₹1 Crore Home Loan EMI & Interest Rate
Enjoy attractive interest rates starting at 8.45% p.a. with flexible EMI options
₹1 Crore Home Loan EMI
₹1 Crore Home Loan EMI Details
You need to repay your home loan in Equated Monthly Instalments or EMIs. Your home loan EMI depends on three factors – the loan amount, applicable interest rate and tenure. Let’s understand EMI for ₹1 crore home loan with an example.
We have considered repayment tenures of 10 years, 15 years, 20 years, 25 years and 30 years and interest rate of 8.45% p.a. to give you a clearer picture regarding how your monthly repayment obligations would look like.
| Loan Amount (₹) | Interest Rate (p.a.) | Tenure | EMI |
| ₹ 1,00,00,000 | 8.45% | 10 Years | ₹ 1,23,718 |
| ₹ 1,00,00,000 | 8.45% | 15 Years | ₹ 98,181 |
| ₹ 1,00,00,000 | 8.45% | 20 Years | ₹ 86,466 |
| ₹ 1,00,00,000 | 8.45% | 25 Years | ₹ 80,186 |
| ₹ 1,00,00,000 | 8.45% | 30 Years | ₹ 76,537 |
₹1 Crore Home Loan EMI Calculator
You can calculate your ₹1 crore home loan EMI manually or via an online home loan EMI calculator. However, manual calculations can be extremely time consuming and may leave for errors. A better alternative would be using a home loan EMI calculator.
EMI calculators are extremely easy to use. All you have to do is enter the loan amount, tenure and interest rate. Once done, you will be able to check your home loan EMI in a few seconds.
Loan Amount
Rate of Interest (P.a)
%
Loan Tenure (Years)
Years
Monthly EMI
0
Total Interest
Total Amount
20 lakh Homeloan Interest and Other Charges
₹1 Crore Home Loan Interest Rate & Other Charges
How to Apply for ₹1 Crore Home Loan?
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How to Apply For 20 lakh Homeloan?
₹20 Lakh Home Loan Eligibility & Documents Required
₹1 Crore Home Loan Eligibility & Documents Required
- Nationality: Indian resident
- Age: 25 to 62 years
- Type of employment: Salaried or Self-employed
- PAN and Aadhaar card
- Bank statement or GST returns
₹1 Crore Home Loan EMI for 20 Years
Want to know what would be your ₹1 crore home loan EMI for 20 years? You can either calculate it manually or use a home loan EMI calculator. For manual calculation, use the below formula:
EMI = {P x R x (1+R)^N} / {(1 + R)^N – 1}
Here,
P = Principal amount
R = Interest rate/12/100. For an interest rate of 8.45% p.a., R would be 0.007.
N = Number of EMIs you have to pay. For instance, if the loan tenure is 20 years, N would be 20 x 12 = 240
So, here’s what your EMI for a ₹1 crore home loan will look like if calculated manually.
EMI = ₹{1,00,00,000 x 0.007 x (1 + 0.007)^240} / {(1 +0.007)^240-1} = ₹86,466
However, manual calculations are complex. Instead, use Navi Home Loan EMI Calculator to get quick and accurate results.
| Loan Amount | ₹ 1,00,00,000 |
| Rate of Interest | 8.45% p.a. |
| EMI | ₹ 86,466 |
| Total Interest | ₹ 1,07,51,870 |
| Total Repayment | ₹ 2,07,51,870 |
₹1 Crore Home Loan EMI for 25 Years
Now, let’s find out what would be the ₹1 crore home loan EMI for 25 years. As we saw, the formula for calculating home loan EMI is:
EMI = {P x R x (1+R)^N} / {(1 + R)^N – 1}
Where,
P = Principal amount/loan amount
R = Interest rate
N = Number of EMIs you will have to pay. For instance, if your loan tenure is 25 years, you will have to pay 300 EMIs.
So, upon manual calculation, this is what the home loan EMI will look like:
EMI = ₹{1,00,00,000 x 0.007 x (1 +0.007)^300} / {(1 +0.007)^300-1} = ₹80,186
Here, manual calculations would be too time-consuming and complex for regular usage. Our home loan EMI calculator is a better alternative which displays the results instantly. Take a look below:
| Loan Amount | ₹ 1,00,00,000 |
| Rate of Interest | 8.45% p.a. |
| EMI | ₹ 80,186 |
| Total Interest | ₹ 1,40,55,812 |
| Total Repayment | ₹ 2,40,55,812 |
₹1 Crore Home Loan EMI for 30 Years
Do wish to avail a home loan of ₹1 crore for an extended timeframe? Let us take a look at what a ₹1 crore home loan EMI for 30 years would be. The formula is as follows:
EMI = {P x R x (1+R)^N} / {(1 + R)^N – 1}
Here,
P = Principal amount/loan amount
R = Interest Rate
N = Number of EMIs you will have to pay. For example, if the home loan tenure is 30 years, you will have to pay 360 EMIs.
Upon calculation, your ₹1 crore home loan EMI would be:
EMI = ₹{1,00,00,000 x 0.007 x (1 + 0.007)^360} / {(1 + 0.007)^360-1} = ₹76,537
While manual calculations can be complex and take up valuable time, Navi’s online home loan calculator provides accurate results instantly.
| Loan Amount | ₹ 1,00,00,000 |
| Rate of Interest | 8.45% p.a. |
| EMI | ₹ 76,537 |
| Total Interest | ₹ 1,75,53,419 |
| Total Repayment | ₹ 2,75,53,419 |
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