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₹8 Lakh Home Loan EMI

Discover how much you’d repay monthly and in interest for different tenures when you take an ₹8 Lakh Home Loan.

Your Monthly Loan EMI

₹ 9,475

Total Interest

₹ 337,033

Principal Amount

₹ 8,00,000

Total Payable Amount

₹ 11,37,033

Loan Amount

Interest Rate

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Tenure

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Year	EMI	Principal	Interest	Balance

An ₹8 Lakh Home Loan can be an effective option for purchasing or renovating a property, particularly for first-time buyers in India. Understanding the ₹8 Lakh Home Loan EMI helps you plan your monthly budget, choose the right tenure, and keep your overall borrowing cost under control.

₹8 Lakh Home Loan EMI for Different Tenures

When you examine how your EMIs vary depending on the repayment tenure, it becomes simpler to select a repayment tenure that fits your budget. A longer tenure results in a lower monthly EMI, while a shorter tenure means higher monthly payments but a quicker loan payoff and potentially lower overall interest.

Below is an illustration of how the EMI for a ₹8 Lakh loan varies across different tenures. The monthly EMI will be highest for a 5-year term and lowest for a 30-year term, with total interest paid increasing as the loan tenure extends. Here's a closer look:

Loan Amount	Interest Rate (p.a.)	Tenure (years)	EMI	Total Interest (approx.)
₹8,00,000	7.40%	5	₹15,992	₹1,59,542
₹8,00,000	7.40%	10	₹9,454	₹3,34,533
₹8,00,000	7.40%	15	₹7,371	₹5,26,728
₹8,00,000	7.40%	20	₹6,396	₹7,35,020
₹8,00,000	7.40%	25	₹5,860	₹9,57,997
₹8,00,000	7.40%	30	₹5,539	₹11,94,054

Disclaimer: The values shown in the table are indicative and may vary based on the lender’s terms, interest rate changes, and your eligibility.

₹8 Lakh Home Loan: EMI & Interest Payable for Various Tenures

The tables below use an interest rate of 7.40% per annum to show the approximate EMI per month and total interest payable for a ₹8 Lakh Home Loan. These figures are rounded estimates, and actual amounts may vary slightly depending on the lender and any rate adjustments:

₹8 Lakh Home Loan EMI for 5 Years

Year	Principal Loan Amount Paid	Interest Paid	EMI Amount Paid	Balance Amount	Loan Paid to Date (%)
2026	₹1,37,303	₹54,605	₹1,91,908	₹7,67,634	20.00
2027	₹1,47,816	₹44,093	₹1,91,908	₹5,75,725	40.00
2028	₹1,59,133	₹32,776	₹1,91,908	₹3,83,817	60.00
2029	₹1,71,316	₹20,592	₹1,91,908	₹1,91,908	80.00
2030	₹1,84,432	₹7,476	₹1,91,908	0	100.00

Disclaimer: The figures are for illustration only and may change based on the actual loan amount, interest rate, and repayment schedule set by your lender.

₹8 Lakh Home Loan EMI for 10 Years

Year	Principal Loan Amount Paid	Interest Paid	EMI Amount Paid	Balance Amount	Loan Paid to Date (%)
2026	₹56,132	₹57,322	₹1,13,453	₹10,21,080	10.00
2027	₹60,429	₹53,024	₹1,13,453	₹9,07,626	20.00
2028	₹65,056	₹48,397	₹1,13,453	₹7,94,173	30.00
2029	₹70,037	₹43,417	₹1,13,453	₹6,80,720	40.00
2030	₹75,399	₹38,054	₹1,13,453	₹5,67,266	50.00
2031	₹81,172	₹32,282	₹1,13,453	₹4,53,813	60.00
2032	₹87,386	₹26,067	₹1,13,453	₹3,40,360	70.00
2033	₹94,077	₹19,377	₹1,13,453	₹2,26,907	80.00
2034	₹1,01,279	₹12,174	₹1,13,453	₹1,13,453	90.00
2035	₹1,09,034	₹4,420	₹1,13,453	0	100.00

Disclaimer: The figures are for illustration only and may change based on the actual loan amount, interest rate, and repayment schedule set by your lender.

