✓ Home Loan from ₹2 Lakhs to ₹15 Crores ✓ Interest Rates Starting @ 7.99% Check Offer

If you are looking to get a home loan of ₹60 Lakhs, checking the payable EMI amount is crucial. It impacts the aggregate cost of the loan as well as the strain the repayment puts on your finances. Two major factors that play a role in determining the instalment amount are the interest rate and tenure.

The former is usually decided by the lender based on your loan eligibility. Meanwhile, you may be able to negotiate for a tenure that suits your needs. But, how does the loan duration affect your monthly instalments?

EMI for a Home Loan of ₹60 Lakhs for Various Tenures

Let’s understand this with an example. Consider the interest rate for your home loan of ₹60 Lakhs is set at 9% p.a. In this case, the EMI over tenures ranging from 10 to 30 may be as follows:

Tenure

EMI

30 Years

₹48,277

25 Years

₹50,351

20 Years

₹53,984

15 Years

₹60,856

10 Years

₹76,005

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

₹60 Lakhs Home Loan EMI Calculator

Loan Amount
₹ 1 L
₹ 15 L
₹ 1.5 Cr
₹ 15 Cr
Tenure
Months
12 M
246 M
480 M
Rate of Interest
6.00%
10.50%
15.00%
Home Loan
Your Monthly Home Loan EMI
₹76,005.46
Principal Amount
₹60,00,000
Total Interest
₹31,20,655.71
Total Amount Payable
₹91,20,655.71
Amortization Schedule
Download Amortization Schedule Download
Expand Amortization Schedule
Year Payable Amount Principal Interest Balance
2025 ₹ 5,32,035 ₹ 2,21,982 ₹ 3,10,054 ₹ 57,78,017
Jun₹ 76,005₹ 31,005₹ 45,000₹ 59,68,995
Jul₹ 76,005₹ 31,238₹ 44,767₹ 59,37,757
Aug₹ 76,005₹ 31,472₹ 44,533₹ 59,06,284
Sep₹ 76,005₹ 31,708₹ 44,297₹ 58,74,576
Oct₹ 76,005₹ 31,946₹ 44,059₹ 58,42,630
Nov₹ 76,005₹ 32,186₹ 43,820₹ 58,10,444
Dec₹ 76,005₹ 32,427₹ 43,578₹ 57,78,017
2026 ₹ 9,12,060 ₹ 4,08,627 ₹ 5,03,438 ₹ 53,69,390
Jan₹ 76,005₹ 32,670₹ 43,335₹ 57,45,347
Feb₹ 76,005₹ 32,915₹ 43,090₹ 57,12,431
Mar₹ 76,005₹ 33,162₹ 42,843₹ 56,79,269
Apr₹ 76,005₹ 33,411₹ 42,595₹ 56,45,858
May₹ 76,005₹ 33,662₹ 42,344₹ 56,12,197
Jun₹ 76,005₹ 33,914₹ 42,091₹ 55,78,283
Jul₹ 76,005₹ 34,168₹ 41,837₹ 55,44,114
Aug₹ 76,005₹ 34,425₹ 41,581₹ 55,09,690
Sep₹ 76,005₹ 34,683₹ 41,323₹ 54,75,007
Oct₹ 76,005₹ 34,943₹ 41,063₹ 54,40,064
