header search
My Account Customer Portal
EMI EMI Card
Download Download
ONDC_Header_Steal Deals Steal Deals
BAJAJ FINSERV DIRECT LIMITED
Hi Guest
Customer Portal Shopping Customer Care My Report
Logout

₹15 Lakh Home Loan EMI

Know the EMI for a home loan of ₹15 Lakhs to borrow within your budget.
Your Monthly Loan EMI
₹ 17,766
Total Interest

₹ 631,937

Principal Amount

₹ 15,00,000

Total Payable Amount

₹ 21,31,937

Loan Amount i
Interest Rate
- +
Min value reached
Max value reached
Tenure
Months arrow-down-img
  • Years
- +
Min value reached
Max value reached
Check Eligibility

You can easily compare Home Loan offers from multiple lenders on Bajaj Markets.

...

This platform also provides a clear view of the total interest payable and the overall repayment amount, enabling you to plan your finances and budget more efficiently.

 Read More

Getting a home loan of ₹15 Lakhs needs proper financial planning. Once you calculate the EMIs for a ₹15 Lakh home loan, you are in a better position to plan your finances and find feasible terms accordingly.

Moreover, it is much easier to find a tenure that allows for a hassle-free repayment process. With an EMI calculator, you can compute the EMI for various loan terms conveniently and find an affordable option that suits your financial needs.

Example: Taking a home loan of ₹15 Lakhs at an interest rate of 7.49% per annum for a tenure of 5 years, your monthly EMI will be approximately ₹30,106. Over the loan period, the total interest payable would be around ₹3.06 Lakhs.

This means the total repayment amount, including both principal and interest, is approximately ₹18.06 Lakhs.

₹15 Lakh Home Loan EMI for Different Tenures

Considering that tenure is a factor that affects your ₹15 Lakh home loan EMI amount, it is helpful to know the specifics. Here is a table that shows how the EMI amount varies as per tenure.

Repayment Tenure

Loan Amount

Interest Rate

EMI Amount

5 Years 

₹15 Lakhs

8.50% p.a.

₹30,775

10 Years

₹15 Lakhs

8.50% p.a.

₹18,598

15 Years

₹15 Lakhs

8.50% p.a.

₹14,771

20 Years

₹15 Lakhs

8.50% p.a.

₹13,017

25 Years

₹15 Lakhs

8.50% p.a.

₹12,078

30 Years

₹15 Lakhs

8.50% p.a.

₹11,534

Disclaimer: The figures mentioned in the above table are indicative. It is imperative to check the actual payable EMIs before applying.

Apply Now

₹15 Lakh Home Loan: EMI and Interest Payable for Various Tenures

The following tables include the calculation of EMI and other payables regarding a home loan of ₹15 Lakhs for different tenures:

₹15 Lakh Home Loan EMI for 5 Years

Check the table below to understand the ₹15 Lakh home Loan EMI for 5 Years:

Loan Amount

₹15 Lakhs

Interest Rate

7.99% p.a.

Tenure 

5 years

EMI Amount

₹30,407

Total Interest Payable

₹3,24,445

Total Amount Payable

₹18,24,445

Disclaimer: The figures mentioned in the above table are indicative. It is imperative to check the actual payable EMIs before applying.

₹15 Lakh Home Loan EMI for 10 Years

Explore the EMI structure for a ₹15 Lakhs home loan EMI for 10 years in the table below:

Loan Amount

₹15 Lakhs

Interest Rate

7.99% p.a.

Tenure 

10 years

EMI Amount

₹18,191

Total Interest Payable

₹6,82,946

Total Amount Payable

₹21,42,946

Disclaimer: The figures mentioned in the above table are indicative. It is imperative to check the actual payable EMIs before applying.

₹15 Lakh Home Loan EMI for 15 Years

Refer to this table for a detailed breakdown of the ₹15 Lakh home Loan EMI for 15 Years:

Loan Amount

₹15 Lakhs

Interest Rate

7.99% p.a.

Tenure 

15 years

EMI Amount

₹14,326

Total Interest Payable

₹10,78,702

Total Amount Payable

₹25,78,702

Disclaimer: The figures mentioned in the above table are indicative. It is imperative to check the actual payable EMIs before applying.

₹15 Lakh Home Loan EMI for 20 Years

View the estimated monthly payments for a ₹15 Lakh home Loan EMI for 20 Years in the chart below:

Loan Amount

₹15 Lakhs

Interest Rate

7.99% p.a.

