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₹70 Lakh Home Loan EMI

Get complete details on ₹70 Lakhs home loan EMIs for different tenures. Use an easy EMI calculator to plan your repayment smoothly and manage your finances better.
Your Monthly Loan EMI
₹ 59,220
Total Interest

₹ 2,106,458

Principal Amount

₹ 50,00,000

Total Payable Amount

₹ 71,06,458

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Interest Rate
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Max value reached
Tenure
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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.

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A home loan of ₹70 Lakhs can be easier to manage if you choose the right loan tenure and interest rate. Knowing how your monthly EMI varies with different repayment periods allows you to plan your finances better.

For Example:

If you take a ₹70 Lakh home loan at an interest rate of 7.99% p.a. for a tenure of 8 years, your estimated EMI would be around ₹98,921. Across the loan term, you would pay a total interest of approximately ₹24,96,433. So, your overall repayment, combining principal and interest, would come to about ₹94,96,433.

₹70 Lakh Home Loan EMI for Different Tenures

The EMI for a ₹70 Lakh home loan varies based on the loan tenure. Check the table below to see approximate EMI amounts for tenures ranging from 5 to 30 years at an interest rate of 7.99% p.a.

Tenure

Loan Amount

Interest Rate

EMI Amount

5 years 

₹70 Lakhs

7.99% p.a.

₹1,41,901

10 Years 

₹70 Lakhs

7.99% p.a.

₹84,892

15 Years 

₹70 Lakhs

7.99% p.a.

₹66,855

20 Years 

₹70 Lakhs

7.99% p.a.

₹58,507

25 Years 

₹70 Lakhs

7.99% p.a.

₹53,981

30 Years 

₹70 Lakhs

7.99% p.a.

₹51,315

Disclaimer: The values mentioned are approximate and meant for illustration only. For precise EMI details, it is advisable to contact your lender directly.

₹70 Lakh Home Loan: EMI and Interest Payable for Various Tenures

A ₹70 lakh home loan comes with different EMI amounts, and the total interest payable depends on your chosen tenure. 

Shorter tenures, like 5 or 10 years, have higher EMIs but lower overall interest costs. On the other hand, longer tenures, like 20 or 30 years, reduce your monthly EMI but increase the total interest paid over time.

₹70 Lakh Home Loan EMI for 5 Years

The total interest charges and total payable amount of a ₹70 Lakhs home loan EMI for 5 years are given below in the table:

Loan Amount

₹70 Lakhs

Interest Rate

7.99% p.a.

Loan Tenure

5 years

EMI Payable

₹1,41,901

Total Interest Payable 

₹15,14,076

Total Payable Amount

₹85,14,076

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

₹70 Lakh Home Loan EMI for 10 Years

Here is an overview of the total interest charges and total payable amount for a ₹70 Lakh home loan EMI for 10 years:

Loan Amount

₹70 Lakhs

Interest Rate

7.99% p.a.

Loan Tenure

10 years

EMI Payable

₹84,892

Total Interest Payable 

₹31,87,080

Total Payable Amount

₹1,01,87,080

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

₹70 Lakh Home Loan EMI for 15 Years

Here is the breakdown of a ₹70 Lakhs home loan EMI for 15 years:

Loan Amount

₹70 Lakhs

Interest Rate

7.99% p.a.

Loan Tenure

15 years

EMI Payable

₹66,855

Total Interest Payable 

₹50,33,943

Total Payable Amount

₹1,20,33,943

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

₹70 Lakh Home Loan EMI for 20 Years

Here are the details of the total interest charges and total payable amount for a ₹70 Lakh home loan EMI for 20 years:

Loan Amount

₹70 Lakhs

Interest Rate

7.99% p.a.

Loan Tenure

20 years

EMI Payable

₹58,507

Total Interest Payable 

₹70,41,739

Total Payable Amount

₹1,40,41,739

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

₹70 Lakh Home Loan EMI for 25 Years

The total interest charges and total payable amount for a ₹70 Lakh home loan EMI for 25 years are:

Loan Amount

₹70 Lakhs

Interest Rate

7.99% p.a.

