₹1 Crore Home Loan EMI & Interest Rate

Enjoy attractive interest rates starting at 8.45% p.a. with flexible EMI options

₹1 Crore Home Loan EMI

Calculating your home loan EMI in advance could save you from unnecessary stress. Let’s say you have taken a home loan of ₹1 crore at an interest rate of 8.45% p.a. for a tenure of 20 years. Upon calculation, your ₹1 crore home loan EMI would come up to ₹86,466. You can take this data to plan your repayments in advance. This would help you better manage your finances.
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₹1 Crore Home Loan EMI Details

You need to repay your home loan in Equated Monthly Instalments or EMIs. Your home loan EMI depends on three factors – the loan amount, applicable interest rate and tenure. Let’s understand EMI for ₹1 crore home loan with an example.

We have considered repayment tenures of 10 years, 15 years, 20 years, 25 years and 30 years and interest rate of 8.45% p.a. to give you a clearer picture regarding how your monthly repayment obligations would look like.

Loan Amount (₹)Interest Rate (p.a.)TenureEMI
₹1,00,00,0008.45%10 Years₹1,23,718
₹1,00,00,0008.45%15 Years₹98,181
₹1,00,00,0008.45%20 Years₹86,466
₹1,00,00,0008.45%25 Years₹80,186
₹1,00,00,0008.45%30 Years₹76,537
Note: that this table is for illustrative purposes only

₹1 Crore Home Loan EMI Calculator

You can calculate your ₹1 crore home loan EMI manually or via an online home loan EMI calculator. However, manual calculations can be extremely time consuming and may leave for errors. A better alternative would be using a home loan EMI calculator.

EMI calculators are extremely easy to use. All you have to do is enter the loan amount, tenure and interest rate. Once done, you will be able to check your home loan EMI in a few seconds. 

Loan Amount

Rate of Interest (P.a)

%

Loan Tenure (Years)

Years

Monthly EMI

0

Total Interest

Total Amount

20 lakh Homeloan Interest and Other Charges

HL City InterestRate&Charges

₹1 Crore Home Loan Interest Rate & Other Charges

Navi offers home loans up to ₹5 crore at competitive interest rates and with flexible repayment tenures. Here are the charges associated with Navi Home Loan:
Enjoy attractive interest rates starting from 8.45% p.a.
Repay your loan at your convenience. Navi offers flexible EMI repayment tenures up to 30 years
No processing fee is charged for any loan amount
Prepay and foreclose your loan whenever you wish. Navi doesn’t charge any loan foreclosure fee
Check your loan eligibility and apply for the loan amount of your choice

How to Apply for ₹1 Crore Home Loan?

You can follow the steps given below to apply for a ₹1 crore home loan with Navi:

Download the Navi app from Play Store or App Store 

Enter personal and employment details
Do your KYC with PAN, Aadhaar and bank statement
Get loan approval and provisional sanction letter in minutes

How to Apply For 20 lakh Homeloan?

How To Apply

₹20 Lakh Home Loan Eligibility & Documents Required

HL City DocumentsRequired (1)

₹1 Crore Home Loan Eligibility & Documents Required

₹1 Crore Home Loan EMI for 20 Years

Want to know what would be your ₹1 crore home loan EMI for 20 years? You can either calculate it manually or use a home loan EMI calculator. For manual calculation, use the below formula:

EMI = {P x R x (1+R)^N} / {(1 + R)^N – 1}

Here,

P = Principal amount 

R = Interest rate/12/100. For an interest rate of 8.45% p.a., R would be 0.007. 

N = Number of EMIs you have to pay. For instance, if the loan tenure is 20 years, N would be 20 x 12 = 240

So, here’s what your EMI for a ₹1 crore home loan will look like if calculated manually. 

EMI = ₹{1,00,00,000 x 0.007 x (1 + 0.007)^240} / {(1 +0.007)^240-1} = ₹86,466

However, manual calculations are complex. Instead, use Navi Home Loan EMI Calculator to get quick and accurate results.