₹8 Lakh Home Loan EMI for 15 Years

Year	Principal Loan Amount	Interest Paid	EMI Amount Paid	Balance Amount	Loan Paid to Date (%)
2026	₹30,261	₹58,187	₹88,449	₹12,38,279	6.67
2027	₹32,578	₹55,870	₹88,449	₹11,49,831	13.33
2028	₹35,072	₹53,376	₹88,449	₹10,61,382	20.00
2029	₹37,758	₹50,691	₹88,449	₹9,72,934	26.67
2030	₹40,648	₹47,800	₹88,449	₹8,84,485	33.33
2031	₹43,760	₹44,688	₹88,449	₹7,96,037	40.00
2032	₹47,111	₹41,338	₹88,449	₹7,07,588	46.67
2033	₹50,718	₹37,731	₹88,449	₹6,19,140	53.33
2034	₹54,601	₹33,848	₹88,449	₹5,30,691	60.00
2035	₹58,781	₹29,667	₹88,449	₹4,42,243	66.67
2036	₹63,282	₹25,167	₹88,449	₹3,53,794	73.33
2037	₹68,127	₹20,322	₹88,449	₹2,65,346	80.00
2038	₹73,342	₹15,106	₹88,449	₹1,76,897	86.67
2039	₹78,958	₹9,491	₹88,449	₹88,449	93.33
2040	₹85,003	₹3,446	₹88,449	0	100.00

Disclaimer: The figures are for illustration only and may change based on the actual loan amount, interest rate, and repayment schedule set by your lender.

₹8 Lakh Home Loan EMI for 20 Years

Year	Principal Loan Amount	Interest Paid	EMI Amount Paid	Balance Amount	Loan Paid to Date (%)
2026	₹18,159	₹58,592	₹76,751	₹14,58,269	5.00
2027	₹19,549	₹57,202	₹76,751	₹13,81,518	10.00
2028	₹21,046	₹55,705	₹76,751	₹13,04,767	15.00
2029	₹22,657	₹54,094	₹76,751	₹12,28,016	20.00
2030	₹24,392	₹52,359	₹76,751	₹11,51,265	25.00
2031	₹26,259	₹50,492	₹76,751	₹10,74,514	30.00
2032	₹28,270	₹48,481	₹76,751	₹9,97,763	35.00
2033	₹30,434	₹46,317	₹76,751	₹9,21,012	40.00
2034	₹32,764	₹43,987	₹76,751	₹8,44,261	45.00
2035	₹35,273	₹41,479	₹76,751	₹7,67,510	50.00
2036	₹37,973	₹38,778	₹76,751	₹6,90,759	55.00
2037	₹40,880	₹35,871	₹76,751	₹6,14,008	60.00
2038	₹44,010	₹32,741	₹76,751	₹5,37,257	65.00
2039	₹47,380	₹29,371	₹76,751	₹4,60,506	70.00
2040	₹51,007	₹25,744	₹76,751	₹3,83,755	75.00
2041	₹54,912	₹21,839	₹76,751	₹3,07,004	80.00
2042	₹59,117	₹17,634	₹76,751	₹2,30,253	85.00
2043	₹63,643	₹13,108	₹76,751	₹1,53,502	90.00
2044	₹68,515	₹8,236	₹76,751	₹76,751	95.00
2045	₹73,761	₹2,990	₹76,751	0	100.00

Disclaimer: The figures are for illustration only and may change based on the actual loan amount, interest rate, and repayment schedule set by your lender.

