₹4 Crore Home Loan EMI & Interest Rate
Enjoy attractive interest rates starting at 8.45% p.a. with flexible EMI options
₹4 Crore Home Loan EMI
Planning to purchase your dream house in your favourite neighbourhood? A home loan is a convenient solution and could take you closer to your dream. But, applying for and getting a home loan is only the beginning. You need to start planning for your EMIs (full form: equated monthly instalments) well in advance – be it for a ₹50 Lakh, ₹1 Crore, or ₹4 Crore home loan.
In fact, knowing in advance what your ₹4 crore home loan EMI would be, could save you unnecessary stress later on, since you would be able to plan your finances accordingly. In this blog, we will tell you how you could use a ₹4 Crore home loan EMI calculator to make your life easier.
₹4 Crore Home Loan EMI Details
Typically, you will have to repay your home loan in equated monthly instalments or EMIs. The EMI would primarily depend on three factors – the amount you borrowed, the tenure you chose, and the interest rate at which you received the loan. Here, the important factors that will affect your EMI are the principal loan amount, loan tenure, and rate of interest. Based on this, let’s understand with an example how a ₹4 Crore home loan EMI could look like.
Let’s assume that you have got a ₹4 crore home loan at an interest of 8.45% p.a.
Based on the tenure you choose, your EMI would vary as shown below:
| Loan Amount (₹) | Interest Rate (p.a.) | Tenure | EMI |
| ₹ 4,00,00,000 | 8.45% | 10 Years | ₹ 4,94,874 |
| ₹ 4,00,00,000 | 8.45% | 15 Years | ₹ 3,92,724 |
| ₹ 4,00,00,000 | 8.45% | 20 Years | ₹ 3,45,865 |
| ₹ 4,00,00,000 | 8.45% | 25 Years | ₹ 3,20,744 |
| ₹ 4,00,00,000 | 8.45% | 30 Years | ₹ 3,06,149 |
₹4 Crore Home Loan EMI Calculator
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
₹4 Crore Home Loan Interest Rate & Other Charges
How to Apply for ₹4 Crore Home Loan?
How to Apply For 20 lakh Homeloan?
₹20 Lakh Home Loan Eligibility & Documents Required
₹4 Crore Home Loan Eligibility & Documents Required
- An Indian resident
- Salaried or self-employed
- Aged between 25 and 62
- PAN and Aadhaar card
- Bank statement or GST returns
₹4 Crore Home Loan EMI for 20 Years
Do you want to know what the EMI for a ₹4 crore home loan would be for a 20-year tenure? You could either use the Navi Home Loan EMI calculator or compute it manually. If you choose the second option, here’s how you could calculate your monthly instalments:
EMI = {P x R x (1+R)^N} / {(1 + R)^N – 1}
where P is the principal loan amount, R stands for the monthly rate of interest and N is the number of monthly instalments you have to pay. If your loan tenure is 20 years, then the number of EMIs you have to pay will be 240.
Let’s understand it with an example.
P= ₹4,00,00,000
R=8.45/12/100=0.007 (assuming the interest rate is 8.45% p.a.)
N=240 months
EMI = ₹{4,00,00,000 x 0.007 x (1+0.007)^240} / {(1 + 0.007)^240 – 1} = ₹3,45,865
As the manual calculation is quite complicated, you could use the Navi Home Loan calculator to get the same result in a matter of seconds.
| Loan Amount | ₹ 4,00,00,000 |
| Rate of Interest | 8.45% p.a. |
| EMI | ₹ 3,45,865 |
| Total Interest | ₹ 4,30,07,481 |
| Total Repayment | ₹ 8,30,07,481 |
₹4 Crore Home Loan EMI for 25 Years
Let’s see how much your EMI would be if you choose a loan tenure of 25 years, keeping all other parameters unchanged from before.
EMI = {P x R x (1+R)^N} / {(1 + R)^N – 1}
Here, P = ₹4,00,00,000
R=8.45/12/100=0.007
N= 25*12= 300 months
EMI for ₹4 crore home loan = ₹{4,00,00,000 x 0.007 x (1+0.007)^300} / {(1 + 0.007)^300 – 1} = ₹3,20,744
Manual calculation using this formula is quite complex and time-consuming. For instant results, you can use our home loan EMI calculator.
| Loan Amount | ₹ 4,00,00,000 |
| Rate of Interest | 8.45% p.a. |
| EMI | ₹ 3,20,744 |
| Total Interest | ₹ 5,62,23,250 |
| Total Repayment | ₹ 9,62,23,250 |
₹4 Crore Home Loan EMI for 30 Years
Want to know how much your EMI would be if you were to choose your loan tenure as 30 years, provided all other parameters remain unchanged? Here’s how you could calculate it:
EMI = {P x R x (1+R)^N} / {(1 + R)^N – 1}
Here, P = ₹4,00,00,000
R=8.45/12/100= 0.007
N= 30*12=360 months
EMI= ₹{4,00,00,000×0.007x(1+0.007)^360}/{(1+0.007)^360-1}= ₹3,06,149
While manual calculation is time-consuming and complex, you can get the result in seconds with the Navi Home Loan EMI Calculator.
| Loan Amount | ₹ 4,00,00,000 |
| Rate of Interest | 8.45% p.a. |
| EMI | ₹ 3,06,149 |
| Total Interest | ₹ 7,02,13,676 |
| Total Repayment | ₹ 11,02,13,676 |
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Frequently Asked Questions
Your home loan EMI is determined by 3 factors. These are:
- Loan amount
- Tenure
- Interest rate
To get a home loan with a low credit score, you could try approaching NBFCs, who usually have a lower eligibility criteria, try to apply with a co-borrower, who has a good credit score, and slowly try and improve your credit score. To improve your credit score, you could try the following:
- Pay off dues on time
- Raise a credit report dispute request
- Consolidate your outstanding debts
- Don’t apply for fresh loans and try to lower your debt-to-income ratio
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