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Rs.20 Lakh Home Loan: Overview

Aspiring Home Loan borrowers stand to gain a lot from the Bajaj Housing Finance Home Loan offerings, including a sanction amount that can be tailored to your unique home finance requirements. If you are looking for a housing loan of up to Rs.20 Lakh, all you have to do is meet our simple eligibility parameters to enjoy our attractive Loan terms.


Home Loan ​of ​up to Rs.20 Lakh: Features and Benefits

Some of the key features of the Bajaj Housing Finance Home Loan include:

No Part-Prepayment and Foreclosure Charges

Individual borrowers with floating interest rate Home Loans can prepay or foreclose their loan accounts at no additional charges.

Flexible Tenor

When you get Home Loan from Bajaj Housing Finance, you have the option to repay the loan amount at your pace, with a repayment tenor that goes up to 40 years.

Minimal Documentation

We have easy-to-meet eligibility criteria with a basic documentation mandate to ensure accessibility and hassle-free processing for all.

Online Account Management

Access your loan details and transaction records via our customer portal online, without the hassle of visiting our physical branch.

Online Home Loan Calculators

To maximise your chances of getting approved for a Home Loan amount of your choice, you can use our online tools to appraise and make the right Home Loan application.

Quick Processing

Enjoy a hassle-free process with doorstep document pick-up, easy approval, and speedy disbursal. With us, you’re assured of maximum convenience along with a competitive Home Loan interest rate.

EMI Details for a Home Loan of up to Rs.20 Lakh_WC

Home Loan of up to Rs.20 Lakh: EMI for Various Tenors

To get an accurate idea of what your EMI payable can look like, upon availing a Home Loan of Rs.20 Lakh, consider using the Loan EMI Calculator. You will only need to insert the following information to receive the results – loan principal amount, interest rate, and your preferred repayment tenor.

For a better understanding, let us look at the possible EMI payable, based on various Home Loan scenarios:

Rs.20 Lakh Home Loan EMI for 40 years

Loan amount Tenor Interest EMI
Rs. 20 Lakh 40 years 8.50%* p.a. Rs. 14,662

Rs. 20 Lakh Home Loan EMI for 30 years

Loan amount Tenor Interest EMI
Rs. 20 Lakh 30 years 8.50%* p.a. Rs. 15,378

Rs. 20 Lakh Home Loan EMI for 20 years

Loan amount Tenor Interest EMI
Rs. 20 Lakh 20 years 8.50%* p.a. Rs. 17,356

Rs.20 Lakh Home Loan EMI for 15 years

Loan amount Tenor Interest EMI
Rs. 20 Lakh 15 years 8.50%* p.a. Rs. 19,695

Rs. 20 Lakh Home Loan EMI for 10 years

Loan amount Tenor Interest EMI
Rs. 20 Lakh 10 years 8.50%* p.a. Rs. 24,797

*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.

Home Loan EMI Calculator

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Home Loan of up to Rs.20 Lakh: Eligibility Criteria

To qualify for your desired Loan amount for a home, you should fit in the below mentioned eligibility criteria:

Home Loan Eligibility Criteria For Self-Employed Applicants For Salaried
Age 25 – 70 years** 23 – 75 years**
Citizenship Status Indian residents (residents only) Indians (including NRIs)
Employment status A business vintage of at least 5+ years in the current enterprise Work experience of at least 3+ years at a public/private sector company, or an MNC

**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.


Interest Rate and Other charges

The Bajaj Housing Finance Home Loan comes at an attractive interest rate starting at 8.50%* p.a., for salaried applicants who meet the eligibility criteria. Pay EMIs as small as Rs.733/Lakh* only and save substantially on your cost of borrowing.  To learn more about the other fees and charges,click here.

Home Loan of up to Rs.20 Lakh: How to Apply

Steps to Apply for a Home Loan ​of ​up to 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:

  1. Visit the Home Loan application form on the Bajaj Housing Finance website
  2. Select your employment type, the loan type you want, and your PIN code
  3. Next, provide your identification, PAN, and income details
  4. Provide relevant information about the property you want to buy, if you have already made your choice
  5. Submit the form successfully

*Terms and conditions apply

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