A ₹10 Lakh home loan is a practical solution to finance your property purchase. Understanding how your EMI varies across different repayment periods helps you manage your finances effectively.

For example:

Taking a home loan of ₹10 Lakhs at an interest rate of 7.99% per annum for a tenure of 10 years, your monthly EMI will be approximately ₹12,128. Over the loan period, the total interest payable would be around ₹4.55 Lakhs.

This means the total repayment amount, including both principal and interest, is ₹14.55 Lakhs.

One of the key factors that influences the amount payable is the repayment tenure. Choosing a longer tenure reduces the EMI amount. However, increasing the length of the tenure also raises the total interest payable.

The table below presents the EMI calculation for a ₹10 Lakh home loan at an interest rate of 7.99% p.a. across different tenures.

Disclaimer: The values mentioned are for illustration only. For precise EMI details, contact your lender.

The EMI amount and total interest payable on a ₹10 Lakh home loan vary based on the tenure selected. Shorter tenures, such as 5 or 10 years, require higher EMIs but result in lower total interest costs. 

Longer tenures, such as 20 or 30 years, reduce the monthly EMI but increase the total interest paid over time. You can calculate the EMIs easily with a ₹10 Lakh home loan calculator. Here is an overview of the results you can expect:

₹10 Lakh Home Loan EMI for 5 Years

The total interest charges and total payable amount of a ₹10 Lakh home loan EMI for 5 years are given in the table:

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

₹10 Lakh Home Loan EMI for 10 Years

Here are the repayment details of a ₹10 Lakh home loan EMI for 10 years:

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

₹10 Lakh Home Loan EMI for 15 Years

Here is the breakdown of a ₹10 Lakh home loan EMI for 15 years:

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

₹10 Lakh Home Loan EMI for 20 Years

The total interest charges and total payable amount of a ₹10 Lakh home loan EMI for 20 years are:

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

₹10 Lakh Home Loan EMI for 25 Years

Here are the details of the payment of EMI for a home loan of ₹10 Lakhs for 25 years:

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

10 Lakh home Loan EMI for 30 Years

Here is the breakdown of a ₹10 Lakh home loan EMI for 30 years:

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

You can calculate your home loan EMI using this simple 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, you borrow ₹10 Lakhs on Bajaj Markets, at an annual interest rate of 7.99% for 54 months. Your EMI comes to around ₹22,108. You pay a total interest of ₹1,93,815. The total repayment amount becomes ₹11,93,815.

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.

On Bajaj Markets, you can easily compare top lenders offering competitive rates. Below is a table showing the estimated EMI and total interest for a ₹10 Lakh home loan. The A ₹10 Lakh home loan is a practical solution to finance your property purchase. Understanding how your EMI varies across different repayment periods helps you manage your finances effectively.

For example:

Taking a home loan of ₹10 Lakhs at an interest rate of 7.99% per annum for a tenure of 10 years, your monthly EMI will be approximately ₹12,128. Over the loan period, the total interest payable would be around ₹4.55 Lakhs.

This means the total repayment amount, including both principal and interest, is ₹14.55 Lakhs.figures are based on a 10-year tenure and lowest interest rates offered by each lender.

Disclaimer: The rates are subject to change at the lender’s discretion.