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BAJAJ FINSERV DIRECT LIMITED

₹10 Lakh Home Loan EMI

Get complete details on ₹10 Lakh home loan EMIs for different tenures. Use an easy EMI calculator to plan your repayment smoothly and manage your finances better.

Your Monthly Loan EMI

₹ 12,668

Total Interest

₹ 520,109

Principal Amount

₹ 10,00,000

Total Payable Amount

₹ 15,20,109

Loan Amount

Interest Rate

- +

Tenure

- +

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

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A ₹10 Lakh home loan is a practical solution to finance your property purchase. Understanding how your EMI varies across different repayment periods helps you manage your finances effectively.

For example:

Taking a home loan of ₹10 Lakhs at an interest rate of 7.99% per annum for a tenure of 10 years, your monthly EMI will be approximately ₹12,128. Over the loan period, the total interest payable would be around ₹4.55 Lakhs.

This means the total repayment amount, including both principal and interest, is ₹14.55 Lakhs.

₹10 Lakh Home Loan EMI for Different Tenures

One of the key factors that influences the amount payable is the repayment tenure. Choosing a longer tenure reduces the EMI amount. However, increasing the length of the tenure also raises the total interest payable.

The table below presents the EMI calculation for a ₹10 Lakh home loan at an interest rate of 7.99% p.a. across different tenures.

Tenure	Loan Amount	Interest Rate	EMI Amount
5 years	₹10 Lakhs	7.99% p.a	₹20,272
10 Years	₹10 Lakhs	7.99% p.a	₹12,127
15 Years	₹10 Lakhs	7.99% p.a	₹9,551
20 Years	₹10 Lakhs	7.99% p.a	₹8,358
25 Years	₹10 Lakhs	7.99% p.a	₹7,712
30 Years	₹10 Lakhs	7.99% p.a	₹7,331

Disclaimer: The values mentioned are for illustration only. For precise EMI details, contact your lender.

₹10 Lakh Home Loan: EMI and Interest Payable for Various Tenures

The EMI amount and total interest payable on a ₹10 Lakh home loan vary based on the tenure selected. Shorter tenures, such as 5 or 10 years, require higher EMIs but result in lower total interest costs.

Longer tenures, such as 20 or 30 years, reduce the monthly EMI but increase the total interest paid over time. You can calculate the EMIs easily with a ₹10 Lakh home loan calculator. Here is an overview of the results you can expect:

₹10 Lakh Home Loan EMI for 5 Years

The total interest charges and total payable amount of a ₹10 Lakh home loan EMI for 5 years are given in the table:

Loan Amount	₹10 Lakhs
Interest Rate	7.99% p.a.
Loan Tenure	5 years
EMI Payable	₹20,272
Total Interest Payable	₹2,16,297
Total Payable Amount	₹12,16,297

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

₹10 Lakh Home Loan EMI for 10 Years

Here are the repayment details of a ₹10 Lakh home loan EMI for 10 years:

Loan Amount	₹10 Lakhs
Interest Rate	7.99% p.a.
Loan Tenure	10 years
EMI Payable	₹12,127
Total Interest Payable	₹4,55,297
Total Payable Amount	₹14,55,297

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

₹10 Lakh Home Loan EMI for 15 Years

Here is the breakdown of a ₹10 Lakh home loan EMI for 15 years:

Loan Amount	₹10 Lakhs
Interest Rate	7.99% p.a.
Loan Tenure	15 years
EMI Payable	₹9,551
Total Interest Payable	₹7,19,135
Total Payable Amount	₹17,19,135

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

₹10 Lakh Home Loan EMI for 20 Years

The total interest charges and total payable amount of a ₹10 Lakh home loan EMI for 20 years are:

Loan Amount	₹10 Lakhs
Interest Rate	7.99% p.a.
Loan Tenure	20 years
EMI Payable	₹8,358
Total Interest Payable	₹10,05,963
Total Payable Amount	₹20,05,963

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

₹10 Lakh Home Loan EMI for 25 Years

Here are the details of the payment of EMI for a home loan of ₹10 Lakhs for 25 years:

Loan Amount	₹10 Lakhs
Interest Rate	7.99% p.a.
Loan Tenure	25 years
EMI Payable	₹7,711.54
Total Interest Payable	₹13,13,462
Total Payable Amount	₹23,13,462

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

10 Lakh home Loan EMI for 30 Years

Here is the breakdown of a ₹10 Lakh home loan EMI for 30 years:

Loan Amount	₹10 Lakhs
Interest Rate	7.99% p.a.
Loan Tenure	30 years
EMI Payable	₹7,331
Total Interest Payable	₹16,39,043
Total Payable Amount	₹26,39,043

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

How To Calculate Home Loan EMI for 10 Lakhs

You can calculate your home loan EMI using this simple 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, you borrow ₹10 Lakhs on Bajaj Markets, at an annual interest rate of 7.99% for 54 months. Your EMI comes to around ₹22,108. You pay a total interest of ₹1,93,815. The total repayment amount becomes ₹11,93,815.

