Rs.25 Lakh Home Loan: Details
A Home Loan can be an ideal credit solution for your homebuying expenses. Bajaj Housing Finance offers housing loans at competitive interest rates. Additionally, you can also benefit from a longer repayment tenure, allowing you to make the repayment comfortably.
Features and Benefits of a Home Loan Worth Rs.25 Lakh
Easy Balance Transfer
If you are looking to upgrade your current Home Loan terms, look no further than Bajaj Housing Finance. Transfer your Home Loan balance to us and save by getting a competitive interest rate.
Attractive Refinancing Options
Looking for additional financing to furnish your new house, or another expense that is in the pipeline? Avail of a Top-up Loan, basis your eligibility and use the funds to cover other housing expenses.
Flexible Repayment Tenure
You can benefit from our long repayment tenure and repay your loan amount, comfortably at your own pace.
Hassle-Free Documentation
You can take a Housing Loan through a hassle-free method. Bajaj Housing Finance requests minimal documentation, which you can choose to submit through our doorstep pick-up service.
Eligibility Criteria for a Home Loan Worth Rs.25 Lakh
For the Bajaj Housing Finance Home Loan, you don’t have to worry about filling out long forms for your eligibility. Our eligibility parameters are simple and easy to meet.
| Eligibility Parameters | For Salaried Individuals | For Self-Employed Individuals |
|---|---|---|
| Nationality | Indian (including NRIs) | Indian (resident only) |
| Employment | Minimum 3 years of work experience with a reputed employer | Minimum 3 years of vintage in current enterprise |
| Age | 23 to 67 years** | 23 to 70 years** |
| Place of Residence | Should reside in any of the cities we operate in | Should reside in any of the cities we operate in |
**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.
Interest Rate on a Home Loan Worth Rs.25 Lakh
Our Home Loans are sanctioned at attractive Home Loan interest rates, ensuring that you get the best deal as per your eligibility.
EMIs for a Home Loan of Rs.25 Lakh Over Various Tenure
If you intend to avail of a Rs.25 Lakh Home Loan but are unsure of the monthly payments, the EMI calculator for a Home Loan can help you know the EMIs and payable interest in advance. The tool's ease of use and prompt calculations make it ideal. EMI calculations based on various repayment tenors are shown in the table below:
Rs.25 Lakh Home Loan EMI for 32 years
| Loan amount | Tenure | Interest | EMI |
|---|---|---|---|
| Rs.25 Lakh | 32 years | 7.99%* | Rs.18,521 |
Rs.25 Lakh Home Loan EMI for 20 years
| Loan amount | Tenure | Interest | EMI |
|---|---|---|---|
| Rs.25 Lakh | 20 years | 7.99%* | Rs.21,302 |
Rs.25 Lakh Home Loan EMI for 10 years
| Loan amount | Tenure | Interest | EMI |
|---|---|---|---|
| Rs.25 Lakh | 10 years | 7.99%* | Rs.30,663 |
*The values in the preceding tables are subject to change.
*Terms and conditions apply.
The eligibility criteria for a Rs.25 Lakh Home Loan are as follows:
For Salaried Applicants:
- Must be an Indian citizen (including NRIs)
- Age should range between 23 and 67 years**
- Should have a minimum of 3 years of work experience
For Self-Employed Applicants:
- Must be an Indian resident
- Should be between 23 and 70 years** of age
- Should have a minimum of 3 years of business vintage
**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.
To calculate the EMIs for a Rs.25 Lakh Home Loan, you can use our Home Loan EMI Calculator. By entering details such as the loan amount, tenure, and interest rate, the calculator provides an estimate of your monthly repayment. For example, if you are a salaried applicant and have availed of a Rs.25 Lakh Home Loan for 20 years at an interest rate of 7.99%* p.a., your EMIs will be Rs.21,302.
When you apply for a loan with us, the repayment tenure for a Rs.25 Lakh Home Loan extends up to 32 years.
Ideally, to secure a Rs.25 Lakh Home Loan on favourable terms, it is advisable to maintain a CIBIL score of 750 or higher. A lower credit score may result in higher interest rates.
If you are a salaried individual, the EMI for a Rs.25 Lakh Home Loan for 20 years at an interest rate of 7.99%* p.a. will be Rs.21,302.
For a salaried individual, the EMI for a Rs.25 Lakh Home Loan for 10 years at an interest rate of 7.99%* p.a. will be Rs.30,663.
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