header_search
My Account Customer Portal
EMI EMI Card
Download Download
ONDC_Header_Steal Deals Steal Deals
BAJAJ FINSERV DIRECT LIMITED
Hi Guest
Customer Portal My Report
Logout

₹12 Lakh Home Loan EMI

Know the EMI for a home loan of ₹12 Lakhs and opt for suitable loan terms

...

 

 Read More
Your Monthly Loan EMI
₹ 9,184
Total Interest
₹ 2,106,410
Principal Amount
₹ 12,00,000
Total Payable Amount
₹ 33,06,410
Loan Amount i
Interest Rate
- +
Min value reached
Max value reached
Tenure
Months drop-down-img
  • Years
- +
Min value reached
Max value reached
Check Eligibility

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

...

This platform also provides a clear view of the total interest payable and the overall repayment amount, enabling you to plan your finances and budget more efficiently.

 Read More

Applying for an affordable home loan of ₹12 Lakhs can help you finance the purchase of a home. To find affordable terms, knowing the EMI for a home loan of ₹12 Lakhs is essential. With an EMI calculator, you can compare the EMI amount at various tenures.

EMI for a Home Loan of ₹12 Lakhs for Various Tenures

The following table includes the ₹12 Lakh home loan EMI that you will need to pay at various tenures, with an interest rate of 8.50% p.a.:

Repayment Tenure

EMI Amount

10 Years

₹14,878

20 Years

₹10,414

25 Years

₹9,663

30 Years

₹9,227

*Disclaimer: The figures mentioned in the above table are indicative. It is imperative to check the actual payable EMIs before applying.

Detailed Breakup of Home Loan of ₹12 Lakhs for 10 Years

Check out this table to know about the EMI amount for a home loan of ₹12 Lakhs for 10 years:

Loan Amount

₹12 Lakhs

Interest Rate

8.50% p.a.

Loan Tenure

10 Years

EMI Amount

₹14,878

Total Interest Payable

₹5,85,394

Total Payable Amount

₹17,85,394

Disclaimer: The figures mentioned in the above table are indicative. It is imperative to check the actual payable EMIs before applying.

Detailed Breakup of Home Loan of ₹12 Lakhs for 20 Years

Here is the calculation of EMI for a home loan of ₹12 Lakhs for 20 years:

Loan Amount

₹12 Lakhs

Interest Rate

8.50% p.a.

Loan Tenure

20 Years

EMI Amount

₹10,414

Total Interest Payable

₹12,99,331

Total Payable Amount

₹24,99,331

Disclaimer: The figures mentioned in the above table are indicative. It is imperative to check the actual payable EMIs before applying.

Detailed Breakup of Home Loan of ₹12 Lakhs for 30 Years

Refer to this table for the calculation of EMI for a home loan of ₹12 Lakhs for 30 years:

Loan Amount

₹12 Lakhs

Interest Rate

8.50% p.a.

Loan Tenure

30 Years

EMI Amount

₹9,227

Total Interest Payable

₹21,21,706

Total Payable Amount

₹33,21,706

Disclaimer: The figures mentioned in the above table are indicative. It is imperative to check the actual payable EMIs before applying.

Lenders Offering Home Loans of ₹12 Lakhs

Lenders

Starting Interest Rate

PNB Housing Finance

8.50% p.a.

L&T Finance

8.60% p.a.

LIC Housing Finance

8.65% p.a.

Home First Finance Company

9.00% p.a.

Kotak Mahindra Bank

9.00% p.a.

Shubham Housing Finance

9.90% p.a.

Shriram Housing Finance

11.50% p.a.

Vridhi Home Finance

12.00% p.a.

India Shelter

13.00% p.a.

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

Eligibility Criteria & Documents Required for a ₹12 Lakh Home Loan

Fulfil the following requirements to be eligible for a home loan of ₹12 Lakhs:

  • The applicant must be an Indian citizen and resident

  • If salaried, the applicant’s age should be between 23 and 62 years

  • If self-employed, the applicant’s age must be between 25 and 70 years 

  • The salaried applicant must have a work experience of at least 3 years 

  • If self-employed, the business vintage should be at least 5 years

Alongside this, you are required to submit the following documents:

  • Identity Proof: PAN card, driving licence, Aadhaar card, or voter ID 

  • Address Proof: Utility bills, Aadhaar card, or passport

  • Income Proof: 

    • For Salaried Applicants: 

      • ITR filings of the last 2 years

      • Form 16

      • Salary slips of the last 3 months

    • For Self-employed Applicants: 

      • Latest balance sheet of the business, audited by a certified CA

      • ITR filings of the last 2 years

      • Profit and loss statement of the last 3 years

      • Business licence details

      • TDS certificate

      • Degree/qualification certificates for self-employed professionals 

FAQs on ₹15 Lakh Home Loan EMI

What will be the EMI for a ₹12 Lakh home loan for 10 years?

