# ₹65 Lakh Home Loan EMI & Interest Rate

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

## ₹65 Lakh Home Loan EMI

Everyone dreams of living in their dream home. However, buying a new house is expensive. The cost can range from ₹50 lakh to ₹80 lakh, depending on the city you are living in. Taking a home loan could be a viable option to finance the property you are planning to buy. But consider the EMI obligations first before applying for a home loan. For instance, a ₹65 lakh home loan EMI for 10 years would be far higher than ₹65 lakh home loan EMI for 20 years.

Now that we have considered ₹65 lakh as the home loan amount, let’s calculate what would be your ₹65 lakh home loan EMI for different tenures. While you could calculate the EMI manually, using a ₹65 lakh home loan EMI calculator would give you quick and accurate results. Let’s dive in!

## ₹65 Lakh Home Loan EMI Details

If you take a home loan, you must repay the loan within a specified tenure via EMIs. Your ₹65 lakh home loan EMI is based on three factors—loan amount, rate of interest, and tenure.

Let us understand ₹65 lakh home loan EMI with an example. Suppose the interest rate is 8.45% p.a. and the loan tenures are 10, 15, 20, 25, and 30 years. Using the Navi Home Loan EMI Calculator, your EMI would be:

 Loan Amount (₹) Interest Rate (p.a.) Tenure EMI ₹ 65,00,000 8.45% 5 Years ₹ 1,33,201 ₹ 65,00,000 8.45% 10 Years ₹ 80,417 ₹ 65,00,000 8.45% 15 Years ₹ 63,818 ₹ 65,00,000 8.45% 20 Years ₹ 56,203 ₹ 65,00,000 8.45% 30 Years ₹ 49,749

Note: that this table is for illustrative purposes only

## ₹65 Lakh Home Loan EMI Calculator

Home loan EMIs depend on the loan amount, tenure, and interest rate. You can calculate the EMI manually. But pen and paper calculations are always extremely time-consuming and could leave room for errors. Instead, you can use Navi Home Loan EMI Calculator to get quick and accurate results.

This simple and easy-to-use online EMI calculator helps you calculate your housing loan EMI in a few seconds. All you need to do is select the loan amount, tenure and interest rest to check your home loan EMI.

Loan Amount

Rate of Interest (P.a)

%

Loan Tenure (Years)

Years

Monthly EMI

0

Total Interest

Total Amount

## ₹65 Lakh Home Loan Interest Rate and Other Charges

With Navi, you can apply for home loan of up to ₹5 crore at attractive interest rates starting from 8.45% p.a. with flexible repayment tenures of up to 30 years. Details are as follows:

Competitive interest rates starting at 8.45% p.a.

Zero processing fee charged
Get loans up to ₹5 crore to finance your dream house
Enjoy flexible repayment tenures of up to 30 years

## How to Apply for a ₹65 Lakh Home Loan

Given below are the steps to apply for a ₹65 lakh home loan:
Enter personal and employment details
Get instant loan approval and provisional sanction letter

## ₹65 Lakh Home Loan EMI for 10 Years

To better understand what would be your EMI on a ₹65 lakh home loan, let’s consider various tenures. You will be able to check how your EMI changes drastically with the change in loan tenure. Let’s first calculate ₹65 lakh home loan EMI for 10 years. Since it is also important for you to know the manual calculation, we have used the home loan EMI calculation formula to show you the manual calculation process. The formula for calculating home loan EMIs is:

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

Here, P is the principal loan amount. R is the monthly rate of interest divided by 100. N stands for the number of EMIs you need to pay. For example, if the loan tenure is 10 years, then N will be 120.

If calculated manually, the EMI for a ₹65 lakh home loan for 10 years would be as follows:

EMI = ₹{6500000 x 0.00615 x (1 + 0.00615)^120} / {(1 + 0.00615)^120-1} = ₹76,783

As illustrated above, the calculations are quite time-consuming and complicated.

Using the Navi Home Loan EMI calculator is easy and saves valuable time.

