Overview of Rs.14 Lakh Home Loan
Aspiring homebuyers looking to purchase a housing property may avail of a Home Loan to secure the required finance. Bajaj Housing Finance offers a Home Loan of Rs.14 Lakh at a competitive interest rate and a customised repayment option, ensuring a simple and stress-free homeownership.
Benefits of Rs.14 Lakh Home Loan
Convenient Repayment Option
Repay a Home Loan at your convenience with an extended tenor of up to 32 years.
Competitive Interest Rate
Enjoy the feasible cost of borrowing and convenient EMIs with our competitive interest rates for salaried, self-employed, and professional applicants.
Quick Processing and Disbursal
Apply for a Home Loan of Rs.14 Lakh and enjoy quick disbursal within 48 Hours* upon successful document verification.
Home Loan Balance Transfer Facility
Benefit from a lower interest rate by transferring your outstanding Home Loan balance to us and get a chance to avail of a Top-up Loan to meet housing-related expenses.
Documents Required for a Home Loan of Rs.14 Lakh
Submit the following documents along with your application form to apply for a Home Loan of Rs.14 Lakh with us:
| Type of Document | Salaried Individual | Self-Employed Individual |
|---|---|---|
| Mandatory Documents | PAN Card or Form 60 | Same as a salaried individual |
| KYC Documents | Recent photograph, Voter ID Card, Aadhaar Card, valid Passport, valid Driving License | Same as a salaried individual |
| Address Proof | Utility Bills, Ration Card, or Passbook | Same as a salaried individual |
| 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 a salaried individual |
Note that this is an indicative list of documents.
Eligibility Criteria for a Home Loan of Rs.14 Lakh
To apply for a Home Loan of Rs.14 Lakh, salaried and self-employed applicants need to meet the following eligibility criteria:
| Home Loan Eligibility Criteria | Salaried Applicants | Self-Employed Applicants |
|---|---|---|
| Residential status | Indian (including NRIs) | Indian (residents only) |
| Age | 23–67 years** | 23–70 years** |
| Employment status | At least 3 years or work experience at a public/private company or an MNC | A minimum of 3 years of vintage 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.
EMIs for Various Tenors on a Home Loan of Rs.14 Lakh
Calculating EMIs manually can be time-consuming and prone to errors. If you are looking to avail of a Home Loan of Rs.14 Lakh, it is recommended that you use our Home Loan EMI Calculator to estimate your EMIs beforehand.
The following tables show EMIs applicable on a Home Loan of Rs.14 Lakh for different tenors:
EMI for Rs.14 Lakh Home Loan for 32 Years
| Loan Amount | Tenor | Interest | EMI |
|---|---|---|---|
| Rs.14 Lakh | 32 years | 8.25%* | Rs.10,372 |
EMI for Rs.14 Lakh Home Loan for 30 Years
| Loan Amount | Tenor | Interest | EMI |
|---|---|---|---|
| Rs.14 Lakh | 30 years | 8.25%* | Rs.10,518 |
EMI for Rs.14 Lakh Home Loan for 25 Years
| Loan Amount | Tenor | Interest | EMI |
|---|---|---|---|
| Rs.14 Lakh | 25 years | 8.25%* | Rs.11,038 |
EMI for Rs.14 Lakh Home Loan for 20 Years
| Loan Amount | Tenor | Interest | EMI |
|---|---|---|---|
| Rs. 14 Lakh | 20 years | 8.25%* | Rs.11,929 |
EMI for Rs.14 Lakh Home Loan for 15 Years
| Loan Amount | Tenor | Interest | EMI |
|---|---|---|---|
| Rs. 14 Lakh | 15 years | 8.25%* | Rs.13,582 |
EMI for Rs.14 Lakh Home Loan for 10 Years
| Loan Amount | Tenor | Interest | EMI |
|---|---|---|---|
| Rs.14 Lakh | 10 years | 8.25%* | Rs.17,171 |
EMI for Rs.14 Lakh Home Loan for 5 Years
| Loan Amount | Tenor | Interest | EMI |
|---|---|---|---|
| Rs. 14 Lakh | 5 years | 8.25%* | Rs.28,555 |
Home Loan of Rs.14 Lakh – How to Apply Online
If you are planning to apply for a Home Loan of Rs.14 Lakh online with Bajaj Housing Finance, follow the steps given below:
- Visit our Home Loan application form.
- Enter your personal details.
- Select your employment type.
- Select the type of loan you wish to apply for from the given list.
- Enter your monthly income.
- Enter the PIN code.
- Enter the desired loan amount.
- Generate OTP.
- Fill in the financial details.
- Click on ‘Submit’ to submit the application form.
Upon submitting the Home Loan application form, our representative will contact you within 24 hours* to discuss the next steps.
*Terms and conditions apply.
FAQs
To be eligible for a Home Loan of Rs.14 Lakh, you need to meet the following eligibility criteria:
Salaried Individuals:
- Should be Indian citizens (including NRIs)
- Must be between 23 and 67 years** of age
- Must have a minimum of 3 years of work experience in a public or private company or an MNC
Self-Employed Individuals:
- Must be an Indian (resident only)
- Must be aged between 23 and 70 years**
- Should at least have 3 years of vintage 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.
The steps to calculate EMIs for Rs.14 Lakh Home Loan are:
-
Visit our Home Loan EMI Calculator.
-
Enter the desired loan amount.
-
Select or enter the tenor.
-
Enter the rate of interest.
The calculator will display the tentative EMIs on a Home Loan of Rs.14 Lakh.
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