Tenure 

20 years

EMI Amount

₹12,537

Total Interest Payable

₹15,08,944

Total Amount Payable

₹30,08,944

Disclaimer: The figures mentioned in the above table are indicative. It is imperative to check the actual payable EMIs before applying.

₹15 Lakh Home Loan EMI for 25 Years

Understand your repayment plan better by checking the ₹15 Lakh home Loan EMI for 25 Years.

Loan Amount

₹15 Lakhs

Interest Rate

7.99% p.a.

Tenure 

25 years

EMI Amount

₹11,567

Total Interest Payable

₹19,70,192

Total Amount Payable

₹34,70,192

Disclaimer: The figures mentioned in the above table are indicative. It is imperative to check the actual payable EMIs before applying.

₹15 Lakh Home Loan EMI for 30 Years

Find your estimated monthly amount with a ₹15 Lakh home Loan EMI for 30 Years in the table below:

Loan Amount

₹15 Lakhs

Interest Rate

7.99% p.a.

Tenure 

30 years

EMI Amount

₹10,996

Total Interest Payable

₹24,58,565

Total Amount Payable

₹39,58,565

Disclaimer: The figures mentioned in the above table are indicative. It is imperative to check the actual payable EMIs before applying.

How to Calculate Home Loan EMI for ₹15 Lakh

You can calculate your home Loan EMI using the formula:

EMI = [P x R x (1+R)^N] / [(1+R)^N-1]

Here:

  • P = Principal loan amount

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

  • N = Loan tenure in months

For example, you have taken a home loan of ₹15 Lakhs on Bajaj Markets. Assume the interest rate is 8.50% p.a. and the loan tenure is 5 years. Based on the formula, the EMI comes to ₹30,775. The total interest payable will be ₹3,46,488, and the total repayment amount will be ₹18,46,488.

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.

Interest Rates Offered by Different Lenders

Get a ₹15 lakh home loan from leading financial institutions on Bajaj Markets. The table below presents the EMI and total interest payable on a ₹15 Lakh home loan over a fixed tenure of 5 years. It is calculated as per the interest rates provided by each lender: 

Lender

Interest Rate 

Tenure (Example)

EMI

Total Interest Payable

Bajaj Housing Finance Limited

7.49% p.a.

5 Years

₹30,407

₹3,24,445

PNB Housing Finance

8.50% p.a.

5 Years

₹30,775

₹3,46,488

South Indian Bank

8.50% p.a.

5 Years

₹30,775

₹3,46,488

L&T Finance

8.60% p.a.

5 Years

₹30,847

₹3,50,829

LIC Housing Finance

8.65% p.a.

5 Years

₹30,883

₹3,53,001

Sammaan Capital

8.75% p.a.

5 Years

₹30,956

₹3,57,351

Home First Finance Company

9.00% p.a.

5 Years

₹31,138

₹3,68,252

ICICI Bank

9.00% p.a.

5 Years

₹31,138

₹3,68,252

Kotak Mahindra Bank

9.00% p.a.

5 Years

₹31,138

₹3,68,252

Shubham Housing Finance

9.90% p.a.

5 Years

₹31,797

₹4,07,809

Truhome Finance

11.50% p.a.

5 Years

₹32,989

₹4,79,335

Vridhi Home Finance

12.00% p.a.

5 Years

₹33,367

₹5,02,000

Home First Finance Company

12.00% p.a.

5 Years

₹33,367

₹5,02,000

India Shelter

13.00% p.a.

5 Years 

₹34,130

₹5,47,777

Easy Home Finance

10.50% p.a.

5 Years

₹32,240

₹4,34,451

Disclaimer: The figures mentioned in the above table are indicative. It is imperative to check the actual payable EMIs before applying.

Home Loan EMI on Different Amounts

Frequently Asked Questions

What is the eligibility for a ₹15 Lakh home loan?

To apply for a ₹15 Lakh home loan, ensure you meet the following criteria:

  • You must be an Indian citizen and resident

  • If salaried, your age should be 23–67 years, with at least 3 years of work experience

  • If self-employed, your age should be 23–70 years and must have a business vintage of at least 5 years

Please submit the following documents along with your application:

Identity Proof
Provide any one of the following:

  • PAN card

  • Driving licence

  • Aadhaar card

  • Voter ID

Address Proof
Submit any one of the following:

  • Utility bill

  • Aadhaar card

  • Passport

Income Proof for Salaried Applicants

  • ITR filings for the last 2 years

  • Form 16

  • Salary slips for the last 3 months

Income Proof for Self-employed Applicants

  • Audited balance sheet of the business (latest), certified by a CA

  • ITR filings for the last 2 years

  • Profit and loss statement for the last 3 years

  • Business licence details

  • TDS certificate

  • Degree or qualification certificates (for professionals)

On Bajaj Markets, various lenders offer home loans at interest rates ranging between 7.45% and 13.00% per annum.