₹8 Lakh Home Loan EMI for 25 Years

Year	Principal Loan Amount	Interest Paid	EMI Amount Paid	Balance Amount	Loan Paid to Date (%)
2026	₹11,505	₹58,815	₹70,320	₹16,87,677	4.00
2027	₹12,386	₹57,934	₹70,320	₹16,17,358	8.00
2028	₹13,334	₹56,986	₹70,320	₹15,47,038	12.00
2029	₹14,355	₹55,965	₹70,320	₹14,76,718	16.00
2030	₹15,454	₹54,866	₹70,320	₹14,06,398	20.00
2031	₹16,637	₹53,683	₹70,320	₹13,36,078	24.00
2032	₹17,911	₹52,409	₹70,320	₹12,65,758	28.00
2033	₹19,282	₹51,038	₹70,320	₹11,95,438	32.00
2034	₹20,758	₹49,561	₹70,320	₹11,25,118	36.00
2035	₹22,348	₹47,972	₹70,320	₹10,54,798	40.00
2036	₹24,059	₹46,261	₹70,320	₹9,84,478	44.00
2037	₹25,901	₹44,419	₹70,320	₹9,14,159	48.00
2038	₹27,884	₹42,436	₹70,320	₹8,43,839	52.00
2039	₹30,019	₹40,301	₹70,320	₹7,73,519	56.00
2040	₹32,317	₹38,003	₹70,320	₹7,03,199	60.00
2041	₹34,791	₹35,529	₹70,320	₹6,32,879	64.00
2042	₹37,455	₹32,865	₹70,320	₹5,62,559	68.00
2043	₹40,323	₹29,997	₹70,320	₹4,92,239	72.00
2044	₹43,410	₹26,910	₹70,320	₹4,21,919	76.00
2045	₹46,733	₹23,587	₹70,320	₹3,51,599	80.00
2046	₹50,311	₹20,009	₹70,320	₹2,81,280	84.00
2047	₹54,163	₹16,157	₹70,320	₹2,10,960	88.00
2048	₹58,310	₹12,010	₹70,320	₹1,40,640	92.00
2049	₹62,774	₹7,546	₹70,320	₹70,320	96.00
2050	₹67,581	₹2,739	₹70,320	0	100.00

Disclaimer: The figures are for illustration only and may change based on the actual loan amount, interest rate, and repayment schedule set by your lender.

₹8 Lakh Home Loan EMI for 30 Years

Year	Principal Loan Amount	Interest Paid	EMI Amount Paid	Balance Amount	Loan Paid to Date (%)
2026	₹7,520	₹58,948	₹66,468	₹19,27,585	3.33
2027	₹8,096	₹58,373	₹66,468	₹18,61,117	6.67
2028	₹8,716	₹57,753	₹66,468	₹17,94,648	10.00
2029	₹9,383	₹57,085	₹66,468	₹17,28,180	13.33
2030	₹10,101	₹56,367	₹66,468	₹16,61,712	16.67
2031	₹10,875	₹55,594	₹66,468	₹15,95,243	20.00
2032	₹11,707	₹54,761	₹66,468	₹15,28,775	23.33
2033	₹12,604	₹53,865	₹66,468	₹14,62,306	26.67
2034	₹13,569	₹52,900	₹66,468	₹13,95,838	30.00
2035	₹14,608	₹51,861	₹66,468	₹13,29,369	33.33
2036	₹15,726	₹50,743	₹66,468	₹12,62,901	36.67
2037	₹16,930	₹49,539	₹66,468	₹11,96,432	40.00
2038	₹18,226	₹48,242	₹66,468	₹11,29,964	43.33
2039	₹19,622	₹46,847	₹66,468	₹10,63,495	46.67
2040	₹21,124	₹45,345	₹66,468	₹9,97,027	50.00
2041	₹22,741	₹43,727	₹66,468	₹9,30,558	53.33
2042	₹24,482	₹41,986	₹66,468	₹8,64,090	56.67
2043	₹26,357	₹40,112	₹66,468	₹7,97,622	60.00
2044	₹28,375	₹38,094	₹66,468	₹7,31,153	63.33
2045	₹30,547	₹35,922	₹66,468	₹6,64,685	66.67
2046	₹32,886	₹33,583	₹66,468	₹5,98,216	70.00
2047	₹35,403	₹31,065	₹66,468	₹5,31,748	73.33
2048	₹38,114	₹28,354	₹66,468	₹4,65,279	76.67
2049	₹41,032	₹25,436	₹66,468	₹3,98,811	80.00
2050	₹44,174	₹22,295	₹66,468	₹3,32,342	83.33
2051	₹47,556	₹18,913	₹66,468	₹2,65,874	86.67
2052	₹51,197	₹15,272	₹66,468	₹1,99,405	90.00
2053	₹55,116	₹11,352	₹66,468	₹1,32,937	93.33
2054	₹59,336	₹7,132	₹66,468	₹66,468	96.67
2055	₹63,879	₹2,589	₹66,468	0	100.00

Disclaimer: The figures are for illustration only and may change based on the actual loan amount, interest rate, and repayment schedule set by your lender.

