Rs.11 Lakh Home Loan - EMI, Eligibility and Interest Rate @8.25%*p.a.

overview 11 lakh

Rs.11 Lakh Home Loan: Overview

If you are planning to purchase a residential property, a Home Loan can be an ideal solution to finance your dream home. With attractive interest rates and a repayment tenor tailored to your convenience, a Home Loan of Rs.11 Lakh help you achieve your housing requirements.

Features of Rs.11 Lakh Home Loan

Feasible Interest Rate

Our competitive interest rates for salaried, self-employed, and professional applicants ensure manageable costs of borrowing and EMIs.

Disbursal in 48 Hours*

With a Home Loan from Bajaj Housing Finance, you can expect quick disbursal within 48 Hours* after document verification.

Home Loan Balance Transfer

If you are servicing a Home Loan and want to maximise savings with a reduced interest rate, you can opt for our balance transfer facility.

Flexible Repayment Option

Our flexible repayment option allows you to pay only a part of your EMIs during the initial stage if you are purchasing an under-construction property.

Eligibility Criteria for Rs.11 Lakh Home Loan

If you wish to apply for a Home Loan of Rs.11 Lakh, ensure you meet the following eligibility criteria:

Salaried Applicant:

Should be an Indian (including NRIs)
Should be between 23 and 67 years** of age
Should have at least 3 years of work experience in a public or private organisation or an MNC

Self-Employed Applicant:

Should be an Indian resident
Must fall within the age range of 23 and 70 years**
Should have a minimum of 3 years of continuity in the current business

**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.11 Home Loan

Applicants need to submit the following documents along with their Home Loan application:

Type of Document	Salaried Applicant	Self-Employed Applicant
Mandatory Documents	PAN Card or Form 60	PAN Card or Form 60
KYC Documents	Recent photograph, Voter ID Card, Aadhaar Card, valid Passport, valid Driving License	Same as salaried applicant
Proof of Income	3 months’ salary slips and Statements of your primary account for the last 6 months	P&L Statement, ITR, and Statements of your primary account for the last 6 months
Business Proof	Not applicable	Proof of business vintage of 3 years or more
Property-related Documents	Title Deed, Allotment Letter, and Property Tax receipts	Same as salaried applicant

Note that this is an indicative list of documents. Our representatives may contact you for additional documents.

Rs.11 Lakh Home Loan EMIs over Different Tenors

Estimating your EMIs on a Home Loan of Rs.11 Lakh in advance can help you plan and manage your finances better. For this, you can use our EMI calculator – an essential tool that gives you an approximate EMI amount based on the loan amount, tenor, and interest rate.

The following table shows EMIs for Rs.11 Lakh Home Loan over various tenors:

Loan Amount	Tenor	Interest	EMI
Rs.11 Lakh	32 years	8.25%*	Rs.8,347
Rs.11 Lakh	30 years	8.25%*	Rs.8,458
Rs.11 Lakh	25 years	8.25%*	Rs.8,858
Rs.11 Lakh	20 years	8.25%*	Rs.9,546
Rs.11 Lakh	15 years	8.25%*	Rs.10,832
Rs.11 Lakh	5 years	8.25%*	Rs.22,568

Home Loan Rs.11 Lakh: How to Apply Online

Bajaj Housing Finance offers an online Home Loan application form, ensuring borrower’s convenience. You can also visit our nearest branch to apply in person.

Here is how you can apply for a Home Loan of Rs.11 Lakh online:

Access our Home Loan application form and enter your personal details.
Proceed to enter your financial information based on your employment type.
Enter the loan type and amount you require.
Generate OTP and verify your mobile number.
Fill in the required details and submit the application form.

After successful submission, our representative will call you within 24 hours* and guide you further.

*Terms and conditions apply.

FAQs

The EMIs of Rs.11 Lakh Home Loan vary based on the interest rate offered to you and the repayment tenor. With our housing loan EMI calculator, you can estimate monthly repayments by entering the loan amount, tenor, and interest rate.

Prospective applicants must meet the following eligibility criteria to apply for a Home Loan of Rs.11 Lakh with Bajaj Housing Finance:

Home Loan Eligibility Criteria	Self-Employed Applicants	Salaried Applicants
Age	23–70 years**	23–67 years**
Employment status	A business vintage of at least 3 years in the current enterprise	Work experience of at least 3 years at a public/private sector company, or an MNC
Residential status	Indian (residents only)	Indian (including NRIs)

**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.