Home Loan up to Rs.2 Crore @ 8.50%* Interest Rate (2024)

Home Loan

Competitive Interest Rate

Salaried, self-employed, or professional homebuyers can make the most of our competitive housing loan interest rate.

Repayment Tenor of 40 Years

With Bajaj Housing Finance, rest assured that your Home Loan repayment will be seamless and hassle-free. You can opt for a repayment tenor of up to 40 years and pay your EMIs conveniently.

Disbursal within 48 Hours*

Get your housing loan amount disbursed in just 48 Hours* post your document verification and approval.

Top-up Loan of up to Rs.1 Crore*

By opting for a Home Loan Balance Transfer, you can enjoy lower interest rates and other charges. Additionally, you can avail of a Top-up Loan starting from Rs.1 Crore*, or more, depending on your eligibility.

Zero Prepayment or Foreclosure Charges

Individual borrowers obtaining housing loans at floating interest rates can prepay or foreclose their Home Loans without incurring any extra charges.

Home Loan Balance Transfer

Existing Home Loan borrowers can transfer their balance with us to maximise savings. Applicants can also avail of a Top-up Loan for housing expenses by transferring their Home Loan.

Eligibility Criteria for a Home Loan of Rs.2 Crore

It is important to check the Home Loan eligibility criteria to maximise your chances of availing of a competitive Home Loan. Here are the easy-to-meet eligibility criteria:

Salaried Applicant

Home Loan eligibility criteria for salaried applicants are as follows:

• Should be an Indian (including NRIs) 
• Should be between 23 and 75 years** of age
• Should have a work experience of at least 3 years

Self-Employed Applicant

Home Loan eligibility criteria for self-employed applicants are as follows:

• Should be an Indian (resident only)
• Should be between 25 and 70 years** of age
• Should have at least 5 years of continuity in your current business

**The upper age limit is considered as the age at the time of loan maturity. Additionally, the upper age limit for applicants is subject to change, depending on the property profile.

Documents Required for Home Loan of Rs.2 Crore

Our document requirements are minimal, making the verification and loan processing simple and hassle-free. To ensure that your documents are processed quickly, have the following list of documents ready:

• Mandatory documents such as PAN Card or Form 60
• KYC documents such as Aadhaar Card or Voter’s ID
• Recent photographs
• Form 16 and/or latest salary slips (for salaried individuals)/ITR document and P&L statements (for self-employed individuals)
• Bank account statements of the previous 6 months
• Document for proof of business, with a minimum 5 years’ vintage (for businessmen/self-employed individuals only)

Note: Additional documents may be requested at the time of loan processing.

Rs.2 Crore Home Loan EMIs for Different Tenors

Before you proceed to apply for a housing loan, it is advised that you use the Home Loan EMI Calculator to estimate a rough EMI plan based on your preferred Home Loan terms.

Here are the details of the EMIs for a Home Loan of Rs.2 Crore for different tenors, considering the applicable interest rate of 8.50%* p.a.

Disclaimer: The interest rate considered here, and its subsequent calculations, are for illustrative purposes only. The calculations and actuals will differ basis the individual’s profile and loan requirements.

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Housing Loan

Interest Rate on Home Loan

Home Loan EMI Calculator

How to Apply for a Home Loan

Documents Required for Housing Loan

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