Home Loan of up to Rs.32 Lakh

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Overview of Rs.32 Lakh Home Loan

Overview of Rs.32 Lakh Home Loan

Looking to purchase your dream home? A Home Loan can be a feasible financing option for a prospective homebuyer to secure a residential property with ease. It not only provides the necessary funds but also offers tax benefits. Whether you are looking to purchase a read-to-move-in or an under-construction property, a Home Loan of Rs.32 Lakh can be beneficial.

Features of a Home Loan of Rs.32 Lakh

Features of a Home Loan of Rs.32 Lakh

Quick Home Loan Disbursal

After document verification and approval, you can expect the loan amount to be disbursed within 48 Hours*.

Long Tenor of up to 32 Years

Our flexible and long repayment allows you to repay your loan comfortably at your own pace.

Easy Balance Transfer Facility

If you are looking to maximise your savings, opt for a Home Loan balance transfer with us and benefit from a reduced interest rate and transparent customer service.

Minimal Documentation

We require only a few documents, such as KYC, address proof, and mandatory documents, to process your Home Loan. You can opt for our doorstep document pick-up service for a hassle-free application.

Documents Required for Rs.32 Lakh Home Loan

Documents Required for Rs.32 Lakh Home Loan

To apply for a Home Loan of up to Rs.32 Lakh, submit the following documents*** along with your application form:

  • KYC documents, such as an Aadhaar Card or Voter’s ID
  • Utility Bills
  • PAN Card or Form 60 (mandatory documents)
  • P&L statements, income documents showcasing consistent income from the current business with a vintage of at least 3 years (for self-employed applicants
  • 3 months’ salary slips (for salaried applicants)
  • Title Deed, Property Tax Receipts, and Allotment Letter

***This list of documents is indicative. Our representatives may request additional documents.

Eligibility Criteria for Rs.32 Lakh Home Loan

Eligibility Criteria for Rs.32 Lakh Home Loan

Prospective homebuyers looking to apply for a Home Loan of Rs.32 Lakh need to meet the criteria given below:

Salaried Applicants:

  • Must be an Indian citizen (including NRIs)
  • Must fall within the age range of 21 to 75 years** 
  • Should have a minimum of 3 years of work experience

Self-Employed Individual:

  • Must be an Indian resident
  • Should be aged between 23 and 70 years**
  • Should have at least 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.

EMI over Various Tenors for a Home Loan of Rs.32 Lakh

EMI over Various Tenors for a Home Loan of Rs.32 Lakh

Refer to the tables given below to know the EMI calculations for a Home Loan of Rs.32 Lakh for various tenors:

EMIs for Rs.32 Lakh Home Loan for 32 Years

Loan Amount Tenor Interest EMI
Rs.32 Lakh 32 years 8.50%* Rs.24,282
EMIs for Rs.32 Lakh Home Loan for 30 Years

Loan Amount Tenor Interest EMI
Rs.32 Lakh 30 years 8.50%* Rs.24,605
EMIs for Rs.32 Lakh Home Loan for 25 Years

Loan Amount Tenor Interest EMI
Rs. 32 Lakh 25 years 8.50%* Rs.25,767
EMIs for Rs.32 Lakh Home Loan for 20 Years

Loan Amount Tenor Interest EMI
Rs. 32 Lakh 20 years 8.50%* Rs.27,770
EMIs for Rs.32 Lakh Home Loan for 15 Years

Loan Amount Tenor Interest EMI
Rs. 32 Lakh 15 years 8.50%* Rs.31,512
EMIs for Rs.32 Lakh Home Loan or 10 Years

Loan Amount Tenor Interest EMI
EMI 10 years 8.50%* Rs.39,675
EMIs for Rs.32 Lakh Home Loan for 5 Years

Loan Amount Tenor Interest EMI
Rs. 32 Lakh 5 years 8.50%* Rs.65,653

You can also use our housing loan interest calculator to estimate the EMIs for a Home Loan of Rs.32 Lakh.

Steps to Apply for a Home Loan of Rs.32 Lakh

Steps to Apply for a Home Loan of Rs.32 Lakh

Apply for a Home Loan of Rs.32 Lakh with Bajaj Housing Finance by following these simple steps:

  1. Visit our Home Loan application form.
  2. Fill in your personal details
  3. Choose your loan type and specify your employment type.
  4. Provide the necessary financial information and complete the form.
  5. Click ‘Submit’ to send your application.

Once submitted, our representative will contact you within 24 hours* to guide you further.

You can apply for a Home Loan of Rs.32 Lakh by visiting any of our branches across India.

*Terms and conditions apply.

FAQs

FAQs

Individuals who meet the following eligibility criteria can apply for a Home Loan of Rs.32 Lakh:

Salaried Individual:

  • Should be an Indian citizen (including NRIs)
  • Should be between 21 and 75 years** of age
  • Should have at least 3 years of work experience

Self-Employed Individual:

  • Should be an Indian resident
  • Age should be between 23 and 70 years** of age
  • Should have a minimum of 3 years of business vintage

**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.

You can access our housing loan EMI calculator to estimate your EMIs for a Home Loan of Rs.32 Lakh. You need to enter a few details such as your desired loan amount, rate of interest, and tenor to know your EMIs instantly.

32 Lakh  RAC

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