Home Loan of up to Rs.6 Crore: Overview
Availing of a Home Loan can be a convenient and hassle-free way of securing funds for purchasing a home. Aspiring homebuyers who wish to realise their dream of owning a home can apply for a Home Loan to ensure a streamlined homeownership journey. Bajaj Housing Finance Home Loan comes with a host of benefits such as flexible repayment tenor, competitive interest rates, quick disbursal, etc. making it the trusted lender of choice.
Interest Rates for a Home Loan of up to Rs.6 Crore
We offer competitive Home Loan interest rates to salaried, self-employed, and professional applicants. The final interest rate to be offered to a borrower is decided based on several factors, such as the borrower’s age, monthly income, and credit score.
EMIs for Rs.6 Crore Home Loan Over Various Tenures
The table below breaks down the possible EMI amounts for time periods ranging from 10 years to 32 years, keeping the interest rate standard at 7.99%* p.a.
| Loan Amount (in Rs.) | Tenure | EMI (in Rs.) |
|---|---|---|
| 6 Crore | 32 years | Rs.4,44,509 |
| 6 Crore | 25 years | Rs.4,73,070 |
| 6 Crore | 20 years | Rs.5,11,239 |
| 6 Crore | 15 years | Rs.5,82,084 |
| 6 Crore | 10 years | Rs.7,35,916 |
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.
Features and Benefits of Rs.6 Crore Home Loan
Low Interest Rates
One of the key offerings of a Bajaj Housing Finance Home Loan is the low interest rates. We offer loans at competitive interest rates to self-employed, salaried, or professional borrowers, 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 Rs.1 Crore* or higher, basis eligibility.
Flexible Repayment Tenure
With us, you can choose to repay their loan over a period extending up to 32 years. A long repayment period can make the repayment journey easy.
Zero Prepayment and Foreclosure Charges
If you are an individual borrower with a floating rate of interest, you can choose to prepay your Home 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 can make getting approved for a loan with us simple and easy.
Eligibility Criteria for a Home Loan of Rs.6 Crore
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 an 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 Individuals
- The applicant should be an Indian (resident).
- They should be between 23 and 70 years** of age.
- They should be able to show at least 3 years of business vintage.
**The upper age limit is considered as the 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 a Home Loan of Rs.6 Crore
Please keep the following documents ready to experience a hassle-free, smooth, and quick Home Loan application process with us:
- Under the address and identity proof documents category, you can submit your Aadhaar Card, Voter ID, or Utility Bills. Note that PAN Card or Form 60 are mandatory documents.
- Under the income-related documents category, you will be required to submit the last 3 months' salary slips, the ITR of last 2 months, and the last 6 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.
How to Apply for a Home Loan of up to Rs.6 Crore
Here are the steps guiding you to apply for a Home Loan of up to Rs.6 Crore:
- To apply, navigate to our Home Loan application page.
- Click on the 'New Loan' option and fill in some of the basic details such as your name, mobile number, net monthly income, and total monthly obligations.
- Then click on 'Continue' and enter the OTP to validate your contact number. With Bajaj Housing Finance, applying for a Home Loan is very convenient. You can also avail of a Home Loan by simply texting on WhatsApp.
Here are the WhatsApp Application steps given below:
Start the process by simply sending “Hi” to '75075 07315'.
- Then you will be asked to enter some of your basic details such as your monthly income, employment type, and type of loan.
- From there you can simply check your eligible offer.
- To download your in-principle sanction letter you will have to make a payment of Rs.1,999 + GST through your desired payment mode.
*Terms and conditions apply.
