# 25 Lakh Home Loan EMI & Interest Rate

Enjoy attractive interest rates starting at 8.45% p.a. with flexible EMI options

## ₹25 Lakh Home Loan EMI

Applying for a home loan to finance your house is a great option. However, to manage your finances in a better way, it is vital to calculate your home loan EMI in advance. Let’s say that you have taken a ₹25 lakh home loan to finance the down payment of a property. So, what would be your ₹25 lakh home loan EMI? For this, you can use a home loan EMI calculator to calculate your monthly instalments.

## ₹25 Lakh Home Loan EMI Details

If you are taking a home loan, you have to repay it in EMIs or Equated Monthly Instalments within the pre-specified tenure. Your home loan EMI depends on three factors – the amount of the loan, the interest rate and the repayment tenure. The EMI is structured in such a way that during the initial years of repayment, the interest component is much higher than the principal amount, and towards the final years, the principal component increases and the interest decreases.

For example, let’s say that you have availed a ₹25 lakh home loan. Let’s keep the interest rate at 8.45% p.a. and tenures of 5, 10, 15, 20 and 30 years, respectively. So, your EMI on a ₹25 lakh home loan after using an EMI calculator will be:

 Loan Amount (₹) Interest Rate (p.a.) Tenure EMI ₹ 25,00,000 8.45% 5 Years ₹ 51,231 ₹ 25,00,000 8.45% 10 Years ₹ 30,930 ₹ 25,00,000 8.45% 15 Years ₹ 24,545 ₹ 25,00,000 8.45% 20 Years ₹ 21,617 ₹ 25,00,000 8.45% 30 Years ₹ 19,134

Note: that this table is for illustrative purposes only

## ₹25 Lakh Home Loan EMI Calculator

EMIs are based on the loan amount, interest rate and repayment tenure of the home loan. You can manually calculate the EMI for a home loan of ₹25 lakh, but it can be tedious, and can leave room for errors. Instead, as a better alternative, you can use the Navi Home Loan EMI Calculator.

This online calculator provides an easy and quick calculation of your home loan EMI. All you need to enter are the loan amount, the interest rate and the repayment tenure to check your monthly instalment amount.

Loan Amount

Rate of Interest (P.a)

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Loan Tenure (Years)

Years

Monthly EMI

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Total Interest

Total Amount

## ₹25 Lakh Home Loan Interest Rate & Other Charges

Navi offers home loans of up to ₹5 crore with competitive interest rates and flexible repayment tenures. The details are as follows:

Avail loans at competitive interest rates, starting from 8.45% p.a.

Get housing loans of up to ₹5 crore for your dream home.
Enjoy flexible EMI options that are payable up to 30 years.
You can pre-close your home loan without incurring any additional charges.
No processing fee on Navi home loans.

## How to Apply for ₹25 Lakh Home Loan

You can follow the steps below to apply for a ₹25 lakh home loan with Navi:
Install the Navi app from App Store or Play Store.
Fill in your personal and employment information on the app.
Verify your details by providing your PAN, Aadhaar and bank details.

Get your home loan instantly approved, along with a provisional sanction letter.

## ₹25 Lakh Home Loan EMI for 10 Years

Are you wondering what the EMI would be for a ₹25 lakh home loan for a tenure of 10 years? This is when the Navi online Home Loan EMI Calculator comes in handy. However, it is also necessary for you to know how to calculate home loan EMIs manually.

EMI = {P x R x (1+R)^N} / {(1 + R)^N – 1}

Here, P= loan principal amount,
R= rate of interest divided by 100,
N= number of EMIs you have to pay. For example, if your loan has a tenure of 10 years, then N would be 120 months (12X10).

Now, let us calculate your EMI for a ₹25 lakh home loan for 10 years manually:

EMI = ₹{2500000 x 0.00615 x (1 + 0.00615)^120} / {(1 + 0.00615)^120-1} = ₹29,532.

