₹80 Lakh Home Loan EMI & Interest Rate
Enjoy attractive interest rates starting at 8.45% p.a. with flexible EMI options
₹80 Lakh Home Loan EMI
₹80 Lakh Home Loan EMI Details
Once you have taken the loan, you have to repay it in the form of EMIs or Equated Monthly Instalments. It’s a predetermined tenure usually decided by you. Your EMI on ₹80 lakh home loan is based on three factors – the loan amount, tenure and interest rate and consists of two components – the principal amount and the interest.
Let’s check how much impact the loan tenure has on your EMIs. For this example, we have considered the interest rate as 8.45% p.a. and tenures of 10, 15, 20, 25 and 30 years. This is what we can derive by using a home loan EMI calculator for a ₹80 lakh home loan:
| Loan Amount (₹) | Interest Rate (p.a.) | Tenure | EMI |
| ₹ 80,00,000 | 8.45% | 5 Years | ₹ 1,63,940 |
| ₹ 80,00,000 | 8.45% | 10 Years | ₹ 98,975 |
| ₹ 80,00,000 | 8.45% | 15 Years | ₹ 78,545 |
| ₹ 80,00,000 | 8.45% | 20 Years | ₹ 69,173 |
| ₹ 80,00,000 | 8.45% | 30 Years | ₹ 61,230 |
₹80 Lakh Home Loan EMI Calculator
You can calculate your home loan EMI both manually and with an EMI calculator. However, annual calculations can be extremely time-consuming and can leave room for errors. Instead, use our ₹80 lakh home loan EMI calculator.
Navi’s user-friendly home loan EMI calculator is designed to provide quick and accurate results. Just enter the tenure, loan amount and interest rate and get the amount you need to pay monthly to repay your home loan.
Loan Amount
Rate of Interest (P.a)
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Loan Tenure (Years)
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Monthly EMI
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Total Interest
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80 lakh Homeloan Interest and Other Charges
₹80 Lakh Home Loan Interest Rate & Other Charges
Navi offers Instant 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 ₹80 Lakh Home Loan
Follow the steps below to apply for a ₹80 Lakh Home Loan EMI:
How to Apply For 80 lakh Homeloan?
₹80 Lakh Home Loan Eligibility & Documents Required
₹80 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
₹80 Lakh Home Loan EMI for 10 Years
Let’s calculate EMI for ₹80 lakh home loan for 10 years. Use the Navi Home Loan EMI Calculator to easily figure out the payable amount of your EMI. However, here’s the formula to calculate the same manually.
EMI = {P x R x (1+R) ^N} / {(1 + R) ^N – 1}
P, here, stands for the principal loan amount, and R refers to the monthly interest rate divided by 100. N denotes the number of EMI that you have to pay.
For example, assuming your tenure is 10 years, the value of N will be 120. This is what your EMI calculation will look like if you opt for a ₹80 lakh home loan:
EMI = ₹ {80,00,000 x 0.00615 x (1 + 0.00615) ^120} / {(1 + 0.00615) ^120-1} = ₹94,503.
Here is a detailed tabular representation:
| Loan Amount | ₹ 80,00,000 |
| Rate of Interest | 8.45% p.a. |
| EMI | ₹ 98,975 |
| Total Interest | ₹ 38,76,970 |
| Total Repayment | ₹ 1,18,76,970 |
₹80 Lakh Home Loan EMI for 20 Years
Let’s find out the EMI for your ₹80 lakh home loan when the tenure is 20 years. As mentioned earlier, the formula to manually calculate the EMI for a home loan is:
EMI = {P x R x (1+R) ^N} / {(1 + R) ^N – 1}
P refers to the loan principal, R stands for interest rate per month divided by 100, and N is the number of EMIs you have to pay.
So, to manually calculate the EMI, you just need to put the numbers in the place of assigned alphabets. This is how your calculation will look for a ₹80 lakh home loan, which has a tenure extension of 20 years:
EMI = ₹ {80,00,000 x 0.00615 x (1 + 0.00615) ^240} / {(1 + 0.00615) ^240-1} = ₹63,910
Here is a detailed tabular representation:
| Loan Amount | ₹ 80,00,000 |
| Rate of Interest | 8.45% p.a. |
| EMI | ₹ 69,173 |
| Total Interest | ₹ 86,01,496 |
| Total Repayment | ₹ 1,66,01,496 |
₹80 Lakh Home Loan EMI for 30 Years
Now let’s see how much the EMI will be for a ₹80 lakh home loan with a tenure of 30 years. The formula to find out home loan EMI manually is:
EMI = {P x R x (1+R) ^N} / {(1 + R) ^N – 1}
Where P represents loan principal, R stands for interest rate per month divided by 100, and N will be the number of EMIs that you have to pay.
So, for a tenure of 30 years, N will be 360. This is how the calculation will look like:
EMI = ₹ {80,00,000 x 0.00615 x (1 + 0.00615) ^360} / {(1 + 0.00615) ^360-1} = ₹55,336
Here is a detailed tabular representation:
| Loan Amount | ₹ 80,00,000 |
| Rate of Interest | 8.45% p.a. |
| EMI | ₹ 61,230 |
| Total Interest | ₹ 1,40,42,735 |
| Total Repayment | ₹ 2,20,42,735 |
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Frequently Asked Questions
The following are some measures you can take to improve your CIBIL score:
- Check your CIBIL report regularly and rectify if there are mistakes
- Pay your credit card bills and other loan EMIs (if any) on time
- Don’t make multiple applications of loans and cards in quick succession
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