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Bajaj Housing Finance Home Loan EMI Calculator

The Bajaj Housing Finance Home Loan EMI calculator is a digital tool that enables you to compute the total cost of borrowing.

Your Home Loan EMI

₹ 347,897

Total Interest Amount

₹ 75,242,910

Principal Amount

₹ 5,00,00,000

Total Payable Amount

₹ 1

Loan Amount

Interest Rate

- +

Tenure

- +

Calculate Now

You can also make instant comparisons between loan offers from multiple Home Loan providers on Bajaj Markets.

The Bajaj Housing Finance Home Loan EMI calculator is a digital tool that enables you to compute the total cost of borrowing. It is generally provided free of cost, and you can use it on any device from any location.

It helps determine the EMIs payable, total interest outgo, and the final amount to be paid upon completion of the tenure.

By simply entering the loan amount, interest rate, and tenure, you can obtain instant EMI estimates. This tool supports effective financial planning by helping you select a repayment structure that aligns with your budget.

How to Use the Bajaj Housing Finance Home Loan EMI Calculator

The home loan EMI calculator is easy to use and requires only a few basic details. With this tool, you can instantly determine your EMI and plan your finances accordingly. To use the calculator, simply follow the steps outlined below:

Enter your desired loan amount
Select the applicable interest rate
Choose the preferred loan tenure

After entering the details, you will instantly see the home loan EMI amount on the screen. You can even change the variables to arrive at a number that is most suitable for you.

How the Bajaj Housing Finance Home Loan EMI is Calculated

To calculate the Bajaj Housing Finance home loan EMI, you can either perform the calculation manually or use a digital EMI calculator. To calculate the EMI value manually, you can use this formula:

EMI = [P x R x (1+R)^N] / [(1+R)^N-1]

Here,

P is the principal amount
R is the interest rate
N is the repayment tenure

For instance, you receive a home loan of ₹50 Lakhs at an interest rate of 8.55% p.a. for 15 years. Your monthly EMI becomes ₹49,384, with a total interest payable of ₹38,89,054, and a total repayment amount of ₹88,89,054 at the end of maturity.

However, the manual calculation can be time-consuming and is prone to errors. Instead, you can calculate this using a free online calculator.

Benefits of Using the Bajaj Housing Finance Home Loan EMI Calculator

Quick and Simple

An online EMI calculator is simple to operate and delivers quicker results than manual calculations

High Accuracy

It ensures accurate outputs within seconds, eliminating the risk of errors or mathematical mistakes

Detailed Cost Breakdown

A digital calculator offers a comprehensive cost breakdown of the home loan, including interest, EMI, and total amount payable

Free Comparison Tool

This free-of-cost tool enables comparison of various loan options across different repayment tenures

Bajaj Housing Finance Home Loan EMI Amount Calculation Example with Different Tenures

Selecting the appropriate repayment tenure significantly affects both your monthly EMIs and the total interest outgo. A longer tenure results in lower monthly instalments but increases the overall interest payable. In contrast, a shorter tenure leads to higher EMIs while reducing the total interest burden.

For instance, at an interest rate of 12%, the table below illustrates the Bajaj Housing Finance home loan EMIs across different repayment tenures.

Principal Amount	Interest Rate Per Annum	15-year Tenure (180 months)	20-year Tenure (240 months)	30-year Tenure (360 months)
₹25 Lakhs	12%	₹30,004	₹27,527	₹25,715
₹50 Lakhs	12%	₹60,008	₹55,054	₹51,431
₹75 Lakhs	12%	₹90,013	₹82,581	₹77,146
₹1 Crore	12%	₹1,20,017	₹1,10,1089	₹1,02,861

Disclaimer: The above EMIs are calculated with the calculator available on Bajaj Markets. Actual figures may vary depending on the loan terms.

Bajaj Housing Finance Home Loan Eligibility Criteria

Here is an overview of the eligibility requirements for a Bajaj Housing Finance Home Loan:

Salaried Applicants

Must be an Indian citizen
Age: 23 to 67 years
Minimum CIBIL score: 725

Self-employed Applicants

Must be an Indian citizen
Age: 23 to 70 years
Minimum CIBIL score: 725

Once these details are entered, the calculator will instantly show your eligible loan amount and help you plan your home purchase better.

Compare Bajaj Housing Finance Home Loan EMI With Other Lenders on Bajaj Markets

On Bajaj Markets, you can compare Bajaj Housing Finance Home Loan EMIs with other lenders based on their starting interest rates.

For easy comparison, EMIs are calculated on a loan amount of ₹30 Lakhs with a tenure of 15 years. This helps you identify the lender offering the most affordable EMI option for your needs.

Lenders	Starting Interest Rate (Per Annum)	Loan Amount	Tenure	EMI Amount
L&T Finance	8.60% p.a.	₹30 Lakhs	15 Years	₹29,718
LIC Housing Finance	8.65% p.a.	₹30 Lakhs	15 Years	₹29,807
Sammaan Capital	8.75% p.a.	₹30 Lakhs	15 Years	₹29,983
Home First Finance Company	9.00% p.a.	₹30 Lakhs	15 Years	₹30,428
ICICI Bank	9.00% p.a.	₹30 Lakhs	15 Years	₹30,428
Kotak Mahindra Bank	9.00% p.a.	₹30 Lakhs	15 Years	₹30,428
South Indian Bank	9.50% p.a.	₹30 Lakhs	15 Years	₹31,327
Shubham Housing Finance	9.90% p.a.	₹30 Lakhs	15 Years	₹32,055
Easy Home Finance	10.50% p.a.	₹30 Lakhs	15 Years	₹33,162
Truhome Finance	11.50% p.a.	₹30 Lakhs	15 Years	₹35,046
Vridhi Home Finance	12.00% p.a.	₹30 Lakhs	15 Years	₹36,005
India Shelter	13.00% p.a.	₹30 Lakhs	15 Years	₹37,957

Disclaimer: The above-mentioned information is subject to change as per changes in the lenders’ policies.


Bajaj Housing Finance Home Loan	Bajaj Housing Finance Home Loan Statement
Bajaj Housing Finance Loan Against Property	Bajaj Housing Finance Home Loan Balance Transfer
Bajaj Housing Finance Customer Care	Bajaj Housing Finance Loan Against Property Balance Transfer

Other Partner EMI Calculator

Shubham Housing Finance Home Loan EMI Calculator	ICICI Home Loan EMI Calculator
LIC Housing Finance EMI Calculator	HFFC Home Loan EMI Calculator
PNB Home Loan EMI Calculator	Truhome Finance Home Loan EMI Calculator

Frequently Asked Questions

Bajaj Housing Finance Home Loan EMIs

How can the Bajaj Housing Finance Home Loan EMI calculator help me plan my home loan purchase?

The Bajaj Housing Finance Home Loan EMI calculator can help you determine your monthly EMI outflow. You can chalk out the repayment plan easily if you know what amount of money you need to set aside every month.

How do part payments impact my Bajaj Housing Finance Home Loan EMI payments?

Partial repayment will help you save up on the interest you would have otherwise paid the lender over time. Additionally, if you partially prepay your home loan, you will get to reduce your repayment tenure.

Can I reduce my Bajaj Housing Finance Home Loan EMI?

Yes, you can reduce your home loan EMI by prepaying a part of your loan. You can also reduce it by paying higher EMIs during the initial few months of the loan tenure.

What are the pre-payment charges on my Bajaj Housing Finance Home Loan?

Bajaj Housing Finance levies no foreclosure or part pre-payment charges from individual borrowers on floating-rate loans. However, you may need to pay up to 4% of the principal loan amount as foreclosure or part-payment charges in the case of fixed interest rates.

What is the best way to calculate the EMI for a Bajaj Housing Finance Home Loan?

You can use either a mathematical formula or an online calculator to calculate your EMI for a Bajaj Housing Finance home loan. To make a manual calculation, you can use this formula:

EMI = [P x R x (1+R)^N] / [(1+R)^N-1]

Here,

P is the principal amount
R is the interest rate
N is the repayment tenure

However, manual calculation can increase the likelihood of errors, which you can avoid by using an online calculator. Unlike the manual method, it simplifies this process, and you can get your EMI outflow within seconds.

Is the Bajaj HFL Home Loan EMI constant or does it change with an interest rate change in future?

For fixed-rate loans, the EMI stays the same. For floating-rate loans, the EMI can change if interest rates rise or fall.

What is the level of accuracy of the Bajaj HFL Home Loan EMI calculator?

The Bajaj HFL EMI calculator provides quick and accurate estimates using the standard EMI formula.

Does the Bajaj Housing Finance Home Loan EMI calculator include the processing fees?

No, the Bajaj Housing EMI calculator only calculates your EMI based on the principal, interest rate, and tenure. Processing fees are not included in the EMI.

Can I calculate EMI for different loan tenures using the Bajaj Housing Finance Home Loan EMI calculator?

Yes, you can easily calculate EMIs for different loan tenures by changing the tenure input in the Bajaj Housing Finance Home Loan EMI calculator. This helps you compare monthly payments and plan your finances.

Can I use the Bajaj HFL Home Loan EMI calculator for top-up or balance transfer loans?

Yes, you can use the Bajaj HFL EMI calculator to estimate EMIs for top-up or balance transfer loans.

How does changing the interest rate affect my Bajaj Housing Finance Home Loan EMI?

If your interest rate goes up, your EMI also increases. If the rate goes down, your EMI decreases. This mainly applies to floating-rate loans.

Can I calculate EMI for a pre-approved Bajaj HFL Home Loan?

Yes, you can use the Bajaj HFL EMI calculator to estimate EMIs for a pre-approved home loan by entering your loan amount, interest rate, and tenure.

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Bajaj Housing Finance Home Loan EMI Calculator

₹ 75,242,910

₹ 5,00,00,000

₹ 1

How to Use the Bajaj Housing Finance Home Loan EMI Calculator

How the Bajaj Housing Finance Home Loan EMI is Calculated