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Bajaj Home Finance Loan Against Property EMI Calculator

Bajaj Home Finance Mortgage Loan EMI 2022

Last Updated 18th Feb 2022

Get monthly EMI as low as ₹ 821 per lakh on Bajaj Home Finance loan against property. Mortgage loan EMI in Bajaj Home Finance depends upon the type of property (residential, commercial, industrial), occupation (businessmen, self employed, salaried), loan amount, loan tenure and interest rate. Check Best Offers.

  • Use Bajaj Home Finance mortgage loan calculator to evaluate your EMI before applying for a loan.
  • Check Bajaj Home Finance property loan EMI for different tenures at the current rate of 7.75%
Loan Amount5 Year Loan7 Year loan20 Year loan
₹ 10 Lakh₹ 20,157₹ 15,462₹ 8,209
₹ 25 Lakh₹ 50,392₹ 38,655₹ 20,524
₹ 40 Lakh₹ 80,628₹ 61,848₹ 32,838
Apply for Loan Against Property @ 6.90%* Get upto ₹ 1,000* Voucher
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Bank/NBFCs Rate* EMI per Lakh* Action

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Loan Against Property EMI Calculator Bajaj Home Finance

You can calculate your Bajaj Home Finance loan against property EMI in advance to plan your expenses using a Bajaj Home Finance mortgage loan calculator. Bajaj Home Finance loan against property EMI calculator is an online tool that gives accurate results without hassle.

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

  • Calculate the EMI at Different Tenures : With Bajaj Home Finance LAP EMI Calculator, you can compare the EMI on your loan against property with different loan tenures and loan amount. However, you must check the interest rate on Bajaj Home Finance loan against property to calculate the EMI. As per the current rates, Bajaj Home Finance offers the lowest EMI per lakh of ₹ 821 at 7.75 %
  • Compare Bajaj Home Finance LAP EMI : You can also get a precise estimate on your loan against property compared to other banks at the same loan amount and tenure by using Bajaj Home Finance loan EMI Calculator. On the basis of Bajaj Home Finance Loan against property EMI, you can choose the most affordable offer.
  • Get Detailed Amortisation Schedule : Bajaj Home Finance Loan against EMI Calculator helps you to calculate the division of total EMIs into interest and principal repayment at different periods throughout the loan tenure.
  • Calculate the Outstanding Balance : Finally, you can also use Bajaj Home Finance EMI Calculator to calculate the remaining loan tenure for the outstanding balance at any period of the loan tenure. Thus, it can help you reduce your loan tenure by prepayment or foreclosure or to avail loan at a lower rate with balance trasnfer.

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

To calculate the EMI against Bajaj Home Finance EMI loan against property at different rates and tenure, enter different loan amounts and tenure at the eligible interest rate on the Bajaj Home Finance Loan against property EMI calculator. The table below shows the Bajaj Home Finance EMI calculation at the various combinations of loan amount and years at the lowest rate of 7.75%.

Bajaj Home Finance Loan against property EMI is calculated for different loan amounts and tenures at 7.75% interest rate

Loan Tenure
Loan Amount (Rs.)10 years15 years20 years
EMI on ₹ 15,00,000 ₹ 18,002 ₹ 14,119 ₹ 12,314
EMI on ₹ 25,00,000 ₹ 30,003 ₹ 23,532 ₹ 20,524
EMI on ₹ 40,00,000 ₹ 48,004 ₹ 37,651 ₹ 32,838
EMI on ₹ 60,00,000 ₹ 72,006 ₹ 56,477 ₹ 49,257

Factors Affecting Bajaj Home Finance Property Loan EMI

You can calculate Bajaj Home Finance EMI for your loan against property using an online LAP EMI Calculator, which considers 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 on loan against property. You can avail of Bajaj Home Finance loan against property for an amount ranging between ₹ 5,00,000 to ₹ 4,00,00,000.

Interest Rate

A higher interest rate increases your Bajaj Home Finance loan against property EMI, increasing the total cost of the loan. As per the current rates, Bajaj Home Finance provides loan against property at rates starting at 7.75%. Before applying for a loan, you must compare LAP rates and calculate EMI online using Bajaj Home Finance loan against property loan calculator.