Loan Amount₹1,00,00,000
Rate of Interest8.45% p.a.
EMI₹86,466
Total Interest₹1,07,51,870
Total Repayment₹2,07,51,870

₹1 Crore Home Loan EMI for 25 Years

Now, let’s find out what would be the ₹1 crore home loan EMI for 25 years. As we saw, the formula for calculating home loan EMI is:

EMI = {P x R x (1+R)^N} / {(1 + R)^N – 1}

Where,

P = Principal amount/loan amount 

R = Interest rate  

N = Number of EMIs you will have to pay. For instance, if your loan tenure is 25 years, you will have to pay 300 EMIs. 

So, upon manual calculation, this is what the home loan EMI will look like: 

EMI = ₹{1,00,00,000 x 0.007 x (1 +0.007)^300} / {(1 +0.007)^300-1} = ₹80,186

Here, manual calculations would be too time-consuming and complex for regular usage. Our home loan EMI calculator is a better alternative which displays the results instantly. Take a look below:

Loan Amount₹1,00,00,000
Rate of Interest8.45% p.a.
EMI₹80,186
Total Interest₹1,40,55,812
Total Repayment₹2,40,55,812

₹1 Crore Home Loan EMI for 30 Years

Do wish to avail a home loan of ₹1 crore for an extended timeframe? Let us take a look at what a ₹1 crore home loan EMI for 30 years would be. The formula is as follows:

EMI = {P x R x (1+R)^N} / {(1 + R)^N – 1}

Here,

P = Principal amount/loan amount 

R = Interest Rate 

N = Number of EMIs you will have to pay. For example, if the home loan tenure is 30 years, you will have to pay 360 EMIs. 

Upon calculation, your ₹1 crore home loan EMI would be:

EMI = ₹{1,00,00,000 x 0.007 x (1 + 0.007)^360} / {(1 + 0.007)^360-1} = ₹76,537

While manual calculations can be complex and take up valuable time, Navi’s online home loan calculator provides accurate results instantly. 

Loan Amount₹1,00,00,000
Rate of Interest8.45% p.a.
EMI₹76,537
Total Interest₹1,75,53,419
Total Repayment₹2,75,53,419

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Frequently Asked Questions

The applicable interest rate could be high if you have a low credit score. An extremely poor credit score may also lead to loan rejection. Similarly, a high credit score could help you fetch better deals on your loans.
A home loan is a secured loan, meaning your home serves as a collateral against your loan. If you default on your loan, the lender has the right to seize your property to recover the loan amount.
Three factors mainly determine the home loan EMI amount – the loan amount, tenure and interest rate. A lengthy tenure calls for lower EMIs, however, you end up paying more as interest. Similarly, a shorter tenure means a large portion of your EMI goes towards the interest component. This results in lowering the interest amount. As a result, you end up paying less compared to a long-tenure loan.
Yes, you can always apply for a joint home loan with your spouse or relative. A major benefit is that it allows you to get more favourable terms and conditions if your co-applicant has a higher credit score. Moreover, a joint home loan reduces the entire risk factor which greatly increases your chances of getting the loan sanctioned.
When you transfer the outstanding amount of a home loan availed from a lender to a new lender, it is referred to as a loan balance transfer. You can choose a home loan balance transfer with Navi at the same applicable home loan interest rates on offer.

What our customers say about us

I had experience with two home loans in the past and I have wasted a lot of time into providing unnecessary documents. With Navi, I was surprised how convenient it was. I would highly recommend Navi to anyone looking for a home loan.
Navi made the process of securing a home loan very easy. everything was available at fingertips. Legal verification and valuation of the property went smoothly. Digital process really made the mortgage process simple.
Highly recommend this for home loan. Good interest rates, transparent process and fees. Whole process is streamlined and most of it is done online. Had a great experience!

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