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₹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
Months drop-down-img
  • Years
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Check Eligibility

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

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

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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