Home loan up to Rs. 10 lakh
Bajaj Finserv offers a home loan of up to Rs. 15 crore*, designed to support various housing needs, whether you're planning to buy, construct, or renovate your home. This financing option features competitive interest rates and a flexible tenure of up to 32 years, allowing you to tailor your repayment schedule to fit your budget.
Using the home loan EMI calculator can help you find the ideal repayment period, ensuring manageable monthly payments. Additionally, if you're a beneficiary of the Pradhan Mantri Awas Yojana (PMAY), you may qualify for the Credit Linked Subsidy Scheme (CLSS), which provides an interest subsidy of up to 6.50%, amounting to a potential savings of Rs. 2.76 lakh on your loan.
Features and Benefits of Rs. 10 Lakh Home Loan EMI
Following are the features and benefits of Tax benefits on joint home loan
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Reasonable rate of interest
Starting from 8.50%* p.a., Bajaj Finserv offers applicants an affordable home loan option to fit their finances.
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Speedy disbursal
No more long waits for loan amounts with Bajaj Finserv. Find your sanction amount in your bank account in just 48* hours from approval.
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Ample sanction amount
Bajaj Finserv provides loan amounts as much as up to Rs. 15 crore*, to eligible candidates, to boost your home buying journeys.
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5000+ project approved
Find over 5000+ choices in approved projects and enjoy better home loan terms from Bajaj Finserv.
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External benchmark linked loans
By opting for the Bajaj Finserv Home Loan linked to an external benchmark, applicants can enjoy reduced EMIs along with favourable market conditions.
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Digital monitoring
Now keep a close eye on all your loan developments and EMI schedules through the Bajaj Finserv online platform.
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Long tenor stretch
The Bajaj Finserv home loan tenor stretches up to 32 years allowing borrowers a buffer period to plan out their EMI payments.
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Zero contact loans
Experience a truly remote home loan application from anywhere in India by applying Bajaj Finserv online home loans and getting an easy approval.
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No prepayment and foreclosure charge
Bajaj Finserv allows you to foreclose the loan or make part-prepayments at no extra costs or prepayment penalty – making way for maximum savings.
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Loan subsidies
Avail of the loan subsidies offered under the PMAY scheme, with Bajaj Finserv. Approach us for updated terms and best home loan deals.
10 Lakh Loan EMI for Varying Tenures
Net loan amount |
Repayment tenure |
Interest rate |
EMI amount |
Rs. 10 lakh loan |
5 years |
8.50** p.a. |
Rs. 20,517 |
Rs. 10 lakh loan |
10 years |
8.50** p.a. |
Rs. 12,399 |
Rs. 10 lakh loan |
15 years |
8.50** p.a. |
Rs. 9,847 |
Rs. 10 lakh loan |
20 years |
8.50** p.a. |
Rs. 8,678 |
Rs. 10 lakh loan |
25 years |
8.50** p.a. |
Rs. 8,052 |
Rs. 10 lakh loan |
30 years |
8.50** p.a. |
Rs. 7,689 |
*The table has values that are subject to change.
Rs. 10 Lakh Home Loan EMI Eligibility Criteria
Take a look at the eligibility criteria you must meet to qualify for this home loan.
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Nationality
Indian
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Age
23 years to 65 years for salaried individuals, 23 years to 70 years for self-employed
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Employment status
At least 3 years of experience for salaried individuals, at least 5 years of business continuity for self-employed individuals
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CIBIL score
Check your CIBIL Score for FREE725 or higher
*Please note that the list of eligibility terms mentioned is indicative. Terms and conditions apply.
