Rs. 35 Lakh Home Loan EMI

A home loan of Rs. 35 Lakhs is a long-term commitment and that’s why it is extremely important to understand all the pros and cons of taking such a huge loan amount before applying for the loan. The EMI for an Rs. 35 Lakhs home loan may differ from bank to bank and borrower to borrower depending on the interest rate applicable on the loan and tenure of repayment.

Following are the details of 35 Lakh home loan EMI for 5 years, 10 years, 15 years, 20 years and 30 years tenure at 8.45% p.a. interest rate:

Additional Info: Also check Home Loans in Bangalore

Many banks and other financial institutions offer Rs. 35 Lakh Home Loan in India at different interest rates. The table for different Home Loan Interest Rates of the Top 10 banks and NBFCs for a Home Loan of Rs. 35 Lakhs is given below:

Additional Info: Best Home Loan Interest Rates @8.45%

The Rs. 35 Lakh home loan EMI for 10 years tenure at a 8.45% p.a. interest rate would come to Rs. 43,301. The EMI on an Rs. 35 Lakhs Home Loan for a tenure of 10 years varies from lender to lender based on the interest rate offered and the borrower’s eligibility.

Below is the table for Rs. 35 Lakhs Loan EMI, total Interest payable and total Repayment at 8.45% interest rates for 10 years tenure:

The EMI for 35 Lakhs home loan for 20 years tenure at an 8.45% p.a. rate of interest will be Rs. 30,263. The EMI varies from lender to lender based on the rate of interest offered and the borrower’s profile. 

Below is the table for Rs. 35 Lakhs Loan EMI, total Interest payable and total Repayment at 8.45% interest rates for 20 years tenure:

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EMI for 35 Lakhs home loan for 30 years tenure will be Rs. 26,171 at an interest rate of 8.45% p.a. The EMI can vary depending on the lender’s policy, the interest rate offered by the lender and the borrower’s eligibility. You can use the EMI Calculator available on our website for calculating the EMI for Rs. 35 Lakhs home loan for various tenures and interest rates. 

Below is the table for Rs. 35 Lakhs Loan EMI, total Interest payable and total Repayment at 8.45% interest rates for 30 years tenure:

Additional Info: Also Check & Apply for SBI Plot Loan

You have to meet the Home Loan Eligibility Criteria given below to be eligible to avail of a home loan of Rs. 35 Lakhs:

Eligibility Criteria for Salaried Borrowers

• Applicants should be resident Indians.
• Applicants should be aged between 18 and 65 years.
• Applicants should have a work experience of at least 3 years.
• Applicants should be earning a minimum monthly income of Rs. 25,000 on a regular basis.

Eligibility Criteria for Self-employed Borrowers

• Applicants should be resident Indians.
• Applicants should be aged between 21 and 70 years.
• Applicants should have at least 3 years of business continuity.
• Applicants should be earning at least Rs. 2,60,000 per year.

Additional Info: Looking for 80 Lakh Home Loan? Check EMI & Apply

The following documents are required to be submitted to apply for a Rs. 35 Lakhs home loan:

• Duly filled in & signed home loan application form.
• Recent passport-sized photographs of applicants and co-applicants.
• Identity proof, such as Aadhaar Card, Driving License, Passport, Voter ID, etc.
• Address proof, such as Aadhaar Card, Driving License, Passport, Voter ID, etc.
• Age proof, such as Birth Certificate, Class 10th Certificate, etc.
• Bank statements of last 6 months.
• Form 16 or Income Tax Return.
• Processing fee cheque.
• Balance Sheet and P&L Statement of the last 3 years certified by a CA certified (for self-employed applicants).
• Business profile of self-employed applicants.

Additional Info: Also check Documents Required For Home Loan

Follow the steps given below to apply for a home loan of Rs. 35 Lakhs:

• Visit our website and then click on the ‘Home Loan’ tab under the ‘Loans’ section.
• Fill out the online home loan application completely and accurately by entering all the mandatory details.
• Enter the ‘OTP’ received on your registered mobile number.
• Click on the ‘Submit’ button to receive the best home loan offer quote.
• Housing loan offers will be displayed on the screen according to the information entered by you.
• Choose your preferred option and apply online.
• Our home loan experts will contact you regarding the home loan process completely.

Additional Info: Also Check Home Loan for Salaried Person