Home Loan of up to Rs.3.5 Crore: Overview
A Home Loan is a type of secured loan that one can avail of to purchase a residential property. If you are looking for home financing of Rs.3.5 Crore to facilitate the smooth purchase of your dream home, you can apply for a Home Loan.
Apart from the benefit of sizeable loan sanctions, our Home Loan also comes with a flexible repayment tenor, manageable EMIs, and a host of other features.
Interest Rate on Rs.3.5 Crore Home Loan
The interest rate on our Home Loans begins at 8.50%* per annum for salaried borrowers. However, a borrower's age, monthly income, credit score, and other factors are taken into account when deciding on the final interest rate to be offered to them.
EMI for Different Tenors for Rs.3.5 Crore Home Loan
Keeping the interest rate constant at 8.50%* p.a., the table below breaks down the potential EMI amounts for time periods ranging from 10 years to 40 years on a Home Loan EMI of Rs.3.5 crore.
| Loan Amount | Tenor | EMI |
|---|---|---|
| Rs.3.5 Crore | 32 years | Rs.2,65,580 |
| Rs.3.5 Crore | 25 years | Rs.2,81,829 |
| Rs.3.5 Crore | 20 years | Rs.3,03,738 |
| Rs.3.5 Crore | 15 years | Rs.3,44,659 |
| Rs.3.5 Crore | 10 years | Rs.4,33,950 |
Features and Benefits for Home Loan of Rs.3.5 Crore
Competitive Interest Rates
Bajaj Housing offers Home Loans at highly competitive interest rates. Our low interest rate Home Loans make loan repayment simple and stress-free.
Sizeable Loan Sanction
With Bajaj Housing Finance, borrowers can avail of sizeable loan sanctions to purchase their dream home.
Long Repayment Tenor
Borrowers can choose to repay their loan over a period extending up to 32 years. Flexible and long repayment tenor options makes loan repayment easy.
Quick Approval and Disbursal
Our Home Loan eligibility criteria are simple to meet. Therefore, it is easy to get approved with us. Further, with us, you can expect loan disbursal within 48 Hours* of document submission and approval.
Zero Part-Prepayment and Foreclosure Charges
Individual borrowers who have taken a Housing Loan of up to Rs.3.5 Crore on floating interest rates can prepay or foreclose their loan at no additional cost at any time during their repayment journey.
Easy-to-Use Online Tools to Help
Borrowers can use online tools, such as our Home Loan Eligibility Calculator and Home Loan EMI Calculator, to navigate the Home Loan application process easily.
Online Account Management
Managing your Home Hoan account has never been easier – you can now pay your EMIs and do a lot more while sitting at home through our online customer portal.
Home Loan of up to Rs.3.5 Crore: Eligibility Criteria
Home Loan Eligibility Criteria for Salaried Professionals
- The applicant should be an Indian (including NRI).
- They should be between 21 and 75 years** of age at the time of loan maturity.
- The applicant should be able to show at least 3 years of work experience.
Home Loan Eligibility for Self-Employed Applicants
- The applicant should be an Indian citizen (resident only).
- 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 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.3.5 Crore: Documents Required
Please keep the following documents ready with you to enjoy a smooth Home Loan application process:
- Mandatory documents such as PAN Card or Form 60
- KYC documents
- Passport-size photographs
- Your last six months’ bank account statements
- Documents that establish proof of business or 3 years’ business vintage (for self-employed individuals)
- Latest salary slips (for salaried individuals)
Note: Additional documents may be requested at the time of loan processing.
*Terms and conditions apply.
How to Apply for Home Loan of up to Rs.3.5 Crore?
With Bajaj Housing Finance, the Home Loan application process has become simpler than ever. Now you can avail of a Home Loan right from WhatsApp in just 10 minutes. Discussed below are the steps to apply for a Home Loan of up to Rs.3.5 Crore.
- Send a “Hi” message to our official Home Loan WhatsApp number '7507507315'. Our automated system will assist you further.
- In the following conversation, the bot will ask you to enter some of your basic details, such as your employment type, monthly net income, name, required loan amount, etc.
- Then, you can check the eligible offer available for you.
- Simply pay Rs.1999 + GST via your chosen payment mode and download your In-Principle Sanction Letter.
*Terms and conditions apply.
