BAJAJ FINSERV DIRECT LIMITED

₹70 Lakh Home Loan EMI

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

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Your Monthly Loan EMI
₹ 6,199
Total Interest
₹ 243,914
Principal Amount
₹ 5,00,000
Total Payable Amount
₹ 7,43,914
Loan Amount i
Interest Rate
- +
Min value reached
Max value reached
Tenure
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Min value reached
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You can easily compare Home Loan offers from multiple lenders on Bajaj Markets.

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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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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.

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

Let’s assume that you got the home loan at an interest rate of 8.50% p.a. Check out this table and see how the ₹70 Lakhs home loan EMI varies across different tenures.

Repayment Tenure

EMI Amount

10 Years

₹86,790

20 Years

₹60,748

25 Years

₹56,366

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.

Detailed Breakup of Home Loan of ₹70 Lakhs 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.

Detailed Breakup of Home Loan of ₹70 Lakhs 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.

Detailed Breakup of Home Loan of ₹70 Lakhs 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.

Lenders Offering Home Loans of ₹70 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 ₹70 Lakh Home Loan

Some common criteria you need to fulfil to be eligible for a home loan of ₹70 Lakhs are as follows:

  • Indian citizenship

  • 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, 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 Salaried:

    • Form 16

    • ITR filings of the previous 2 years

    • Salary slips of the previous 3 months

  • 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

FAQs on ₹70 Lakhs Home Loan EMI

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.

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.

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.

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.

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.

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