₹1 Crore Home Loan EMI

Plan your repayments better by using a ₹1 Crore home loan EMI calculator before applying for a home loan of ₹1 Crore. This helps you estimate the EMI in advance and choose a suitable tenure and repayment structure.

For example, taking a home loan for ₹1 Crore at 7.15% p.a. for 360 months, results in an estimated Equated Monthly Installment (EMI) of around ₹67,540. Over the entire tenure, the interest payable would be approximately ₹1.43 Crores, taking the total repayment to nearly ₹2.43 Crores.

You can calculate your Home Loan EMI using the given formula:

EMI = [P × R × (1+R)^N] / [(1+R)^N – 1]

Where:

• P = Loan amount

• R = Monthly interest rate (Annual interest rate ÷ 12 ÷ 100)

• N = Loan tenure in months

For example, when you borrow ₹1 Crore from a lender on Bajaj Markets at an annual interest rate of 8.85% for 6 years, your EMI calculation for ₹1 Crore home loan comes to approximately ₹1.79 Lakhs. You have to pay a total interest of ₹29.25 Lakhs bringing the overall repayment amount to ₹1.29 Crore.

However, manual calculations can be time-consuming and error-prone. Therefore, instead of performing manual calculations for monthly EMIs, use our house loan EMI calculator online to save time and quickly compare results for different values.

The EMI for a ₹1 Crore home loan varies based on the loan tenure. Check the table below to see approximate EMI amounts for tenures ranging from 10 to 30 years at an interest rate of 8.85% p.a.

Disclaimer: The values mentioned above are indicative. Check the actual payable EMIs with your lender before applying.

₹1 Crore Home Loan EMI for 5 Years

Here is a breakdown of the ₹1 Crore home loan EMI, total interest charges, etc., for a tenure of 5 years:

Disclaimer: The values mentioned above are indicative. Check the actual payable EMIs with your lender before applying.

₹1 Crore Home Loan EMI for 10 Years

Here is a breakdown of the EMI on home loan of ₹1 Crore and other details for a tenure of 10 years:

Disclaimer: The values mentioned above are indicative. Check the actual payable EMIs with your lender before applying.

₹1 Crore Home Loan EMI for 15 Years

Here are the details of the total interest charges and total payable amount for an EMI of ₹1 Crore home loan for 15 years:

Disclaimer: The values mentioned above are indicative. Check the actual payable EMIs with your lender before applying.

₹1 Crore Home Loan EMI for 20 Years

The following table provides the total interest charges and total payable amount for a monthly EMI for ₹1 Crore home loan, with a tenure of 20 years:

Disclaimer: The values mentioned above are indicative. Check the actual payable EMIs with your lender before applying.

₹1 Crore Home Loan EMI for 25 Years

Here is an overview of the total interest charges and total payable amount for a ₹1 Crore home loan EMI for 25 years:

Disclaimer: The values mentioned above are indicative. Check the actual payable EMIs with your lender before applying.

₹1 Crore Home Loan EMI for 30 Years

Here is an overview of the total interest charges and total payable amount for a ₹1 Crore home loan EMI for 30 years:

Disclaimer: The values mentioned above are indicative. Check the actual payable EMIs with your lender before applying.

On Bajaj Markets, you can compare home loan offers from multiple lenders along with their respective interest rates and credit terms. The table below provides a comparative overview of lenders offering a ₹1 Crore home loan, helping you evaluate suitable options based on the available terms.

Note: The information on this page, including any “Top” or “Best” lists, is based on data from our Partner institutions and objective parameters such as interest rates, loan amounts, tenure, and other factual criteria. These lists are not exhaustive and do not cover the entire market. We do not claim that featured products are universally the best or suitable for everyone. Details are accurate as of the date shown and may change without notice. Rankings are for informational purposes only and do not constitute financial advice or personal recommendations. They should not be considered endorsements or guarantees of suitability. Bajaj Markets operates as a neutral marketplace and shall not be liable for any loss or damage arising from reliance on this information.

