# ₹5 Crore Home Loan EMI & Interest Rate

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

## ₹5 Crore Home Loan EMI

Owing to the soaring prices of real estate, it is tough to buy a house even after saving for our entire lives. In fact, a luxurious house or flat in a metro city can easily cost up to ₹5 crore. To finance your dream house, a home loan is the most viable option.

However, before opting for a home loan, it is important to compute your home loan EMI to assess its affordability – also to ensure the loan is repaid comfortably in time without impacting other crucial expenses and financial goals.

Let’s check your monthly obligation with a ₹5 crore home loan EMI calculator with examples.

## ₹5 Crore Home Loan EMI Details

A ₹5 crore home loan EMI consists of three essential components, namely the loan amount, tenure and interest rate. Every month, the borrower will have to pay the EMI which comprises the loan amount and interest rate. In the initial years of any loan, the interest component is larger than the principal component. Later, the principal component becomes larger.

Let’s understand this with a simple example. For instance, you are opting for a ₹5 crore home loan which is currently charging an interest rate of 8.45% p.a. With a home loan EMI calculator, let’s find out what your monthly repayments will be for multiple tenures like 10, 15, 20, 25 and 30 years.

 Loan Amount (₹) Interest Rate (p.a.) Tenure EMI ₹ 5,00,00,000 8.45% 10 Years ₹ 6,18,592 ₹ 5,00,00,000 8.45% 15 Years ₹ 4,90,905 ₹ 5,00,00,000 8.45% 20 Years ₹ 4,32,331 ₹ 5,00,00,000 8.45% 25 Years ₹ 4,00,930 ₹ 5,00,00,000 8.45% 30 Years ₹ 3,82,686
Note: that this table is for illustrative purposes only

## ₹5 Crore Home Loan EMI Calculator

You can also compute the EMI for ₹5 crore home loan manually. However, this can take a lot of time and might not provide correct results. Therefore, as a convenient alternative, you can use the Navi Home Loan EMI Calculator.

This tool is easy to use and offers instant results. All you need to do is enter the loan amount, tenure and interest rate or adjust the sliders to check your EMI amount.

Loan Amount

Rate of Interest (P.a)

%

Loan Tenure (Years)

Years

Monthly EMI

0

Total Interest

Total Amount

## ₹5 Crore Home Loan Interest Rate & Other Charges

Navi offers ₹5 crore home loans with attractive interest rates starting from 8.45% p.a. Below are the details of other charges and features of this home loan.

Navi does not charge any processing fee for your home loans
Eligible applicants can get an in-principle loan approval in a few minutes through the Navi app!
You can repay the loan amount at your own convenience with flexible tenures of up to 30 years
You can enjoy competitive interest rates currently starting from 8.45% per annum
You can pay the dues early and pre-close your loan anytime with no extra charges
The entire home loan journey – from application to approval – is fully paperless
With a loan of up to ₹5 crore, you can finance the purchase of your dream home

## How to Apply for ₹5 Crore Home Loan?

You can easily apply for a ₹5 crore home loan by following these steps:
Eligible applicants will get a provisional loan sanction letter in a few minutes!

## ₹5 Crore Home Loan EMI for 20 Years

Looking for the ₹5 crore home loan EMI for a 20-year tenure? To check your home loan EMI, you can use the Navi Home Loan EMI Calculator. Although you will receive an instant answer, it is important to know how to calculate home loan EMI manually.

We use the mathematical formula below:

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

Here,

P= Loan amount or principal

R= Monthly rate of interest (annual rate divided by 12 then divided by 100)

N= Loan tenure or number of repayments to make (in months). If you take a loan for 20 years, your loan tenure will be 240 (!2 x 20).

Now, let’s place the values for a ₹5 crore home loan of 20 years at an 8.45% interest rate as per the above formula.