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, you can easily compare top lenders offering competitive rates. Below is a table showing the estimated EMI and total interest for a ₹10 Lakh home loan. The A ₹10 Lakh home loan is a practical solution to finance your property purchase. Understanding how your EMI varies across different repayment periods helps you manage your finances effectively.

For example:

Taking a home loan of ₹10 Lakhs at an interest rate of 7.99% per annum for a tenure of 10 years, your monthly EMI will be approximately ₹12,128. Over the loan period, the total interest payable would be around ₹4.55 Lakhs.

This means the total repayment amount, including both principal and interest, is ₹14.55 Lakhs.figures are based on a 10-year tenure and lowest interest rates offered by each lender.

Lenders	Min. Interest Rate	Tenure (Example)	EMI	Total Interest Payable
Bajaj Housing Finance	7.49% p.a.	10 years	₹12,127	₹4,55,297
PNB Housing Finance	8.50% p.a.	10 years	₹12,398	₹4,87,828
L&T Finance	8.60% p.a.	10 years	₹12,452	₹4,94,254
LIC Housing Finance	8.65% p.a.	10 years	₹12,479	₹4,97,472
Sammaan Capital	8.75%	10 years	₹12,533	₹5,03,921
Home First Finance Company	9.00% p.a.	10 years	₹12,668	₹5,20,109
Kotak Mahindra Bank	9.00% p.a.	10 years	₹12,668	₹5,20,109
ICICI Bank	9.00% p.a.	10 years	₹12,668	₹5,20,109
Shubham Housing Finance	9.90% p.a.	10 years	₹13,160	₹5,79,171
Truhome Finance	11.50%	10 years	₹14,060	₹6,87,145
India Shelter	13.00% p.a.	10 years	₹14,931	₹7,91,729
Easy Home Finance	10.50% p.a.	10 years	₹13,494	₹6,19,219

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

Other Home Loan EMI Options

12 Lakh Home Loan EMI	15 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	1 Crore 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

FAQs

What is the eligibility for a ₹10 Lakh home loan?

To apply for a ₹10 Lakh home loan on Bajaj Markets, you must satisfy the following criteria:

You must be an Indian citizen
You should be 23–67 years old if salaried or 23–70 years old if self-employed
Salaried individuals must have a minimum work experience of 3 years
Self-employed individuals must have a business vintage of at least 5 years

What documents are required for a ₹10 Lakh house loan?

Here’s a list of documents required for a ₹10 Lakh home loan:

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

What is the interest rate range for a ₹10 Lakh home loan in India?

The interest rate for a ₹10 Lakh home loan on Bajaj Markets starts from 7.49% p.a. It may vary based on the lender, your profile, and loan tenure.

What is the tenure range available for a ₹10 Lakh home loan?

On Bajaj Markets, the tenure range for a ₹10 Lakh home loan goes up to 32 years, offering flexible repayment terms to suit your financial plans.

Can I get a ₹10 Lakh home loan with a low credit score?

You may get a ₹10 Lakh home loan with a low credit score, but it may be more challenging. You might face higher interest rates or strict terms as lenders see it as a higher risk.

What happens if I miss an EMI payment on my ₹10 Lakh home loan?

If you miss an EMI payment on your ₹10 Lakh home loan, the lender may charge a late payment fee, and it can lower your credit score. Continuous missed payments could lead to legal action or loan default.

Can I get a joint home loan for ₹10 Lakhs?

Yes, you can get a joint home loan for ₹10 Lakhs. Applying jointly with a spouse or another family member can improve loan eligibility and increase the chances of approval with better terms.

What is the minimum salary required for a ₹10 Lakh home loan?

You need a minimum monthly income of ₹25,000 to be eligible for a ₹10 Lakh home loan in India

How to apply for a ₹10 Lakh Home Loan?

Follow these steps to apply for a home loan on Bajaj Markets:

Click on the ‘Check Eligibility’ button on this page
Provide your basic personal details on the online application form
Enter the loan amount and preferred repayment tenure
Submit the form for verification

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