Loan Tenure

Your EMI will be lower if you avail mortgage loan for a maximum tenure of 20 years, and similarly, you will have to pay a higher EMI if your tenure is shorter.

Comparison of Bajaj Home Finance Loan Against Property 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 7.75% ₹ 8,209 ₹ 24,628 ₹ 41,047
PNB 7.75% ₹ 12,001 ₹ 36,003 ₹ 60,005
HDFC Bank 8.00% ₹ 9,557 ₹ 28,670 ₹ 47,783
IDFC First Bank 8.00% ₹ 9,557 ₹ 28,670 ₹ 47,783
SBI 8.05% ₹ 9,585 ₹ 28,756 ₹ 47,927
IDBI Bank 8.10% ₹ 9,614 ₹ 28,843 ₹ 48,072
DBS Bank 8.15% ₹ 12,212 ₹ 36,636 ₹ 61,061
DCB Bank 8.25% ₹ 9,701 ₹ 29,104 ₹ 48,507
ICICI Bank 8.35% ₹ 9,760 ₹ 29,279 ₹ 48,798
South Indian Bank 8.50% ₹ 11,101 ₹ 33,302 ₹ 55,503
Axis Bank 8.75% ₹ 9,994 ₹ 29,983 ₹ 49,972

Bajaj Home Finance Loan Against Property Amortization Calculator

The amortization schedule breaks the month-wise calculation of principal and interest amount you will be paying in the form of your EMIs. In simple words, with each month’s EMI, the share of interest and the principal amount keeps changing, while the former keeps on reducing the later keep on increasing. That’s why if you decide to prepay your loan in the first few years you will find out that you have paid a very small proportion of the principal sum. Let us understand this better with the help of an illustration.

Illustration: How to read an amortization schedule

Suppose you borrow a Loan Against Property of ₹ 30 Lakh from Bajaj Home Finance for 15 years at an interest rate of 7.75%, the EMI calculated for this loan amount would be ₹ 28,238 and the total annual EMIs to be paid annually is ₹ 3,38,859. The Bajaj Home Finance Loan Against Property EMI schedule for 15 years is explained below in the table –

Amortization Schedule for a Loan Against Property of ₹ 30 Lakh over the 15 years

Year Interest paid during the year Principal repaid during the year Total amount paid during the year (Interest + Principal) Outstanding Principal
2022 ₹ 1,53,376 ₹ 72,530 ₹ 2,25,906 ₹ 29,27,470
2023 ₹ 2,22,814 ₹ 1,16,045 ₹ 3,38,859 ₹ 28,11,425
2024 ₹ 2,13,495 ₹ 1,25,365 ₹ 3,38,859 ₹ 26,86,061
2025 ₹ 2,03,426 ₹ 1,35,433 ₹ 3,38,859 ₹ 25,50,627
2026 ₹ 1,92,549 ₹ 1,46,310 ₹ 3,38,859 ₹ 24,04,317
2027 ₹ 1,80,798 ₹ 1,58,061 ₹ 3,38,859 ₹ 22,46,256
2028 ₹ 1,68,104 ₹ 1,70,755 ₹ 3,38,859 ₹ 20,75,501
2029 ₹ 1,54,390 ₹ 1,84,469 ₹ 3,38,859 ₹ 18,91,032
2030 ₹ 1,39,575 ₹ 1,99,284 ₹ 3,38,859 ₹ 16,91,748
2031 ₹ 1,23,570 ₹ 2,15,289 ₹ 3,38,859 ₹ 14,76,458
2032 ₹ 1,06,279 ₹ 2,32,580 ₹ 3,38,859 ₹ 12,43,878
2033 ₹ 87,600 ₹ 2,51,259 ₹ 3,38,859 ₹ 9,92,619
2034 ₹ 67,421 ₹ 2,71,439 ₹ 3,38,859 ₹ 7,21,181
2035 ₹ 45,621 ₹ 2,93,239 ₹ 3,38,859 ₹ 4,27,942
2036 ₹ 22,070 ₹ 3,16,789 ₹ 3,38,859 ₹ 1,11,153
2037 ₹ 1,800 ₹ 1,11,153 ₹ 1,12,953 -₹ 0

Each Bajaj Home Finance Loan Against Property EMI consists of both amounts of interest as well as the principal repaid. The interest component of EMI goes down while the principal component goes up in both cases while doing the calculation.