Bajaj Markets helps simplify the process of obtaining a ₹1 Crore home loan by curating a list of varying loan options from different lenders on one single platform. The portal offers several features that make the borrowing process more convenient. The core features and benefits include the following:

• Substantial Loan Amount: Access funding of up to ₹15 Crores through lending partners available on Bajaj Markets, suitable for purchasing a home or financing construction
• Competitive Interest Rates: Home loan interest rates start from hlminint p.a., helping keep the cost of borrowing relatively affordable
• Zero Prepayment or Foreclosure Charges: Borrowers can partially or fully repay the loan before the tenure ends without paying additional charges
• Flexible Repayment Tenure: Choose a repayment tenure of up to 32 years (384 months) to manage EMIs comfortably
• Minimal Documentation: The application process requires limited paperwork, making the loan application quicker and more convenient
• Quick Approval and Disbursal: Loan approvals and fund disbursals are processed quickly to help complete your home purchase without long delays
• Transparent Loan Terms: Lenders provide clear terms and conditions, helping borrowers understand the charges and repayment structure beforehand

The eligibility criteria for a ₹1 Crore home loan generally consists of:

• Residential Status: Applicants must be Indian residents
• Age Requirement (Salaried): Salaried individuals should be between 21 and 67 years of age
• Age Requirement (Self-employed): Self-employed individuals must be between 23 and 70 years of age
• Work Experience: Salaried professionals should have a minimum of 3 years of work experience
• Business Continuity: Self-employed applicants should demonstrate at least 5 years of successful business operations
• Credit Score: A higher credit score improves your chances of getting better home loan terms. Most lenders generally prefer a Credit Information Bureau (India) Limited (CIBIL) score of 700 or above when applying for a home loan
• Income Stability: Your income should be adequate to comfortably manage the EMI payments along with other financial commitments

Once you meet the eligibility requirements for a ₹1 Crore home loan, keeping the required documents ready can help speed up the application and approval process.

• Identity Proof: Permanent Account Number (PAN) card, Aadhaar card, voter ID, or driving licence
• Address Proof: Aadhaar card, passport, or recent utility bills such as electricity, water, or gas bills
• Income Documents (Salaried): Salary slips for the last 3 months, Form 16, and Income Tax Returns (ITR) for the past 2 years
• Income Documents (Self-employed): ITR for the past 2 years, audited balance sheet certified by a Chartered Accountant (CA), profit and loss statements for the last 3 years, professional qualification certificates, business licence details, and Tax Deducted at Source (TDS) certificates

To apply for a ₹1 Crore home loan through Bajaj Markets, compare lender terms and select a suitable option based on your needs. Follow the steps below to begin the application process:

1. Visit Bajaj Markets using this link: https://www.bajajfinservmarkets.in/home-loan

1. Enter the loan amount (₹1 Crore) along with your preferred repayment tenure and income details

2. Compare interest rates, EMIs, and eligibility criteria from across 20+ lenders available on the portal

3. Choose the loan offer that suits your needs and complete the online Know Your Customer (KYC) using Aadhaar and PAN

4. Upload the required documents to receive provisional approval

5. Once approved, complete the property valuation and sign the e-agreement for loan disbursal

Before opting for a ₹1 Crore home loan, it is important to evaluate whether the repayment fits comfortably within your financial plan. Furthermore, missing repayments can negatively affect your credit profile and future borrowing ability. Therefore, consider the following factors, before applying for a home loan:

• EMI Affordability: Check whether your monthly income can cover the EMI, along with existing expenses and financial obligations
• Interest Rate Type: Decide between a fixed or floating ₹1 Crore home loan interest rate, as this will influence the total interest payable over time
• Loan Tenure Selection: A longer tenure reduces the EMI amount but increases the overall interest cost during the loan period
• Credit Profile: Maintaining a strong credit history improves approval chances and may help you obtain better loan terms
• Down Payment and Additional Charges: Be prepared for the upfront payment of a certain percentage of the property value as a down payment, along with expenses like processing fees, legal charges, and other property-related costs
• Future Financial Commitments: Factor in upcoming expenses such as education, investments, or other long-term financial goals before finalising the loan