Home Loan of up to Rs.2 Crore: Details
Aspiring homeowners looking to buy premium properties no longer have to worry about fund allocations. Consider availing of a Bajaj Housing Finance Home Loan that can help you with sizeable sanctions, going as high as Rs. 2 Crore, or even higher, basis your eligibility.
Home Loan of up to Rs.2 Crore: Features and Benefits
Competitive Interest Rate
Bajaj Housing Finance offers a competitive interest rate starting at 8.50%* p.a. on your housing loan. With this offer, you can avail of a Home Loan with EMIs as low as Rs.733/Lakh*.
Longer Repayment Tenor
Repayment of your Home Loan amount with Bajaj Housing Finance is 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.
5000+ Projects Approved
Avail of the best borrowing deals and hassle-free procedures by choosing a property from our list of 5000+ approved projects.
Home Loan of up to Rs.2 Crore: Eligibility Criteria
It is important to check the Home Loan eligibility criteria so you can maximise your chances availing of a competitive Home Loan.
Readers must note: The upper age limit is considered as age at the time of loan maturity. Additionally, the upper age limit for salaried applicants is subject to change, depending on the property profile.
| parameter | Salaried Home Loan Borrowers | Self-Employed Home Loan Borrowers |
|---|---|---|
| Nationality | Indian (NRIs included) | Indian (resident only) |
| Employment | Minimum 3 years of work experience. | Minimum 5 years of business continuity in the current enterprise |
| Age of borrower | 23** to 75** years | 25** to 70** years |
Home Loan of up to Rs.2 Crore: Documents Required
Before you apply, it’s best to check the list of documents required for a Home Loan.
| Verification Type | Document |
|---|---|
| Personal | KYC documents – Recent photograph, valid passport, valid driving license, Voter ID, Aadhaar Card, NREGA job card, etc. |
| Income | Salary slips – 3 months (salaried applicants, salaried professional applicants), proof of business (self-employed professional, non-professional applicants), etc. |
| Qualification | Education certificates – MBBS and above (self-employed professionals – doctors), valid COP (self-employed professionals – CAs), etc. |
| Financial | Bank account statement – 6 months, ITR, P&L statement (self-employed professional, non-professional applicants), etc. |
| Property related | Title deed, property tax receipts, allotment letter, etc. |
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 housing loan EMI calculator to project 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, taking into account the applicable interest rate of 8.50%**.
| 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.
