2 Crore Home Loan EMI

There are many banks, non-banking financial companies (NBFCs) and other financial institutions that offer Rs. 2 Crore Home Loan at different interest rates. Following are the interest rates of top ten banks and NBFCs for a Home Loan of Rs. 2 Crore.

Disclaimer: The interest rates are as of 18-06-2026.

The EMI is Calculated for a Maximum tenure for different interest rates for Respective banks:

The monthly instalments have been calculated on the basis of an average interest rate of 7.10%. Interest rates differ from one bank to the other, and so does the 2 crore home loan EMI. Make sure you thoroughly check all the rates carefully before choosing any loan scheme. Your EMI on 2 Crore home loan also depends on your credit score.

The Rs. 2 Crore home loan EMI for 5 years tenure at a 7.10% p.a. interest rate would come to Rs. 3,96,968 The EMI on an Rs. 2 Crore Home Loan for a tenure of 5 years varies from lender to lender based on the interest rate offered and the borrower’s eligibility.

Taking a home loan of an amount as big as Rs 2 crores requires financial discipline. More so when you plan to take it for a tenure of 10 yrs .

Following table depicts different EMIs on Rs. 2 Crores loan for different interest rates for a tenure of 10 yrs:

You can also note the difference in total interest and total amount payable when you compare the minimum and maximum interest rate on your Rs 2 Crore home loan.

This is the most likely tenure which many of you will go for. Why? because it is a balance between home loan EMI and the overall home loan interest rate amount that you will pay at the end of the tenure.

Below is the table depicting different EMIs on Rs. 2 Crores loan at the different interest rates for 20 years tenure: 

The highest tenure that banks or any lending institution will grant you is 30 yrs. Be mindful that in this tenure you will accrue the lowest EMI but your overall payment to the bank will increase. So always go for that tenure for which your Rs 2 Crore home loan EMI fits within your budget. For this, you can use our home loan EMI calculator to assess and see how much monthly EMI you will have to pay on your 2 crores home loan.

Below is the table of different EMIs on Rs 2 Crores loan at the different interest rates for 30 years tenure: 

The factors that affect Rs. 2 Crore home loan EMI are:

• Income: Individuals employed in Central/State Government organisations and Public Sector Organisations have guaranteed income. The interest rates for loans to these individuals will be comparatively lower, and the cost of the loan will also be lower.
• Interest type: If you have chosen a fixed interest rate, then the rate of interest will be 1 to 2% higher than the floating interest rate. As per current trend it is advisable to go for a fixed interest rate initially for 3 yrs and then switch to floating rate of interest.
• LTV Ratio: The rate of interest charged depends on the LTV Ratio. Banks normally provide 80% of the market value of the property as a home loan. The higher the margin, the lower will be the interest rate as the risk associated will be lower for the lender. With a better interest rate, the EMI will also be lower.
• Tenure: A longer tenure will lead to a higher EMI and vice versa.

• MCLR, Repo Rate or other benchmark is a key determinant of your home loan interest rate, as banks or other financial institutions use these benchmarks for deciding interest rates.
• The location of the property you wish to purchase can also impact home loan interest rates. Usually, properties situated in developed areas are associated with lower risk and are more marketable.
• Lenders examine borrowers’ employment type and stability for determining home loan interest rates. Rates tend to be lower for applicants maintaining steady employment in respected organisations as they demonstrate better repayment potential.
• Home loan interest rates are generally higher for self-employed applicants since their income is unpredictable due to independent employment status. However, salaried employees usually get better rates. 
• Home loan interest rates also depend on how long the borrower takes to repay the loan through EMIs. Short-term loans typically come with better interest rates as lenders have lower risk and the borrowing term ends sooner.

• Extended repayment tenure: You can opt for a longer repayment tenure of up to 30 years to reduce your EMI burden.
• Access to top-up loans: You can avail of additional funds through a top-up to meet personal or financial requirements without taking a separate loan.
• Interest type flexibility: There is an option to switch from fixed to floating interest rate or vice versa, depending on what suits your finances.
• Better customer experience: Many lenders provide superior service, faster transfer processing, and seamless digital platforms.

• Tax deduction on interest payment: Under Section 24(b)) of the Income Tax Act, a deduction of up to Rs. 2 Lakhs per annum can be availed on interest paid for self-occupied properties. You can also claim the pre-construction interest in five equal instalments after possession.
• Tax deduction on principal repayment: Under Section 80C of the Income Tax Act, principal repayment is eligible for up to Rs. 1.5 Lakhs tax deduction per annum. To claim this benefit, you must not sell the property within 5 years of purchase.
• Deduction for joint home loans: In joint housing loans, each co-borrower can claim deductions individually under Section 24(b) and Section 80C, provided they are both co-owners and also contribute to the EMI payments.

You have to meet the following Home Loan Eligibility Criteria to be eligible to avail of a home loan of Rs. 2 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 3,20,000.

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.

Also check How to Calculate Home Loan Eligibility on Your Own?

You will have to submit the following documents to apply for Rs 2 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 the 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.

Also Check Pan Number for Home Loan of All the banks Online through MyMoneyMantra

The step-by-step process to apply for a home loan of Rs 2 Crores is given below:

• Visit our website and click on the ‘Home Loan’ that is mentioned under the ‘Loans’ section.
• Fill out the online application accurately by entering all the details as required.
• Enter the ‘OTP’ received on your registered mobile number.
• Then click on the ‘Submit’ button to view the best home loan offer quotes.
• Home loan offers from our partner lenders will be displayed on your screen according to the information entered by you.
• Choose the lender preferred by you and apply online.
• Our home loan experts will connect with you soon regarding the completion of your home loan process.

You can also Check Loan Against Property Interest Rate for lowest LAP Interest Rates.