Interest Rate Applicable on Rs. 35 Lakh Home Loan
The applicable home loan interest rate for a 35 lakh home loan for salaried individuals and professional applicants starts at 8.50%* p.a., if they’re able to meet the eligibility criteria.
However, individuals must stay aware of the housing loan rates as it determines the overall outstanding loan amount. Additionally, individuals can take assistance from an EMI calculator to obtain suitable results.
EMI Calculation for a 35 lakh Home Loan with Varying Tenors
Since the monthly instalment varies based on the tenor and interest rate, the following table will show you a clear picture of the same. Here, the interest rate is constant.
Net Loan Amount |
Interest Rate |
Repayment Tenure |
EMI Amount |
Rs. 35 lakh |
8.50%* p.a |
5 years |
Rs. 71,808 |
Rs. 35 lakh |
8.50%* p.a |
10 years |
Rs. 43,395 |
Rs. 35 lakh |
8.50%* p.a |
15 years |
Rs. 34,466 |
Features and benefits of a home loan from Bajaj Housing Finance
Prospective borrowers considering a home loan can explore the Bajaj Housing Finance Home Loan features outlined below:
Competitive interest rates
With rates starting at 8.50%* p.a., Bajaj Finance provides an economical home loan option tailored to suit various budgets.
Quick disbursement
Experience swift loan disbursals with Bajaj Finance. Get your sanctioned amount credited to your account within just 48 Hours* post approval.
Generous top-up loan
Secure an additional top-up loan at a competitive interest rate to manage other financial commitments effortlessly.
Hassle-free balance transfer
Switch your current home loan to Bajaj Finance with minimal paperwork and enjoy potential savings.
Extended loan tenure
With a tenure that can go up to 32 years, Bajaj Finance offers borrowers ample time to strategise their EMI repayments.
Flexible repayment options
Benefit from Bajaj Finance’s flexible repayment plans with no extra charges on part-prepayments and foreclosures.
From the above classification, borrowers can see EMIs for a 35 lakh home loan and how it changes significantly depending on the tenor. Thus, individuals need to select a repayment tenor accordingly to find an instalment suiting their affordability.
How to calculate Rs. 35 lakh home loan EMI online
You can easily calculate your home loan EMI with the Bajaj Finserv Home Loan EMI Calculator. This simple and intuitive tool helps you plan your finances effectively before committing to a loan.
Follow these steps to calculate your Rs. 35 lakh home loan EMI online:
- Enter the loan amount: Input the total amount you wish to borrow as a home loan. For instance, Rs. 35 lakh.
- Select the interest rate: Input the interest rate at which you are borrowing.
- Set the loan tenure: Choose the repayment tenure for your home loan.
- View your results: Instantly, the calculator will display the EMI amount, total interest payable, and the total payment (principal + interest).
- Adjust as needed: Experiment with different values for the loan amount, interest rate, or tenure to tailor an EMI plan that suits your budget.
The home loan EMI calculator ensures accurate results and saves you from manual calculations. Use this smart tool to plan your home-buying journey with Bajaj Finserv Home Loan efficiently.
Check home loan EMI across different loan amounts
Frequently asked questions
For a Rs. 35 lakh home loan with a tenure of 15 years at an interest rate of 8.50%, the Equated Monthly Instalment (EMI) would be approximately Rs. 34,065. This calculation includes both the principal amount and the interest over the loan tenure.
For a Rs. 35 lakh loan over a 5-year tenure at an interest rate of 8.50%, the Equated Monthly Instalment (EMI) would be approximately Rs. 73,639. This calculation considers both the principal repayment and the accrued interest over the loan's duration.
For a Rs. 30 lakh home loan with a tenure of 15 years at an interest rate of 8.50%, the monthly Equated Monthly Instalment (EMI) would be approximately Rs. 29,851. This EMI includes both the principal amount and the interest accrued over the loan period.
Yes, you can get a Rs. 35 lakh home loan if you meet the eligibility criteria. Key factors include your income, credit score, age, employment stability, and existing financial obligations.
For a Rs. 35 lakh home loan, the required salary depends on the EMI and your debt-to-income ratio. Typically, a monthly income of Rs. 75,000 or more is ideal to ensure affordable repayments over the loan tenure.
At an 8.5% interest rate, the EMI for a Rs. 35 lakh home loan with a 10-year tenure is approximately Rs. 43,395. This includes the principal and interest components and ensures the loan is repaid in 120 instalments.
For a Rs. 35 lakh home loan with a 20-year tenure and an 8.5% interest rate, the EMI comes to approximately Rs. 30,374. This longer tenure lowers the monthly burden but increases the total interest payable.
With a 15-year tenure at an 8.5% interest rate, the EMI for a Rs. 35 lakh home loan is around Rs. 34,466. It balances affordability with interest costs, providing a manageable repayment plan for borrowers.