Given below are your EMI details as calculated via our loan EMI calculator:

 Loan Amount ₹ 65,00,000 Rate of Interest 8.45% p.a. EMI ₹ 80,417 Total Interest ₹ 31,50,038 Total Repayment ₹ 96,50,038

## ₹65 Lakh Home Loan EMI for 20 Years

Now, let us check the EMI and total repayment amount of a home loan of ₹65 lakh taken for 20 years. The same formula will be applicable:

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

Here, P is the principal loan amount. R is the rate of monthly interest divided by 100. N stands for the number of EMIs you need to pay. For example, if this loan’s tenure is 20 years, then N will be 240.

If calculated manually, the EMI for a ₹65 lakh home loan for 20 years would be as follows:

EMI = ₹{6500000 x 0.00615 x (1 + 0.00615)^240} / {(1 + 0.00615)^240-1} = ₹51,927

The following table further illustrates this calculation:

 Loan Amount ₹ 65,00,000 Rate of Interest 8.45% p.a. EMI ₹ 56,203 Total Interest ₹ 69,88,716 Total Repayment ₹ 1,34,88,716

## ₹65 Lakh Home Loan EMI for 30 Years

What could be the EMI if you get ₹65 lakh home loan for a 30-year tenure. Let’s apply the formula and find out:

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

Here, P is the principal loan amount. R is the rate of interest divided by 100. N stands for the number of EMIs you need to pay. For example, if the loan tenure is 30 years, then N will be 360.

If calculated manually, the EMI for a ₹65 lakh home loan for 30 years would be as follows:

EMI = ₹{6500000 x 0.00615 x (1 + 0.00615)^360} / {(1 + 0.00615)^360-1} = ₹44,960

The following table further illustrates this calculation:

 Loan Amount ₹ 65,00,000 Rate of Interest 8.45% p.a. EMI ₹ 49,749 Total Interest ₹ 1,14,09,722 Total Repayment ₹ 1,79,09,722

## Trusted by Millions of Users

1 M+
1 L+
Loan Sanctioned
1 Cr+
Loan amount disbursed
1 L+
Active Loans

## Navi Approved Builders

Godrej Properties

Casagrand

Signature Global

VTP Realty

Assetz Property

Shriram Properties

Sunteck Realty

Provident Housing Limited

Prestige Group

Puranik

DRA Home

## Home Loan for Different Budgets

There are two types of home loan interest rates—fixed and floating. In a fixed interest rate, the rate of interest remains the same throughout the repayment tenure. But for floating home loan interest rates, the interest rates will keep changing based on current market rates.
You can link your bank account to the Navi app and set up auto-debit. Once done, the EMI will get automatically deducted from your bank account on the EMI due date. Just make sure that you have sufficient balance in your bank account so that there are no missed payments.

An amortisation schedule is a detailed chart giving a breakdown of the interest and principal component of loan EMIs. It contains the following information:

• Amount of payable EMI
• Contribution towards repayment of the principal amount
• Contribution towards repayment of interest amount
• Outstanding balance before EMI payment
• Outstanding loan balance after payment of EMI
You can pre-close your home loan either paying a lump-sum amount at one go or making part-prepayments in lump sum towards the outstanding principal. Making part-prepayments can help you reduce the outstanding principal. Lower outstanding principal means you have to pay less towards the interest. This could help you pay off your loan faster.
Having a low CIBIL score is never a good thing. Lenders approve your credit score and decide on your loan eligibility based on your CIBIL score among other factors. Also, if you have an excellent credit score, you might get preferential interest rates. Whereas, a poor credit score could lead to home loan rejection.

## What our customers say about us

I had experience with two home loans in the past and I have wasted a lot of time into providing unnecessary documents. With Navi, I was surprised how convenient it was. I would highly recommend Navi to anyone looking for a home loan.
Navi made the process of securing a home loan very easy. everything was available at fingertips. Legal verification and valuation of the property went smoothly. Digital process really made the mortgage process simple.
Highly recommend this for home loan. Good interest rates, transparent process and fees. Whole process is streamlined and most of it is done online. Had a great experience!

## Blogs

Jun 21

### 9 Different Home Loan Types And Options Available In India: Eligibility And Interest Rates

Do you know about the different home loan types? Click here to learn about the different types of housing finance options, interest rates, eligibility & more!

## Explore our videos

4 Factors to Consider Before Taking a Home Loan
How to Save Tax on Home Loans: A Complete Guide
Everything You Need to Know About Home Loan Eligibility