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Overview of a Home Loan of Rs.4.5 Crore
Waiting to take the plunge and make your real estate dream a reality? Avail of a housing loan to achieve your goal with more ease, in terms of financing and funding. With a Home Loan of up to Rs.4.5 Crore from Bajaj Housing Finance, you can make the dream of owning any home you want a reality. Our Home Loan is tailored to address the needs of our borrowers. From competitive interest rates to long repayment tenures, our Home Loans offer a host of benefits.
Features and Benefits of Rs.4.5 Crore Home Loan
Low Interest Rates
When you are availing of a high loan sanction, worth Rs.4.5 Crore, it helps that you avail of low interest rates to keep the cost of repayment nominal. Bajaj Housing Finance’s low interest rate Housing Loan deals will do just this for you.
Long Repayment Tenure
With us, borrowers can choose to repay their loan over a period extending up to 40 years. Such a long repayment period makes the process of loan repayment easy and allows you to focus on your other financial goals.
Easy-to-Meet Eligibility Criteria
Bajaj Housing Finance has easy-to-meet Home Loan eligibility criteria, which makes getting approved for a loan with us quite simple and easy.
Online Tools to Help
Borrowers can use our various online tools to help them figure out the right loan amount and tenure for them. All these tools are free and easily available on our websites.
Online Account Management
Borrowers can pay their Home Loan EMIs, raise complaints and queries and do a lot more while sitting within the comfort of their home using our online customer portal. Managing one’s loan account has never been easier.
Eligibility Criteria for a Home Loan of Rs.4.5 Crore
Our eligibility criteria for a Home Loan of up to Rs.4.5 Crore is easy and simple to meet.
Eligibility Criteria for Salaried Applicants
- Salaried applicants applying for a Home Loan with us should be an Indian (including NRI).
- They should be between 23 and 67 years** of age.
- They should be able to show at least 3 years of work experience.
Eligibility Criteria for Self-Employed Applicants
- Self-employed applicants applying for a Home Loan with us should be an Indian (resident only).
- They should be between 25 and 70 years** of age.
- They should be able to show 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.
Interest Rates for Rs.4.5 Crore Home loan
Bajaj Housing Finance offers Home Loans at competitive interest rates. However, the interest rates offered may vary depending on several factors, such as your age, income, job stability, city of residence, and credit score.
Rs.4.5 Crore Home Loan EMI for Different Tenures
If you are planning to avail of a Home Loan up to Rs.4.5 Crore, we recommend using an online Home Loan EMI Calculator to estimate the EMI in advance for different loan tenures.
Here is a glimpse of what your potential EMIs may look like, considering an interest rate of 7.50%* p.a.
| Loan Amount | Tenure | EMI |
|---|---|---|
| Rs.4.5 Crore | 32 years | Rs.3,09,541 |
| Rs.4.5 Crore | 25 years | Rs.3,32,546 |
| Rs.4.5 Crore | 20 years | Rs.3,62,517 |
| Rs.4.5 Crore | 15 years | Rs.4,17,156 |
| Rs.4.5 Crore | 10 years | Rs.5,34,158 |
Documents Required for a Rs.4.5 Crore Home Loan
The documents required for your Home Loan application differ based on your employment type. Accordingly, you may be asked to submit KYC documents, applicable income proof, PAN Card or Form 97 (mandatory), and property-related documents***. You can see the complete list here.
***This list is indicative, and additional documents may be required during loan processing.
How to Apply for a Home Loan of Rs.4.5 Crore
Applying for a Home Loan of up to Rs.4.5 Crore with Bajaj Housing Finance is simple. Before applying, consider checking your eligibility along with the additional fees and charges. To apply for our Home Loan online, follow these steps:
- Navigate to our Home Loan application form.
- Then, enter some of the basic details such as the employment type, net monthly income, required amount of loan, and type of loan.
- Next, click on 'Generate OTP' and enter the shared OTP.
- Fill in the required details and complete the application process.
- Click on ‘Submit’ to submit the form.
Post submission, you can expect a call from our representative within 24 hours*. They will walk you through the next steps.
*Terms and conditions apply.
FAQs
You can calculate EMIs for a Rs.4.5 Crore Home Loan in advance with our EMI calculator. All you need to do is enter loan-specific details such as the loan amount, tenure, and interest rate to view the monthly repayment amount.
You need to meet the following criteria to apply for a Rs.4.5 Crore Home Loan:
For salaried applicants:
- Residency: Must be Indian citizens (including NRIs)
- Age: Between 23 and 67 years**
- Work Experience: At least 3 years
For self-employed applicants:
- Residency: Indian residents only
- Age: 25 to 70 years**
- Business Continuity: Minimum of 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.
Salaried applicant planning to avail of Rs.4.5 Crore Home Loan for 20 years at an interest rate of 7.15%* p.a. will need to pay Rs.3,52,948 as a monthly repayment amount approximately.
Yes, you can avail of a Rs.4.5 Crore Home Loan with Bajaj Housing Finance and enjoy a competitive interest rate and a flexible tenure of up to 40 years.
