Avail of Home Loan of Rs. 5 Cr
Bajaj Housing Finance offers sizeable Home Loans at competitive interest rates. Your housing loan can be as high as Rs. 5 Cr or go yet higher, depending on your employment, income, credit, and financial profile.
Eligible borrowers can make the most of our Home loan interest rates starting as low as 8.45%* for salaried and professional applicants. Pay EMIs starting at Rs.729/Lakh* with a tenor of up to 40 years.
Features and Benefits of a Home Loan of Rs. 5 Crore
A Home Loan of Rs.5 Cr (or Rs. 50 Million) is a substantial amount of money that can be used to purchase a high-value property, such as a luxury villa or a large commercial property. Some of the key features you benefit from when availing of a Home Loan of Rs.5 Crore include:
Competitive Interest Rate
Our interest rates start from 8.60%* p.a. for eligible salaried and professional applicants with the right credit and financial profile.
Sizeable Loan Sanction
With a sizeable home loan of Rs.5 Crore or even higher, you have the freedom to purchase a property of your choice without worrying about the funds.
Flexible Repayment Tenor
With a tenor of up 40 years, you have ample time to plan repayment. Eligible borrowers can also make the most of our tailored repayment schemes.
Online Account Management
We make handling your Home Loan details easier for you by way of our Online Account Management portal, which lets you access your loan details without visiting our branch in person.
Tax benefits
You can claim tax benefits on the principal and interest paid on your Home Loan under Section 80C and Section 24 of the Income Tax Act.
Zero Part-Prepayment and Foreclosure Charges
Borrowers availing of advances for housing purposes at floating interest rates can choose to prepay or foreclose their loan without any additional charges.
Eligibility Criteria for a Home Loan of Rs. 5 crore
Borrowers can easily apply for a Home Loan when they qualify under the below eligibility criteria laid down for salaried, professional and self-employed individuals. Our criteria are practical and meant to encourage Home Buying.
As a Salaried/Professional Individual, you should be:
A residing citizen of India between 23 and 75 years of age**, working for at least the past 3 years at a public/private organisation, or an MNC.
As a Self-Employed Individual, you should be:
A residing citizen of India between 25 and 70 years of age**, with a vintage of at least 5 years in your current business.
** The upper age limit is considered as age at the time of loan maturity. Additionally, the upper age limit for salaried applicants is subject to change, depending on the property profile.
Application Process for a Home of Rs. 5 Cr
Visit our Home Loan application form and apply online with a simple and straight, three-step process.
- Enter your basic personal details
- Choose your home loan type (fresh loan or balance transfer), required loan amount, employment type (salaried, self-employed doctors/CAs, or self-employed (others), net monthly income, and residential PIN code
- Generate OTP
- On the next screen, enter details such as your PAN, monthly obligation, and others.
- Click on Submit
Once you submit the form, our representative will get in touch with your to walk you through the next steps.
Rs.5 Crore Home Loan: EMIs for Different Tenors
Depending on your tenor, the EMI for a Home Loan of Rs.5 Crore ranges from Rs. 3 to 6 Lakh per month at an interest rate of 8.45%*. A Home Loan calculator can be used to estimate the EMI and analyse the affordability of monthly repayments.
The following table provides a clearer picture of the EMIs for a Rs. 5 Crore Home Loan for various tenors, taking into account the applicable interest rate of 8.45%*.
| Loan Amount (In Rs) | Tenor | EMIs (In Rs.) |
|---|---|---|
| 5 Crore | 40 years | ₹ 3,64,647 |
| 5 Crore | 30 years | ₹ 3,82,686 |
| 5 Crore | 25 years | ₹ 4,00,930 |
| 5 Crore | 20 years | ₹ 4,32,331 |
| 5 Crore | 15 years | ₹ 4,90,905 |
| 5 Crore | 10 years | ₹ 6,18,592 |
*The EMIs in the above tables were calculated using a home loan EMI calculator and 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 based on the individual’s profile and loan requirements.
Documents for Home Loan up to Rs. 5 Crore
- For address and identity – Aadhar, PAN, and Utility bills.
- Income related – Latest pay slips (of at least three months), bank statements (of six months), and ITR (of two years)
- Property specific – The property sale deed with registration receipt, agreement copy, approved project plan, and tax receipts
- Existing Home Loan - Sanction letter and other papers as prompted by the lender
- In addition to the papers listed above as necessary for a housing loan, additional documents may be asked for by the lender.
*Terms and conditions apply.
