Rs. 1 Crore Home Loan EMI

Following are the details of EMI for 1 Crore home loan for 30 years, 20 years, 15 Years, 10 years and 5 years tenure at an interest rate of 8.50%p.a.

The EMI is calculated for a tenure of 30 years for different interest rates within the slab stipulated for each bank:

The Rs. 1 Crore home loan EMI for 10 years tenure at an interest rate of 8.50% p.a. would come to Rs. 1,23,452. The EMI on a loan of Rs. 1 Crore for a tenure of 10 years varies from lender to lender depending on their rate of interest and borrower’s eligibility.

The EMI for 1 Crore home loan for 20 years tenure at an interest rate of 8.50% p.a. would come to Rs. 86,150. The EMI on a loan of Rs. 1 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.

EMI for Rs. 1 Crore home loan for 30 years of tenure will be Rs. 76,184 at an interest rate of 8.50% p.a. There can be a change in the EMI on an Rs. 1 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. 1 Crore home loan EMI calculator available on our website to calculate the EMI for Rs. 1 Crore home loan for various tenures and interest rates.

Eligibility for Salaried Applicants

• Applicants should be Indian residents.
• Applicants should be aged between 18 to 65 years.
• Applicants should have at least 3 years of work experience.
• Applicants should be earning a monthly income of at least Rs. 1,30,000.
• Credit score is also a major factor which impact interest rate of home loan. So, check your credit score before applying for a loan.

Eligibility for Self-employed Applicants

• Applicants should be Indian residents.
• Applicants should be aged between 18 to 65 years.
• Applicants should have a profitable business for at least the last 5 years.

You will have to submit the following documents to apply for Rs. 1 Crore home loan:

• Duly filled and signed home loan application form.
• Recent passport-sized photographs of the applicant.
• Identity proof like Aadhaar Card, Passport, Driving License, Voter ID, etc.
• Address proof like Aadhaar Card, Passport, Driving License, Voter ID, etc.
• Age proof like Birth Certificate, Class 10th Certificate, etc.
• Bank statements of last 6 months.
• Processing fee cheque.
• Form 16 or Income Tax Return.
• CA certified Balance Sheet and Profit & Loss Statement of last 3 years for self-employed applicants.
• Business profile of self-employed applicants.