Overview of a Home Loan of Rs.7.5 Crore
Purchasing a property can be a substantial financial commitment and a milestone achievement for many. If you are looking to purchase a property, knowing the loan amount that you can qualify for can help you plan your finances accordingly. Bajaj Housing Finance offers Home Loans of up to Rs.7.5 Crore with competitive interest rates and flexible repayment tenures, making your homeownership journey simple and stress-free.
You can also enjoy additional benefits, such as 24x7 access to your loan details, quick processing and disbursal, and the option to avail of a Top-up Loan in case of a Home Loan Balance Transfer.
EMI and Interest Rate for a Home Loan of up to Rs.7.5 Crore
Bajaj Housing Finance Home Loan interest rates start at 7.99%* per annum for salaried borrowers. To get a better understanding of the Home Loan interest rates, click here.
Rs.7.5 Crore Home Loan EMI for different tenures
You can use our Home Loan EMI Calculator to estimate your EMIs in advance and plan your finances better. The calculator also provides an amortisation schedule, offering a detailed breakdown of your EMIs and showing the distribution of funds towards both the principal and interest amounts.
The table below shows the potential EMI amounts on loan amounts of Rs.7.5 Crore for tenures ranging from 10 to 32 years.
| Loan Amount | Tenure | EMI |
|---|---|---|
| 7.5 Crore | 32 years | Rs.5,41,746 |
| 7.5 Crore | 25 years | Rs.5,78,365 |
| 7.5 Crore | 20 years | Rs.6,26,863 |
| 7.5 Crore | 15 years | Rs.7,16,306 |
| 7.5 Crore | 10 years | Rs.9,09,561 |
Features and Benefits of a Home Loan of up to Rs.7.5 Crore
Following are some features and benefits you can enjoy with Bajaj Housing Finance:
Competitive Interest Rates
We offer housing loans at interest rates starting as low as 7.99%* p.a. for salaried applicants. Low interest rates can help in managing your loan repayment and planning your financial goals.
Flexible Repayment Tenure
With Bajaj Housing Finance, borrowers can repay their loan over a period extending up to 32 years.
Substantial Loan Amount
Bajaj Housing Finance offers Home Loans worth Rs.5 Crore* or higher, basis eligibility.
Quick Approval and Loan Disbursal
You can expect Home Loan approval and disbursal within 48 Hours* of document submission and approval.
Online Tools to Help
Borrowers can use our online, free-to-use tools such as the Home Loan EMI Calculator and the Home Loan Eligibility Calculator to estimate the EMIs and the approximate loan amount they can borrow, respectively.
Online Account Management
Borrowers can now pay their advance Home Loan EMIs, raise queries and complaints, and do much more while on the go using our easy-to-use online customer portal.
Eligibility Criteria for a Home Loan of up to Rs.7.5 Crore
Eligibility Criteria for Salaried Applicants
- You must be an Indian citizen (including NRI).
- You must between 23 and 67 years** of age.
- You must be able to show at least 3 years of work experience.
Eligibility Criteria for Self-Employed Applicants
- You must be an Indian citizen (resident only).
- You must be between 23 and 70 years** of age.
- You must be able to show at least 3 years of business continuity.
**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 Rs.7.5 Crore Home Loan
To experience a hassle-free and smooth Home Loan application process, keep the following documents ready:
- Mandatory documents such as PAN Card or Form 60
- Passport-size photographs
- KYC documents, address and identity proof documents
- Latest salary slips (salaried individuals) and ITR document and P&L statements (self-employed individuals)
- Self-employed applicants must also provide documents that establish proof of business and minimum 5 years’ business vintage.
- Last 6 months’ bank account statements
Please note that this list is indicative. Our representatives may ask you for additional documents at the time of loan processing. These requirements, if any, will be communicated to you well in advance.
How to Apply for a Home Loan of up to Rs.7.5 Crore?
To apply for a Home Loan of up to Rs. 7.5 Crore with Bajaj Housing Finance, you can either visit any of our branches or apply online through our website. Here are the steps that you can follow:
- Visit our Home Loan application page.
- Enter some of your basic details like name, mobile number, employment type, loan type, income, and property details.
- Click on generate OTP. Once you receive it on your registered mobile number, enter it to complete your application.
Once the application has been submitted, you can expect a call from one of our representatives to guide you through the next stages of the application.
*Terms and conditions apply.
The EMI for a Rs.7.5 Crore Home Loan for 25 years at an interest rate of 7.99%* p.a. for a salaried applicant will be Rs.5,78,365. You can visit our housing loan EMI calculator to try various values and now the suitable EMI amount.
Bajaj Housing Finance offers competitive interest rates for Rs.7.5 Crore Home Loans. For a complete list of interest rates, click here.