Nov₹ 76,005₹ 35,205₹ 40,800₹ 54,04,859
Dec₹ 76,005₹ 35,469₹ 40,536₹ 53,69,390
2027 ₹ 9,12,060 ₹ 4,46,958 ₹ 4,65,105 ₹ 49,22,431
Jan₹ 76,005₹ 35,735₹ 40,270₹ 53,33,655
Feb₹ 76,005₹ 36,003₹ 40,002₹ 52,97,652
Mar₹ 76,005₹ 36,273₹ 39,732₹ 52,61,379
Apr₹ 76,005₹ 36,545₹ 39,460₹ 52,24,834
May₹ 76,005₹ 36,819₹ 39,186₹ 51,88,014
Jun₹ 76,005₹ 37,095₹ 38,910₹ 51,50,919
Jul₹ 76,005₹ 37,374₹ 38,632₹ 51,13,545
Aug₹ 76,005₹ 37,654₹ 38,352₹ 50,75,892
Sep₹ 76,005₹ 37,936₹ 38,069₹ 50,37,955
Oct₹ 76,005₹ 38,221₹ 37,785₹ 49,99,735
Nov₹ 76,005₹ 38,507₹ 37,498₹ 49,61,227
Dec₹ 76,005₹ 38,796₹ 37,209₹ 49,22,431
2028 ₹ 9,12,060 ₹ 4,88,886 ₹ 4,23,178 ₹ 44,33,544
Jan₹ 76,005₹ 39,087₹ 36,918₹ 48,83,344
Feb₹ 76,005₹ 39,380₹ 36,625₹ 48,43,963
Mar₹ 76,005₹ 39,676₹ 36,330₹ 48,04,287
Apr₹ 76,005₹ 39,973₹ 36,032₹ 47,64,314
May₹ 76,005₹ 40,273₹ 35,732₹ 47,24,041
Jun₹ 76,005₹ 40,575₹ 35,430₹ 46,83,466
Jul₹ 76,005₹ 40,879₹ 35,126₹ 46,42,586
Aug₹ 76,005₹ 41,186₹ 34,819₹ 46,01,400
Sep₹ 76,005₹ 41,495₹ 34,511₹ 45,59,905
Oct₹ 76,005₹ 41,806₹ 34,199₹ 45,18,099
Nov₹ 76,005₹ 42,120₹ 33,886₹ 44,75,980
Dec₹ 76,005₹ 42,436₹ 33,570₹ 44,33,544
2029 ₹ 9,12,060 ₹ 5,34,748 ₹ 3,77,318 ₹ 38,98,796
Jan₹ 76,005₹ 42,754₹ 33,252₹ 43,90,790
Feb₹ 76,005₹ 43,075₹ 32,931₹ 43,47,716
Mar₹ 76,005₹ 43,398₹ 32,608₹ 43,04,318
Apr₹ 76,005₹ 43,723₹ 32,282₹ 42,60,595
May₹ 76,005₹ 44,051₹ 31,954₹ 42,16,544
Jun₹ 76,005₹ 44,381₹ 31,624₹ 41,72,163
Jul₹ 76,005₹ 44,714₹ 31,291₹ 41,27,448
Aug₹ 76,005₹ 45,050₹ 30,956₹ 40,82,399
Sep₹ 76,005₹ 45,387₹ 30,618₹ 40,37,011
Oct₹ 76,005₹ 45,728₹ 30,278₹ 39,91,283
Nov₹ 76,005₹ 46,071₹ 29,935₹ 39,45,212
Dec₹ 76,005₹ 46,416₹ 29,589₹ 38,98,796
2030 ₹ 9,12,060 ₹ 5,84,912 ₹ 3,27,155 ₹ 33,13,885
Jan₹ 76,005₹ 46,764₹ 29,241₹ 38,52,032
Feb₹ 76,005₹ 47,115₹ 28,890₹ 38,04,916
Mar₹ 76,005₹ 47,469₹ 28,537₹ 37,57,448
Apr₹ 76,005₹ 47,825₹ 28,181₹ 37,09,623
May₹ 76,005₹ 48,183₹ 27,822₹ 36,61,440
Jun₹ 76,005₹ 48,545₹ 27,461₹ 36,12,895
Jul₹ 76,005₹ 48,909₹ 27,097₹ 35,63,986
Aug₹ 76,005₹ 49,276₹ 26,730₹ 35,14,711
Sep₹ 76,005₹ 49,645₹ 26,360₹ 34,65,066
Oct₹ 76,005₹ 50,017₹ 25,988₹ 34,15,048
Nov₹ 76,005₹ 50,393₹ 25,613₹ 33,64,656
Dec₹ 76,005₹ 50,771₹ 25,235₹ 33,13,885
2031 ₹ 9,12,060 ₹ 6,39,778 ₹ 2,72,287 ₹ 26,74,106
