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BAJAJ FINSERV DIRECT LIMITED

₹1 Crore Home Loan EMI

Check the EMIs payable if you apply for a home loan of ₹1 Crore.

Your Monthly Loan EMI

₹ 12,587

Total Interest

₹ 510,385

Principal Amount

₹ 10,00,000

Total Payable Amount

₹ 15,10,385

Loan Amount

Interest Rate

- +

Tenure

- +

Check Eligibility

You can easily compare Home Loan offers from multiple lenders on Bajaj Markets.

It is important to consider if the EMI of your housing loan of ₹1 Crore fits your budget. Multiple factors affect the instalments you are liable to pay. Tenure is one of the most important factors that impact your EMIs. Knowing all the details before applying can help you plan wisely.

For example:

Taking a home loan of ₹1 Crore at an interest rate of 7.99% per annum for a tenure of 10 years, your monthly EMI will be approximately ₹1,21,275. Over the loan period, the total interest payable would be around ₹45.52 Lakhs.

This means the total repayment amount, including both principal and interest, is ₹1.45 Crores.

₹1 Crore Home Loan EMI for Different Tenures

The EMI for a ₹1 Crore home loan varies based on the loan tenure. Check the table below to see approximate EMI amounts for tenures ranging from 10 to 30 years at an interest rate of 8.85% p.a.

Tenure	Loan Amount	Interest Rate	EMI Amount
5 Years	₹1 Crore	8.85% p.a.	₹2,06,856
10 Years	₹1 Crore	8.85% p.a.	₹1,25,865
15 Years	₹1 Crore	8.85% p.a.	₹1,00,536
20 Years	₹1 Crore	8.85% p.a.	₹89,010
25 Years	₹1 Crore	8.85% p.a.	₹82,895
30 Years	₹1 Crore	8.85% p.a.	₹79,385

Disclaimer: The values mentioned above are indicative. Check the actual payable EMIs with your lender before applying.

₹1 Crore Home Loan: EMI & Interest Payable for Various Tenures

The EMI and total interest payable on a ₹1 Crore home loan vary based on the selected tenure. Opting for a shorter tenure leads to higher EMIs but reduces the overall interest paid, while a longer tenure lowers the EMI but increases the total interest over time.

At an interest rate of 8.85% per annum, the EMI will differ depending on whether the loan term is 5, 10, 15 years, etc.:

₹1 Crore Home Loan EMI for 5 Years

Here is a breakdown of the EMI payable, total interest charges, etc., for a tenure of 5 years:

Loan Amount	₹1 Crore
Interest Rate	8.85% p.a.
Tenure	5 Years
Total EMI Payable	₹2,06,856
Total Interest Rate Payable	₹24,11,379
Total Amount Payable	₹1,24,11,379

Disclaimer: The values mentioned above are indicative. Check the actual payable EMIs with your lender before applying.

₹1 Crore Home Loan EMI for 10 Years

Here is a breakdown of the EMI payable and other details for a tenure of 10 years:

Loan Amount	₹1 Crore
Interest Rate	8.85% p.a.
Tenure	10 Years
Total EMI Payable	₹1,25,865
Total Interest Rate Payable	₹51,03,849
Total Amount Payable	₹1,51,03,849

Disclaimer: The values mentioned above are indicative. Check the actual payable EMIs with your lender before applying.

₹1 Crore Home Loan EMI for 15 Years

Here are the details of the total interest charges and total payable amount for a ₹1 Crore home loan EMI for 15 years:

Loan Amount	₹1 Crore
Interest Rate	8.85% p.a.
Tenure	15 Years
Total EMI Payable	₹1,00,536
Total Interest Rate Payable	₹80,96,531
Total Amount Payable	₹1,80,96,531

Disclaimer: The values mentioned above are indicative. Check the actual payable EMIs with your lender before applying.

₹1 Crore Home Loan EMI for 20 Years

The following table provides the total interest charges and total payable amount for a ₹20 Lakh home loan EMI for 20 years:

Loan Amount	₹1 Crore
Interest Rate	8.85% p.a.
Tenure	20 Years
Total EMI Payable	₹89,010
Total Interest Rate Payable	₹1,13,62,438
Total Amount Payable	₹2,13,62,438

Disclaimer: The values mentioned above are indicative. Check the actual payable EMIs with your lender before applying.