Loan Tenure

25 years

EMI Payable

₹53,981

Total Interest Payable 

₹91,94,232

Total Payable Amount

₹1,61,94,232

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

₹70 Lakh Home Loan EMI for 30 Years

The following table provides the total interest charges and total payable amount for a ₹70 Lakh home loan EMI for 30 years:

Loan Amount

₹70 Lakhs

Interest Rate

7.99% p.a.

Loan Tenure

30 years

EMI Payable

₹51,315

Total Interest Payable 

₹1,14,73,303

Total Payable Amount

₹1,84,73,303

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

How to Calculate Home Loan EMI for ₹70 Lakhs

You can calculate your Home Loan EMI using the given 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, if you borrow ₹70 Lakhs from Bajaj Markets at an annual interest rate of 7.99% for 54 months, your EMI will be approximately ₹1,54,754. You have to pay a total interest of ₹13,56,704, resulting in a total repayment amount of ₹83,56,704.

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

You can easily compare top lenders on Bajaj Markets, offering competitive home loan interest rates. Below is a table showing the estimated EMI and total interest payable for a ₹70 Lakh home loan with a tenure of 84 months.

Lenders

Min. Interest Rate 

Max. Tenure

EMI

Total Interest Payable

Bajaj Housing Finance

7.49% p.a.

84 months

₹1,09,069

₹21,61,765

PNB Housing Finance

8.50% p.a.

84 months

₹1,10,855

₹23,11,853

South Indian Bank

8.50% p.a.

84 months

₹1,10,855

₹23,11,853

L&T Finance

8.60% p.a.

84 months

₹1,11,208

₹23,41,449

LIC Housing Finance

8.65% p.a.

84 months

₹1,11,384

₹23,56,268

Sammaan Capital

8.75%

84 months

₹1,11,737

₹23,85,945

ICICI Bank

9.00% p.a.

84 months

₹1,12,624

₹24,60,378

Truhome Finance

11.50%

84 months

₹1,21,705

₹32,23,239

Home First Finance Company

9.00% 

84 months

₹1,12,624

₹24,60,378

India Shelter

13.00%

84 months

₹1,27,344

₹36,96,874

Kotak Mahindra

9.00%

84 months

₹1,12,624

₹24,60,378

Shubham Housing Finance

10.90%

84 months

₹1,19,489

₹30,37,103

Vridhi Home Finance

12.00%

84 months

₹1,23,569

₹33,79,807

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

Home Loan EMI on Different Amounts

Frequently Asked Questions

What is the eligibility for a ₹70 Lakh home loan?

To apply for a ₹70 Lakh home loan on Bajaj Markets, you must be an Indian citizen. Salaried individuals should be 23-67 years old with 3 years of work experience, while self-employed individuals must be 23-70 years old with 5 years in business.

The following documents are required for a ₹70 Lakh home loan:

  • ID Proof: Aadhaar, PAN, Voter ID, or Driving Licence

  • Address Proof: Utility bill, Aadhaar card, or Passport

  • Income Proof (Salaried): Last 3 salary slips and last 2 years’ ITR

  • Income Proof (Self-employed): 2 years’ ITR and business proof

The interest rate for a ₹70 Lakh home loan from lenders on Bajaj Markets starts from 7.45% p.a. It may vary based on the lender, your profile, and loan tenure.

The maximum tenure for a home loan depends on the lender's policies and your financial profile.

You can still secure a ₹70 Lakh home loan with a low credit score, but it may be challenging. Lenders may charge a higher interest rate or offer stricter loan conditions.

If you miss an EMI on your loan, the bank will charge a penalty, and your credit score will be reduced. If you miss many EMIs, the bank might take legal steps against you.

Yes, you can take a joint home loan for ₹70 Lakhs. Applying with your spouse or a family member can boost your eligibility, improve approval chances, and even help you get better loan terms.

The minimum salary required for a ₹70 Lakh home loan is typically above ₹1 lakh per month. However, the exact amount may vary depending on the lender’s eligibility criteria and your loan tenure.

On Bajaj Markets, applying for a ₹70 Lakh home loan is quick and hassle-free. Just follow these steps:

  1. Click the ‘Check Eligibility' button on this page

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

  3. Enter your loan amount and choose a repayment tenure

  4. Submit the form for fast verification and offer details

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