Rs.1 Crore Home Loan Details
The Bajaj Housing Finance Home Loan is versatile and can accommodate varied homebuying needs and requirements. We sanction Home Loan amounts of Rs.5 Crore* or higher based on your eligibility. In this case, applicants can avail of a Home Loan of Rs.1 Crore or higher with ease to fund their property purchase.
Features and Benefits of Rs.1 Crore Home Loan
Competitive Interest Rate
Eligible salaried applicants can benefit from our competitive Home Loan interest rate, starting from 8.50%* p.a.
Sizeable Loan Sanction
The Bajaj Housing Finance Home Loan allows sizeable loan sanctions to applicants who satisfy our easy eligibility criteria.
Flexible Repayment Tenor
Our borrowers benefit from our flexible repayment tenor, which can even stretch up to 40 years. It allows the repayment process to be completed with ease.
Online Account Management
We make handling your Home Loan details easier for you by way of our Online Account Management portal, which lets you access your loan details without visiting our branch in person.
Zero Part-Prepayment and Foreclosure Charges
If you are an individual servicing our Home Loan with a floating interest rate, you enjoy free part-prepayment and foreclosure privileges with us.
Calculate Your Home Loan EMI
Repayment schedule
Eligibility Criteria for a Home Loan of Rs.1 Crore
Aspiring borrowers only have to meet our easy Home Loan eligibility criteria to get the home finance terms they desire. Our eligibility parameters are hassle-free and minimal.
For Salaried Individuals
- You should be an Indian (NRIs included)
- You should be between 23 and 75 years of age**
- You should have a work experience of at least 3 years
For Self-Employed Individuals
- You should be an Indian (Resident only)
- You should be between 25 and 70 years of age**
- You should be able to show 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.
Home Loan of up to Rs. 1 Crore: Documents Required
- KYC documents (address and identity proofs)
- Mandatory documents (PAN Card or Form 60)
- Photographs
- Latest salary slips (for salaried applicants)/TR document and P&L statements (for self-employed applicants)
- Bank account statements of the previous 6 months
- Document for proof of business, with minimum 5 years’ vintage (for businessmen/self-employed individuals only)
Note: The list of documents mentioned here is indicative. Additional documents may be requested at the time loan processing.
EMI Tenor for a Home Loan of Rs.1 Crore
It is suggested that before you proceed to apply for a housing loan, use the Home Loan EMI calculator to project a tentative EMI plan, based on your preferred home loan terms.
Following are the details of EMIs for Rs.1 Crore Home Loan for the tenor of 10 years, 15 years, 20 years, 25 years, 30 years, and 40 years at an interest rate of 8.50%*p.a.
| Loan Amount (In Rs) | Tenor | EMIs (In Rs.) |
|---|---|---|
| 1 Crore | 40 years | 73,309 |
| 1 Crore | 30 years | 76,891 |
| 1 Crore | 25 years | 80,523 |
| 1 Crore | 20 years | 86,782 |
| 1 Crore | 15 years | 98,474 |
| 1 Crore | 10 years | 1,23,986 |
*The values in the preceding tables are subject to change.
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.
Steps to Apply for a Home Loan up to Rs.1 Crore
If you’re waiting to apply for a housing loan, the application process is easy-to-follow, and hassle-free.
- Visit our Home Loan application form
- Proceed to choose the type of housing loan you want, and select your employment type
- Next, fill in the requested details, such as your monthly income, or annual turnover specifics
- You also have the option to declare if you have already identified the property you want to buy
The Home Loan application process will not take you long to complete, and our representative will connect with you shortly to walk you through the next steps.
*Terms and conditions apply
