90 Lakh Home Loan EMI & Interest Rate
Enjoy attractive interest rates starting at 8.45% 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 8.45% p.a. 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 |
| ₹ 90,00,000 | 8.45% | 5 Years | ₹ 1,84,432 |
| ₹ 90,00,000 | 8.45% | 10 Years | ₹ 1,11,347 |
| ₹ 90,00,000 | 8.45% | 15 Years | ₹ 88,363 |
| ₹ 90,00,000 | 8.45% | 20 Years | ₹ 77,820 |
| ₹ 90,00,000 | 8.45% | 30 Years | ₹ 68,884 |
₹90 Lakh Home Loan EMI Calculator
You can calculate your home loan EMI Instantly 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)
Years
Monthly EMI
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Total Interest
Total Amount
90 lakh Homeloan Interest and Other Charges
₹90 Lakh Home Loan Interest Rate & 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 ₹90 Lakh Home Loan
Given below are the steps to apply for a ₹90 lakh home loan with Navi:
How to Apply For 90 lakh Homeloan?
₹90 Lakh Home Loan Eligibility & Documents Required
₹90 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
₹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 | 8.45% p.a. |
| EMI | ₹ 1,11,347 |
| Total Interest | ₹ 43,61,591 |
| Total Repayment | ₹ 1,33,61,591 |
₹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 | 8.45% p.a. |
| EMI | ₹ 77,820 |
| Total Interest | ₹ 96,76,683 |
| Total Repayment | ₹ 1,86,76,683 |
₹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 | 8.45% p.a. |
| EMI | ₹ 68,884 |
| Total Interest | ₹ 1,57,98,077 |
| Total Repayment | ₹ 2,47,98,077 |
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Frequently Asked Questions
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.
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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