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Rs.1 Crore Home Loan
Homebuyers who wish to purchase their dream home often look for a Home Loan to ensure a smooth homebuying journey. Apart from the financial ease, a Home Loan is a versatile and convenient way of accommodating varied homebuying requirements.
If you are planning to avail of a Home Loan of Rs.1 Crore, you can benefit from a sizeable sanction, long repayment tenure, and a host of other features with us.
Features and Benefits of Rs.1 Crore Home Loan
Competitive Interest Rate
Eligible salaried, self-employed, and professional applicants can benefit from our competitive Home Loan interest rates.
Sizeable Loan Sanction
The Bajaj Housing Finance Home Loan allows sizeable loan sanctions to applicants who satisfy our easy eligibility criteria.
Long Repayment Tenure
Our borrowers can benefit from our long repayment tenure of up to 32 years, ensuring comfortable repayment.
Online Account Management
We make handling your Home Loan details easier for you by way of our Online Account Management portal, which lets you access your loan details without visiting our branch in person.
Zero Part-Prepayment and Foreclosure Charges
If you are an individual servicing our Home Loan with a floating interest rate, you enjoy zero part-prepayment and foreclosure charges.
Eligibility for a Rs.1 Crore Home Loan
To apply for a Home Loan of Rs.1 Crore Home Loan, you need to meet the following criteria:
| Applicant Type | Eligibility Criteria |
|---|---|
| Salaried Individuals | Must be an Indian citizen (including NRIs) Age should be between 23 and 67 years** Minimum work experience of 3 years |
| Self-Employed Individuals | Must be an Indian resident Age should be between 25 and 70 years** Must show at least 3 years of continuity in the current business |
**The upper age limit is considered as the 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 for a Home Loan of Rs.1 Crore
Keep the following documents*** handy for quick verification:
| Document Type | Details |
|---|---|
| KYC Documents | Identity proof and address proof documents, such as Aadhaar Card, Voter ID, or Driving Licence |
| Mandatory Documents | PAN Card or Form 60 |
| Photographs | Recent passport-sized photographs |
| Income Proof | Latest salary slips for salaried applicants / ITR documents, and profit & loss statements for self-employed applicants |
| Bank Statements | Bank account statements for the previous 6 months |
| Business Proof | Proof of business continuity with a minimum vintage of 3 years (applicable for self-employed applicants/business owners only) |
***This list is indicative.
EMI for Different Tenures for a Home Loan of Rs.1 Crore
It is suggested that before you proceed to apply for a housing loan, use the Home Loan EMI Calculator to project a tentative EMI plan, based on your preferred Home Loan terms.
Following are the details of EMIs for Rs.1 Crore Home Loan for various tenures at an interest rate of 7.25%*p.a.:
| Loan Amount (in Rs.) | Tenure | EMIs (in Rs.) |
|---|---|---|
| 1 Crore | 32 years | Rs.67,052 |
| 1 Crore | 25 years | Rs.72,281 |
| 1 Crore | 20 years | Rs.79,038 |
| 1 Crore | 15 years | Rs.91,286 |
| 1 Crore | 10 years | Rs.1,17,401 |
*The values in the preceding tables are subject to change.
Disclaimer:- The interest rate considered here, and its subsequent calculations are for illustrative purposes only. The calculations and actuals will differ basis the individual’s profile and loan requirements.
Tax Benefits on a Rs.1 Crore Home Loan
Under the old tax regime of the Income Tax Act, 2025, you can claim the following deductions on your Home Loan:
| Deduction Applicable On | Income Tax Section | Maximum Deduction (in Rs.)/p.a. | Parameters |
|---|---|---|---|
| Home Loan Principal | 123 | 1.5 Lakh | A residential property financed by a Home Loan cannot be sold within the first 5 years of possession. |
| Home Loan Interest | 22 | 2 Lakh | The funds procured through a Home Loan must be used for the purchase or construction of a residential property. The construction must be completed within 5 years from the end of the tax year in which the loan amount was disbursed. |
How to Apply for a Rs.1 Crore Home Loan with Bajaj Housing Finance
If you are planning to apply for a Home Loan, the application process is simple and convenient to complete:
- Visit the Home Loan application form.
- Select the type of Home Loan you wish to apply for and choose your employment category.
- Next, fill in the requested details, such as your name and monthly income.
- Enter the required details, such as your name, monthly income, and other requested information.
- Click on ‘Generate OTP’ and enter the OTP received on your registered mobile number. Then select ‘Proceed’.
- Fill in the remaining financial and personal details required in the application form. (Please note that the fields may vary depending on your employment type.)
- Review the information and submit the application form.
The application process is designed to be quick and hassle-free. Once your application is submitted, a representative will usually connect with you within 24 hours* to guide you through the next steps.
*Terms and conditions apply.
Frequently Asked Questions
The EMI for a Rs.1 Crore Home Loan depends on factors such as the applicable interest rate and loan tenure. You can use our Home Loan EMI Calculator to get an accurate estimate.
Bajaj Housing Finance offers Home Loans at competitive rates. To know more about our interest rate, click here.
You can benefit from a long repayment tenure of 32 years with Bajaj Housing Finance.
Yes, you can apply for a Rs.1 Crore Home Loan online by filling out our application form.
A salaried applicant who has applied for a Rs.1 Crore Home Loan for 25 years at an interest rate of 7.15%* p.a. will have to pay Rs.71,638 as an EMI.