You can see that such calculations can take a lot of time and are difficult to solve. This is the reason why you should use our home loan EMI calculator.

The details are as follows:

 Loan Amount ₹ 25,00,000 Rate of Interest 8.45% p.a. EMI ₹ 30,930 Total Interest ₹ 12,11,553 Total Repayment ₹ 37,11,553

## ₹25 Lakh Home Loan EMI for 20 Years

Increasing the repayment tenure of a home loan will bring down the EMI considerably. Let’s understand this by calculating the EMI for a ₹25 lakh home loan for 20 years. The formula for calculating EMI is as follows:

EMI = {P x R x (1+R)^N} / {(1 + R)^N – 1}

Here, P= loan principal amount,
R= rate of interest divided by 100,
N= number of EMIs you have to pay. For example, if your loan has a tenure of 20 years, then N would be 240 months (20×12).

Now, let us calculate your EMI for a ₹25 lakh home loan for 20 years manually:
EMI = ₹{2500000 x 0. 00615 x (1 + 0. 00615)^240} / {(1 + 0. 00615)^240-1} = ₹19,972

You can see that manual calculation can be hectic. This is the reason why you should use the Navi home loan EMI calculator.

The details are as follows:

 Loan Amount ₹ 25,00,000 Rate of Interest 8.45% p.a. EMI ₹ 21,617 Total Interest ₹ 26,87,968 Total Repayment ₹ 51,87,968

## ₹25 Lakh Home Loan EMI for 30 Years

Just out of curiosity, let us also see how much the EMI would be for a home loan of ₹25 lakh for 30 years. The formula for calculating EMI is as follows:

EMI = {P x R x (1+R)^N} / {(1 + R)^N – 1}
Here, P= loan principal amount, R= rate of interest divided by 100, N= number of EMIs you have to pay. For example, if your loan has a tenure of 30 years, then N would be 360 months (30×12).

Now, let us calculate the EMI for a ₹25 lakh home loan for 30 years manually:

EMI = ₹{2500000 x 0. 00615 x (1 + 0. 00615)^360} / {(1 + 0. 00615)^360-1} = ₹17,292

Such manual calculations can be time consuming and lead to errors. Instead, you can use the Navi home loan EMI calculator.

The details are as follows:

 Loan Amount ₹ 25,00,000 Rate of Interest 8.45% p.a. EMI ₹ 19,134 Total Interest ₹ 43,88,355 Total Repayment ₹ 68,88,355

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## Frequently Asked Questions

Home loan EMI is the amount you are supposed to pay in monthly instalments for the loan you have taken to purchase your house. Here EMI stands for Equated Monthly Instalments. You can use the formula: {P x R x (1+R)^N} / {(1 + R)^N – 1} to calculate the EMI value manually. If you find this calculation method difficult, you can use the Home Loan EMI calculator to get your required results.
Your home loan EMI depends on three factors – the loan amount, the interest rate and the repayment tenure. All of the factors are dependent on each other. If you plan to take a loan with a longer repayment tenure, it will bring down the EMI value but will increase the total interest on the loan. Similarly, if you avail a loan with a short repayment tenure, you will have to pay higher EMIs but lesser interest compared to the previous example.
Yes, you can take a joint home loan. There are a lot of benefits of taking a joint home loan with your spouse or relative. If your co-applicant has a high credit score, you can use it to your advantage and get home loans with preferential interest rates. Moreover, a joint home loan reduces the risk of defaulting on EMI payments and hence leads to easier approval.
Defaulting on your EMI payments can have a major negative impact on your credit score. It will decrease your creditworthiness and lead to heavy penalties. As home loans are a secured form of loans, lenders also have the right to seize your property to fund the outstanding amount of your loan.
Transferring your existing home loan account to a new lender under favourable terms and conditions is known as a home loan balance transfer. You can opt for this facility and switch your loan to Navi if you have already taken a home loan but are not happy with your lender’s terms and conditions.

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