EMI on Home Loans of ₹25 Lakhs

Understanding how your monthly instalments of a home loan of ₹25 Lakhs are calculated helps you make wise financial decisions and stick to your budget. Learning about how your EMIs work becomes important as it helps you manage your finances better and turn your dream home into a reality effortlessly.

Typically, opting for a longer tenure results in more manageable EMIs, but comes with higher overall interest payments throughout the loan tenure. Meanwhile, a shorter tenure leads to increased EMIs and reduces the total interest costs. Using digital EMI calculators proves invaluable in promptly computing EMIs for diverse loan offers. These user-friendly, digital tools empower you to effortlessly compare various options, enabling you to find a repayment structure that aligns with your financial requirements.

Considering that the interest rate is 9% p.a., and the tenure for the home loan is set at 10 years, the EMI amount will be:

If the tenure is increased to 20 years, the EMI details are as of follows:

Similarly, if the tenure is 30 years, the EMI decreases substantially, while there is a huge increase in the interest costs. The breakdown is as follows:

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

Before applying, it is crucial to conduct comprehensive research and review the eligibility criteria and documents required for a home loan of ₹25 Lakhs. This diligence ensures a seamless process, allowing you to secure the desired amount with ease.