At an interest rate of 8.50% p.a., the EMI for a home loan of ₹12 Lakhs for 10 years is ₹14,878.

The EMI at an interest rate of 8.50% p.a. will amount to ₹10,414.

For a repayment tenure of 25 years, the EMI will be ₹9,663 at an interest rate of 8.50% p.a.

Yes, you can apply for a housing loan with a low credit score. However, you may have to pay a higher interest rate.

Yes, you can prepay and foreclose your home loan of ₹12 Lakhs. However, you may be required to pay a nominal fee for utilising this facility. Ensure to check the applicable charges with your lender prior to making any financial decisions.

View More
Home
Home
ONDC_BD_StealDeals
Steal Deals
Credit Score
Credit Score
Accounts
Accounts
Explore
Explore

Trending Categories

Loans

Personal Loan, Business Loan, Collateral

arrow

Investment

Fixed Deposit, Mutual Fund, NPS, Demat A/C, SGB

arrow

Insurance

General Insurance, Life Insurance, Term Insurance

arrow

Stock Market

Stocks, IPOs

arrow

ONDC

Smart Phone, Speaker, EarPhone

arrow

Related Calculators

Personal loan EMI Calculator

Home Loan EMI Calculator

Gold Loan EMI Calculator

Business Loan Eligibility Calculator

Our Products

Personal Loan
Pre-approved
Personal Loan
KreditBee
Olyv
Federal Bank
mPokket
15+
Quick Approval
100% Digital Application
Affordable Interest Rates
Business Loan
Lendingkart
IIFL
Indifi
Credit Saison
10+
Popular Choice
No Documentation
4-step Process
Home Loan
Bajaj Housing Finance
ICICI Bank
L&T Finance
Vridhi Home Finance
10+
Flexible Repayment Tenure
High-value Funding
Zero Prepayment Charges
Home Loan Balance Transfer
Shriram Housing Finance
LIC HFL
PNB Housing Finance
Shubham Housing Finance
7+
Top-up Facility
Minimal Paperwork
Hassle-free Process
Two-wheeler Loan
Bajaj Auto Finance
L&T Financial Services
Muthoot Capital
2+
Pre-approved Offers
Easy Cash Options
Flexible Repayment Tenures
Credit Card
Axis Bank
ICICI Bank
RBL Bank
Rupicard
30+
Promotional Offers
Travel Benefits
Rewards Programs
EMI Card
Bajaj Finserv
1
Zero Forecloseure Charges
High Loan Limit
Flexible Tenure
Fixed Deposit
Bajaj Finance
Yes Bank
PNB Housing Finance
Ujjivan Small Finance Bank
5+
Assured Returns
Credit Facility
Tax Benefits
Mutual Fund
Axis Mutual Fund
Edelweiss Mutual Fund
Union Mutual Fund
Kotak Mahindra Mutual Fund
43+
Tax Benefits
Professional Fund Management
Portfolio Diversification
Demat
Bajaj Financial Securities Limited
1
Instant Transfer
Multiple Access
Collateral for Loan
Health Insurance
TATA AIG
ABHI
BAGIC
Care Health Insurance
4
Cost-effective Policies
Easy Comparison
High Coverage
Car Insurance
TATA AIG
SBI General Insurance
HDFC ERGO
Bajaj Allianz
4
Multiple Covers
No-claim Bonus
Cashless Claim Facility
Bike Insurance
SBI General Health Insurance
HDFC ERGO 2W Insurance
Bajaj Allianz Two Wheeler Insurance
3
Efficient Claim Settlements
Low Premiums
No Claim Bonus
Pocket Insurance
One Assist
ABHI
Niva Bupa
Manipal Cigna
7+
Affordable Premiums
Easy Online Application