Home Loan 40 Lakh_CollapisbleBanner_WC

Banner-Dynamic-Scroll-CockpitMenu_HomeLoan

HomeLoanUpto40Lakh_Overview_WC

About a Home Loan of up to Rs.40 Lakh

A Home Loan is a sizeable credit that comes with a repayment period as high as 40 years. Thus, it is important applicants review all specifications and features before applying.

The loan amount offered depends on your employment, income, financial, and credit profile, as well as the property in question. If you are looking for a Home Loan of up to Rs.40 Lakh, read on to know more about features, eligibility criteria, and interest rates.

HomeLoanUpto40Lakh_FeatureBenefits_WC

Home Loan ​of ​up to Rs.40 Lakh: Features and Benefits

There are several features and benefits that come with a Bajaj Housing Finance Home Loan.

Minimal documentation

Complete your Home Loan application process with minimal documentation, from the comfort of your home.

Long Repayment Tenor

Enjoy a repayment tenor of up to 40 years. You can choose to opt for a longer tenor with lower EMIs to ensure comfortable repayment, or a shorter tenor so you can become debt free quicker.

Affordable EMIs

We offer a competitive interest rate starting at 8.50%* p.a. for salaried applicants. Your EMI can be as low as Rs.733/Lakh*.

Home Loan EMI Calculator

Calculate Your Home Loan EMI

Loan AmountRs.

Rs.1 LakhRs.15 Crore

TenorYears

1 Year40 years

Interest Rate%

1%15%

Your EMI is Rs. 0

0.00%

Total Interest

Rs. 0.00

0.00%

Total Amount

Rs. 0.00

View Repayment Schedule Apply Now

Repayment schedule
Date
  

AllHomeLoanCalculators_WC

HomeLoanUpto40Lakh_Eligibility_WC

Recently updated

Home Loan of up to Rs.40 Lakh: Eligibility Criteria

​Salaried Employees Self-Employed Individuals
Employed with at least 3 years of work experience. Steady income from a business with a vintage of over 5 years.
Indian residents including NRIs Indian (resident only)
The individual must be between 23 and 75 years of age**. The individual must be between 25 and 70 years of age**.

**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.

For both the categories, the individual must have a steady monthly income, while the intended property to be bought or renovated must meet the lending criteria for a Home Loan up to Rs.40 Lakh.

HomeLoanUpto40_InterestRate_WC

Home Loan of up to Rs.40 Lakh: Interest Rates and Fees

Another important feature of a Home Loan to take into account is the interest rate, which varies from individual to individual. Bajaj Housing Finance offers Home Loans starting from 8.50%* p.a. for salaried applicants. The final rate of interest offered to you depends on your profile and the property in question.

For more details about our fees and charges, please  click here.

Home Loan up to Rs.40 Lakh: EMI_WC

Home Loan up to Rs.40,000: EMIs for Various Tenors

If you are interested in borrowing a Home Loan of Rs.40 lakh and are unsure of what your EMI payments may look like, use the Home Loan EMI Calculator and complete your repayment planning. The tool, as explained, is easy to navigate and minimises the room for error. Following is a table of EMI calculations, based on various repayment tenors:

EMI on a Home Loan of Rs.40 lakh for a Tenor of 40 years

Loan amount Tenor Interest EMI
Rs 40 lakh 40 years 8.50%* p.a. Rs.29,324
EMI on a Home Loan of Rs.40 lakh for a Tenor of 30 years

Loan amount Tenor Interest EMI
Rs 40 lakh 30 years 8.50%* p.a. Rs.30,757

EMI on a Home Loan of Rs.40 lakh for a Tenor of 20 years

Loan amount Tenor Interest EMI
Rs 40 lakh 20 years 8.50%* p.a. Rs.34,713

EMI on a Home Loan of Rs.40 lakh for a Tenor of 10 years

Loan amount Tenor Interest EMI
Rs 40 lakh 10 years 8.50%* p.a. Rs.49,594

*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.

Rs.40 Lakh Home: Documentation Requirement_WC

Home Loan of Rs.40 lakh: Documents Required

If you wish to avail of a Home Loan of up to Rs.40 Lakh, you can apply either online or offline. The process of applying for a loan requires basic documentation. According to your category (salaried employee or self-employed), you will need only the following:

1. For Salaried Employees

  • Mandatory documents, that is, PAN card or Form 60
  • KYC documents for identity verification 
  • 3 months’ salary slips for income proof
  • Proof of employment
  • Property related documents such as title deed, property tax receipts, and allotment letter

2. For Self-Employed Individuals

  • Mandatory documents, that is, PAN card or Form 60
  • KYC documents for identity verification 
  • P&L statements, among other documents, to prove a steady flow of income from the existing business operational for more than 5 years
  • Educational certificates for doctors and a valid COP for CAs
  • Proof of business
  • Property related documents such as title deed, property tax receipts, and allotment letter

Note: This list is indicative. Additional documents may be needed during loan processing.

*Terms and conditions apply

Steps to Apply for a Home Loan of up to Rs.40 Lakhs

Steps to Apply for a Home Loan of up to Rs.40 Lakhs

To apply for a Bajaj Housing Finance Home Loan, follow these simple steps:

  1. Visit our Home Loan application form or click on the ‘Apply Now’ button
  2. Enter your personal details such as your name, phone number and employment type
  3. Now, select the type of loan you wish to avail
  4. Enter your net monthly income, PIN code, and required loan amount
  5. Enter the OTP you are requested for to verify your phone number
  6. Enter other details such as PAN and obligation which may vary based on your loan amount and employment type

Once you have filled in all the required details, our representative will contact you and guide you with further steps.

*Terms and conditions apply

Home Loan Up To 40 Lakh_relatedArticles_WC

40Lakh_PAC_WC

People Also Consider

KNOW MORE

KNOW MORE

KNOW MORE

KNOW MORE

PAM-ETB Web Content

Pre-Approved Offer

Full Name*

Phone Number*

OTP*

Generate
Check Now

Call_And_Missed_Call

CommonOHLExternalLink_WC

Online Home Loan
Online Home Loan

Instant Home Loan approval at just

Rs. 1,999 + GST*

Rs.5,999 + GST
*Non Refundable