EMI for a Home Loan of ₹70 Lakhs

Find out the EMI for a home loan of ₹70 Lakhs and plan your repayment effectively

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Getting a home loan of ₹70 Lakhs to purchase your dream house is a significant decision and requires strategic planning. Calculating the loan EMI well in advance helps you zero in on suitable loan terms, enabling you to manage your repayment hassle free.

For better financial management, you can use an EMI calculator to compute the EMI for a home loan of ₹70 Lakhs across various tenures. Enter the interest rate, loan amount, and tenure to calculate the EMI instantly.

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Year	EMI	Principal	Interest	Balance

EMI for a Home Loan of ₹70 Lakhs for Various Tenures

Check out this table and see how the ₹70 Lakhs home loan EMI varies across different tenures.

Loan Amount	Interest Rate	Repayment Tenure	EMI Amount
₹70 Lakhs	8.50% p.a.	10 Years	₹86,790
₹70 Lakhs	8.50% p.a.	20 Years	₹60,748
₹70 Lakhs	8.50% p.a.	25 Years	₹56,366
₹70 Lakhs	8.50% p.a.	30 Years	₹53,824

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

Home Loan EMI for 10 Years

Here is the calculation of EMI for a home loan of ₹70 Lakhs for 10 years.

Loan Amount	₹70 Lakhs
Interest Rate	8.50% p.a.
Loan Tenure	10 Years
EMI Amount	₹86,790
Total Interest Payable	₹34,14,798
Total Payable Amount	₹1,04,14,798

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

Home Loan EMI for 20 Years

Check out this table to know the EMI for a home loan of ₹70 Lakhs for 20 years.

Loan Amount	₹70 Lakhs
Interest Rate	8.50% p.a.
Loan Tenure	20 Years
EMI Amount	₹60,748
Total Interest Payable	₹75,79,430
Total Payable Amount	₹1,45,79,430

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

Home Loan EMI for 30 Years

This table includes the calculation of EMI for a home loan of ₹70 Lakhs for 30 years:

Loan Amount	₹70 Lakhs
Interest Rate	8.50% p.a.
Loan Tenure	30 Years
EMI Amount	₹53,824
Total Interest Payable	₹1,23,76,620
Total Payable Amount	₹1,93,76,620

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

Other Home Loan EMI Options

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

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What will be the EMI for a home loan of ₹70 Lakhs for 10 years?

The EMI will be approximately ₹86,790 at an interest rate of 8.50% p.a.

What is the EMI if I choose a tenure of 20 years?

With an interest rate of 8.50% p.a., the EMI for a home loan of ₹70 Lakhs for 20 years will amount to approximately ₹60,748.

What will be the home loan EMI for a tenure of 25 years?

For a repayment tenure of 25 years, the EMI for a home loan of ₹70 Lakhs will be approximately ₹56,366 at an interest rate of 8.50% p.a.

What will be the EMI when I opt for a home loan of ₹70 Lakhs?

The EMI amount for a home loan of ₹70 Lakhs will depend on the interest rate and the tenure you choose. For instance, the EMI calculation for a home loan of ₹70 Lakhs for 10 years at an interest rate of 8.50% p.a. will amount to ₹86,790.

Can I get a home loan of ₹70 Lakhs with a low credit score?

Yes, you can get a housing loan from some banks and NBFCs even with a low credit score. However, you must remember that the interest rate for a home loan of ₹70 Lakhs may be higher if your score is low.