Get Rs 5 Crore home loan is a big amount. You will not only need to check your eligibility but also the Rs 5 crore home loan EMI that you can comfortably pay in 10, 20 or 30 yrs. The EMI for a Rs 5 Crore home loan at 8.50% p.a for 30 yrs is Rs. 3,79,154.
Updated: 31-05-2024 12:46:02 PM
Paying your Home Loan EMI is the first thing that you pay once your salary gets credited. It is very important to take into account the magnitude of your home loan EMI beforehand taking a loan of big amount as Rs 5 crore.
Following are the details of Rs 5 crore home loan EMI for 5 years, 10 years, 15 years, 20 years and 30 years tenure at a 8.50% p.a. interest rate:
EMI for a tenure of 5 years | Rs. 10,23,418 |
EMI for a tenure of 10 years | Rs. 6,17,258 |
EMI for a tenure of 15 years | Rs. 4,89,443 |
EMI for a tenure of 20 years | Rs. 4,30,752 |
EMI for a tenure of 30 years | Rs. 3,80,919 |
There are many banks, non-banking financial companies (NBFCs) and other financial institutions that offer Rs. 5 Crore Home Loan at different interest rates. Following are the interest rates of top ten banks and NBFCs for a Home Loan of Rs. 5 Crore. The EMI is calculated for a tenure of 30 years for different interest rates within the slab stipulated for each bank:
Banks | Best Home Loan Interest Rates | EMI (in Rs.) |
---|---|---|
HDFC | 8.75% – 9.65% | 3,79,154 |
HSBC Bank | 8.45% | 3,82,686 |
Kotak Mahindra Bank | 8.70% | 3,91,566 |
IDFC Bank | 8.75% | 3,93,350 |
PNB Housing Finance | 8.50% | 3,84,457 |
Federal Bank | 8.80% | 3,95,137 |
Bajaj Finserv | 8.50% – 15.00% | 3,84,457 |
L&T Housing Finance | 8.65% | 3,88,006 |
State Bank of India | 8.50% – 10.05% | 3,80,919 |
Tata Capital | 8.70% | 3,88,006 |
Central Bank of India | 8.50% – 9.50% | 3,86,230 |
The Rs. 5 Crore home loan EMI for 10 years tenure at an interest rate of 8.50% p.a. would come to Rs. 6,17,258 The EMI on a loan of Rs. 5 Crore for a tenure of 10 years varies from lender to lender depending on their rate of interest and borrower’s eligibility.
Loan Amount | Rs. 5,00,00000 |
Rate of Interest | 8.50% |
Loan Tenure | 10 years |
Loan EMI | Rs. 6,17,258 |
Total Interest | Rs. 2,40,70,901 |
Total Repayment | Rs. 7,40,70,901 |
The EMI for 5 Crore home loan for 20 years tenure at an interest rate of 8.50% p.a. would come to Rs. 4,30,752. The EMI on a loan of Rs. 5 Crore for a tenure of 20 years varies from lender to lender depending on the interest rate offered by the lender and the borrower’s eligibility.
Loan Amount | Rs. 5,00,00000 |
Rate of Interest | 8.50% |
Loan Tenure | 20 years |
Loan EMI | Rs. 4,30,752 |
Total Interest | Rs. 5,33,80,539 |
Total Repayment | Rs. 10,33,80,539 |
EMI for Rs. 5 Crore home loan for 30 years of tenure will be Rs. 3,80,919 at an interest rate of 8.50% p.a. There can be a change in the EMI on an Rs. 5 Crore loan amount for a tenure of 20 depending on the lender, interest rate offered by the lender and the eligibility of the borrower. You can use Rs. 5 Crore home loan EMI calculator available on our website to calculate the EMI for Rs. 5 Crore home loan for various tenures and interest rates.
Loan Amount | Rs. 5,00,00000 |
Rate of Interest | 8.50% |
Loan Tenure | 30 years |
Loan EMI | Rs. 3,80,919 |
Total Interest | Rs. 8,71,30,779 |
Total Repayment | Rs. 13,71,30,779 |