Explore several tenures to find out the precise EMIs for a ₹95 Lakh house loan.
Understanding the ₹95 Lakh Home Loan EMI is essential for effective financial planning. Knowing the monthly loan payback amount helps you maintain financial security and minimise financial hardship. So, calculate EMIs, manage payments, and compare home loan terms and interest rates to get the best deal with the help of the EMI calculator.
The EMI cost for a ₹95 Lakh home loan varies depending on loan length. Different loan terms allow you to select a payback schedule that fits your budget by comparing the EMI payments.
Here is a table that shows the ₹95 Lakh Home Loan EMI with 8.50% interest per year over different terms:
Repayment Tenure |
EMI Amount |
10 Years |
₹1,17,786 |
20 Years |
₹82,443 |
25 Years |
₹76,496 |
30 Years |
₹73,046 |
Disclaimer: The figures above are indicative. Verify the actual payable EMIs with your lender before applying.
Here's an in-depth analysis of a ₹95 Lakh home loan with a 10-year term, including interest, EMI, total payments, and the effects on your finances:
Loan Amount |
₹95 Lakhs |
Interest Rate |
8.50% p.a. |
Loan Tenure |
10 years |
EMI Payable |
₹1,17,786 |
Total Interest Payable |
₹46,34,368 |
Total Payable Amount |
₹1,41,34,368 |
Disclaimer: The figures above are indicative. Verify the actual payable EMIs with your lender before applying.
Here’s a breakdown of a ₹95 Lakh loan over 20 years, detailing monthly repayment amounts and total interest. It will help you understand the financial commitment and repayment structure:
Loan Amount |
₹95 Lakhs |
Interest Rate |
8.50% p.a. |
Loan Tenure |
20 years |
EMI Payable |
₹ 82,443 |
Total Interest Payable |
₹ 1,02,86,369 |
Total Payable Amount |
₹ 1,97,86,369 |
Disclaimer: The numbers in the table are approximate. Always confirm the actual EMIs before submitting your application.
This is an overview of how a ₹95 Lakh loan, spread over 20 years, influences both repayment amounts and total interest paid during the loan term:
Loan Amount |
₹95 Lakhs |
Interest Rate |
8.50% p.a. |
Loan Tenure |
30 years |
EMI Payable |
₹ 73,046 |
Total Interest Payable |
₹ 1,67,96,841 |
Total Payable Amount |
₹ 2,62,96,841 |
Disclaimer: The figures above are indicative. Verify the actual payable EMIs with your lender before applying.
These financial institutions offer ₹95 Lakh home loans with competitive interest rates to meet your housing finance needs:
Lenders |
Starting Interest Rate |
PNB Housing Finance |
8.50% p.a. |
L&T Finance |
8.60% p.a. |
LIC Housing Finance |
8.85% p.a. |
Home First Finance Company |
9.00% p.a. |
ICICI Bank |
9.00% p.a. |
Shriram Housing Finance |
11.50% p.a. |
Disclaimer: The lender reserves the right to modify the rates provided based on their discretion and prevailing circumstances.
To be eligible for a ₹95 Lakh home loan, you must fulfill specific criteria, which can differ between lenders based on their policies and requirements.
For Salaried Individuals:
Age between 23 and 62 years
Continuous employment for at least 3 years
A stable annual income
Good credit score
For Self-employed Applicants:
25 and 70 years of age
Stable business operations for more than 5 years
Annual income sufficient for repayment
Documents Common to All Applicants:
Identity Proof- PAN card, Aadhaar card, passport, or driving licence
Address Proof- Utility bills, lease agreements, or other official residence proofs
Bank Statements- Last 6 to 12 months
Property Papers- Sale deeds, agreements, or ownership proofs
Photographs- Passport-sized photos
Loan Application- Accurately filled application form
Proof of Income:
For salaried individuals, required documents include recent payslips (3-6 months), Form 16, or the latest ITR
For self-employed individuals, the necessary documents are profit & loss statements, audit reports (2-3 years), and recent ITR
Explore different EMI calculations based on loan amounts:
Before providing ₹95 Lakh home loans, lenders look at several things, such as the borrower's income, ability to return the loan, credit score, property value, and financial security. You need to talk to the lender and find out what they need from you to accept you.
The suitable EMI for you will depend on how much you can afford to pay back and how much other debt you have. EMIs are smaller for longer terms, like 30 years, which can make them easier to handle each month. It may, however, lead to higher total loan costs.
Lenders may offer home loan terms of up to 30 years for a ₹95 Lakh loan, but the duration depends on factors such as your age, financial stability, and the specific requirements set by the lender.
If you know the loan time and interest rate, you can figure out the EMI for a ₹95 Lakh home loan. With an 8.50% p.a. interest rate, the monthly payment for a 30-year home loan will be around ₹75,232.
To figure out your EMI, you need to know the interest rate on your ₹95 Lakh home loan for 20 years. The EMI will be about ₹81,923 if the interest rate is 8.50% p.a.