✓ Home Loan from ₹2 Lakhs To ₹15 Cr ✓ Multiple Lending Partners ✓ Interest Rates Starting @ 8.50%

If you want to buy a home of your own but do not have the necessary amount of funds, you may want to consider taking a home loan. To turn your dream of becoming a homeowner into a reality, you can easily avail a home loan of up to ₹1 crore from Bajaj MARKETS. Once you take the home loan, you will need to repay it through Equated Monthly Instalments (EMIs) every month. Note that you must be extremely financially vigilant throughout the repayment tenure of your ₹1 Crore home loan as paying them late can affect your financial health negatively.


EMI Calculation for ₹1 Crore Home Loan at Different Loan Repayment tenures

If you pick a long repayment tenure for your ₹1 crore home loan, you will pay small amounts as EMIs every month but you will eventually pay a higher amount as interest over time. On the other hand, shorter loan repayment tenures will mean that your EMI outflow will be higher, but you will pay a significantly lesser amount as interest by the end of the repayment period. The EMI amount for your ₹1 crore home loans at different loan repayment tenures will look as follows. The below table will also show you the total amount that you will pay by the end of your home loan repayment tenure. For the example below, assume that the interest rate is going to be 12% per annum.

EMI Calculation for ₹1 Crore Home Loan at Different tenures

Home Loan Repayment tenure Length (In years)

EMI Amount

Total Payable Amount by the end of the Repayment tenure

10 years



15 years



20 years



25 years



30 years




Interest Rate Applicable on a ₹1 Crore Home Loan

You can get a home loan from Bajaj MARKETS at an interest rate as low as 8.50% p.a. But, note that the higher your loan amount is, the higher interest rate will be applicable to you. If you are planning to avail more than ₹1 crore as a home loan, you should compare the home loan options offered by various lending partners of Bajaj MARKETS. Post that, you should go for the one that you will be most comfortable paying back.

Eligibility Criteria for a ₹1 Crore Home Loan

In order to get a ₹1 crore home loan, you will need to fulfil the following eligibility criteria for housing loan

  • Age: Minimum age requirement is 21 years of age

  • Residency Status: You must either be a resident Indian or a Non-Resident Indian (NRI) to get a ₹1 crore Home Loan

  • Income Criteria: Your monthly income criteria will majorly depend on your location and lender. Check with the lending institution regarding the same.

  • Credit Score: Your CIBIL score should be equal to or more than 750.

How to Apply for a ₹1 Crore Home Loan?

You can easily apply for a housing loan through Bajaj MARKETS. All you need to do is follow the steps mentioned below.

  • Step 1: Enter personal details: First, key in your personal and income details to get instant home loan eligibility.

  • Step 2: Pick your lending partner: Next, you will see home loan options from various lending partners of Bajaj MARKETS. You will also see the maximum amount you can avail as a home loan and your maximum repayment tenure. Select one such loan option to proceed.

  • Step 3: Mention requirement and property details: Post that, fill in your required home loan amount and property details.

  • Step 4: Unlock your final details: The page you will follow will say that your loan application has been submitted and it is being processed. Along with that, you will also see your loan details and your net disbursal amount. Now, all you will have to do is wait for a customer service executive to get in touch with you to take things forward.

Documents Required for a ₹1 Crore Home Loan

To get a home loan of ₹1 Crore, you will need the following documents for housing loan:

  • Identity proof: Passport/Driving Licence/Aadhaar Card

  • Address proof: Aadhaar Card/Passport/Driving Licence/Utility Bills

  • Income proof: Salary of the past three months along with bank statements going off the past six months will be needed. Additionally, you will also need the latest copy of your Form-16 from your employer if you are a salaried person along with your Income Tax Returns of at least 2 years. If you are a self-employed professional, you will need audited profit and loss statements along with your income tax returns of the past 2 years.

  • Property documents: A copy of your buyer agreement/allotment letter or sale deed sale will also be needed.

How to Minimise Your ₹1 Crore Home Loan EMI Amount?

The following ways can help you reduce your ₹1 Crore home loan EMI amount:

  • Opt for a longer repayment tenure: Longer home loan repayment tenures result in smaller EMI amounts and vice-versa.

  • Get a lower interest rate: You can compare your home loan options across several lenders and go for the one with the longest home loan repayment tenure and the lowest borrowing rate possible. A lower interest rate will translate to lower EMI amounts.

  • Improve your CIBIL score: You should ideally have a CIBIL score of 750 or above while getting a home loan, irrespective of the amount. A CIBIL score higher than that will give you considerable bargaining power, which you can leverage to bring your interest rate down. You can also improve your CIBIL score by prepaying your other loans.

  • Talk to your banker: If you have a long-standing relationship with your bank, you can always request them get your housing loan interest rate reduced. Chances are that they will happily oblige as banks always like to keep creditworthy customers happy.

  • Make a sizable downpayment: A big down payment will reduce your home loan requirement, which will reduce your home loan EMI amount too.

Factors that affect Your ₹1 Crore Home Loan EMI

Some of the factors that will affect your home loan EMI amount are as follows:

  • Repayment tenure: A longer loan repayment tenure will mean that you will pay lower amounts as home loan EMIs every month and vice-versa. Shorter loan repayment tenures, on the other hand, would mean that your monthly EMI outflow will be higher.

  • Interest rate: Also known as the cost of borrowing a loan, interest rates directly impact your home loan EMIs. Lower interest rates would result in low monthly housing loan EMI payments and vice-versa.

  • Credit score: If you have a credit score of 750 or above, you can get a home loan at a favourable interest rate. If your credit score is higher than that, you can always use the same to negotiate lower rates of interest with your borrower.

  • Loan amount: Higher loan amount means a higher interest rate, meaning that you will make higher monthly EMI payments and vice-versa.

  • Loan to Value (LTV) Ratio: A high loan to value ratio will give the lender an impression that you are a high-risk individual, which means that he or she may charge you a high interest rate. As a result, you will have to pay higher EMIs. If your LTV ratio is low, your risk profile will become much more favourable, which will reduce your monthly EMI amounts. Hence, if you want to make lower EMI payments every month, consider making a sizable downpayment.