Jan₹ 76,005₹ 51,151₹ 24,854₹ 32,62,734
Feb₹ 76,005₹ 51,535₹ 24,471₹ 32,11,199
Mar₹ 76,005₹ 51,921₹ 24,084₹ 31,59,277
Apr₹ 76,005₹ 52,311₹ 23,695₹ 31,06,967
May₹ 76,005₹ 52,703₹ 23,302₹ 30,54,263
Jun₹ 76,005₹ 53,098₹ 22,907₹ 30,01,165
Jul₹ 76,005₹ 53,497₹ 22,509₹ 29,47,668
Aug₹ 76,005₹ 53,898₹ 22,108₹ 28,93,770
Sep₹ 76,005₹ 54,302₹ 21,703₹ 28,39,468
Oct₹ 76,005₹ 54,709₹ 21,296₹ 27,84,759
Nov₹ 76,005₹ 55,120₹ 20,886₹ 27,29,639
Dec₹ 76,005₹ 55,533₹ 20,472₹ 26,74,106
2032 ₹ 9,12,060 ₹ 6,99,795 ₹ 2,12,269 ₹ 19,74,310
Jan₹ 76,005₹ 55,950₹ 20,056₹ 26,18,156
Feb₹ 76,005₹ 56,369₹ 19,636₹ 25,61,787
Mar₹ 76,005₹ 56,792₹ 19,213₹ 25,04,995
Apr₹ 76,005₹ 57,218₹ 18,787₹ 24,47,777
May₹ 76,005₹ 57,647₹ 18,358₹ 23,90,129
Jun₹ 76,005₹ 58,079₹ 17,926₹ 23,32,050
Jul₹ 76,005₹ 58,515₹ 17,490₹ 22,73,535
Aug₹ 76,005₹ 58,954₹ 17,052₹ 22,14,581
Sep₹ 76,005₹ 59,396₹ 16,609₹ 21,55,185
Oct₹ 76,005₹ 59,842₹ 16,164₹ 20,95,343
Nov₹ 76,005₹ 60,290₹ 15,715₹ 20,35,053
Dec₹ 76,005₹ 60,743₹ 15,263₹ 19,74,310
2033 ₹ 9,12,060 ₹ 7,65,441 ₹ 1,46,624 ₹ 12,08,869
Jan₹ 76,005₹ 61,198₹ 14,807₹ 19,13,112
Feb₹ 76,005₹ 61,657₹ 14,348₹ 18,51,455
Mar₹ 76,005₹ 62,120₹ 13,886₹ 17,89,336
Apr₹ 76,005₹ 62,585₹ 13,420₹ 17,26,750
May₹ 76,005₹ 63,055₹ 12,951₹ 16,63,695
Jun₹ 76,005₹ 63,528₹ 12,478₹ 16,00,168
Jul₹ 76,005₹ 64,004₹ 12,001₹ 15,36,163
Aug₹ 76,005₹ 64,484₹ 11,521₹ 14,71,679
Sep₹ 76,005₹ 64,968₹ 11,038₹ 14,06,711
Oct₹ 76,005₹ 65,455₹ 10,550₹ 13,41,256
Nov₹ 76,005₹ 65,946₹ 10,059₹ 12,75,310
Dec₹ 76,005₹ 66,441₹ 9,565₹ 12,08,869
2034 ₹ 9,12,060 ₹ 8,37,243 ₹ 74,820 ₹ 3,71,625
Jan₹ 76,005₹ 66,939₹ 9,067₹ 11,41,930
Feb₹ 76,005₹ 67,441₹ 8,564₹ 10,74,489
Mar₹ 76,005₹ 67,947₹ 8,059₹ 10,06,543
Apr₹ 76,005₹ 68,456₹ 7,549₹ 9,38,086
May₹ 76,005₹ 68,970₹ 7,036₹ 8,69,116
Jun₹ 76,005₹ 69,487₹ 6,518₹ 7,99,629
Jul₹ 76,005₹ 70,008₹ 5,997₹ 7,29,621
Aug₹ 76,005₹ 70,533₹ 5,472₹ 6,59,088
Sep₹ 76,005₹ 71,062₹ 4,943₹ 5,88,026
Oct₹ 76,005₹ 71,595₹ 4,410₹ 5,16,430
Nov₹ 76,005₹ 72,132₹ 3,873₹ 4,44,298
Dec₹ 76,005₹ 72,673₹ 3,332₹ 3,71,625
2035 ₹ 3,80,025 ₹ 3,71,624 ₹ 8,403 ₹ 0
Jan₹ 76,005₹ 73,218₹ 2,787₹ 2,98,407
Feb₹ 76,005₹ 73,767₹ 2,238₹ 2,24,639
Mar₹ 76,005₹ 74,321₹ 1,685₹ 1,50,318
Apr₹ 76,005₹ 74,878₹ 1,127₹ 75,440
May₹ 76,005₹ 75,440₹ 566₹ 0

