Rs.28 Lakh Home Loan - EMI, Eligibility and Interest Rate @8.25%*p.a.

Rs.28 Lakh Home Loan: Overview

Aspiring homebuyers looking to purchase a residential property often turn to Home Loans to make their homebuying process easy. For a Home Loan of Rs.28 Lakh, you can consider applying with us to benefit from competitive interest rates and a flexible repayment tenor.

Benefits of Rs.28 Lakh Home Loan

When you apply for a Home Loan of Rs.28 Lakh, you benefit from the following:

Over 6,000 Approved Projects

You can choose your dream home from our 6,000 + approved projects and experience hassle-free loan processing.

Online Account Management

Our Customer Portal allows you to conveniently manage and access all your loan-related documents and details anytime, anywhere.

Competitive Interest Rate

You can benefit from attractive interest rates, feasible EMIs, and stress-free repayment with us.

Quick Disbursal

Looking for a Home Loan of up to Rs.28 Lakh with fast processing? Apply with us and expect the amount to be disbursed within 48 Hours* after document verification.

Documents Required to Apply for a Home Loan of Rs.28 Lakh

To apply for a Home Loan of Rs.28 Lakh with us, you will have to submit the following documents:

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

Note that this is an indicative list of documents. We may request additional documents at the time of loan processing.

Eligibility Criteria to Apply for Rs.28 Lakh Home Loan

Basis your nature of employment, you need to meet the following eligibility criteria to apply for a Home Loan of up to Rs.28 Lakh:

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.

EMIs for a Home Loan of Rs.28 Lakh for Various Tenors

A Home Loan is a long-term financial commitment that requires proper financial planning. It is advisable to use an EMI calculator to estimate your monthly instalment amount for a Home Loan of Rs.28 Lakh. For instance, you can calculate the EMI for a housing loan of Rs.28 Lakh to be repaid over a tenor of 20 years using our housing loan EMI calculator by following these steps:

1. Enter the loan amount.

2. Select or enter the tenor.

3. Enter or select the interest rate.

Refer to the following tables to understand the EMI amounts for a Home Loan of Rs.28 Lakh over various tenors, such as 32 years, 25 years, 20 years, and 10 years.

EMI for Rs.28 Lakh Home Loan for 32 Years

Loan Amount	Tenor	Interest	EMI
Rs.28 Lakh	32 years	8.25%*	Rs.20,744

EMIs for Rs.28 Lakh Home Loan for 25 Years

Loan Amount	Tenor	Interest	EMI
Rs. 28 Lakh	25 years	8.25%*	Rs.22,077

EMIs for Rs.28 Lakh Home Loan for 20 Years

Loan Amount	Tenor	Interest	EMI
Rs. 28 Lakh	20 years	8.25%*	Rs.23,858

EMIs for Rs.28 Lakh Home Loan or 10 Years

Loan Amount	Tenor	Interest	EMI
Rs. 28 Lakh	10 years	8.25%*	Rs.34,343

Steps to Apply for a Home Loan of Rs.28 Lakh

You can apply for a Home Loan of up to Rs.28 Lakh with Bajaj Housing Finance by visiting our nearest branch or accessing our Home Loan application form. Then, follow the steps given below:

Provide basic details such as your name, contact number, employment type, and net monthly income.
Specify the type of loan you need and proceed to fill out the rest of the required details.

Once submitted, our team will connect with you within 24 hours* to assist you with the subsequent steps.

*Terms and conditions apply.

FAQs

You can access our housing loan EMI calculator to estimate your EMIs for a Home Loan of Rs.28 Lakh. All you need to do is enter the Home Loan amount you require, the tenor over which you want to repay it, and the interest rate.

Here are our easy-to-meet eligibility criteria for salaried and self-employed individuals:

A self-employed applicant must:

Be an Indian resident only
Age should be between 23 and 70 years**
Have at least 3 years of continuity in the current business

A salaried individual must:

Be an Indian citizen (including NRIs)
Be aged between 23 and 67 years**
Have a minimum of 3 years of work experience

**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.