculator. Here is how you can get started:
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Select your city of residence.
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Enter or select your date of birth.
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Enter your monthly income and obligations.
Once you enter the details, the calculator will instantly show the loan amount you can qualify for.
The EMI for a Rs.20 Lakh Home Loan depends on factors such as the interest rate, loan tenure, and your credit profile. To get the most accurate EMI based on your financials, use our Home Loan EMI Calculator. It lets you adjust tenure and interest rate to find a monthly payment that suits your finances.
