Estimate your ₹80 Lakhs home loan EMI for 10, 20, and 30 years. Get detailed repayment breakdowns, interest rates, eligibility, and benefits.
With a home loan of ₹80 Lakhs, you can comfortably purchase the house of your dreams. However, before you apply for a loan, it is essential to check the probable EMIs. This can help you plan your finances better and repay the loan effectively.
Several factors, like the loan tenure and interest rate, have a major impact on the instalment amount payable. Lenders decide the interest rate on the basis of your loan eligibility.
You usually get some flexibility to choose a tenure that suits your needs the best. It is essential to know how the EMI can vary based on your choice of tenure. Consider the following example.
The following table shows the EMI amount you may have to pay for various tenures at an interest rate of 8.50% p.a.:
Tenure |
EMI |
10 years |
₹99,189 |
15 years |
₹78,779 |
20 years |
₹69,426 |
25 years |
₹64,418 |
30 years |
₹61,513 |
Disclaimer: The values mentioned above are indicative. Check the actual payable EMIs with your lender before applying.
Let us continue the example and check the impact of change in tenure on your EMIs in further detail. See the table below for a quick look at your EMI for a home loan of ₹80 Lakhs when you choose a 10-year tenure at an interest rate of 8.50% p.a.
Loan Amount |
₹80 Lakhs |
Interest Rate |
8.50% p.a. |
Loan Tenure |
10 Years |
EMI |
₹99,189 |
Total Payable Interest |
₹39,02,626 |
Total Repayment Amount |
₹1,19,02,626 |
Disclaimer: The values mentioned above are indicative. Check the actual payable EMIs with your lender before applying.
Here is what your EMI on a home loan of ₹80 Lakhs will look like when you choose a 20-year tenure:
Loan Amount |
₹80 Lakhs |
Interest Rate |
8.50% p.a. |
Loan Tenure |
20 Years |
EMI |
₹69,426 |
Total payable Interest |
₹86,62,206 |
Total Repayment Amount |
₹1,66,62,206 |
Disclaimer: The values mentioned above are indicative. Check the actual payable EMIs with your lender before applying.
Here is the breakdown of your loan costs if you opt for a tenure of 30 years:
Loan Amount |
₹80 Lakhs |
Interest Rate |
8.50% p.a. |
Loan Tenure |
30 Years |
EMI |
₹61,513 |
Total payable Interest |
₹1,41,44,708 |
Total Repayment Amount |
₹2,21,44,708 |
Disclaimer: The values mentioned above are indicative. Check the actual payable EMIs with your lender before applying.
At Bajaj Markets, you can compare top lenders offering competitive interest rates, flexible tenure options, and easy EMIs to suit your needs.
Lenders |
Starting Interest Rate |
PNB Housing Finance |
8.50% p.a. |
Bajaj Housing Finance Limited |
7.99% p.a. |
LIC Housing Finance |
8.65% p.a. |
ICICI Bank |
9.00% p.a. |
Shriram Housing Finance |
11.50% p.a. |
L&T Finance |
8.60% p.a. |
Sammaan Capital |
8.75% p.a. |
Disclaimer: The rates are subject to change at the lender’s discretion.
Here is how you can apply for an ₹80 lakh home loan on Bajaj Markets in a few easy steps:
Click on the ‘Check Offers’ button on this page
Fill in your basic personal details in the online form
Enter the desired loan amount and repayment tenure
Try out tools like the EMI Calculator and Eligibility Calculator to plan better
Submit the form for verification and wait for the best offers to be shown
Here are the eligibility criteria for a ₹80 Lakhs home loan:
You should reside in India
For salaried applicants
Your age should be between 23 and 67 years
You must have a work experience at least 3 years
For self-employed applicants
Your age should be between 25 and 70 years
The business vintage must be at least 5 years
Identity Proof: Aadhaar card, PAN card, voter ID, or driving licence
Address Proof: Aadhaar card, passport, or utility bills
Form 16 or salary slips for the last 3 months
ITR filings for the previous 2 years
Bank account statement for the last 3 months
Identity Proof: Aadhaar card, PAN card, voter ID, or driving licence
Address Proof: Aadhaar card, passport, or utility bills
Bank account statement for the past 6 months
ITR filings for the last 2 financial years
Business vintage proof – Certificate of Incorporation, Shop Act, etc.
Qualification certificates (for self-employed professionals)
TDS certificate and business licence details
Provide the latest audited balance sheet of the business
Profit and loss statement for the last 3 years
Before applying for an ₹80 Lakhs home loan, consider the following factors such as credit score, EMI affordability, and loan terms. These elements will help you make a well-informed borrowing decision.
A credit score of 750 or above improves the likelihood of securing a favourable interest rate. Rectify any discrepancies in your credit report in advance.
Use an online calculator to evaluate your eligibility based on income, age, current liabilities, and employment stability.
Research various banks and NBFCs for competitive rates, processing charges, prepayment conditions, and loan tenure options.
Ensure the EMI does not exceed 40% of your net monthly income to maintain financial stability.
Contributing a higher down payment reduces the loan principal and total interest burden.
Shorter tenures lead to higher EMIs but reduce total interest outgo. Longer tenures lower EMIs but increase the overall interest paid.
Organising required documentation in advance facilitates quicker approval and minimises processing delays.
Account for supplementary expenses such as registration fees, stamp duty, property insurance, and maintenance charges.
Review the loan agreement thoroughly, especially clauses related to foreclosure, hidden fees, and prepayment conditions.
An ₹80 Lakh home loan comes with multiple features that provide flexibility, ease of access, and long-term financial convenience. Here are some of the benefits:
You receive competitive interest rate from various lenders available on Bajaj Markets
Balance transfer facility is available to the applicant
Repayment tenure of up to 30 years helps manage your monthly outflow
A simple and hassle-free loan application process is accessible on Bajaj Markets
Loan disbursal takes place within 48 hours after approval and document verification
Flexible repayment options are available for under-construction properties through part-EMI payments
When you take a loan of ₹80 Lakh, you may also be eligible for tax benefits under Sections 80C and 24(b)
An ₹80 Lakh home loan can bring you closer to owning your dream home, provided you plan your finances carefully. By understanding the EMI across different tenures and comparing lender offers, you can simplify the loan process on Bajaj Markets.
You can use online tools, check your eligibility, and select a repayment plan that aligns with your income and lifestyle. With competitive interest rates and seamless digital access, managing a home loan has become more convenient than ever.
The maximum repayment term for a home loan is 30 years.
The minimum salary for a home loan of ₹80 Lakhs depends on the lender. As a general rule, your debt obligation shouldn’t take up more than 50% of your income. For example, considering that the ₹80 Lakh home loan EMI for 20 years, with an interest rate of 9% p.a., is set at ₹71,978.08, you would need an income of at least ₹1.5 Lakhs to qualify comfortably.
Yes. As home loans are secured loans, the credit score requirements for these are quite lenient. However, the loan terms in this case may not be as favourable. You may be offered a higher interest rate or limited flexibility in loan repayments.
Yes. You can have a co-applicant when applying for a home loan of ₹80 Lakhs. However, do note that their income, age, employment, etc. will be considered when assessing your loan eligibility. Selecting the right can help you get favourable loan terms and vice versa.
If you wish to save on your total repayment costs, a shorter tenure may be preferable. This is because the interest accrued during a short term is usually lower. However, if you are looking for affordable monthly instalments which do not burden your finances, consider opting for a longer tenure. Thus, the choice of tenure depends on your financial situation and the total borrowing cost.