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Rs.30 Lakh Home Loan
Individuals planning to purchase a residential property can avail of a Home Loan to finance their dream home with ease. Bajaj Housing Finance offers Home Loans at competitive interest rates, along with a repayment tenure of up to 32 and minimal documentation.
If you are looking for a Home Loan of Rs.30 Lakh or more, apply today and benefit from our tailored financing solutions.
Features and Benefits of Rs.30 Lakh Home Loan
Competitive Interest Rate
We offer attractive Home Loan interest rates for salaried, self-employed, and professional applicants.
High-Value Loan Sanction
You can avail of a substantial loan amount, helping your finance your preferred residential property without financial constraints.
Long Repayment Tenure of up to 32 Years
Enjoy manageable EMIs with a long repayment tenure of up to 32 years.
Convenient Doorstep Document Collection
Experience a seamless borrowing process by submitting documents online or opting for doorstep document pick-up services from the comfort of your home.
Disbursal within 48 Hours*
You can expect quick disbursal within 48 Hours*, subject to successful application approval and completion of document verification.
9,800+ Approved Projects
Explore a wide range of properties across 9,800+ approved projects and benefit from faster processing along with convenient borrowing terms.
Documents Required for Rs.30 Lakh Home Loan
Planning to apply for a Home Loan with Bajaj Housing Finance? Keep the following documents*** ready for quick processing:
| Category | Documents Required |
|---|---|
| Mandatory Documents | PAN Card or Form 60 |
| KYC Documents | Valid identity proof and address proof |
| Photographs | Recent passport-sized photographs |
| Income Proof – Salaried Applicants | Latest salary slips and/or Form 16 |
| Income Proof – Self-Employed Applicants | Income Tax Returns (ITR) along with profit and loss statements |
| Bank Statements | Bank account statements for the last six months |
| Business Proof | Proof of business continuity with a minimum vintage of 3 years (applicable for self-employed individuals/business owners) |
***This is an indicative list.
Eligibility Criteria for Rs.30 Lakh Home Loan
The eligibility criteria for a Home Loan differ based on the applicant’s employment category and are broadly classified into salaried and self-employed segments:
| For Salaried Applicant | For Self-employed Applicant |
|---|---|
| Must be an Indian citizen (including NRIs) | Must be an Indian citizen (resident only) |
| Age should be between 23 and 67 years** | Age should be between 25 and 70s years** |
| Should have a minimum of 3 years of work experience | Should have a business that has been operational for at least 3 years |
**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 Rates and Charges for Rs.30 Lakh Home Loans
Bajaj Housing Finance offers Home Loans tailored to your requirements – be it in terms of a loan amount of Rs.30 Lakh or higher. We offer a competitive rate of interest to eligible applicants.
To know about other fees and charges applicable, click here.
Rs.30 Lakh Home Loan EMI for Different Tenures
If you are planning to avail of a Rs.30 Lakh Home Loan and want to estimate your monthly instalments, you can use our housing loan EMI calculator for quick and accurate calculations. The tool helps you understand how your EMIs may vary depending on the repayment tenure selected.
Below are indicative EMI values for different loan tenures:
Rs.30 Lakh Home Loan EMI for 32 years
| Loan amount | Tenure | Interest Rate | EMI |
|---|---|---|---|
| Rs.30 Lakh | 32 years | 7.25%* | Rs.20,116 |
Rs.30 Lakh Home Loan EMI for 20 years
| Loan amount | Tenure | Interest Rate | EMI |
|---|---|---|---|
| Rs.30 Lakh | 20 years | 7.25%* | Rs.23,711 |
Rs.30 Lakh Home Loan EMI for 15 years
| Loan amount | Tenure | Interest Rate | EMI |
|---|---|---|---|
| Rs.30 Lakh | 15 years | 7.25%* | Rs.27,386 |
Rs.30 Lakh Home Loan EMI for 10 years
| Loan amount | Tenure | Interest Rate | EMI |
|---|---|---|---|
| Rs.30 Lakh | 10 years | 7.25%* | Rs.35,220 |
*The EMI values mentioned above are indicative and may change based on the applicable interest rate and loan terms.