How To Calculate Home Loan EMI for ₹8 Lakhs

Understanding how EMI works helps you take control of your finances and avoid unpleasant surprises during repayment. Rather than solely relying on an online EMI calculator, it’s useful to know the formula since your loan amount, interest rate and tenure together determine your monthly outgo and overall cost.

The standard formula to calculate EMI is:

EMI = [P × r × (1 + r)^N] / [(1 + r)^N − 1]

Where:

P = Principal amount (loan amount)
r = Monthly interest rate (annual rate ÷ 12 ÷ 100)
N = Total number of monthly instalments (tenure in months)

Example (₹8 Lakh loan at 7.40% p.a.)

Loan amount (P) = ₹8,00,000
Annual interest rate = 7.40% → Monthly rate (r) ≈ 7.40 ÷ 12 ÷ 100 = 0.006167
Suppose you choose a tenure of 5 years: then N = 5 × 12 = 60

Plug these values into the formula to compute the monthly EMI (which includes both principal and interest). Over the entire loan tenure, your total repayment will be EMI × N. From which, subtracting the principal gives you the total interest paid.

Performing this manual calculation lets you clearly see how changes in loan amount, interest rate or tenure impact your EMI and total cost. This insight can help you plan your home loan repayment more effectively.

Interest Rates Offered by Different Lenders

Review the loan terms, rates of interest, and features from various home loan providers to choose the option that aligns with your budget and financial objectives. Have a closer look below at some of the top lenders offering housing loans through Bajaj Markets:

Lender	Maximum Loan Amount	Minimum Interest Rate	Maximum Tenure	Processing Fee
Bajaj Housing Finance Home Loan	₹15 Crores	7.40% p.a.	32 Years	Up to 4% of the loan amount (plus applicable GST)
Home First Finance Company Home Loan	₹35 Lakhs	9.00% p.a.	20 Years	₹9,990 to ₹24,990 (plus applicable GST)
ICICI Bank home loan	₹5 Crores	9.00% p.a.	30 Years	₹2,999 (plus applicable charges)
India Shelter Home Loan	₹40 Lakhs	13.00% p.a.	20 Years	Up to 3% of the loan amount (plus applicable GST)
L&T Finance home loan	₹7.5 Crores	8.60% p.a.	25 Years	Up to 3% of the loan amount (plus applicable GST)
PNB Housing Finance home loan	₹15 Crores	8.50% p.a.	30 Years	Up to 0.50% of the loan amount (plus applicable GST)
Sammaan Capital home loan	₹5 Crores	8.75% p.a.	30 Years	Up to 1% of the loan amount (plus applicable GST)
Truhome Finance Home Loan	₹1 Crores	11.50% p.a.	25 Years	Up to 2.5% of the loan amount (plus applicable GST)
Shubham Housing Finance Home Loan	₹50 Lakhs	9.90% p.a.	25 Years	₹27,000 plus up to 3% of the loan amount (plus applicable GST)
Vridhi Home Finance Home Loan	₹25 Lakhs	12.00% p.a.	12 Years	2% of the sanctioned loan value, along with applicable GST
SIB Ashirwad Home Loan	₹50 Lakhs	9.50% p.a.	30 Years	0.75% of the loan amount (plus applicable GST)
Easy Home Finance Home Loan	₹50 Lakhs	10.50% p.a.	20 Years	1.5% to 2.5% of the loan amount (plus applicable GST)

Disclaimer: Interest rates and loan terms are subject to change based on the lender’s policies and prevailing market conditions.

₹10 Lakh Home Loan EMI	₹12 Lakh Home Loan EMI
₹15 Lakh Home Loan EMI	₹1 Crore Home Loan EMI
₹20 Lakh Home Loan EMI	₹30 Lakh Home Loan EMI
₹35 Lakh Home Loan EMI	₹40 Lakh Home Loan EMI
₹45 Lakh Home Loan EMI	₹50 Lakh Home Loan EMI
₹55 Lakh Home Loan EMI	₹60 Lakh Home Loan EMI
₹65 Lakh Home Loan EMI	₹70 Lakh Home Loan EMI
₹75 Lakh Home Loan EMI	₹25 Lakh Home Loan EMI
₹80 Lakh Home Loan EMI	₹85 Lakh Home Loan EMI
₹90 Lakh Home Loan EMI	₹95 Lakh Home Loan EMI

FAQs

What will be the EMI for ₹8 Lakhs?

