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BAJAJ FINSERV DIRECT LIMITED

₹45 Lakh Home Loan EMI

Know more about the EMIs payable on a home loan of ₹45 Lakhs

Your Monthly Loan EMI

₹ 56,155

Total Interest

₹ 2,238,626

Principal Amount

₹ 45,00,000

Total Payable Amount

₹ 67,38,626

Loan Amount

Interest Rate

- +

Tenure

- +

Check Eligibility

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

With a home loan of ₹45 Lakhs, you can comfortably purchase the house of your dreams. Today, you can easily access a home loan of this amount online in a few clicks with the relevant documents at hand. Based on your means, age, years left to retirement and budget, you can choose various tenures over which to repay your ₹45 Lakh home loan EMIs.

EMI for a Home Loan of ₹45 Lakhs for Various Tenures

It is important to know the EMI you will be required to pay based on your choice of tenure. Here is an overview of the different EMIs you may be asked to pay based on the duration if the interest rate is set at 8.65% p.a.:

Tenure	EMI
10 years	₹56,155
15 years	₹44,710
20 years	₹39,480
25 years	₹36,691
30 years	₹35,081

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

Detailed Breakup of Home Loan of ₹45 Lakhs for 10 Years

The following provides a quick look at the probable EMI for a home loan of ₹45 Lakhs with a 10-year tenure:

Loan Amount	₹45 Lakhs
Interest Rate	8.65% p.a.
Loan Tenure	10 Years
EMI	₹56,155
Total Interest	₹22,38,631
Total Repayment	₹67,38,631

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

Detailed Breakup of Home Loan of ₹45 Lakhs for 20 Years

Here is what the EMI for a home loan of ₹45 Lakhs may look like when you choose a 20-year tenure:

Loan Amount	₹45 Lakhs
Interest Rate	8.65% p.a.
Loan Tenure	20 Years
EMI	₹39,480
Total Interest	₹49,75,281
Total Repayment	₹94,75,281

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

Detailed Breakup of Home Loan of ₹45 Lakhs for 30 Years

The table below provides a probable breakdown of your loan costs when the tenure is set at 30 years:

Loan Amount	₹45 Lakhs
Interest Rate	8.65% p.a.
Loan Tenure	30 Years
EMI	₹35,081
Total Payable Interest	₹81,29,020
Total Repayment Amount	₹1,26,29,020

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

Lenders Offering Home Loans of ₹45 Lakhs

Lenders	Starting Interest Rate
PNB Housing Finance	8.50% p.a.
Union Bank of India	8.50% p.a.
Bajaj Housing Finance Limited	8.55% p.a.
L&T Finance	8.60% p.a.
LIC Housing Finance	8.65% p.a.
ICICI Bank	9.00% p.a.
Kotak Mahindra Bank	9.00% p.a.
Home First Finance Company	9.00% p.a.
Shubham Housing Finance	9.90% p.a.
Shriram Housing Finance	11.50% p.a.

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

Eligibility Criteria & Documents Required for a ₹45 Lakh Home Loan

Here are some requirements most lenders need you to fulfil to be eligible for a home loan of ₹45 Lakhs:

You must be an Indian citizen and resident
For self-employed applicants
- Age: 25 to 70 years
- Business vintage: At least 5 years
For salaried applicants
- Age: 23 to 62 years
- Work experience: At least 3 years
Also, submit the documents listed below:
KYC Documents:
- Proof of Address: Aadhaar card, passport, utility bills, etc.
- Proof of Identity: Aadhaar card, PAN card, voter ID, driving licence, etc.
Proof of Income:
- For Self-employed:
  - Business licence details
  - TDS certificate
  - Profit and loss statement of the previous 3 years
  - ITR filings of the previous 2 years
  - Latest balance sheet of the business, audited by a certified CA
  - Certificates proving their qualification for self-employed professionals
- For Salaried:
  - Form 16
  - Salary slips of the previous 3 months
  - ITR filings of the previous 2 years

Other Home Loan EMI Options
10 Lakh Housing Loan EMI	15 Lakh Housing Loan EMI
20 Lakh Housing Loan EMI	25 Lakh Housing Loan EMI
30 Lakh Housing Loan EMI	40 Lakh Housing Loan EMI
50 Lakh Housing Loan EMI	1 Crore Housing Loan EMI

Frequently Asked Questions

How much EMI will I have to pay if the home loan amount is ₹45 Lakhs?

The EMI on a ₹45 Lakh loan for a tenure of 5 years at an interest rate of 8.85% would be ₹93,085. For a tenure of 20 years, the EMI will be ₹40,055. The tenure and interest rate affects your ₹45 Lakh home loan EMI.

How much interest will I have to pay for a ₹45 Lakh Home Loan?

The interest on a ₹45 Lakh home loan varies from bank to bank. The interest rate you get also depends on your credit history, tenure and amount of the loan.

Can I get a ₹45 Lakh home loan without any security?

No, since home loans are secured, you cannot get a home loan for ₹45 Lakhs without any security.

What is the maximum repayment tenure I can go for in the case of a ₹45 Lakh home loan?

You can get a home loan for a maximum repayment term of 30 years. This tenure thus results in the lowest EMI for home loans of ₹45 Lakhs.

What is the minimum salary I need to have to get a ₹45 Lakh home loan?

The minimum salary for a loan of ₹45 Lakhs depends on the lender. Usually, lenders may require you to earn around ₹55,000.

I have a low credit score. Can I still get a home loan of ₹45 Lakhs?

Yes. This is because the CIBIL score requirements for a home loan are usually lenient. However, the loan terms offered may be unfavourable in this case. The interest rates might be high or the tenure shorter. So, try to improve your credit score before applying for a home loan of ₹45 Lakhs.

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₹45 Lakh Home Loan EMI

EMI for a Home Loan of ₹45 Lakhs for Various Tenures

Detailed Breakup of Home Loan of ₹45 Lakhs for 10 Years

Detailed Breakup of Home Loan of ₹45 Lakhs for 20 Years

Detailed Breakup of Home Loan of ₹45 Lakhs for 30 Years

Lenders Offering Home Loans of ₹45 Lakhs

Eligibility Criteria & Documents Required for a ₹45 Lakh Home Loan

KYC Documents:

Proof of Income:

Frequently Asked Questions

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