Disclaimer: The interest rate and EMI calculations provided above are for illustrative purposes only. Actual loan terms, applicable interest rates, and EMI amounts may vary depending on the applicant’s eligibility, financial profile, and loan requirements.
Steps to Apply for a Home Loan of up to Rs. 30 Lakh
Applying for a Home Loan online is a hassle-free process. Follow these simple steps to get started:
- Visit the Home Loan application form.
- Fill in your basic details, including your name and mobile number.
- Choose your occupation and loan type, then enter your PIN code, desired loan amount, and net monthly income.
- Verify your mobile number using the OTP sent to you.
- Provide your PAN, existing financial obligations, and other required details based on your employment and loan category.
- Click on ‘Submit’ to complete your application.
Once your application is submitted, a representative from Bajaj Housing Finance will get in touch with you to guide you through the next steps.
*Terms and conditions apply.
Tax Benefits on Rs.30 Lakh Home Loan
If you have taken a Home Loan of Rs.30 Lakh, you may be eligible to claim several tax benefits under the old tax regime as per the Income Tax Act, 2025:
1. Tax Benefit on Interest Payment – Section 22
You can claim a deduction of up to Rs.2 Lakh in a financial year on the interest paid towards your Home Loan if the property is self-occupied. In the case of a let-out property, the entire interest paid can be claimed as a deduction, although the set-off against other income is restricted to Rs.2 Lakh annually.
2. Tax Benefit on Principal Repayment – Section 123
The principal component of your Home Loan EMI qualifies for a deduction of up to Rs.1.5 Lakh per year under Section 123. This overall limit also includes other eligible investments such as PPF, EPF, ELSS, and life insurance premiums. The benefit can be claimed only if the property is retained for at least five years from the date of possession.
3. Additional Tax Benefit for First-Time Homebuyers – Section 131
Under Section 131, first-time homebuyers can claim an additional deduction of up to Rs.1.5 Lakh on the interest paid towards their Home Loan, over and above the deductions available under Sections 22 and 123. To avail of this benefit, the applicant should not own any residential property at the time of loan sanction, the property’s stamp duty value should not exceed Rs.45 Lakh, and the Home Loan must have been sanctioned by a recognised financial institution or housing finance company between 1 April 2019 and 31 March 2022. Additionally, the taxpayer should not be claiming benefits under Section 130 for the same property.
4. Tax Benefits on Joint Home Loans
In case of a joint Home Loan, each co-borrower can separately claim tax deductions on both principal repayment and interest payment, provided they are co-owners of the property and contribute towards EMI repayment. Each borrower may claim up to Rs.1.5 Lakh under Section 123 and up to Rs.2 Lakh under Section 22.
Tips to Improve Home Loan Approval Chances
To improve the chances of Home Loan approval, maintain a credit score above 750 and clear existing debts. Applying jointly with a co-applicant can also increase your eligibility. Include all documented income sources—such as rent or bonuses—to enhance your repayment capacity. To estimate your current eligibility, you can use our Home Loan Eligibility Calculator.
Frequently asked questions
To apply for a Rs.30 Lakh Home Loan, self-employed applicants should be Indian residents aged between 25 and 70 years**. They should also have a minimum of 3 years of continuity in their current business.
Salaried applicants should be Indian citizens, including NRIs, aged between 23 and 67 years**. They should have at least 3 years of work experience.
**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.
Applicants are required to submit PAN Card or Form 60 (mandatory), valid identity and address proofs, passport-sized photographs, income documents such as salary slips/Form 16 or ITR statements, bank statements for the last six months, and business proof in case of self-employed individuals.
Additional documents may be requested during the verification process.
Yes, you can opt for a Home Loan Balance Transfer with us and stand a chance to secure a competitive interest rate.
Yes, salaried NRIs can apply for a Home Loan of Rs.30 Lakh.
