Do you wish to call the Charminar city of India your new home but are confused as to how you can arrange for funds? A home loan in Hyderabad with Navi at attractive interest rates with flexible repayment tenure can certainly help.
With Navi, you can apply for a housing loan in Hyderabad from the comfort of your home. The entire process is 100% paperless. All you have to do is download the Navi app and fill in your personal and employment details. After the successful completion of KYC verification, your home loan will be approved.
An important centre for the IT industry, Hyderabad is a perfect blend of history and technology. Home to the Charminar and Golconda fort, the city of Hyderabad has a unique charm that is a blend of culture and innovation. Living in Hyderabad would open you up to a range of career opportunities, and it is also the perfect place to stay for someone who loves the traditions and cuisines of this old city.
Loan Amount | Up to ₹5 Crore |
Loan Tenure | Up to 30 Years |
Interest Rate | 8.45% p.a. |
Processing Fee | Nil |
Navi offers home loans at attractive interest rates starting from 8.45% p.a.
With Navi, you can get home loan at attractive interest rates. It can be an excellent option for home buyers as there are no hidden charges.
Navi home loans come at attractive interest rates, starting from 8.45% p.a.
Availing a home loan in Hyderabad is simple with Navi. However, planning your EMIs in advance will help plan your financial obligations efficiently. You can calculate the EMI both manually and with the help of a calculator. The Navi Home Loan EMI Calculator lets you get an EMI estimate in seconds. Just enter the loan amount, repayment tenure and interest rate. The online home loan EMI calculator will display the monthly repayment amount in seconds.
The formula for calculating
EMIs manually is as follows:
EMI = P x R x (1+R)^N / [(1+R)^N-1]
In this formula, P stands for principal, R denotes the monthly interest rate divided by 100, and N indicates loan tenure in months.
Where, P = Principal loan amount, N = Loan tenure in months, R = Monthly interest rate
The rate of interest on your home loan is calculated monthly.
For instance, if you take a home loan of ₹35 lakh at 7.39% p.a. for 20 years, the monthly EMI would be:
EMI = ₹ {3500000 x 0.00615 x (1 + 0.00615)^240} / {(1 + 0.00615)^240-1} = ₹27,961
Loan Amount
Rate of Interest (P.a)
%
Loan Tenure (Years)
Years
Monthly EMI
0
Total Interest
Total Amount
Years | Opening Balance | EMI * 12 | Interest | Principal | Closing Balance |
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Enjoy attractive interest rates starting at 8.74% p.a. with flexible EMI options.
Jun 21
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!
May 31
Want to prepay home loan? Here's how to prepay your home loan, RBI rules & calculate prepayment loan EMI in simple steps.
Sep 02
Home loan interest rates, additional fees & charges vary across banks & NBFCs. Click here to get the list of home loan interest rates.
Jun 21
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!
May 31
Want to prepay home loan? Here's how to prepay your home loan, RBI rules & calculate prepayment loan EMI in simple steps.
Sep 02
Home loan interest rates, additional fees & charges vary across banks & NBFCs. Click here to get the list of home loan interest rates.