₹1 Crore Home Loan EMI for 25 Years

Here is an overview of the total interest charges and total payable amount for a ₹1 Crore home loan EMI for 25 years:

Loan Amount	₹1 Crore
Interest Rate	8.85% p.a.
Tenure	25 Years
Total EMI Payable	₹82,894.86
Total Interest Rate Payable	₹1,48,68,457
Total Amount Payable	₹2,48,68,457

Disclaimer: The values mentioned above are indicative. Check the actual payable EMIs with your lender before applying.

₹1 Crore Home Loan EMI for 30 Years

Here are the repayment details for a ₹1 Crore home loan EMI for 30 years:

Loan Amount	₹1 Crore
Interest Rate	8.85% p.a.
Tenure	30 Years
Total EMI Payable	₹79,385.33
Total Interest Rate Payable	₹1,85,78,720
Total Amount Payable	₹2,85,78,720

Disclaimer: The values mentioned above are indicative. Check the actual payable EMIs with your lender before applying.

How To Calculate Home Loan EMI for ₹1 Crore

You can calculate your Home Loan EMI using the given formula:

EMI = [P × R × (1+R)^N] / [(1+R)^N – 1]

Where:

P = Loan amount
R = Monthly interest rate (Annual interest rate ÷ 12 ÷ 100)
N = Loan tenure in months

For example, when you borrow ₹1 Crore on Bajaj Markets at an annual interest rate of 8.50% for 240 months, your EMI comes to approximately ₹86,782. You have to pay a total interest of ₹1,08,27,758, bringing the overall repayment amount to ₹2,08,27,758.

Instead of performing manual calculations for monthly EMIs, use our house loan EMI calculator online to save time and quickly compare results for different values.

Interest Rates Offered by Different Lenders

On Bajaj Markets, easily compare top lenders and their loan terms. Below is a table showing the estimated EMI and total interest payable for a ₹1 Crore home loan with a tenure of 10 years. It is calculated according to each lender’s interest rate:

Lender	Interest Rate	EMI Payable	Total Interest Payable
Bajaj Housing Finance Limited	7.49% p.a.	₹1,21,275	₹45,52,971
PNB Housing Finance	8.50% p.a.	₹1,23,986	₹48,78,283
ICICI Bank	9.00% p.a.	₹1,26,676	₹52,01,093
LIC Housing Finance	8.65% p.a.	₹1,24,789	₹49,74,724
Truhome Finance	11.50% p.a.	₹1,40,595	₹68,71,453
L&T Finance	8.60% p.a.	₹1,24,521	₹49,42,539
Sammaan Capital	8.75% p.a.	₹1,25,327	₹50,39,210
South Indian Bank	8.50% p.a.	₹1,23,986	₹48,78,283

Disclaimer: These rates are subject to change at the lender’s discretion.

Home Loan EMI on Different Amounts

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

Frequently Asked Questions

What is the eligibility for a ₹1 Crore home loan?

Here are the eligibility criteria for a ₹1 Crore home loan:

The applicant should be an Indian citizen
If the applicant is self-employed, the age should range from 23 to 70 years
If the applicant is salaried, the age should range from 23 to 67 years
The salaried applicants should have at least 3 years of job experience
The self-employed applicant’s business vintage should be at least 5 years

What documents are required for a ₹1 Crore house loan?

Documents Required for a ₹1 Crore house loan include:

ID Proof: PAN, Aadhaar, Voter ID, or Driving Licence
Address Proof: Utility bill, Aadhaar, or Passport
For Salaried: Last 3 salary slips, Form 16, 2 years’ ITR
For Self-employed: 2 years’ ITR, audited balance sheet, and business proof

What is the interest rate range for a ₹1 Crore home loan in India?

The interest rate for a ₹1 Crore home loan on $$%BrandName%$$ starts at 7.49% per annum. It may vary depending on the lender’s policies, your credit score, income, and the tenure you choose.

What is the tenure range available for a ₹1 Crore home loan?

On $$%BrandName%$$, you can opt for a repayment tenure of up to 32 years for a ₹1 Crore home loan.

Can I get a ₹1 Crore home loan with a low credit score?

Getting a ₹1 Crore home loan with a low credit score is difficult. Lenders usually require a strong credit history and high credit score to approve such a large amount. A low score may lead to rejection or higher interest rates, stricter terms, or a lower sanctioned amount.