RBI's 50 bps Rate Cut Could Reduce Rs. 1 Crore Home Loan EMIs to Rs. 68,000

This rate cut creates a perfect window for aspiring homeowners. The timing could not be better for those planning their home purchase. Lower borrowing costs mean more affordable monthly payments, so families can now consider bigger homes within their budget. The financial burden of homeownership becomes lighter with each passing month.

How much could you save on a Rs. 1 crore home loan in this new EMI era

The 50 basis points cut translates into real savings for borrowers with meaningful reductions on home loan EMIs across different amounts. The impact becomes more pronounced with larger loan amounts. A home loan EMI calculator can help you understand these savings better.

Consider how the rate cut affects various home loan amounts from Bajaj Finserv over 25 years, as illustrated in the table below.

Loan amount	Previous EMI (8.5%)	New EMI (7.49%)	EMI reduction
Rs. 50 lakh	Rs. 40,261	Rs. 36,917	Rs. 3,344
Rs. 1 crore	Rs. 80,523	Rs. 73,834	Rs. 6,689
Rs. 1.5 crore	Rs. 1,20,784	Rs. 1,10,751	Rs. 10,033

These figures show substantial monthly savings for borrowers. A Rs. 1 crore loan now costs Rs. 6,689 less each month. Over the loan tenure, this translates to lakhs in total savings. Use a home loan EMI calculator to explore different scenarios for your specific needs.

Make the most of falling interest rates with a Bajaj Finserv Home Loan

Bajaj Finserv stands as a trusted partner in home financing. Their home loan products offer amounts of up to Rs. 15 crore, interest rates starting at an attractive 7.49%* p.a., and loan tenures extending up to 32 years for comfortable repayment.

The disbursal takes just 48 hours* after approval in most cases. Furthermore, individual borrowers with floating rates face no foreclosure fees, which allows early loan closure without additional charges.

The company's competitive rates become even more attractive as market rates fall with EMIs starting from just Rs. 687/ lakh*. The falling repo rate environment could make these rates even more competitive. Borrowers can benefit from both company-level advantages and market-wide rate reductions. This combination creates exceptional value for home loan seekers.

Key features and benefits of the Bajaj Finserv Home Loan

• A substantial loan amount of up to Rs. 15 crore that covers luxury homes and premium properties across major cities.
• Low monthly payments starting from Rs. 687/ lakh*, which makes homeownership affordable for middle-income families.
• Extended repayment periods up to 32 years that reduce the monthly EMI burden significantly.
• Individual borrowers can prepay without penalties, saving thousands in fees thanks to zero foreclosure charges on floating-rate loans.
• Over 5,000 pre-approved properties ensure faster loan disbursal and reduced documentation.
• Attractive balance transfer rates starting at just 7.60%* p.a. for those who wish to move their existing loan to Bajaj Finserv and avail of its benefits.
• Additional financing of up to Rs. 1 crore as a top-up loan without any end-use restriction.

How to apply for a Bajaj Housing Finance Home Loan online

No lengthy branch visits or complex paperwork are required for Bajaj Finance Housing Finance Home Loan. Apply online through a streamlined process that ensures quick approval and disbursal.

• Click on the 'APPLY' button on the Home Loan page of the official Bajaj Finserv website.
• Enter your full name, mobile number, and employment type.
• Select the type of loan for which you wish to apply (fresh loans, balance transfers, or top-up options).
• Generate and submit your OTP for mobile verification.
• Enter details of your monthly income, required loan amount, and property identification status.
• Complete your profile by adding your date of birth, PAN number, and occupation-specific details as requested.
• Click the 'SUBMIT' button and wait for a Bajaj Finserv representative to get in touch to guide you through the remaining steps.

Eligibility and documentation requirements

Requirement	Details
Age	23-67 years (salaried), 23-70 years (self-employed)
CIBIL score	725 or higher for best rates
Nationality	Indian citizen residing in India
Income proof	Salary slips or P&L statements
Documents	KYC documents, bank statements, business proof

Make smart planning easier with Bajaj Finserv's home loan EMI calculator

A home loan EMI calculator helps you understand the true cost of borrowing. You can experiment with different loan amounts and tenures. The calculator shows how interest rate changes affect your monthly payments, empowering you to choose the optimal loan structure for you.

Benefits of using a home loan EMI calculator

• Budget better, knowing your exact monthly commitment before applying for any loan.
• Choose the right tenure, balancing the EMI amount and total interest paid over time.
• Understand EMI impact from rate fluctuations, seeing how rate changes affect your monthly outgo.
• Compare various tenures to pick the right one for you.

What makes now the best time to apply for a home loan

Multiple factors align to create ideal conditions for home buyers. The RBI's rate cut reduces borrowing costs across the banking system. Combined with Bajaj Finserv's already competitive rates becoming even more attractive, this creates a rare financial window for aspiring homeowners.

The psychological impact of lower EMIs cannot be overstated. Families feel more confident about taking on home loans. The reduced monthly burden allows for better financial planning. Children's education and family goals become more achievable alongside homeownership.

Why this RBI rate cut could help tier 2 and tier 3 buyers the most

Smaller cities often offer better value propositions for home buyers. Property prices remain reasonable compared to metropolitan areas, so the RBI rate cut makes these markets even more attractive. Lower EMIs mean families can afford larger homes in these locations.

Tier 2 and tier 3 cities are experiencing rapid infrastructure development. Job opportunities are increasing as companies expand beyond major cities. Lower living costs combined with reduced loan EMIs create compelling reasons to buy. Bajaj Finserv's nationwide presence ensures service availability across all these markets.

Enter the housing market with confidence

The current market conditions favour home buyers significantly. Property prices remain stable in most markets. Interest rates are at multi-year lows following the RBI cut. Also, construction activity has normalised after pandemic disruptions. Moreover, Bajaj Finserv's Loan Mahotsava runs until the end of July 2025, bringing exciting opportunities across loan products.

The RBI's 50 basis points rate cut marks a significant milestone. Use a home loan EMI calculator to plan your next financial move. Calculate potential savings and understand your monthly commitments before you apply online for a Bajaj Finserv Home Loan.

Do not wait for the rates to change again. Check your eligibility, calculate your EMI, and apply for your home loan from Bajaj Finserv today. Download the app or visit the official website now.

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