As you assess the amortization table, you will find that by the end of 1st year 32.53% of your EMI has been used to repay the principal amount. This means that the remaining 67.47% of the EMI went into interest payment. Thus, you end up paying only 3.67% of the loan amount of ₹ 30 Lakh after paying 12 EMIs in the first year to Bajaj Home Finance.

In year 15, the interest component of Bajaj Home Finance EMI is around 4.07%, while the principal component is around 95.93%. Upto 15 years, you have cumulatively repaid 100% of your total Bajaj Home Finance Loan Against Property.

Bajaj Home Finance Loan Against Property EMI for ₹ 10 Lakh

The following table shows EMI on Bajaj Home Finance loan against property for ₹ 10,00,000 for different tenures at an interest rate of 7.75%

Loan Amount Interest rate Tenure (Year) EMI
₹ 10,00,000 7.75% 5 Years ₹ 20,157
₹ 10,00,000 7.75% 10 Years ₹ 12,001
₹ 10,00,000 7.75% 12 Years ₹ 10,688
₹ 10,00,000 7.75% 20 Years ₹ 8,209

Bajaj Home Finance Loan Against Property EMI for ₹ 25 Lakh

The following table shows Bajaj Home Finance loan against property EMI for ₹ 25,00,000 for different tenures at an interest rate of 7.75%

Loan Amount Interest rate Tenure (Year) EMI
₹ 25,00,000 7.75% 5 Years ₹ 50,392
₹ 25,00,000 7.75% 10 Years ₹ 30,003
₹ 25,00,000 7.75% 12 Years ₹ 26,720
₹ 25,00,000 7.75% 20 Years ₹ 20,524

Bajaj Home Finance Mortgage Loan EMI for ₹ 30 Lakh

The following table shows Bajaj Home Finance loan against property EMI for ₹ 30,00,000 for different tenures at an interest rate of 7.75%

Loan Amount Interest rate Tenure (Year) EMI
₹ 30,00,000 7.75% 5 Years ₹ 60,471
₹ 30,00,000 7.75% 10 Years ₹ 36,003
₹ 30,00,000 7.75% 12 Years ₹ 32,064
₹ 30,00,000 7.75% 20 Years ₹ 24,628

FAQs

Will the Bajaj Home Finance Loan Against Property EMI remain constant or change in future? What happens in case of increase or decrease in interest rate?

Bajaj Home Finance Loan against property may change as per the borrower’s financial ability or in case of floating rate of interests offered by the lender. The consequences of the change in Bajaj Home Finance LAP EMI are listed as follows:

  • Typically, the Loan Against Property EMI remains unchanged unless the customer requests for a change and the same is approved by Bajaj Home Finance subject to its eligibility conditions (note that nominal charges may apply for effecting a customer initiated change in EMI).
  • In case the floating rate of interest on your loan increases, Bajaj Home Finance will typically keep the EMI constant but increase the loan tenure. So, you will pay the same EMI but for a longer duration. In case, the interest rates increase to the extent that the revised loan tenure is more than the maximum permissible by Bajaj Home Finance, the bank may increase your EMI amount.

Will Bajaj Home Finance Loan Against Property EMI change in case of prepayment?

Similar to all loans, Bajaj Home Finance Loan against property also offers the prepayment facility to the loan borrowers. Prepayment of loan leads to certain changes as listed below:

  • When you make a prepayment, the outstanding principal amount on your property loan reduces. You may choose to either keep the EMI the same and reduce the loan tenure (enabling you to pay off the loan faster) or reduce the EMI and keep the loan tenure unchanged (thus paying a lesser amount every month). It is beneficial to keep the EMI constant and reduce the loan tenure as you pay less interest to the bank in this option.
  • Note that Bajaj Home Finance may levy prepayment charges except on floating rate property loans sanctioned to individuals.

