₹75 Lakh Home Loan EMI & Interest Rate
Enjoy attractive interest rates starting at 8.45% p.a. with flexible EMI options
₹75 lakh Home Loan EMI
It’s important to have a detailed repayment plan in place before taking a Online home loan of, let’s say ₹75 lakh. The first thing you should do to better plan your repayment is calculate your ₹75 lakh home loan EMI in advance. This would give you an estimation of how much additional money you need every month to pay your home loan EMI.
You can calculate your EMI on ₹75 lakh home loan either manually or with our ₹75 lakh home loan EMI calculator.
₹75 lakh Home Loan EMI Details
Like all other loans, you must repay the amount within a predetermined tenure as decided by you or your lender. Your home loan EMI is based on the loan amount, tenure and rate of interest. Let’s check how your home loan EMI is affected with the change in home loan tenures. To calculate your ₹75 lakh home loan EMI, we have considered tenures of 10, 15, 20, 25, and 30 years and the rate of interest as 8.45% p.a. Here are the results of calculating your EMI for ₹75 Lakhs using an EMI calculator.
| Loan Amount (₹) | Interest Rate (p.a.) | Tenure | EMI |
| ₹ 75,00,000 | 8.45% | 5 Years | ₹ 1,53,693 |
| ₹ 75,00,000 | 8.45% | 10 Years | ₹ 92,789 |
| ₹ 75,00,000 | 8.45% | 15 Years | ₹ 73,636 |
| ₹ 75,00,000 | 8.45% | 20 Years | ₹ 64,850 |
| ₹ 75,00,000 | 8.45% | 30 Years | ₹ 57,403 |
₹75 lakh Home Loan EMI Calculator
Calculating your home loan EMI in advance would help you better manage your finances. The home loan EMI depends upon the interest rate, tenure and the amount borrowed and consists of two components – the principal and the interest. You can calculate your loan EMI manually, but that could be extremely time-consuming and prone to errors. As a better alternative, use the Navi Home Loan EMI Calculator.
This online tool is user-friendly and provides quick and accurate results. Just enter the loan, tenure and interest rates to know the applicable EMI amount.
Loan Amount
Rate of Interest (P.a)
%
Loan Tenure (Years)
Years
Monthly EMI
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Total Interest
Total Amount
75 lakh Homeloan Interest and Other Charges
₹75 Lakh Home Loan Interest Rates and Other Charges
Navi offers home loans up to ₹5 crore at competitive interest rates starting from 8.45% p.a. with flexible repayment tenures of up to 30 years. Here are the details below:
Competitive interest rates starting at 8.45% p.a.
How to Apply for a ₹75 Lakh Home Loan?
How to Apply For 75 lakh Homeloan?
₹75 Lakh Home Loan Eligibility & Documents Required
₹75 Lakh 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
₹75 Lakh Home Loan EMI for 10 Years
Wondering how much EMI would be on a ₹75 lakh home loan for 10 years? You can check your EMI using the Navi Home Loan EMI calculator. However, it is also necessary to know how these calculations are done manually.
EMI = {P x R x (1+R)^N} / {(1 + R)^N – 1}
In the above formula, P is the principal amount, and N denotes tenure. Since EMI are monthly repayments, tenure indicates the number of EMI to be paid for the given years.
For a tenure of 10 years, the number of EMIs will be 120. R implies the monthly interest rate divided by 100. If the rate of interest is 7.39% p.a., we need to consider it as 0.615% per month.
Now, let’s calculate the EMI for a ₹75 lakh home loan for 10 years at 0.615% per month according to the formula:
EMI = ₹ {75,00,000 x 0.00615 x (1 + 0.00615) ^120} / {(1 +0.00615) ^120-1} = ₹88,596
You must have noticed that calculating your home loan EMI manually is not only a hard nut to crack but also time-consuming. To simplify the process, you can use our home loan EMI calculators.
Find the details of your loan below:
| Loan Amount | ₹ 75,00,000 |
| Rate of Interest | 8.45% p.a. |
| EMI | ₹ 92,789 |
| Total Interest | ₹ 36,34,659 |
| Total Repayment | ₹ 1,11,34,659 |
₹75 Lakh Home Loan EMI for 20 years
Let us calculate the EMI on ₹75 lakh home loan for 20 years tenure. With the rate of interest being 7.39%, we use the same formula as before:
EMI = {P x R x (1+R)^N} / {(1 + R)^N – 1}
Here, P implies the loan amount, N is the number of EMIs you need to pay (if your tenure is 20 years; N will be 240), and R denotes the monthly rate of interest divided by 100 (R/12/100).
So, if we consider ₹75 lakh as the home loan amount, 20 years as the tenure and the monthly interest rate at 0.615% in the formula, it would look like this:
EMI = ₹{75,00,000 x 0.00615 x (1 + 0.00615)^240} / {(1 + 0.00615)^240-1} = ₹59,916
Calculating this manually can be extremely time-consuming. To avoid these complications, you can use our home loan EMI Calculator. Find the details below:
| Loan Amount | ₹ 75,00,000 |
| Rate of Interest | 8.45% p.a. |
| EMI | ₹ 64,850 |
| Total Interest | ₹ 80,63,903 |
| Total Repayment | ₹ 1,55,63,903 |
₹75 Lakh Home Loan EMI for 30 years
Let us find out what would be ₹75 lakh home loan EMI for 30 years. The formula is:
EMI = {P x R x (1+R)^N} / {(1 + R)^N – 1}
Where P is the loan principal, R is the interest rate in months (R/12/100), while T is tenure or the number of repayments in months.
Now let’s assign values to the given formula to calculate EMI manually. We must remember that for a tenure of 30 years, N will be 360.
EMI = ₹ {75,00,000 x 0.00615 x (1 + 0.00615) ^360} / {(1 + 0.00615) ^360-1} = ₹ 51,877
For fast and quick calculations, use our ₹75 lakh home loan EMI calculator.
| Loan Amount | ₹ 75,00,000 |
| Rate of Interest | 8.45% p.a. |
| EMI | ₹ 57,403 |
| Total Interest | ₹ 1,31,65,064 |
| Total Repayment | ₹ 2,06,65,064 |
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