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₹70 Lakh Home Loan EMI

Get complete details on ₹70 Lakhs home loan EMIs for different tenures. Use an easy EMI calculator to plan your repayment smoothly and manage your finances better.

Your Monthly Loan EMI

₹ 58,442

Total Interest

₹ 2,012,982

Principal Amount

₹ 50,00,000

Total Payable Amount

₹ 70,12,982

Loan Amount

Interest Rate

- +

Tenure

- +

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You can easily compare Home Loan offers from multiple lenders on Bajaj Markets.

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Year	EMI	Principal	Interest	Balance

A home loan of ₹70 Lakhs can be easier to manage if you choose the right loan tenure and interest rate. Knowing how your monthly EMI varies with different repayment periods allows you to plan your finances better.

For Example:

If you take a ₹70 Lakh home loan at an interest rate of 7.99% p.a. for a tenure of 8 years, your estimated EMI would be around ₹98,921. Across the loan term, you would pay a total interest of approximately ₹24,96,433. So, your overall repayment, combining principal and interest, would come to about ₹94,96,433.

₹70 Lakh Home Loan EMI for Different Tenures

The EMI for a ₹70 Lakh home loan varies based on the loan tenure. Check the table below to see approximate EMI amounts for tenures ranging from 5 to 30 years at an interest rate of 7.99% p.a.

Tenure	Loan Amount	Interest Rate	EMI Amount
5 years	₹70 Lakhs	7.99% p.a.	₹1,41,901
10 Years	₹70 Lakhs	7.99% p.a.	₹84,892
15 Years	₹70 Lakhs	7.99% p.a.	₹66,855
20 Years	₹70 Lakhs	7.99% p.a.	₹58,507
25 Years	₹70 Lakhs	7.99% p.a.	₹53,981
30 Years	₹70 Lakhs	7.99% p.a.	₹51,315

Disclaimer: The values mentioned are approximate and meant for illustration only. For precise EMI details, it is advisable to contact your lender directly.

₹70 Lakh Home Loan: EMI and Interest Payable for Various Tenures

A ₹70 lakh home loan comes with different EMI amounts, and the total interest payable depends on your chosen tenure.

Shorter tenures, like 5 or 10 years, have higher EMIs but lower overall interest costs. On the other hand, longer tenures, like 20 or 30 years, reduce your monthly EMI but increase the total interest paid over time.

₹70 Lakh Home Loan EMI for 5 Years

The total interest charges and total payable amount of a ₹70 Lakhs home loan EMI for 5 years are given below in the table:

Loan Amount	₹70 Lakhs
Interest Rate	7.99% p.a.
Loan Tenure	5 years
EMI Payable	₹1,41,901
Total Interest Payable	₹15,14,076
Total Payable Amount	₹85,14,076

Disclaimer: The values mentioned above are indicative. Check the actual payable EMIs with your lender before applying.

₹70 Lakh Home Loan EMI for 10 Years

Here is an overview of the total interest charges and total payable amount for a ₹70 Lakh home loan EMI for 10 years:

Loan Amount	₹70 Lakhs
Interest Rate	7.99% p.a.
Loan Tenure	10 years
EMI Payable	₹84,892
Total Interest Payable	₹31,87,080
Total Payable Amount	₹1,01,87,080

Disclaimer: The values mentioned above are indicative. Check the actual payable EMIs with your lender before applying.

₹70 Lakh Home Loan EMI for 15 Years

Here is the breakdown of a ₹70 Lakhs home loan EMI for 15 years:

Loan Amount	₹70 Lakhs
Interest Rate	7.99% p.a.
Loan Tenure	15 years
EMI Payable	₹66,855
Total Interest Payable	₹50,33,943
Total Payable Amount	₹1,20,33,943

Disclaimer: The values mentioned above are indicative. Check the actual payable EMIs with your lender before applying.

₹70 Lakh Home Loan EMI for 20 Years

Here are the details of the total interest charges and total payable amount for a ₹70 Lakh home loan EMI for 20 years:

Loan Amount	₹70 Lakhs
Interest Rate	7.99% p.a.
Loan Tenure	20 years
EMI Payable	₹58,507
Total Interest Payable	₹70,41,739
Total Payable Amount	₹1,40,41,739

Disclaimer: The values mentioned above are indicative. Check the actual payable EMIs with your lender before applying.

₹70 Lakh Home Loan EMI for 25 Years

The total interest charges and total payable amount for a ₹70 Lakh home loan EMI for 25 years are:

Loan Amount	₹70 Lakhs
Interest Rate	7.99% p.a.
Loan Tenure	25 years
EMI Payable	₹53,981
Total Interest Payable	₹91,94,232
Total Payable Amount	₹1,61,94,232

Disclaimer: The values mentioned above are indicative. Check the actual payable EMIs with your lender before applying.

₹70 Lakh Home Loan EMI for 30 Years

The following table provides the total interest charges and total payable amount for a ₹70 Lakh home loan EMI for 30 years:

Loan Amount	₹70 Lakhs
Interest Rate	7.99% p.a.
Loan Tenure	30 years
EMI Payable	₹51,315
Total Interest Payable	₹1,14,73,303
Total Payable Amount	₹1,84,73,303

Disclaimer: The values mentioned above are indicative. Check the actual payable EMIs with your lender before applying.

