BASIC Home Loan Partners with Emperium Pvt. Ltd. for Effortless Home Buying in Haryana

At BASIC Home Loan, we believe in simplifying the path to homeownership, no matter where you’re looking. That’s why we’re thrilled to extend our builder-fintech collaboration to Emperium Pvt Ltd, a trusted name in Haryana real estate.

Whether you’re exploring projects in Gurugram, Panipat, or Yamunanagar, this partnership brings streamlined, tech-enabled home loan support directly to your doorstep. What’s in it for you?

Imagine choosing a home and instantly getting guided, paperless loan assistance without the usual back-and-forth. For homebuyers, that means more options, better support, and greater trust from the start.

What Does This Partnership Mean For You?

1. One Simple Starting Point: Talk to a BASIC advisor over a call, share a few details, and see loan options in minutes.
2. More Lenders, Better Fit: Compare rates, fees, and prepayment rules across multiple banks and HFCs so you can pick what works for your budget.
3. Quicker Turnarounds: Digital KYC, paperless document collection, and builder–bank coordination so approvals and disbursals move faster.
4. No-surprise Pricing: Get a clear view of EMI, processing fees, legal charges, etc., upfront.
5. End-to-end Handholding: We will help you from pre-sanction to final loan disbursal.

Home Loan for 2 BHK in Haryana – Let’s Do the Math

Before you make the decision and apply for a loan, let’s help you with what the numbers will look like if you apply for a loan to buy a 2BHK in Gurgaon or any other part of Haryana. Here’s a straightforward breakdown to help you visualize the real cost behind a ₹1.25 crore 2 BHK home financed at 8.3%.

Homebuyer Profile:

1. Property Price: ₹1.25 crores
2. Loan Amount (up to 80%): ₹1 crore
3. Down Payment (assumed): ₹25 lakh (₹1.25 crore — ₹1 crore)
4. Interest Rate: 8.3% p.a.
5. Other Charges (processing, legal, insurance, etc.): ~₹1 lakh
6. Loan Tenure: 20 years

Home Loan EMI Calculation

Using the standard EMI formula, the monthly EMI for a ₹1 crore loan at 8.3% over 20 years comes to approximately ₹86,000.

Breakdown:

• Loan: ₹1 crore
• EMI: ~₹86,000/month
• Other Initial Costs: ~₹1 lakh

Scenario 1: Household Income ₹20 LPA

• Approximate Monthly Take-Home: ₹1.35 lakh
• EMI: ₹86,000
• Remaining Balance: ₹49,000

Bank’s Perspective: With EMI accounting for around 64% of monthly income, most banks would consider this too high. You may need a co-applicant or a longer tenure to qualify for the ₹1 crore loan.

Your Reality: Having ₹49,000 left may barely cover living expenses, let alone savings or investments—making this setup quite challenging unless you have an additional income.

Scenario 2: Household Income ₹30 LPA

• Approximate Monthly Take-Home: ₹2 lakh
• EMI: ₹86,000
• Remaining Balance: ₹114,000

Bank’s Perspective: With EMI around 43% of income, this is within the acceptable range. The loan is more likely to get approved without needing a co-applicant—especially with a clean credit profile.

Your Reality: With ₹114,000 left, you’ll have enough breathing room for everyday expenses, emergency savings, and even some long-term investments. In short, this setup is sustainable and realistic.

ProTip: How to Repay Home Loan in Haryana Early?

Paying off your home loan ahead of schedule is mostly about consistency and a few smart choices. Here’s a clear plan you can follow.

1. Prioritise Tenure Reduction on Prepayment: When you make a part-prepayment, ask the lender to reduce the tenure, not the EMI. Cutting years off the loan saves far more interest than shaving a little off the monthly amount.
2. Use Bonuses for Part-prepayments: Channel bonuses, incentives, RSUs, tax refunds, or maturity proceeds from FDs/LIC into periodic part-prepayments. Even one or two extra payments a year in the early phase can wipe out years of interest.
3. Increase Your EMI Annually: Each time your salary goes up, bump your EMI by 5–10%. Small annual increases compound into big interest savings while keeping your cash flow comfortable.
4. Balance Transfer When it Truly Pays: If another bank or HFC offers a lower rate or better terms & conditions, consider transferring the home loan.
5. Keep an Emergency Fund First: Maintain 6–9 months of expenses before aggressive prepayment. It prevents you from needing high-cost credit if something unexpected comes up.
6. Track Progress: Review your outstanding, rate, and amortisation once a year. A quick check helps you decide whether to prepay, transfer, or increase EMIs.

Empowering Homeownership with Clarity and Confidence

Owning your dream 2 BHK in Gurgaon and the nearby areas should feel achievable, not overwhelming. While the same loan amount might stretch a ₹20 LPA income to its limits, it’s far more manageable at ₹30 LPA when paired with the right support structure.

Our partnership with Emperium Pvt Ltd bridges that gap—delivering local trust with our digital-fintech capabilities to make home financing seamless and stress-free. Whether you’re exploring residential options in Gurugram, Panipat, or Yamunanagar, you’re stepping into a smoother, clearer path toward homeownership.

FAQs about BASIC Home Loan Partners with Emperium Pvt. Ltd.