Overview
Prospective homebuyers who wish to purchase premium properties need not worry about fund allocations. With Bajaj Housing Finance Home Loan you can avail of a sizeable sanction, going as high as Rs. 2 Crore*, or even higher, depending on your eligibility. Our exclusive Home Loan features such as competitive interest rates, longer repayment tenor, and quick disbursal ensure maximum benefits and an easy home-buying experience.
Features and Benefits of Rs.2 Crore Home Loan
Competitive Interest Rate
Bajaj Housing Finance offers a competitive interest rate starting at 8.50%* p.a. for salaried applicants. With this offer, you can avail of a Home Loan with EMIs as low as Rs.733/Lakh*.
Repayment Tenor of 40 Years
With Bajaj Housing Finance, rest assured that your Home Loan repayment will be seamless and hassle-free. You can opt for a repayment tenor of up to 40 years and pay your EMIs conveniently.
Disbursal within 48 Hours*
Get your housing loan amount disbursed in just 48 Hours* post your document verification and approval.
Top-up Loan of up to Rs.1 Crore*
By opting for a Home Loan Balance Transfer, you can enjoy lower interest rates and other charges. Additionally, you can avail of a Top-up Loan starting from Rs.1 Crore*, or more, depending on your eligibility.
Zero Prepayment or Foreclosure Charges
Individual borrowers obtaining housing loans at floating interest rates can prepay or foreclose their Home Loans without incurring any extra charges.
Home Loan Balance Transfer
Existing Home Loan borrowers can transfer their balance with us to maximize savings. For salaried applicants, the interest rate starts at 8.70%* p.a.
Eligibility Criteria for Rs. 2 Crore Home Loan
It is important to check the Home Loan eligibility criteria to maximise your chances of availing of a competitive Home Loan. Here are the easy-to-meet eligibility criteria:
Salaried applicant
- Should be an Indian (including NRIs)
- Should be between 23 and 75 years** of age
- Should have a work experience of at least 3 years
For Self-Employed Individuals
Bajaj Housing Finance home loan eligibility criteria are simple. They are:
- Should be an Indian (resident only)
- Should be between 25 and 70 years** of age
- Should have at least 5 years of continuity in your 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 Home Loan of up to Rs.2 Crore
Our document requirements are minimal, making the verification and loan processing simple and hassle-free. To ensure that your documents are processed quickly, have the following list of documents ready:
- Mandatory documents such as PAN card or Form 60
- KYC documents such as Aadhaar Card or Voter’s ID
- Recent photographs
- Form 16 and/or latest salary slips (for salaried individuals)/TR document and P&L statements (for self-employed individuals)
- Bank account statements of the previous 6 months
- Document for proof of business, with a minimum 5 years’ vintage (for businessmen/self-employed individuals only)
Note: Additional documents may be requested at the time of loan processing.
Rs.2 Crore Home Loan EMIs for Different Tenors
Before you proceed to apply for a housing loan, it is advised that you use the home loan EMI calculator to estimate a rough EMI plan based on your preferred Home Loan terms.
Here are the details of the EMIs for a Home Loan of Rs.2 Crore for different tenors, considering the applicable interest rate of 8.50%*p.a.
| Loan Amount (In Rs) | Tenor | EMIs (In Rs.) |
|---|---|---|
| 2 Crore | 40 years | 1,46,619 |
| 2 Crore | 30 years | 1,53,783 |
| 2 Crore | 25 years | 1,61,045 |
| 2 Crore | 20 years | 1,73,565 |
| 2 Crore | 15 years | 1,96,948 |
| 2 Crore | 10 years | 2,47,971 |
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.
How to Apply for a Home Loan of up to Rs.2 Crore
Applying for a Home Loan with Bajaj Housing Finance is easy. Follow the simple steps given below:
- Visit our website for the online application form. You can also click ‘Apply Now’ to apply for a Home Loan.
- Select your loan and employment type.
- Provide specific details based on your employment type, such as salary amount, annual turnover, and business vintage.
- If you've already chosen your property, enter its details in the final stage of the form.
After submitting the form, our representative will reach out to guide you through the next steps, including document submission, verification, and disbursal.
You can apply for a Home Loan offline by visiting any of our branches across India.
*Terms and conditions apply.