How to Calculate Home Loan EMI for ₹70 Lakhs

You can calculate your Home Loan EMI using the given formula:

EMI = [P × R × (1+R)^N] / [(1+R)^N – 1]

Where:

P = Loan amount
R = Monthly interest rate (Annual interest rate ÷ 12 ÷ 100)
N = Loan tenure in months

For example, if you borrow ₹70 Lakhs from Bajaj Markets at an annual interest rate of 7.99% for 54 months, your EMI will be approximately ₹1,54,754. You have to pay a total interest of ₹13,56,704, resulting in a total repayment amount of ₹83,56,704.

Instead of performing manual calculations for monthly EMIs, use our house loan EMI calculator online to save time and quickly compare results for different values.

Interest Rates Offered by Different Lenders

You can easily compare top lenders on Bajaj Markets, offering competitive home loan interest rates. Below is a table showing the estimated EMI and total interest payable for a ₹70 Lakh home loan with a tenure of 84 months.

Lenders	Min. Interest Rate	Max. Tenure	EMI	Total Interest Payable
Bajaj Housing Finance	7.49% p.a.	84 months	₹1,09,069	₹21,61,765
PNB Housing Finance	8.50% p.a.	84 months	₹1,10,855	₹23,11,853
South Indian Bank	8.50% p.a.	84 months	₹1,10,855	₹23,11,853
L&T Finance	7.65% p.a.	84 months	₹1,11,208	₹23,41,449
LIC Housing Finance	8.65% p.a.	84 months	₹1,11,384	₹23,56,268
Sammaan Capital	8.75%	84 months	₹1,11,737	₹23,85,945
ICICI Bank	9.00% p.a.	84 months	₹1,12,624	₹24,60,378
Truhome Finance	11.50%	84 months	₹1,21,705	₹32,23,239
Home First Finance Company	9.00%	84 months	₹1,12,624	₹24,60,378
India Shelter	13.00%	84 months	₹1,27,344	₹36,96,874
Shubham Housing Finance	10.90%	84 months	₹1,19,489	₹30,37,103
Vridhi Home Finance	12.00%	84 months	₹1,23,569	₹33,79,807

Disclaimer: The values mentioned above are indicative. Check the actual payable EMIs with your lender before applying.

Home Loan EMI on Different Amounts

12 Lakh Home Loan EMI	10 Lakh Home Loan EMI	35 Lakh Home Loan EMI
20 Lakh Home Loan EMI	25 Lakh Home Loan EMI	45 Lakh Home Loan EMI
30 Lakh Home Loan EMI	40 Lakh Home Loan EMI	60 Lakh Home Loan EMI
50 Lakh Home Loan EMI	1 Crore Home Loan EMI	65 Lakh Home Loan EMI
75 Lakh Home Loan EMI	15 Lakh Home Loan EMI	80 Lakh Home Loan EMI
85 Lakhs Home Loan EMI	90 Lakhs Home Loan EMI	95 Lakhs Home Loan EMI

Frequently Asked Questions

What is the eligibility for a ₹70 Lakh home loan?

To apply for a ₹70 Lakh home loan on Bajaj Markets, you must be an Indian citizen. Salaried individuals should be 23-67 years old with 3 years of work experience, while self-employed individuals must be 23-70 years old with 5 years in business.

What documents are required for a ₹70 Lakh house loan?

The following documents are required for a ₹70 Lakh home loan:

ID Proof: Aadhaar, PAN, Voter ID, or Driving Licence
Address Proof: Utility bill, Aadhaar card, or Passport
Income Proof (Salaried): Last 3 salary slips and last 2 years’ ITR
Income Proof (Self-employed): 2 years’ ITR and business proof

What is the interest rate range for a ₹70 Lakh home loan in India?

The interest rate for a ₹70 Lakh home loan from lenders on Bajaj Markets starts from 7.45% p.a. It may vary based on the lender, your profile, and loan tenure.

What is the tenure range available for a ₹70 Lakh home loan?

The maximum tenure for a home loan depends on the lender's policies and your financial profile.

Can I get a ₹70 Lakh home loan with a low credit score?

You can still secure a ₹70 Lakh home loan with a low credit score, but it may be challenging. Lenders may charge a higher interest rate or offer stricter loan conditions.

What happens if I miss an EMI payment on my ₹70 Lakh home loan?

If you miss an EMI on your loan, the bank will charge a penalty, and your credit score will be reduced. If you miss many EMIs, the bank might take legal steps against you.

Can I get a joint home loan for ₹70 Lakhs?

Yes, you can take a joint home loan for ₹70 Lakhs. Applying with your spouse or a family member can boost your eligibility, improve approval chances, and even help you get better loan terms.

What is the minimum salary required for a ₹70 Lakh home loan?

The minimum salary required for a ₹70 Lakh home loan is typically above ₹1 lakh per month. However, the exact amount may vary depending on the lender’s eligibility criteria and your loan tenure.