Rs. 10 Lakh Home Loan EMI for 5 Years
Loan amount |
Rs. 10 lakh |
Interest rate |
8.50%* p.a. |
Loan tenure |
5 years |
Rs. 10 lakh home loan EMI for 5 years |
Rs. 20,517 |
Total interest payable |
Rs. 2,30,992 |
Total payable amount |
Rs. 12,30,992 |
Rs. 10 Lakh Home Loan EMI for 10 Years
Loan amount |
Rs. 10 lakh |
Interest rate |
8.50%* p.a. |
Loan tenure |
10 years |
Rs. 10 lakh home loan EMI for 10 years |
Rs. 12,399 |
Total interest payable |
Rs. 4,87,828 |
Total payable amount |
Rs. 14,87,828 |
Rs. 10 Lakh Home Loan EMI for 15 Years
Loan amount |
Rs. 10 lakh |
Interest rate |
8.50%* p.a. |
Loan tenure |
15 years |
Rs. 10 lakh home loan EMI for 15 years |
Rs. 9,847 |
Total interest payable |
Rs. 7,72,531 |
Total payable amount |
Rs. 17,72,531 |
Rs. 10 Lakh Home Loan EMI for 20 Years
Loan amount |
Rs. 10 lakh |
Interest rate |
8.50%* p.a. |
Loan tenure |
20 years |
Rs. 10 lakh home loan EMI for 20 years |
Rs. 8,678 |
Total interest payable |
Rs. 10,82,776 |
Total payable amount |
Rs. 20,82,776 |
Rs. 10 Lakh Home Loan EMI for 25 Years
Loan amount |
Rs. 10 lakh |
Interest rate |
8.50%* p.a. |
Loan tenure |
25 years |
Rs. 10 lakh home loan EMI for 25 years |
Rs. 8,052 |
Total interest payable |
Rs. 14,15,681 |
Total payable amount |
Rs. 24,15,681 |
Rs. 10 Lakh Home Loan EMI for 30 Years
Loan amount |
Rs. 10 lakh |
Interest rate |
8.50%* p.a. |
Loan tenure |
30 years |
Rs. 10 lakh home loan EMI for 30years |
Rs. 7,689 |
Total interest payable |
Rs. 17,68,089 |
Total payable amount |
Rs. 27,68,089 |
Interest rate and fees for Home loan up to Rs. 10 lakh
The home loan interest rate we offer are some of the most affordable in the market and can help keep costs in check.
*Conditions Apply
How to apply for Rs. 10 lakh home loan
To apply, follow these steps:
- Click on the 'APPLY' button located on this page.
- Fill in your full name, mobile number, and employment type.
- Choose the loan type you want to apply for.
- Generate and submit the OTP to verify your phone number.
- After verifying the OTP, provide additional details such as your monthly income, desired loan amount, and whether you have identified a property.
- Next, enter your date of birth, PAN number, and any other information requested based on your occupation.
- Finally, click on the 'SUBMIT' button.
That’s it! Your application will be submitted, and a representative will contact you to guide you through the next steps.
Home Loan EMI Calculation for Different Loan Amounts
Home loan EMI based on amount |
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Frequently asked questions
For a Rs. 40 lakh home loan at an interest rate of 8.5% over a tenure of 20 years, the EMI would be approximately Rs. 34,870. This calculation can vary based on tenure and specific loan conditions. You can use a home loan EMI calculator for precise amounts based on different tenures.
The monthly EMI for a Rs. 10 lakh loan at an interest rate of 8.5% for a tenure of 20 years would be around Rs. 8,718. This will differ based on your specific lender and loan terms.
You can calculate the EMI for a Rs. 10 lakh home loan using the formula:
EMI = [P x R x (1+R)^N] / [(1+R)^N - 1], where P is the loan amount, R is the monthly interest rate (annual rate ÷ 12), and N is the loan tenure in months. Alternatively, use a home loan EMI calculator for quick results.
Yes, you can get a Rs. 10 lakh home loan if you meet the lender’s eligibility criteria. Factors like your income, credit score, repayment capacity, and property value determine your loan approval.
At an 8.50% interest rate, the EMI for a Rs. 10 lakh home loan depends on the tenure. For example, for 5 years, the EMI will be Rs. 20,527, and for 20 years it will be Rs. 8,678. You can also use a home loan EMI calculator for precise calculations.