On Bajaj Markets, lenders offer a maximum home loan repayment tenure ranging from 12 to 32 years.

Yes, a home loan is a secured loan. The purchased property serves as collateral. This lowers the lender's risk. You can still obtain a loan with a lower credit score. However, lenders may offer less favourable terms, such as higher interest rates or limited repayment options.

It will initially reduce your credit score. You may also incur late payment penalties. It can also increase your overall interest burden.

Yes, lenders usually offer joint home loans to married couples, close family members, and business partners.

The exact amount depends on the lender, so review the specific requirements of your chosen lender.

Follow these steps to apply for a home loan on Bajaj Markets:

  1. Click the ‘Check Offers’ button on this page

  2. Fill in your basic personal details in the online application form

  3. Enter the desired loan amount and repayment tenure

  4. Submit the form for verification

View More
Home
Home
ONDC_BD_StealDeals
Steal Deals
Free CIBIL Score
CIBIL Score
Free Cibil
Accounts
Accounts
Explore
Explore

Trending Categories

Loans

Personal Loan, Business Loan, Collateral

arrow
Investment

Fixed Deposit, Mutual Fund, NPS, Demat A/C, SGB

arrow
Insurance

General Insurance, Life Insurance, Term Insurance

arrow
Stock Market

Stocks, IPOs

arrow
Credit Report

Credit Score, Report & Analysis

arrow
ONDC

Smart Phone, Speaker, EarPhone

arrow

Related Calculators

Personal loan EMI Calculator

Home Loan EMI Calculator

Gold Loan EMI Calculator

Business Loan Eligibility Calculator

Our Products

Personal Loan
Pre-approved
Personal Loan
KreditBee
Olyv
Federal Bank
mPokket
15+
Quick Approval
100% Digital Application
Affordable Interest Rates
Business Loan
Lendingkart
IIFL
Indifi
Credit Saison
10+
Popular Choice
No Documentation
4-step Process
Home Loan
Bajaj Housing Finance
ICICI Bank
L&T Finance
Vridhi Home Finance
10+
Flexible Repayment Tenure
High-value Funding
Zero Prepayment Charges
Home Loan Balance Transfer
Shriram Housing Finance
LIC HFL
PNB Housing Finance
Shubham Housing Finance
7+
Top-up Facility
Minimal Paperwork
Hassle-free Process
Two-wheeler Loan
Bajaj Auto Finance
L&T Financial Services
Muthoot Capital
2+
Pre-approved Offers
Easy Cash Options
Flexible Repayment Tenures
Credit Card
Axis Bank
ICICI Bank
RBL Bank
Rupicard
30+
Promotional Offers
Travel Benefits
Rewards Programs
EMI Card
Bajaj Finserv
1
Zero Forecloseure Charges
High Loan Limit
Flexible Tenure
Fixed Deposit
Bajaj Finance
Yes Bank
PNB Housing Finance
Ujjivan Small Finance Bank
5+
Assured Returns
Credit Facility
Tax Benefits
Mutual Fund
Axis Mutual Fund
Edelweiss Mutual Fund
Union Mutual Fund
Kotak Mahindra Mutual Fund
43+
Tax Benefits
Professional Fund Management
Portfolio Diversification
Demat
Bajaj Financial Securities Limited
1
Instant Transfer
Multiple Access
Collateral for Loan
Health Insurance
TATA AIG
ABHI
BAGIC
Care Health Insurance
4
Cost-effective Policies
Easy Comparison
High Coverage
Car Insurance
TATA AIG
SBI General Insurance
HDFC ERGO
Bajaj Allianz
4
Multiple Covers
No-claim Bonus
Cashless Claim Facility
Bike Insurance
SBI General Health Insurance
HDFC ERGO 2W Insurance
Bajaj Allianz Two Wheeler Insurance
3
Efficient Claim Settlements
Low Premiums
No Claim Bonus
Pocket Insurance
One Assist
ABHI
Niva Bupa
Manipal Cigna
7+
Affordable Premiums
Easy Online Application