₹70 Lakh Home Loan EMI

Getting a home loan of ₹70 Lakhs to purchase your dream house is a significant decision and requires strategic planning. Calculating the loan EMI well in advance helps you zero in on suitable loan terms, enabling you to manage your repayment hassle-free. 

For better financial management, you can use an EMI calculator to compute the EMI for a home loan of ₹70 Lakhs across various tenures. Enter the interest rate, loan amount, and tenure to calculate the EMI instantly.

Let’s assume that you got the home loan at an interest rate of 8.50% p.a. Check out this table and see how the ₹70 Lakhs home loan EMI varies across different tenures.

Here is the calculation of EMI for a home loan of ₹70 Lakhs for 10 years.

Check out this table to know the EMI for a home loan of ₹70 Lakhs for 20 years.

This table includes the calculation of EMI for a home loan of ₹70 Lakhs for 30 years:

Some common criteria you need to fulfil to be eligible for a home loan of ₹70 Lakhs are as follows:

• Indian citizenship

• For self-employed applicants

  • Age: 25 to 70 years 

  • Business vintage: At least 5 years

• For salaried applicants

  • Age: 23 to 62 years

  • Work experience: At least 3 years
    

Also, you will be asked to provide the documents listed below:

• Identity proof: Aadhaar card, PAN card, voter ID, driving licence, etc.

• Address proof: Aadhaar card, passport, utility bills, etc.

• Income proof: 

• For Salaried:

  • Form 16

  • ITR filings of the previous 2 years

  • Salary slips of the previous 3 months

• For Self-employed: 

  • Certificates proving their qualification for self-employed professionals

  • TDS certificate

  • Business licence details

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

  • Profit and loss statement of the previous 3 years

  • ITR filings of the previous 2 years