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Home Loan of up to Rs.50 Lakh: Details

Purchasing a residential property is a dream for many. A home is more than just a place to reside in. It is a milestone achievement that reflects a sense of security and accomplishment. With Bajaj Housing Finance Home Loans, the journey of homebuying becomes fulfilling.

From simplified loan applications to a flexible repayment tenor extending up to 40 years, our housing loans are designed to make your dream of owning a home a reality. We offer housing loans at attractive interest rates, starting from 8.50%* p.a. for salaried individuals who meet our eligibility requirements.

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Features and Benefits for a Home Loan of Rs.50 Lakh

Sizeable Loan Sanction

Bajaj Housing Finance offers sizeable loan sanctions that eliminate budget constraints. The loan sanctioned is decided as per your eligibility, no matter how high.

Better Lending Terms

If you would like to refinance your housing loan, consider transferring your Home Loan balance to us to benefit from our favourable lending terms.

Additional Refinancing Options

If you anticipate more expenses in your homebuying journey or elsewhere, you can avail of an additional Top-up Loan from us when you choose to transfer your Home Loan balance.

Ease of Application

Gone are the days when prospective housing loan borrowers had to visit their local branches to file their Home Loan applications. With us, you can also make your housing loan application online and complete your application process without further delay.

Flexibility in Repayment

Bajaj Housing Finance allows borrowers to take up to 40 years to pay off their Home Loans. This way, you can repay your Home Loan while ensuring that your other financial goals are met.

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 Payable Amount

Rs. 0.00

View Repayment Schedule Apply Now

Repayment schedule
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Eligibility Criteria to Apply for Rs.50 Lakh Home Loan

Our eligibility requirements are easy to meet and straightforward, making it faster for you to pass this stage. Following are some of the eligibility criteria that you should meet to avail of a Home Loan with us:

Salaried and Professional Individuals Self-Employed Individuals
Indians including NRIs Indian residents only
Ideal CIBIL score of 750+ Ideal CIBIL score of 750+
3+ years of work experience 5+ years of business vintage at current enterprise
Aged between 23 to 75 years** Aged between 25 to 70 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.

Documents Required for Rs.50 Lakh Home Loan

Documents Required for Rs.50 Lakh Home Loan

Applicants will have to submit the following list of documents*** to apply for a Home Loan of up to Rs.50 Lakh:

  • KYC Documents: Passport, Ration Card, Utility Bills, Driving License, Electricity Bills, etc.
  • Mandatory Documents: PAN Card or Form 60
  • Proof of Income Documents: Salary slips, P&L statements, bank account statements, etc. In the case of self-employed individuals, one should also submit proof of business documents.
  • Property Documents: Title Deed, NOC, Sale Deed, etc.

***This list is indicative and our team may ask you for additional documents at the time of loan processing.

EMIs on a Home Loan of Rs.50 Lakh for various Tenors_WC

EMIs on a Home Loan of Rs.50 Lakh for Various Tenors

Bajaj Housing Finance has a plethora of online calculator tools to help you prepare a Home Loan application that is suited to your needs and our Home Loan eligibility parameters.

Consider preparing a repayment schedule using the housing loan EMI calculator to maximise your chances of getting your Home Loan application approved. Follow the steps given below to find your tentative EMI payable:

1. Select your Home Loan principal amount using the slider.

2. Use the next slider to choose your suitable repayment tenor.

3. Select the current Home Loan interest rate or the rate of interest you want using the last slider.

The calculator then estimates the EMI amount based on the information provided.

Following is a table of equated monthly instalments on a Home Loan, based on various repayment tenors:

EMI on a Home Loan of Rs.50 Lakh for a tenor of 40 years

Loan amount Tenor Interest (p.a.) EMI
Rs.50 Lakh 40 years 8.50%* Rs. 36,655

EMI on a Home Loan of Rs.50 Lakh for a tenor of 30 years

Loan amount Tenor Interest (p.a.) EMI
Rs.50 Lakh 30 years 8.50%* Rs.38,446

EMI on a Home Loan of Rs.50 Lakh for a tenor of 20 years

Loan amount Tenor Interest (p.a.) EMI
Rs.50 Lakh 20 years 8.50%* Rs.43,391

EMI on a Home Loan of Rs.50 Lakh for a tenor of 10 years

Loan amount Tenor Interest (p.a.) EMI
Rs.50 Lakh 10 years 8.50%* Rs.61,993

*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.

Steps to Apply for a Home Loan of up to Rs.50 Lakhs

Steps to Apply for a Home Loan of up to Rs.50 Lakh

The steps to apply for a Home Loan with Bajaj Housing Finance are quick and easy. Follow the steps given below:

  1. Click on the ‘Apply Now’ button on our official website for Home Loan or visit our Home Loan application form.
  2. Enter your name, phone number and employment type.
  3. Select the type of loan you would like to opt for.
  4. Enter other details such as net monthly income, PIN code, and required loan amount.
  5. Enter the requested OTP to verify your phone number.
  6. Enter PAN, birth date, and other details depending on your loan amount and employment type.

After filling in the required details in the Home Loan application, our representative will contact you to discuss further.

*Terms and conditions apply.

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