How does EMI calculator calculate Bajaj Home Finance Loan Against Property EMI?

Bajaj Home Finance Loan against property emi calculator is a reliable and time-saving tool to calculate the LAP EMI. It functions as follows:

  • EMI is calculated using a combination of the loan amount, loan tenure and interest rate.
  • Bajaj Home Finance mortgage loan calculator calculates EMI on a reducing balance basis and assuming payment of EMI in arrears (that is interest is charged for the month preceding the date of EMI payment on EMI date) and not in advance.

How much loan can I get against my property from Bajaj Home Finance?

You can avail of a maximum loan of ₹ 4,00,00,000, depending on the value of the property. However, the loan amount cannot be more than 75% of the property value. Bajaj Home Finance assesses the property before approving your mortgage loan application.

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

You can pay the Bajaj Home Finance mortgage loan EMI by logging in to your net banking account as provided when availing of the loan using your savings account or debit/credit card. You can also visit the Bajaj Home Finance branch to submit the cheque of your EMI.

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

To determine different EMI for different tenures, you can use a 10 lakh loan against property EMI Calculator. Consider this example for a better understanding.

Loan amount Interest rate Tenure EMI
₹ 10 Lakh 7.75% 5 years ₹ 20,157
₹ 10 Lakh 7.75% 10 years ₹ 12,001
₹ 10 Lakh 7.75% 12 years ₹ 10,688
₹ 10 Lakh 7.75% 20 years ₹ 8,209

How is Bajaj Home Finance loan against property EMI calculated?

You can calculate Bajaj Home Finance LAP EMI using the mathematical formula mentioned below or using an online Bajaj Home Finance LAP EMI Calculator.

  • 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 ₹ 20 Lakh Loan against property in Bajaj Home Finance?

To determine different Loan against property EMI Bajaj Home Finance for different tenures, you can use a 20 lakh loan against property Calculator, as reflected in the table below:

Loan amount Interest rate Tenure EMI
₹ 20 Lakh 7.75% 5 years ₹ 40,314
₹ 20 Lakh 7.75% 10 years ₹ 24,002
₹ 20 Lakh 7.75% 12 years ₹ 21,376
₹ 20 Lakh 7.75% 20 years ₹ 16,419

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

To determine different Bajaj Home Finance EMI for different tenures, you can use a 30 lakh loan against property EMI Calculator.

Loan amount Interest rate Tenure EMI
₹ 30 Lakh 7.75% 5 years ₹ 60,471
₹ 30 Lakh 7.75% 10 years ₹ 36,003
₹ 30 Lakh 7.75% 12 years ₹ 32,064
₹ 30 Lakh 7.75% 20 years ₹ 24,628

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

To estimate Bajaj Home Finance EMI for different loans against property tenures, you can use a 50 lakh mortgage Calculator. The results are mentioned as follows:

Loan amount Interest rate Tenure EMI
₹ 50 Lakh 7.75% 5 years ₹ 1,00,785
₹ 50 Lakh 7.75% 10 years ₹ 60,005
₹ 50 Lakh 7.75% 12 years ₹ 53,440
₹ 50 Lakh 7.75% 20 years ₹ 41,047


Bajaj Home Finance Loan Against Property Reviews 5/5  by 1 customers
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Bajaj Home Finance Loan Against Property News - May 2022
  • 2022-01-19 : Bajaj Finance Q3 Net up 84% on Income Growth.
    Bajaj Finance Ltd (BFL) has reported an 84 per cent year-on-year (YoY) jump in third-quarter standalone net profit. The growth has been seen on the back of healthy growth in net interest income, fees and commission income and other operating income.
  • 2021-10-27 : Bajaj Finance Posted a Net Profit of 53.5%
    Leading non-banking financial company has reported a net profit of 53.5% to Rs 1,481 crore in the second quarter ending September 30, 2021.
  • 2021-05-10 : Reduced loan against property rates for Bajaj Home Finance
    Bajaj Home Finance cut its loan against property rates. The new loan against property rates starts from 9%. The revised rates will be effective from 10 May 2021. The cut in mortgage loan will help LAP borrowers.
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