Home Loan of up to Rs.6 Crore: Overview
Bajaj Housing Finance has emerged as a borrower of choice for a reason – competitive interest rates, flexible repayment tenors and a host of other benefits. Our Home Loans start at interest rates as low as 8.45%* p.a. with easy to meet eligibility criteria. With us, borrowers also enjoy additional benefits, such as Top-up Loans up to Rs.1 Crore or higher, along with easy balance transfer facilities.
Home Loan of up to Rs.6 Crore: Interest Rate and EMIs
Our Home Loan interest rates start at 8.45%* p.a. However, the final interest rate to be offered to a borrower is decided based on several different factors, such as the borrower’s age, monthly income, credit score, etc.
The table below breaks down the possible EMI amounts for time periods ranging from 10 years to 40 years, keeping the interest rate standard at 8.45%* p.a.
| Loan Amount (in Rupees) | Tenor | EMI (in Rupees) |
|---|---|---|
| 6 Crore | 40 years | ₹4,37,576 |
| 6 Crore | 30 years | ₹4,59,224 |
| 6 Crore | 25 years | ₹4,81,116 |
| 6 Crore | 20 years | ₹5,18,797 |
| 6 Crore | 15 years | ₹5,89,087 |
| 6 Crore | 10 years | ₹7,42,311 |
Home Loan of up to Rs.6 Crore: Features and Benefits
Low Interest Rates
One of the key offerings of a Bajaj Housing Finance Home Loan are the low interest rates. We sanction loans at interest rates as low as 8.45%* p.a., basis eligibility.
Sizeable Top-up Loans
If you choose to transfer your Home Loan to us, you can benefit from a top-up loan of up to Rs.1 Crore, apart from hassle-free procedures.
Flexible Repayment Tenor
With us, borrowers can choose to repay their loan over a period extending up to 40 years. Such a long repayment period makes loan repayment less burdensome.
Zero Prepayment and Foreclosure Charges
Individual borrowers on a floating rate of interest can choose to repay their loan at any given time without paying any foreclosure or prepayment charges.
Easy-to-Meet Eligibility Criteria
Our eligibility criteria are easy and simple to meet. This makes getting approved for a loan with us easy and simple.
Home Loan of up to Rs.6 Crore: Eligibility Criteria
Here are our qualifying criteria for a Home Loan for salaried and self-employed individuals.
Eligibility Criteria for Salaried Employees
- The applicant can be a resident citizen of India or NRI.
- They should be between 23 and 75 years** of age
- They should be able to show at least 3 years of work experience.
Eligibility Criteria for Self-Employed Individuals
- The applicant must be an Indian (Resident)
- They should be between 25 and 70 years** of age
- They should be able to show at least 5 years of business vintage.
** Please note that the maximum age is always the age of the borrower at the time of loan maturity.
Home Loan of up to Rs.6 Crore: Documents Required
Please keep the following documents ready to experience a hassle-free, smooth and quick Home Loan application process with us.
- Under address and identity proof documents category, you can submit your Aadhar Card, PAN Card and utility bills.
- Under the income-related documents category, you will be required to submit last three months' salary slips, ITR of last two months and last six months' bank statements.
- Please also keep all property-related documents ready with you, such as title deed, NoC, registration receipt, sale deed, tax receipts, approved project plan, etc.
- Other than the documents mentioned above, please also keep some passport-size photographs handy with you.
Please note that this list is only indicative. We may ask you for additional documents at the time of loan processing. These requirements, if any, will be communicated to you by our team.
*Terms and conditions apply.
