Rs.38 Lakh Home Loan - EMI, Eligibility and Interest Rate @8.50%*p.a.

Rs.38 Lakh Home Loan: Overview

A Home Loan can be a feasible financial solution for an aspiring borrower to own a dream home, whether for residential or investment purposes. It not only provides the necessary funding at a competitive interest rate and long repayment tenor but also offers tax benefits. If you are planning to avail of a Home Loan of Rs.38 Lakh, consider opting for Bajaj Housing Finance for a hassle-free homeownership journey.

Features and Benefits of a Home Loan of Rs.38 Lakh

6,000+ Approved Projects

Choose your dream home from our extensive list of over 6,000 approved projects and experience hassle-free loan processing.

Customised Repayment Option

If you have availed of a Home Loan to purchase an under-construction property, you can benefit from our customised repayment options, allowing you to pay only a part of your EMIs during the initial stages.

24 x 7 Loan Account Access

Bajaj Housing Finance Customer Portal allows you to access your loan documents and other details easily.

Long Repayment Period

Enjoy the convenience of repaying your Home Loan at your own pace with our flexible repayment tenor extending up to 32 years.

Eligibility Criteria for Rs.38 Lakh Home Loan

Salaried or self-employed individuals who wish to apply for a Home Loan of Rs.38 Lakh with us have to meet the following eligibility criteria:

Home Loan Eligibility Criteria	Self-Employed Applicants	Salaried Applicants
Age	23–70 years**	21–75 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/private sector company, or an MNC

Home Loan of Rs.38 Lakh: EMIs over Various Tenors

Refer to the tables given below to know the EMI calculations for Home Loans of Rs.38 Lakh for different tenors

EMI for Rs.38 Lakh Home Loan for 32 Years

Loan Amount	Tenor	Interest	EMI
Rs.38 Lakh	32 years	8.50%*	Rs.28,834

EMIs for Rs.38 Lakh Home Loan for 30 Years

Loan Amount	Tenor	Interest	EMI
Rs.38 Lakh	30 years	8.50%*	Rs.29,219

EMIs for Rs.38 Lakh Home Loan for 25 Years

Loan Amount	Tenor	Interest	EMI
Rs. 38 Lakh	25 years	8.50%*	Rs.30,599

EMIs for Rs.38 Lakh Home Loan for 20 Years

Loan Amount	Tenor	Interest	EMI
Rs. 38 Lakh	20 years	8.50%*	Rs.32,977

EMIs for Rs.38 Lakh Home Loan for 15 Years

Loan Amount	Tenor	Interest	EMI
Rs. 38 Lakh	15 years	8.50%*	Rs.37,420

EMIs for Rs.38 Lakh Home Loan or 10 Years

Loan Amount	Tenor	Interest	EMI
Rs.38 Lakh	10 years	8.50%*	Rs.47,115

EMIs for Rs.38 Lakh Home Loan for 5 Years

Loan Amount	Tenor	Interest	EMI
Rs. 38 Lakh	5 years	8.50%*	Rs.77,963

To know the applicable EMIs on a Home Loan of Rs.38 Lakh, you can also use a Home Loan EMI Calculator.

Steps to Avail of a Home Loan of Rs.38 Lakh Online

Here are the steps to apply for a Home Loan of Rs.38 Lakh with us online:

Go to our Home Loan application form.
Enter your personal details.
Select the loan type you wish to avail of.
Enter your monthly income and PIN code.
Enter the loan amount you require.
Generate OTP for verification.
Enter the OTP and proceed to fill in the rest of the form.
Click on ‘Submit’ to submit the application form.

Once you submit the form, our representative will contact you within 24 hours* and take you through the next steps.

*Terms and conditions apply.

38 lakh faq

FAQs

Applicants must meet the following eligibility criteria to apply for a Home Loan of Rs.38 Lakh:

Salaried Applicants:

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

Self-Employed Applicants:

Must be an Indian resident
Must 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.

To know your monthly repayment amount for a Home Loan of Rs.38 Lakh, follow these steps: