20,00,000 people visited this section in last 30 days. Apply Online

Get Cashback of Upto ₹ 1,000* on Home Loan Apply Online

MyLoanCare Customer Ratings - 4.5/5.0 Apply Online

Bajaj Home Finance Home Loan EMI Calculator

Bajaj Home Finance Home Loan Calculator

Last Updated 10th May 2021

  • Bajaj Home Finance home loan EMI per ₹ 1 Lakh is ₹ 763, which is one of the lowest EMI offered by banks. Check Best Offers
  • Housing loan EMI in Bajaj Home Finance is calculated based on loan amount, loan tenure and interest rate.
  • It is better to calculate your EMI for Bajaj Home Finance home loan before applying. Use an online Bajaj Home Finance loan EMI calculator to estimate your EMI.
  • Check Bajaj Home Finance home loan EMI for different tenures at the current Bajaj Home Finance home loan interest rate of 6.80%
  • Loan Amount10 Year Loan15 Year loan20 Year loan
    ₹ 10 Lakh₹ 11,508₹ 8,877₹ 7,633
    ₹ 20 Lakh₹ 23,016₹ 17,754₹ 15,267
    ₹ 30 Lakh₹ 34,524₹ 26,631₹ 22,900
    ₹ 50 Lakh₹ 57,540₹ 44,384₹ 38,167

    Jump to EMI Calculator

Apply for Home Loan @ 6.65%* Get upto ₹ 1,000* Cashback
Best Offers on Home Loan offerOffers
Bank/NBFCs Rate* EMI per Lakh* Action

* Starting From

Bajaj Home Finance Home Loan EMI Calculator Online

Bajaj Home Finance Home Loan EMI is the fixed amount that you need to pay on a fixed date of the month till the end of repayment tenure. The amount is based on your loan amount, tenure and interest rate. You can calculate your Bajaj Home Finance housing loan EMI in advance to plan your loan payments and expenses using a Bajaj Home Finance home loan calculator. Bajaj Home Finance home loan EMI calculator is an online tool that functions on a mathematical algorithm and gives accurate results without hassle.

Why should you use Bajaj Home Finance Home Loan EMI Calculator?

  • Calculate the EMI at Different Tenures: Bajaj Home Finance offers the lowest EMI per lakh at ₹ 763. To get the lowest EMI on your home loan, you can compare the EMIs with a different loan amount and tenure. However, it is advisable to check with the bank to know the interest rate you will be eligible for Bajaj Home Finance home loan.
  • Compare Bajaj Home Finance Home Loan EMI: With Bajaj Home Finance home loan EMI Calculator, you can also estimate EMI on your home loan from Bajaj Home Finance with other leading banks in India at the same loan amount and tenure at varying interest rates.
  • Get Detailed Amortisation Schedule: You can calculate the division of total EMIs into interest and principal repayment on your loan at different periods throughout the loan tenure.
  • Calculate the Outstanding Balance: Finally, you can also calculate the remaining loan tenure for the outstanding balance at any period of the loan tenure. If you want to reduce your home loan tenure, you can always consider a home loan balance transfer because other banks may allow you to pay your home loan at low rates.

Bajaj Home Finance Home Loan EMI Calculator to estimate the EMI that fits your budget

To calculate your home loan EMI at different rates and tenure, enter different loan amounts and tenure at the eligible interest rate on Bajaj Home Finance Home Loan EMI calculator. The below-mentioned table shows the calculation of Bajaj Home Finance Home Loan at the various combinations of loan amount and years at the lowest rate of 6.80%. Considering this example, if you think you can afford to pay an EMI of in your budget, take an loan for 15 years or loan for 30 years, maybe the right Bajaj Home Finance Home loan plan for you.

Bajaj Home Finance home loan EMI is calculated for different loan amounts and tenures at 6.80% interest rate
Loan Tenure
Loan Amount (Rs.) 15 years20 years30 years
₹ 25 Lakh ₹ 22,192 ₹ 19,083 ₹ 16,298
₹ 50 Lakh ₹ 44,384 ₹ 38,167 ₹ 32,596
₹ 75 Lakh ₹ 66,576 ₹ 57,250 ₹ 48,894
₹ 1 Cr ₹ 88,768 ₹ 76,334 ₹ 65,193

Benefits of using Bajaj Home Finance Home Loan EMI Calculator

Bajaj Home Finance Home Loan Calculator is online and gives instant results with 100% accuracy. The best part is that you can calculate and compare multiple EMIs on different combinations of loan amount, interest rate and tenure. Thus, using Bajaj Home Finance Home Loan EMI Calculator helps you to choose the right amount of EMI that is affordable and also decide on the right loan amount and loan tenure. Further, if you use the MyLoanCare Bajaj Home Finance Home Loan Calculator, you have the option to receive calculated EMIs and amortization schedules for each calculation by mail which can be referred to at a later stage when you are making the final decision to take a loan.

Factors Affecting Bajaj Home Finance Home Loan EMI

Home Loan EMI can be calculated using an online Home Loan Calculator which takes into account factors such as loan amount, rate of interest and the tenure for which you are planning to avail the loan.

Loan Amount

If you apply for a higher loan amount, you will have to pay a higher EMI Bajaj Home Finance gives a minimum home loan of ₹ 10,00,000 upto a maximum amount of ₹ 3,50,00,000.

Interest Rate

Higher interest rate increases your Bajaj Home Finance housing loan EMI which will increase the total cost of the loan. Bajaj Home Finance current home loan interest rate starts at 6.80%. Do a complete market research and compare rates and calculate EMI online using Bajaj Home Finance home loan calculator before you apply for a home loan.

Loan Tenure

This is the period in which you can repay your home loan in Bajaj Home Finance. Your EMI will be lower if you take a 20 years loan from Bajaj Home Finance as compared to a loan taken for 5 years. For a longer period, you get to pay a smaller EMI and vice-versa.

Bajaj Home Finance Home Loan EMI Calculator Formula

Bajaj Home Finance Home Loan Calculator calculates EMI based on the following formula.

P*r* (1+r)^n/([(1+r)^n]-1)

Here is an illustration of how Bajaj Home Finance Home Loan EMI calculator formulates EMI:

In above formula,

  • P = Loan amount. Bajaj Home Finance home loan amount can range from ₹ 10,00,000 to ₹ 3,50,00,000
  • r = Rate of interest per month. Current Bajaj Home Finance housing loan rate 6.80%.PLR
  • n = tenure in month. For Bajaj Home Finance, maximum home loan tenure is 360 months

Comparison of Bajaj Home Finance Home Loan EMI with other Banks

Bank Name Interest rate Loan Amount of ₹ 10 Lakh Loan Amount of ₹ 30 Lakh Loan Amount of ₹ 50 Lakh
Bajaj Home Finance 6.80% ₹ 6,519 ₹ 19,558 ₹ 32,596
HDFC 6.75% ₹ 6,486 ₹ 19,458 ₹ 32,430
ICICI Bank 6.75% ₹ 6,486 ₹ 19,458 ₹ 32,430
SBI 6.70% ₹ 6,453 ₹ 19,358 ₹ 32,264
LIC Housing Finance 6.90% ₹ 6,586 ₹ 19,758 ₹ 32,930
Axis Bank 6.70% ₹ 6,453 ₹ 19,358 ₹ 32,264

Bajaj Home Finance Home Loan Amortization Calculator

Bajaj Home Finance Home Loan amortization schedule gives a break up of your monthly EMI into interest and principal repayment. Bajaj Home Finance gives you a detailed amortisation schedule with the sanction letter and you can calculate the total interest outgo as well as the pace at which your loan amount will be repaid during the loan tenure.

How to read an amortization schedule

Suppose if you take a Home Loan of ₹ 25 Lakh for 25 years from Bajaj Home Finance at an interest rate of 6.80%. EMI calculated for this loan amount is ₹ 17,352 and the total annual EMIs to be paid annually is ₹ 2,08,222. The EMI schedule of loan for 25 years is explained below in the table –

Amortization Schedule for a Home Loan of ₹ 25 Lakh over the 25 years

Year Interest paid during the year Principal repaid during the year Total amount paid during the year (Interest + Principal) Outstanding Principal
2021 ₹ 98,784 ₹ 22,679 ₹ 1,21,463 ₹ 24,77,321
2022 ₹ 1,67,195 ₹ 41,027 ₹ 2,08,222 ₹ 24,36,295
2023 ₹ 1,64,316 ₹ 43,905 ₹ 2,08,222 ₹ 23,92,389
2024 ₹ 1,61,236 ₹ 46,986 ₹ 2,08,222 ₹ 23,45,404
2025 ₹ 1,57,940 ₹ 50,282 ₹ 2,08,222 ₹ 22,95,122
2026 ₹ 1,54,412 ₹ 53,810 ₹ 2,08,222 ₹ 22,41,312
2027 ₹ 1,50,636 ₹ 57,585 ₹ 2,08,222 ₹ 21,83,727
2028 ₹ 1,46,596 ₹ 61,625 ₹ 2,08,222 ₹ 21,22,101
2029 ₹ 1,42,273 ₹ 65,949 ₹ 2,08,222 ₹ 20,56,152
2030 ₹ 1,37,646 ₹ 70,576 ₹ 2,08,222 ₹ 19,85,576
2031 ₹ 1,32,694 ₹ 75,528 ₹ 2,08,222 ₹ 19,10,049
2032 ₹ 1,27,395 ₹ 80,827 ₹ 2,08,222 ₹ 18,29,222
2033 ₹ 1,21,724 ₹ 86,497 ₹ 2,08,222 ₹ 17,42,725
2034 ₹ 1,15,656 ₹ 92,566 ₹ 2,08,222 ₹ 16,50,159
2035 ₹ 1,09,161 ₹ 99,060 ₹ 2,08,222 ₹ 15,51,098
2036 ₹ 1,02,211 ₹ 1,06,010 ₹ 2,08,222 ₹ 14,45,088
2037 ₹ 94,773 ₹ 1,13,448 ₹ 2,08,222 ₹ 13,31,640
2038 ₹ 86,814 ₹ 1,21,408 ₹ 2,08,222 ₹ 12,10,232
2039 ₹ 78,296 ₹ 1,29,926 ₹ 2,08,222 ₹ 10,80,306
2040 ₹ 69,180 ₹ 1,39,041 ₹ 2,08,222 ₹ 9,41,265
2041 ₹ 59,425 ₹ 1,48,796 ₹ 2,08,222 ₹ 7,92,469
2042 ₹ 48,986 ₹ 1,59,236 ₹ 2,08,222 ₹ 6,33,233
2043 ₹ 37,814 ₹ 1,70,408 ₹ 2,08,222 ₹ 4,62,825
2044 ₹ 25,858 ₹ 1,82,364 ₹ 2,08,222 ₹ 2,80,462
2045 ₹ 13,063 ₹ 1,95,158 ₹ 2,08,222 ₹ 85,303
2046 ₹ 1,456 ₹ 85,303 ₹ 86,759 ₹ 0

In the above illustration, on a Bajaj Home Finance Home Loan of₹ 25 Lakh, taken at the lowest interest rate of 6.80, EMI paid is ₹ 17,352 and an annual total of EMIs is ₹ 2,08,222, the interest component is ₹ 1,68,786 while the principal component is ₹ 39,436 in year 1 of loan disbursement. You repay only 1.58% of the total principal after paying 12 EMIs during the first year.

Bajaj Home Finance Home Loan EMI for ₹ 10 Lakh

The following table shows Bajaj Home Finance Housing Loan EMI for ₹ 10,00,000 for different tenures at an interest rate of 6.80%

Loan Amount Interest rate Tenure (Year) EMI
₹ 10,00,000 6.80% 5 Years ₹ 19,707
₹ 10,00,000 6.80% 10 Years ₹ 11,508
₹ 10,00,000 6.80% 15 Years ₹ 8,877
₹ 10,00,000 6.80% 20 Years ₹ 7,633
₹ 10,00,000 6.80% 20 Years ₹ 7,633

Bajaj Home Finance Home Loan EMI for ₹ 20 Lakh

The following table shows Bajaj Home Finance Housing Loan EMI for ₹ 20,00,000 for different tenures at an interest rate of 6.80%

Loan Amount Interest rate Tenure (Year) EMI
₹ 20,00,000 6.80% 5 Years ₹ 39,414
₹ 20,00,000 6.80% 10 Years ₹ 23,016
₹ 20,00,000 6.80% 15 Years ₹ 17,754
₹ 20,00,000 6.80% 20 Years ₹ 15,267
₹ 20,00,000 6.80% 20 Years ₹ 15,267

Bajaj Home Finance Home Loan EMI for ₹ 30 Lakh

The following table shows Bajaj Home Finance Housing Loan EMI for ₹ 30,00,000 for different tenures at an interest rate of 6.80%

Loan Amount Interest rate Tenure (Year) EMI
₹ 30,00,000 6.80% 5 Years ₹ 59,121
₹ 30,00,000 6.80% 10 Years ₹ 34,524
₹ 30,00,000 6.80% 15 Years ₹ 26,631
₹ 30,00,000 6.80% 20 Years ₹ 22,900
₹ 30,00,000 6.80% 20 Years ₹ 22,900

Bajaj Home Finance Home Loan EMI for ₹ 50 Lakh

The following table shows Bajaj Home Finance Housing Loan EMI for ₹ 50,00,000 for different tenures at an interest rate of 6.80%

Loan Amount Interest rate Tenure (Year) EMI
₹ 50,00,000 6.80% 5 Years ₹ 98,535
₹ 50,00,000 6.80% 10 Years ₹ 57,540
₹ 50,00,000 6.80% 15 Years ₹ 44,384
₹ 50,00,000 6.80% 20 Years ₹ 38,167
₹ 50,00,000 6.80% 20 Years ₹ 38,167

Other Loan Calculators Offered by MyLoanCare

FAQs

Will the Bajaj Home Finance home loan EMI remain constant or change in future?

No, your Bajaj Home Finance Home Loan EMI can change if you have taken a floating rate loan and there is a change in the repo rate to which the home loan rate has been benchmarked. However, if it is a fixed rate loan, the Bajaj Home Finance Home Loan EMI will remain unchanged throughout the loan tenure unless you request for a change in tenure or prepay your loan amount.

What happens in case of increase or decrease in Bajaj Home Finance interest rate?

Bajaj Home Finance offers floating rate home loans only. If you take a floating rate loan from Bajaj Home Finance, your interest rate and hence EMI will decrease with a cut in the repo rate and increase with an increase in repo rate on the date of reset. This means that your Bajaj Home Finance home loan EMI can keep fluctuating during the loan tenure depending on the changes in interest rates.

Will Bajaj Home Finance home loan EMI change in case of prepayment?

Bajaj Home Finance allows prepayment at nil charges in case of floating rate home loans. When you make a prepayment, the outstanding balance of the principal amount on your Bajaj Home Finance home loan reduces. In this case, you may choose to either keep the EMI same and reduce the loan tenure (that is paying off the loan faster) or reduce the EMI and keep the loan tenure the same (that is paying a lesser amount every month). It is beneficial to keep the Bajaj Home Finance home loan EMI constant and reduce the loan tenure as you pay less interest to the bank in this option. After prepayment, you can calculate your home loan EMI using Bajaj Home Finance home loan calculator.

Why should I calculate Bajaj Home Finance loan EMI before taking a loan?

It is advised to calculate Bajaj Home Finance home loan EMI before taking a home loan. There are several benefits of calculating your Bajaj Home Finance housing loan EMI which can be done using Bajaj Home Finance loan calculator Bajaj Home Finance housing loan EMI calculator as discussed below -

  • In case EMI comes out to be more than your monthly budget, then you have the chance to apply for a lower loan amount which fits your monthly budget and make Bajaj Home Finance EMI affordable.
  • If you already know the EMI you have to pay each month, then you can plan your spends accordingly
  • Based on the EMI amount, you can opt for making a prepayment of your home loan in the future when you have a surplus amount. You can calculate the aftermaths of prepayment using home loan emi calculator Bajaj Home Finance.

What is the EMI for home loan in Bajaj Home Finance?

The Bajaj Home Finance EMI will vary based on loan amount, tenure, rate of interest and can be calculated using Bajaj Home Finance home loan calculator. Based on the lowest rate of 6.80% and maximum tenure of 20 years, the Bajaj Home Finance home loan EMI for different loan amount will be:

Loan amount EMI
₹ 10 Lakh ₹ 7,633
₹ 12 Lakh ₹ 9,160
₹ 15 Lakh ₹ 11,450
₹ 30 Lakh ₹ 22,900
₹ 50 Lakh ₹ 38,167

You can compare Bajaj Home Finance home loan EMI for different loan amounts and tenure and then choose the loan amount based on your repayment capacity.

How accurate is a Bajaj Home Finance Housing Loan EMI calculator?

Online Bajaj Home Finance housing loan calculators use technology to calculate the results and hence, if the data entered by you is correct the results should be 100% accurate.The calculator works on a mathematical algorithm based on the formula: P*r* (1+r)^n/([(1+r)^n]-1). Here, P is the loan amount, r is the rate of interest per month and n is the tenure in month. The Bajaj Home Finance home loan emi calculator is far better than manual calculations , as chances of error are less.

How to pay your Bajaj Home Finance Home loan EMI Online?

To pay the EMI of Bajaj Home Finance home loan, you can log in to your net banking account as provided during the time of availing the loan and pay using your savings account or debit/credit card. You can also visit the branch and submit the cheque of your EMI.

How is Bajaj Home Finance home loan EMI calculated?

The Bajaj Home Finance Home loan EMI calculation formula is as follows:
E = [P x R x (1+R)^N]/[(1+R)^N-1] where
‘E’ means Equated monthly instalments
‘P’ means the principal amount
‘N’ is the number of monthly instalments
‘R’ is the interest rate per month.

What is the EMI for ₹ 10 Lakh home loan in Bajaj Home Finance?

You can use a 10 lakh home loan emi calculator Bajaj Home Finance, to determine different EMI for different tenures. Let`s understand with examples:-

Loan amount Interest rate Tenure EMI
₹ 10 Lakh 6.80% 10 years loan ₹ 11,508
₹ 10 Lakh 6.80% 15 years loan ₹ 8,877
₹ 10 Lakh 6.80% 20 years loan ₹ 7,633

What is the EMI for ₹ 20 Lakh home loan in Bajaj Home Finance?

You can use a 20 lakh home loan emi calculator Bajaj Home Finance, to determine different EMI for different tenures. Let`s understand with examples:-

Loan amount Interest rate Tenure EMI
₹ 20 Lakh 6.80% 10 years loan ₹ 23,016
₹ 20 Lakh 6.80% 15 years loan ₹ 17,754
₹ 20 Lakh 6.80% 20 years loan ₹ 15,267

What is the EMI for ₹ 30 Lakh home loan in Bajaj Home Finance?

You can use a 30 lakh home loan emi calculator Bajaj Home Finance, to determine different EMI for different tenures. Let`s understand with examples:-

Loan amount Interest rate Tenure EMI
₹ 30 Lakh 6.80% 10 years loan ₹ 34,524
₹ 30 Lakh 6.80% 15 years loan ₹ 26,631
₹ 30 Lakh 6.80% 20 years loan ₹ 22,900

What is the EMI for ₹ 50 Lakh home loan in Bajaj Home Finance?

You can use a 50 lakh home loan emi calculator Bajaj Home Finance, to determine different EMI for different tenures. Let`s understand with examples:-

Loan amount Interest rate Tenure EMI
₹ 50 Lakh 6.80% 10 years loan ₹ 57,540
₹ 50 Lakh 6.80% 15 years loan ₹ 44,384
₹ 50 Lakh 6.80% 20 years loan ₹ 38,167

What is the EMI for a 25 lakhs home loan in Bajaj Home Finance and how is it calculated?

EMI for ₹ 25 lakhs will be as follows for three different tenure, as per 25 lakh home loan emi calculator Bajaj Home Finance:--

Loan amount Interest rate Tenure EMI
₹ 25 Lakh 6.80% 10 years loan ₹ 28,770
₹ 25 Lakh 6.80% 15 years loan ₹ 22,192
₹ 25 Lakh 6.80% 20 years loan ₹ 19,083

What is the EMI for 12 lakhs home loan in Bajaj Home Finance?

A borrower will pay ₹ 12,213 if he/she takes a loan for 12 years at an interest rate of 6.80%. The 12 lakh home loan emi Bajaj Home Finance may vary across Bajaj Home Finance home loan interest rate.

Compare Home Loan EMI of All Banks


Bajaj Home Finance Home Loan Reviews 4.8/5  by 2 customers
MyLoanCare Service
5/5.0
Banks Service
4.5/5.0
Notification ×
  • Home Loan

    Home Loan at all-time low rates starting at 6.80%. Cashback of up to ₹ 1,000.

    Apply Now
  • Personal Loan

    Instant Personal Loan starting at 10.25% with Cashback of up to ₹ 1,000 .

    Check Offers
  • Gold Loan

    Instant Gold Loan starting at 9.50% with Cashback of up to ₹ 500

    Apply Now
  • Loan Against Property

    Best Loan Against Property Offers starting @ 9.00%. Cashback of up to ₹ 1,000*.

    Apply Now
  • Business Loan

    Collateral Free Business Loan Rates starting at 14.00% with Overdraft facility.

    Apply Now
  • Fixed Deposit

    AAA rated FDs with returns as high as 6.95%.

    Invest Now
Bajaj Home Finance Home Loan News - Jun 2021
  • 2021-05-10 : Bajaj Home Finance cut its Top Up loan rates
    Bajaj Home Finance reduced its top-up loan rates to 8%. The revised rates will be effective from 10 May 2021.
*Terms and conditions apply. Credit at sole discretion of lender, which is subject to credit appraisal, eligibility check, rates, charges and terms. Information displayed is indicative and collected from public sources. Read More
Loader
Please wait while your information is being processed...