On interest rates
Every home loan in India has been linked to the repo rate since October 2019, and the spread over it is set on your credit score, loan size and down payment. There is no single rate that is true for a lender, so we do not print one. Check Bajaj Housing’s current rate on their own site, then put it into our EMI calculator to see the instalment.
The Cap Nobody Plans For
RBI limits how much a lender may advance against a residential property — the loan-to-value ratio. It is not a lender policy you can negotiate, and it tightens as the loan grows:
- Up to ₹30 lakh — broadly 90% of the property value.
- ₹30 lakh to ₹75 lakh — broadly 80%.
- Above ₹75 lakh — broadly 75%.
Read that as a deposit rather than as a percentage and the consequence becomes obvious. A ₹2 crore purchase needs roughly ₹50 lakh of your own money before any lender lends a rupee — and that is before stamp duty, registration and interiors, none of which can be borrowed on the home loan.
The mistake that costs a booking amount
Buyers at this level often plan around the EMI, confirm comfortably that they can carry it, book the flat — and then discover the deposit required is far larger than they had set aside, because they assumed 80% or 90% would be lent on a purchase where only 75% can be.
Work out the deposit first, from the LTV band the loan actually falls into. Then check the EMI. That order prevents the expensive surprise.
Who This Lender Suits
This is a housing finance company, not a bank — the full explanation of that difference is on the LIC Housing page. Applied here, it points at a fairly specific borrower:
- High-value purchases where the file is large enough to want dedicated attention.
- Self-employed and business income that is substantial but does not present as a payslip.
- Professionals with practice income assessed differently from a salary.
- Borrowers who want speed and are willing to pay a slightly higher spread to get it.
- Files a bank has declined on documentation rather than on affordability.
If you are salaried with clean payslips buying a ₹40 lakh flat in an approved project, a bank is almost certainly cheaper and this is not your lender — start at SBI or wherever your salary account sits.
What Changes on a Large Loan
What gets easier
- Lenders compete harder for large files, so there is more room to negotiate.
- Dedicated handling rather than a queue.
- A small spread difference is worth real money, so it is worth asking for.
What gets harder
- The LTV cap is tightest, so the deposit is largest.
- Income scrutiny is deeper, particularly if self-employed.
- Valuation matters more — a conservative valuation cuts the loan directly.
- Stamp duty and registration scale with the property and cannot be borrowed.
The valuation point deserves attention. On a large purchase the lender lends against its valuation, not the price you agreed. If the valuer comes in below the agreed price, the shortfall lands entirely on your deposit — and at this size the gap can be substantial.
One Thing Worth Knowing at This Size
The tax deductions on a home loan are capped in absolute terms, not as a percentage. Interest on a self-occupied property is deductible up to ₹2 lakh a year under Section 24(b), and principal repayment falls within the ₹1.5 lakh Section 80C limit that your other investments already compete for.
On a ₹30 lakh loan those caps cover a meaningful share of what you pay. On a ₹1.5 crore loan they cover a small fraction of it. So the “home loans are tax-efficient” argument, which is true and useful lower down, becomes much weaker as a reason to borrow more at this level.
The Trade You Are Making
- A slightly higher spread than a bank, in exchange for assessment that fits and speed that suits a deadline.
- On a large balance that difference compounds — run both scenarios properly on the EMI calculator before deciding it does not matter.
- You can move later. A clean record for two years makes you a strong candidate for a bank — see balance transfer.
- Negotiate at the start. Large files carry more leverage than small ones, and the moment to use it is before the sanction, not after.
Questions This Page Gets Asked
How much deposit do I need on a high-value home?
Above ₹75 lakh, broadly 25% of the property value, because RBI caps lending at around 75% in that band. On a ₹2 crore purchase that is roughly ₹50 lakh — before stamp duty, registration and interiors, none of which the home loan covers.
Is Bajaj Housing Finance a bank?
No, it is a housing finance company. It does not hold your savings account and it funds itself in the market, which usually means a slightly higher rate in exchange for more flexible assessment.
Why choose an HFC for a large loan?
Mainly for income assessment and speed. If your income is self-employed or complex, or a deadline is running, that flexibility can be worth more than a small rate difference. If you are cleanly salaried, a bank is likely cheaper.
What if the valuation comes in below the price I agreed?
The lender lends against its own valuation, so the shortfall increases your deposit. On a large purchase this can be a significant sum, which is why the deposit should be worked out before the booking amount is paid.
Do the tax benefits make a bigger loan worthwhile?
Less than people assume. The deductions are capped in rupees — ₹2 lakh of interest under Section 24(b) on a self-occupied property, and principal inside the ₹1.5 lakh 80C limit. Those caps cover much less of a very large loan.
Can I negotiate the rate on a large loan?
There is more room than on a small one, because lenders compete for large files. Ask before the sanction rather than after, and be willing to show a competing offer.
Can I transfer to a bank later?
Yes, and on a large balance the saving can be substantial. Ask your lender to reset the spread first — that is cheaper than a transfer and often captures most of the benefit. Working on balance transfer.
Where do I check the current rate?
On Bajaj Housing Finance’s own site, linked below. We do not publish home loan rates — repo-linked pricing resets, and a figure typed here would mislead within weeks.
About this page
Money Bharti is a loan marketplace and is not affiliated with, endorsed by, or acting on behalf of Bajaj Housing Finance. Anything described here was last reviewed on 2026-08-09 and changes without notice — confirm it on Bajaj Housing’s own website before you apply. Nothing here is a quote, an offer, or a guarantee of approval.
More Home Loan Guides
Where This Page Sits
This is one page in a larger guide. The pillar covers the whole subject end to end — rates, eligibility, documents and the process — and links to every page in the silo.
Comparing products rather than digging into one? These are the main guides.
From Our Blog
Responsible borrowing note
All rates, fees and eligibility figures on this page are indicative market ranges for illustration and are not an offer. Approval, pricing and the sanctioned amount rest entirely with the bank or NBFC. Money Bharti is a loan marketplace, not a lender. Assess your repayment capacity honestly and read the sanction letter in full before signing. This content is general information, not financial advice.