Home Loan of up to Rs.2.5 Crore
Aspiring homebuyers can avail of a Home Loan of Rs.2.5 Crore from Bajaj Housing Finance and stand to gain from several benefits. Our hassle-free Home Loan process ensures that you have the best homebuying experience. Quick disbursal, online account management, and longer repayment tenor are some of the many benefits that you can enjoy by availing of a Rs.2.5 Crore Home Loan from us. Our online Home Loan EMI Calculator can help you plan the repayment of a Home Loan of Rs.2.5 Crore over a given tenor such as 10 years, 20 years, 30 years, or 40 years.
EMIs for Rs.2.5 Crore Home Loan for Different Tenors
We offer Home Loans at interest rates starting as low as 8.50%* p.a. for salaried individuals. If you have a strong income profile, job stability, and an excellent credit score, you can be eligible for our lowest Home Loan interest rates.
EMI for a Home Loan of up to Rs.2.5 Crore will vary based on the tenor you have chosen. The following table will help you understand the EMI amount for various tenors ranging from 10 to 40 years, with an interest rate of 8.50%* p.a. for salaried borrowers.
| Home Loan | Tenor | EMI |
|---|---|---|
| Rs.2.5 Crore | 32 years | Rs.1,89,700 |
| Rs.2.5 Crore | 25 years | Rs.2,01,307 |
| Rs.2.5 Crore | 20 years | Rs.2,16,956 |
| Rs.2.5 Crore | 15 years | Rs.2,46,185 |
| Rs.2.5 Crore | 10 years | Rs.3,09,964 |
With a loan sanction as high as Rs.2.5 Crore, borrowers should choose a convenient repayment tenor so that the EMIs are feasible and the chances of defaulting on loan repayment are reduced.
Home Loan of Rs.2.5 Crore: Interest Rate
Bajaj Housing Finance offers Home Loans at interest rates as low as 8.50%* per annum for salaried applicants. However, the final interest rate that will be offered to you will be decided based on several factors, such as your age, income, and CIBIL score.
Features and Benefits of Rs.2.5 Crore Home Loan
Following are some features and benefits you can enjoy with a Home Loan offered by Bajaj Housing Finance.
Competitive Interest Rates
Bajaj Housing Finance’s competitive Home Loan interest rates simplify the process of Home Loan repayment and help borrowers keep their EMIs manageable even when the borrowed amount is as high as Rs.2.5 Crore.
Flexible Repayment Tenor
With us, borrowers can choose to repay their loan over a period stretching up to 32 years.
Sizeable Loan Sanction
Bajaj Housing Finance offers Home Loans of up to Rs.5 Crore* or higher, basis eligibility. This helps you buy the house you dream of, without budgetary constraints.
Online Tools to Help
Want to know the ideal loan amount and Home Loan EMIs for you based on your income and other factors? Use our Home Loan EMI Calculator. Similarly, use our Home Loan Eligibility Calculator to understand the Home Loan amount you will qualify.
Zero Part-Prepayment and Foreclosure Charges
Individual borrowers who have availed of a Home Loan on floating interest rates from us can part-prepay or foreclose their loan at any time without paying any additional charges.
Online Account Management
Now access your loan account details, make payments, and raise queries and complaints any time and from anywhere using our online customer portal.
Home Loan of Rs.2.5 Crore: Eligibility Criteria
Our Home Loan eligibility criteria are simple and easy to meet. These are our Home Loan eligibility criteria for salaried and self-employed professionals:
Home Loan Eligibility Criteria for Salaried Professionals
- The applicant can be a residing citizen of India or an NRI.
- They should be between 21 and 75 years** of age at the time of loan maturity.
- They should be able to show at least 3 years of work experience.
Home Loan Eligibility Criteria for Self-Employed Professionals
- The applicant should be an Indian resident.
- They should be between 23 and 70 years** of age at the time of loan maturity.
- They should be able to show at least 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.
Home Loan of Rs.2.5 Crore: Documents Required
Please keep the following documents ready for a hassle-free loan application process:
- Mandatory documents such as PAN Card or Form 60
- KYC documents
- Passport-size photographs
- Latest salary slips (for salaried applicants)/ITR document, and P&L statements (for self-employed applicants)
- Bank account statements of the previous 6 months
- In the case of self-employed professionals, documents that establish at least 3 years of business vintage.
Please note that this is only an indicative list. Our representatives may ask you for additional documents. However, all document-related requirements will be communicated to you well in advance by our team members.
How to Apply for Home Loan of up to Rs.2.5 Crore
Applying for a Home Loan of Rs.2.5 Crore is easy with Bajaj Housing Finance. Follow the simple steps given below:
- To apply for a Home Loan, visit our official website. You can also click ‘Apply Now’ to apply for the Home Loan.
- Enter your personal details such as your name, mobile number, and select the type of employment.
- Select the loan type you wish to avail of and enter your net monthly income.
- Enter the PIN code and the required loan amount.
- Click ‘Generate OTP’ and enter the received OTP in the respective field. After entering the OTP, click ‘Proceed'.
- Fill in all the financial details as requested and complete the form. Note: The fields that you need to fill may vary basis your employment type.
- Click ‘Submit’ to submit the application form.
Once we receive your application, our representative will get in touch with you within 24 hours* to walk you through the next steps.
*Terms and conditions apply.
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