90 Lakh Home Loan EMI & Interest Rate

Enjoy attractive interest rates starting at 8.39% p.a. with flexible EMI options

₹90 Lakh Home Loan EMI

Planning to take a home loan of ₹90 lakh but haven’t checked your EMIs yet? Not calculating your EMIs in advance or not having any repayment plan chalked out can cause severe financial stress. Calculating your ₹90 lakh home loan EMI is not that difficult. Just use our ₹90 lakh home loan EMI calculator.

₹90 Lakh Home Loan EMI Details

When you take a home loan from, you must repay the amount in EMIs or Equated Monthly instalments. The EMI or Equated Monthly Instalments depend on three factors: the loan amount, rate of interest and tenure and consists of two components – the principal and interest.

Now let us understand how your loan tenure impacts your EMIs. If you take a loan of ₹90 lakh home loan and the interest rate is 8.39% per annum for tenures of 10, 15, 20, 25 and 30 years, your EMI on ₹90 lakh home loan should look something like this:

Loan Amount (₹) Interest Rate (p.a.) Tenure EMI
₹90,00,0008.39%5 Years₹1,84,172
₹90,00,0008.39%10 Years₹1,11,058
₹90,00,0008.39%15 Years₹88,047
₹90,00,0008.39%20 Years₹77,479
₹90,00,0008.39%30 Years₹77,479
Note: that this table is for illustrative purposes only

₹90 Lakh Home Loan EMI Calculator

You can calculate your home loan EMI both manually and with an EMI calculator. However, amnua 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)

%

Loan Tenure (Years)

Years

Monthly EMI

0

Total Interest

Total Amount

90 lakh Homeloan Interest and Other Charges

HL City InterestRate&Charges

₹90 Lakh Home Loan Interest Rate & Other Charges

Navi offers home loans up to ₹5 crore at competitive interest rates starting from 8.39% p.a. with flexible repayment tenures of up to 30 years. Here are the details below:
Competitive interest rates starting at 8.39% 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
Pre-close your home loan at your convenience with no additional cost

How to Apply for a ₹90 Lakh Home Loan

Given below are the steps to apply for a ₹90 lakh home loan with Navi:

Download the Navi app from Play Store or App Store
Enter personal and employment details
Do your KYC with PAN, Aadhaar and bank statement
Get instant loan approval and provisional sanction letter

How to Apply For 90 lakh Homeloan?

How To Apply

₹90 Lakh Home Loan Eligibility & Documents Required

HL City DocumentsRequired (1)

₹90 Lakh Home Loan Eligibility & Documents Required

₹90 Lakh Home Loan EMI for 10 Years

Use Navi’s EMI calculator to calculate the EMI on ₹90 lakh home loan for 10 years. Alternatively, you can calculate manually. Here are the details:

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

In this formula, P stands for your principal loan amount, and R stands for the monthly rate of interest divided by 100. N stands for the tenure in which you will have to repay the full loan amount with interest. Here is an illustration of how your EMI for a ₹90 lakh home loan for 10 years will look like:

EMI = ₹{90,00,000 x 0.00615 x (1 + 0.00615)^120} / {(1 + 0.00615)^120-1} = ₹1,06,316.
More details below:

Loan Amount ₹90,00,000
Rate of Interest 8.39% p.a.
EMI ₹1,11,058
Total Interest ₹43,27,001
Total Repayment ₹1,33,27,001

₹90 Lakh Home Loan EMI for 20 Years

If you are curious about how to calculate home loan ₹90 lakh home loan EMI for 20 years manually, then here is the formula:

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

In this formula, as mentioned above, P is the principal amount, R is the rate of interest and N stands for tenure.

Upon calculating, your EMI on ₹90 lakh home loan for 20 years would be:

EMI = ₹{90,00,000 x 0.00615 x (1 + 0.00615)^240} / {(1 + 0.00615)^240-1} = ₹71,899

More details below:

Loan Amount ₹90,00,000
Rate of Interest 8.39% p.a.
EMI ₹77,479
Total Interest ₹95,94,873
Total Repayment ₹1,85,94,873

₹90 Lakh Home Loan EMI for 30 Years

You already know how to calculate the EMIs for your home loan for 10 and 20 years. Now, let’s manually calculate the ₹90 lakh home loan EMI for 30 years. We will use the same formula as before:

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

In this formula, P stands for the principal amount, N stands for a tenure of repayment, and R stands for the interest rate.

EMI = ₹{90,00,000 x 0.00615 x (1 + 0.00615)^360} / {(1 + 0.00615)^360-1} = ₹62,253.

We have collected more data using Navi’s home loan EMI calculator to find out what your EMI and total repayment amount will be:

Loan Amount ₹90,00,000
Rate of Interest 8.39% p.a.
EMI ₹68,502
Total Interest ₹1,56,60,655
Total Repayment ₹2,46,60,655

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Frequently Asked Questions

Under the Income Tax Act, you can claim tax benefits against the interest paid on a home loan. Under Section 80C, you can get tax deductions up to ₹1.5 lakh per year. Whereas Section 24 (b) lets you claim ₹2 lakh per year in tax deductions on principal repayments. You can get additional deduction of ₹50,000 under Section 80EE and an ₹1.5 lakh deduction under Section 80EEA subject to terms and conditions.
Opting for a home loan insurance is not mandatory if you want to apply for a home loan from Navi. However, it is still advisable to opt for an insurance policy on your home loan. It would help protect your loved ones against the loan burden in case something unfortunate happens to you.
LTV or a Loan-to-Value ratio refers to the ratio of loan to the value of the asset that is being purchased. In the case of a home loan, this is the value of the property against which you are planning to receive a loan from Navi. For example, if your LTV is 66%, you will receive 66% financing of the property from Navi.

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
Your home loan EMI is based on three factors – the loan amount, interest rate and tenure. If the tenure is more, your EMIs would be less, however you would end up paying more as interest. This increases the overall cost of your loan. Similarly, for a shorter tenure, your EMIs would be on the higher side, however, you would end up paying less interest.

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