Detailed Breakup of Home Loan of ₹60 Lakhs for 10 Years

Consider the following table to check the probable cost of your home loan if the tenure is set at 10 years:

Loan Amount

₹60 Lakhs

Interest Rate

9% p.a.

Loan Tenure

10 Years

EMI

₹76,005

Total Interest

₹29,84,836

Total Repayment

₹89,84,836

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

Detailed Breakup of Home Loan of ₹60 Lakhs for 20 Years

While the ₹60 Lakh home loan EMI for 20 years may be lower, the interest outgo is far higher. Here are the details:

Loan Amount

₹60 Lakhs

Interest Rate

9% p.a.

Loan Tenure

20 Years

EMI

₹53,984

Total Interest

₹66,33,708

Total Repayment

₹1,26,33,708 

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

Detailed Breakup of Home Loan of ₹60 Lakhs for 30 Years

The EMI and repayment costs of a home loan of ₹60 Lakhs with a tenure of 30 years are as follows:

Loan Amount

₹60 Lakhs

Interest Rate

9% p.a.

Loan Tenure

30 Years

EMI

₹48,277

Total Interest

₹1,13,79,848

Total Repayment

₹1,73,79,848

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

Lenders Offering Home Loans of ₹60 Lakhs

Lenders

Starting Interest Rate

PNB Housing Finance

8.50% p.a.

Bajaj Housing Finance Limited

8.55% p.a.

LIC Housing Finance

8.65% p.a.

ICICI Bank

9.00% 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 ₹60 Lakh Home Loan

You should meet the eligibility criteria listed below to qualify for a home loan to qualify for a home loan of ₹60 Lakhs:

  • Indian citizenship

  • For salaried applicants

    • Age: 23 to 62 years

    • Work experience: At least 3 years

  • For self-employed applicants

    • Age: 25 to 70 years 

    • Business vintage: At least 5 years

Also, you will be asked to provide the documents listed below:

  • Identity proof: Aadhaar card, PAN card, voter ID, driving licence, etc.

  • Address proof: Aadhaar card, passport, utility bills, etc.

  • Income proof:

    • For Self-employed: 

      • Certificates proving their qualification for self-employed professionals

      • TDS certificate

      • Business licence details

      • Latest balance sheet of the business, audited by a certified CA

      • Profit and loss statement of the previous 3 years

      • ITR filings of the previous 2 years

    • For Salaried:

      • Form 16

      • ITR filings of the previous 2 years

      • Salary slips of the previous 3 months

You may be required to provide some additional documents depending on the lender’s requirements. Be sure to ask your chosen lender’s complete set of eligibility and documentation requirements before applying for the loan.

FAQs on ₹60 Lakh Home Loan EMI

How much EMI will I have to pay if the home loan amount ranges between ₹30 Lakhs to ₹60 Lakhs?

The EMI of your home loan amount between ₹30 Lakhs to ₹60 Lakhs depends on the interest rate and the tenure of your housing loan. With a loan amount of ₹30 Lakhs and a tenure of 20 years, the EMI at an interest rate of 8.50% will amount to ₹26,320. With the same interest rate and tenure, the loan for ₹60 Lakhs will amount to ₹52,640.

How much EMI will I have to pay if the home loan amount ranges between ₹61 Lakhs to ₹1 Crore?

With the loan amount of ₹61 Lakhs and the tenure of 20 years, the housing loan EMI at an interest rate of 8.65% will amount to ₹53,518. If the loan amount is ₹1 Cr and the tenure and interest rate remain the same, the EMI will be ₹87,734.

Can I get a ₹60 Lakh home loan without any security?

Getting a ₹60 Lakh home loan without any collateral is not possible as you are required to pledge your home as collateral in order to get funds.

What is the maximum repayment period I can get for a ₹60 Lakh home loan?

Depending on the lender, you can choose a tenure that ranges up to 30 years. Remember, selecting a longer repayment tenure can be advantageous as it can reduce the EMI on ₹60 Lakh home loan.

What is the minimum salary I need to have to get a ₹60 Lakh home loan?

The minimum salary needed to get this loan will depend on the lender and the tenure you choose, as it affects your EMI. For instance, if you decide to opt for a 10-year home loan with an interest rate of 8.65%, your EMIs will be ₹74,874. 

In such a case, you would need to maintain an income of at least ₹1.5 Lakhs, to comfortably qualify for the loan. This is because lenders prefer you to have a debt-to-income ratio of 50% or lower.

Can I get a home loan of ₹60 Lakhs even if I have a low credit score?

Yes, it is possible to get a home loan of ₹60 Lakhs even if you have a low credit score. However, in such cases, most lenders offer high interest rates or limited repayment options. Thus, having a good score is essential to boost your loan eligibility and get a loan offer that suits your needs and preferences.

Home
active_tab
Loan Offer
active_tab
CIBIL Score
active_tab
Download App
active_tab