Rs. 1 Crore Home Loan EMI

There are many banks, non-banking financial companies (NBFCs) and other financial institutions that offer Rs. 1 Crore Home Loan at different interest rates. Following are the interest rates of top ten banks and NBFCs for a Home Loan of Rs. 1 Crore.

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

Every Home Loan EMI is subject to the loan amount sanctioned, the applicable interest rate and the selected repayment tenure. Home Loan EMI for a Rs 1 Crore home loan can be easily calculated through the Home Loan EMI calculator within a minute. MyMoneyMantra Home Loan EMI calculator can provide you the exact Home Loan EMI for the selected Home Loan amount, tenure and rate of interest. 

You’re just required to enter the desired home loan, the tenure in which you wish to repay the Home Loan and the interest rate quoted by the bank or housing financier. With MyMoneyMantra’s Home Loan EMI calculator, you can ascertain your monthly repayments before you take a Home Loan.

The Rs. 1 Crore home loan EMI for 10 years tenure at an interest rate of 8.50% p.a. would come to Rs. 1,23,986. 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.

You can also use Loan Prepayment Calculator to find out how much you will save on interest and how it affects your Loan EMI.

The EMI for 1 Crore home loan for 20 years tenure at an interest rate of 8.50% p.a. would come to Rs. 86,782. 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.

Looking for 30 lakh Home Loan? Check Interest rates, Eligibility, EMI Online & Apply Now!

EMI for Rs. 1 Crore home loan for 30 years of tenure will be Rs. 76,891 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.

You can also check features, benefits and documents required for DDA Housing Scheme. 

You have to meet the following Home Loan Eligibility Criteria to be eligible to avail of a home loan of Rs. 1 Crore:

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 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 can also check SBI Home Loan Eligibility Online through MyMoneyMantra

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.

You can also Check Pan Numbers for All Banks Online

Follow the steps given below to apply for a home loan up to Rs. 1 Crore:

• Visit MyMoneyMantra and click on the ‘Home Loan’ tab.
• Fill in the online form for a housing loan by entering all the required details.
• Enter ‘OTP’ received on your mobile to receive the best offer quote.
• Click on the ‘Submit’ button.
• Various offers will be displayed on the screen as per the details entered by you.
• Choose the preferred option and apply.
• Our home loan experts will contact you regarding the home loan process completion.