EMI= {5,00,00,000 x 0.0070 x (1+0.0070)^240} / {(1 + 0.0070)^240 – 1}

EMI= ₹4,32,331

As you can understand, manual calculations can be quite time-consuming and confusing. There are also chances of getting your answers wrong. To avoid such circumstances, you can opt for our home loan EMI Calculator. Following are the details of the EMI of a ₹5 crore home loan.

 Loan Amount ₹ 5,00,00,000 Rate of Interest 8.45% p.a. EMI ₹ 4,32,331 Total Interest ₹ 5,37,59,351 Total Repayment ₹ 10,37,59,351

## ₹5 Crore Home Loan EMI for 25 Years

Just for curiosity, let’s increase the tenure to 25 years while keeping the loan amount and rate of interest the same. This means, our loan amount is ₹5,00,00,000, the rate of interest is 8.45% per annum and the tenure is 300 months. Let’s use the previous formula to calculate the EMI.

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

Here,

P = Loan or principal amount

R = Rate of interest per annum which you would need to convert into months. So, divide R by 12 and then by 100. For an 8.45% annual interest rate, the monthly rate will be 0.0070%.

N = This is the loan tenure or the number of repayments you must make every month. For 25 years, we must consider N as 300.

Now, let’s place the values as per the above formula.

EMI= {5,00,00,000 x 0.0070 x (1+0.0070)^300} / {(1 + 0.0070)^300 – 1}

EMI= ₹4,00,930

As you can understand, the manual calculation of ₹5 crore home loan EMI is a tedious process. Instead, you can use our ₹5 crore home loan EMI calculator to instantly receive the results. Here are the details of your 25-year housing loan.

 Loan Amount ₹ 5,00,00,000 Rate of Interest 8.45% p.a. EMI ₹ 4,00,930 Total Interest ₹ 7,02,79,062 Total Repayment ₹ 12,02,79,062

## ₹5 Crore Home Loan EMI for 30 Years

Now, let’s consider a housing loan of 30 years with the same rate of interest and loan amount. We shall use the same formula as above to calculate its EMI:

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

Here,

P= loan amount which is ₹5,00,00,000

R= Rate of interest per annum that you must convert to per month. Therefore, for 8.45%, the rate of interest per month will be 0.0070% (8.45 / 12 / 100).

N= Loan tenure in years that you must convert to months. Therefore, for 30 years, N will be 360.

Now let’s place the values as per the formula.

EMI= {5,00,00,000 x 0.0070 x (1+0.0070)^360} / {(1 + 0.0070)^360 – 1}

EMI= ₹3,82,686

 Loan Amount ₹ 5,00,00,000 Rate of Interest 8.45% p.a. EMI ₹ 3,82,686 Total Interest ₹ 8,77,67,095 Total Repayment ₹ 13,77,67,095

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## Home Loan for Different Budgets

Yes, you can opt for a joint home loan with a closed family member like your spouse, parent, sibling, etc. Opting for a joint home loan not just enhances the loan eligibility but could also lower the applicable interest rate. Both the applicants can also enjoy the tax benefits separately.
Home loan EMIs (Equated Monthly Instalments) are the dues you pay for a home loan in small parts every month till the end of a loan’s tenure. You can compute your home loan EMI manually or via a home loan EMI calculator. The mathematical formula to calculate it is {P x R x (1+R)^N} / {(1 + R)^N – 1}, where P = principal, R = interest rate and N = tenure in months.
Missing your home loan EMIs would negatively impact your credit score and could result in accumulation of debt too. If you’re finding it difficult to repay your EMIs, your lender might offer to restructure your loan resulting in lower EMIs or longer tenures. However, as a last resort, the lender could auction off your property to recover its dues.
Three factors help determine your home loan EMI. These are loan amount, tenure and interest rates. On setting a long loan tenure, your EMI will be conveniently less; however, you would end up paying higher total interest. On the contrary, for short tenures, your EMI will be higher, but, your overall interest outgo will be lesser.
Ideally you need to take immediate steps to improve your credit score before applying for a big-ticket financing facility like a home loan. That said, you can also apply for the loan with a co-applicant with a higher credit score to enhance your overall loan eligibility.

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