The EMI for a ₹8 Lakh Home Loan will depend on your chosen tenure and interest rate. For example, at 7.40% p.a. over a 20‑year tenure, the EMI would be roughly ₹6,400 per month. Consider using the Home Loan EMI calculator on Bajaj Markets to get precise figures for other tenure options.

What is the eligibility for a ₹8 Lakh Home Loan?

Eligibility for an ₹8 Lakh Home Loan depends on your age, income, employment type, existing obligations, and credit score. Lenders also consider property value and may require a minimum loan-to-value margin contribution from your side.

What documents are required for a ₹8 Lakh Home Loan?

Typical documents include identity proof, address proof, income proofs like salary slips or IT returns, bank statements, and property-related documents. Some lenders may additionally ask for employment continuity proof or business financials for self-employed applicants.

What is the interest rate range for a ₹8 Lakh Home Loan in India?

Interest rates on an ₹8 Lakh Home Loan in India usually start at 7.40%, depending on lender and profile. Borrowers with strong credit and stable income generally get rates near the lower end of this band.

What is the tenure range available for a ₹8 Lakh Home Loan?

Home loan tenures commonly start from 5 years and can go up to 32 years with many lenders. Some institutions may allow slightly shorter or longer tenures in special cases, subject to age and policy.

Can I get a ₹8 Lakh Home Loan with a low credit score?

A low credit score makes approval harder and may lead to higher interest rates and stricter terms. Some lenders may still consider your application if you show strong income, offer a guarantor, or add a co-applicant.

What happens if I miss an EMI payment on my ₹8 Lakh Home Loan?

Missing an EMI usually attracts late payment charges and additional interest on the overdue amount. Repeated delays can hurt your credit score and may trigger recovery actions if not resolved quickly with the lender.

Can I get a joint home loan for ₹8 Lakh?

Yes, most lenders allow joint home loans with eligible co-applicants such as a spouse or close family members. A joint loan can improve eligibility and raise the sanctioned amount by combining incomes, which may also help secure better terms.

How much salary is required for a ₹8 Lakh Home Loan?

Many lenders check your EMI‑to‑income ratio to ensure the loan is affordable. Suppose your monthly take‑home pay is ₹60,000, and you want to keep your EMI at or below 35% of that income. In that case, your EMI should not exceed about ₹21,000 per month. Based on that EMI amount, you can estimate the approximate loan amount you might qualify for, depending on the interest rate and tenure.

How to apply for a ₹8 Lakh Home Loan?

You can apply for an ₹8 Lakh Home Loan online on Bajaj Markets, or visit a branch. Fill the application form, upload or submit documents, undergo verification, and await sanction before signing the agreement and completing disbursal formalities.

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₹8 Lakh Home Loan EMI

See Repayment Schedule

₹8 Lakh Home Loan EMI for Different Tenures

₹8 Lakh Home Loan: EMI & Interest Payable for Various Tenures

₹8 Lakh Home Loan EMI for 5 Years

₹8 Lakh Home Loan EMI for 10 Years

₹8 Lakh Home Loan EMI for 15 Years

₹8 Lakh Home Loan EMI for 20 Years

₹76,751

₹8 Lakh Home Loan EMI for 25 Years

₹8 Lakh Home Loan EMI for 30 Years

How To Calculate Home Loan EMI for ₹8 Lakhs

Interest Rates Offered by Different Lenders

Related Pages

FAQs

What will be the EMI for ₹8 Lakhs?

What is the eligibility for a ₹8 Lakh Home Loan?

What documents are required for a ₹8 Lakh Home Loan?

What is the interest rate range for a ₹8 Lakh Home Loan in India?

What is the tenure range available for a ₹8 Lakh Home Loan?

Can I get a ₹8 Lakh Home Loan with a low credit score?

What happens if I miss an EMI payment on my ₹8 Lakh Home Loan?

Can I get a joint home loan for ₹8 Lakh?

How much salary is required for a ₹8 Lakh Home Loan?

How to apply for a ₹8 Lakh Home Loan?