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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 8.50% p.a. interest rate:
Loan Amount (₹) | Interest Rate (p.a.) | Tenure | EMI |
---|---|---|---|
Rs. 35,00,000 | 8.50% | 5 Years | Rs. 71,639 |
Rs. 35,00,000 | 8.50% | 10 Years | Rs. 43,208 |
Rs. 35,00,000 | 8.50% | 15 Years | Rs. 34,261 |
Rs. 35,00,000 | 8.50% | 20 Years | Rs. 30,153 |
Rs. 35,00,000 | 8.50% | 30 years | Rs. 26,664 |
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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:
HDFC Bank | 8.50% - 9.40% |
HSBC Bank Home Loan | 8.60% - 8.85% |
Kotak Mahindra Bank | 8.75% - 9.60% |
IDFC Bank Home Loan | 8.85% - 9.25% |
PNB Housing Finance Ltd. | 8.50% - 11.25% |
Federal Bank Home Loan | 8.80% p.a. onwards |
Bajaj Finserv | 8.50% - 15.00% |
State Bank of India | 8.40% - 10.15% |
Bank of Maharashtra | 8.60% - 10.80% |
Tata Capital | 8.60% - 10.10% |
Compare Best Home Loan Interest Rates starting @8.50% from multiple Banks and NBFCs.
The Rs. 35 Lakh home loan EMI for 10 years tenure at a 8.50% p.a. interest rate would come to Rs. 43,208. 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 8.50% interest rates for 10 years tenure:
Loan Amount | Rs. 35,00,000 |
Rate of Interest | 8.50% p.a. |
Tenure | 10 years |
EMI | Rs. 43,208 |
Total Interest | Rs. 16,84,963 |
Total Repayment | Rs. 51,84,963 |
Name of Bank | Rate of Interest | EMI |
HDFC Bank | 8.50% - 9.40% | Rs. 43,208 |
HSBC Bank | 8.60% - 8.85% | Rs. 43,582 |
Kotak Mahindra Bank | 8.75% - 9.60% | Rs. 44,053 |
IDFC First Bank | 8.85% - 9.25% | Rs. 44,053 |
PNB Housing Finance | 8.50% - 11.25% | Rs. 43,864 |
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The EMI for 35 Lakhs home loan for 20 years tenure at an 8.50% p.a. rate of interest will be Rs. 30,153. 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 8.50% interest rates for 20 years tenure:
Loan Amount | Rs. 35,00,000 |
Rate of Interest | 8.50% p.a. |
Loan Tenure | 20 years |
Loan EMI | Rs. 30,153 |
Total Interest Payable | Rs. 37,36,638 |
Total Repayment (Principal + Interest) | Rs. 72,36,638 |
Name of Bank | Rate of Interest | EMI |
HDFC Bank | 8.50% - 9.40% | Rs. 30,153 |
HSBC Bank | 8.60% - 8.85% | Rs. 30,596 |
Kotak Mahindra Bank | 8.75% - 9.60% | Rs. 31,154 |
IDFC First Bank | 8.85% - 9.25% | Rs. 31,154 |
PNB Housing Finance | 8.50% - 11.25% | Rs. 30,930 |
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EMI for 35 Lakhs home loan for 30 years tenure will be Rs. 26,664 at an interest rate of 8.50% 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 8.50% interest rates for 30 years tenure:
Loan Amount | Rs. 35,00,000 |
Rate of Interest | 8.50% p.a. |
Loan Tenure | 30 years |
Loan EMI | Rs. 26,664 |
Total Interest Payable | Rs. 60,99,154 |
Total Repayment (Principal + Interest) | Rs. 95,99,154 |
Name of Bank | Rate of Interest | EMI |
HDFC Bank | 8.50% - 9.40% | Rs. 26,664 |
HSBC Bank | 8.60% - 8.85% | Rs. 27,160 |
Kotak Mahindra Bank | 8.75% - 9.60% | Rs. 27,785 |
IDFC First Bank | 8.85% - 9.25% | Rs. 27,785 |
PNB Housing Finance | 8.50% - 11.25% | Rs. 27,535 |
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You have to meet the Home Loan Eligibility Criteria given below to be eligible to avail of a home loan of Rs. 35 Lakhs:
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The following documents are required to be submitted to apply for a Rs. 35 Lakhs home loan:
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Follow the steps given below to apply for a home loan of Rs. 35 Lakhs:
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The EMI for an Rs. 35 Lakhs home loan varies depending on the two crucial factors, i.e. the interest rate on the loan and tenure of repaying the loan. You can use our 35 Lakhs home loan EMI calculator to calculate Rs. 35 lakhs home loan EMI for different interest rates and tenures.
The minimum salary required for Rs. 35 Lakh home loan is Rs. 40,000 - 45000 per month.
SBI offers home loans for a maximum tenure of 30 years. The interest rate for home loans at SBI ranges from 8.50% p.a. The EMI for an 35 Lakhs home loan in SBI for 30 years tenure ranges from Rs. 28,540 to Rs. 30,070.
HDFC offers home loans for a maximum tenure of 30 years. The interest rate for home loans at HDFC ranges from 8.50% - 9.40% p.a. The EMI for a 35 Lakhs home loan in HDFC for 30 years tenure is Rs. 26,664.
According to the Home Loan Eligibility Calculator available online, you can get up to Rs. 20,48,345 home loan on an Rs. 35,000 monthly salary. The loan amount depends on the income of the borrower and existing EMI obligations as well.