Rs.12 Lakh Home Loan - EMI, Eligibility and Interest Rate @8.25%*p.a.

Home Loan of Rs.12 Lakh: Overview

Owning a dream home can be a milestone achievement for many prospective borrowers. With the right financing, securing a residential property can be hassle-free. With customised Home Loans from Bajaj Housing Finance, you can avail of a Home Loan of Rs.12 Lakh at a competitive interest rate and a flexible repayment tenor.

Features and Benefits of a Home Loan of Rs.12 Lakh

Attractive Interest Rates

Bajaj Housing Finance offers Home Loans at competitive interest rates, ensuring manageable EMIs and hassle-free repayment.

Long Repayment Tenor

With a long repayment tenor extending up to 32 years, you can repay your Home Loan at your pace.

24/7 Account Management

Enjoy a seamless borrowing experience with real-time access to your loan details and documents. Easily manage and review your information anytime through the Bajaj Housing Finance Customer Portal.

6,000+ Approved Projects

You can select your dream home from our extensive list of over 6,000 approved projects and benefit from favourable borrowing terms, along with fast and hassle-free loan processing.

Eligibility Criteria of Rs.12 Lakh Home Loan

Applying for a Home Loan of Rs.12 Lakh with Bajaj Housing Finance is simple with our easy-to-meet eligibility criteria:

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

**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.

Home Loan of Rs.12 Lakh: Required Documents

With our minimal documentation and quick processing, you can experience a hassle-free Home Loan journey. You can also opt for our doorstep document pickup facility. You will have to submit the following documents***:

KYC Documents: Aadhaar Card, Voter ID, or Passport
Address Proof: Utility bills
Mandatory Documents: PAN Card or Form 60
Profit and Loss statements and income documents (for self-employed applicants)
Last 3 months’ salary slips (for salaried applicants)
Property Documents: Title deed, property tax receipts, and allotment letter

***This is an indicative list of documents.

Home Loan of Rs.12 Lakh: EMIs for Various Tenors

Before availing of a Home Loan of Rs.12 Lakh, it is essential to calculate your EMIs to make a well-informed decision. A housing loan EMI calculator simplifies this process by estimating the monthly instalments based on the loan amount, interest rate, and repayment tenor.

The tables below show the EMI calculations for Home Loans of Rs.12 Lakh for different tenors:

EMI for Rs.12 Lakh Home Loan for 32 Years

Loan Amount	Tenor	Interest	EMI
Rs. 12 Lakh	32 years	8.25%*	Rs.8,890

EMIs for Rs.12 Lakh Home Loan for 20 Years

Loan Amount	Tenor	Interest	EMI
Rs. 12 Lakh	20 years	8.25%*	Rs.10,225

EMIs for Rs.12 Lakh Home Loan for 15 Years

Loan Amount	Tenor	Interest	EMI
Rs. 12 Lakh	15 years	8.25%*	Rs.11,642

EMIs for Rs.12 Lakh Home Loan for 10 Years

Loan Amount	Tenor	Interest	EMI
Rs. 12 Lakh	10 years	8.25%*	Rs.14,718

EMIs for Rs.12 Lakh Home Loan for 5 Years

Loan Amount	Tenor	Interest	EMI
Rs. 12 Lakh	5 years	8.25%*	Rs.24,476

Steps to Apply for a Home Loan of Rs.12 Lakh

Applying for a Rs.12 Lakh Home Loan with Bajaj Housing Finance is quick and hassle-free with our online application process. Follow these simple steps to apply:

Visit our Home Loan application form.
Provide your personal details, including your name, contact number, and employment type.
Choose the loan type you wish to apply for.
Enter your net monthly income and PIN code.
Specify the loan amount you need.
Generate and enter the OTP for verification.
Fill in all the required details.
Submit the application form.

After you submit the form, our team will contact you within 24 hours* to guide you through the next steps.

*Terms and conditions apply.

FAQs

The interest rate and repayment tenor determine your monthly instalments or EMIs for a Home Loan of Rs.12 Lakh. You can calculate your EMIs easily using our Home Loan EMI Calculator. Follow these steps:

Enter the loan amount you wish to borrow.
Select or enter the repayment tenor.
Enter the applicable interest rate.

The calculator will instantly display the estimated EMI amount along with the total interest and amount payable.

For a Home Loan of Rs.12 Lakh with Bajaj Housing Finance, you need to meet the following eligibility criteria based on your employment type:

Salaried Individual:

Must be an Indian (including NRIs)
Should fall within the age range of 23 to 67 years** of age
Should have a minimum of 3 years of work experience

Self-Employed Applicant:

Should be an Indian (resident only)
Must be between 23 and 70 years** of age
Should have at least 3 years of business continuity

**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.