Rs. 45 Lakh Home Loan EMI

A Rs. 45 Lakh Home Loan is a long-term commitment. You must be prepared and plan your budget in advance before availing of a home loan. It is crucial to understand all the merits and demerits of applying for such a big-ticket loan. The EMI for Rs. 45 Lakhs home loan may vary from bank to bank depending on the interest rate charged by the bank and the repayment tenure chosen by the borrower. 

Following are the details of Rs. 45 Lakh home loan EMI for 10 years, 20 years and 30 years tenure at a 8.50% p.a. interest rate:

You can also Apply for Indiabulls Home Loan and check EMI, Interest rate and Eligibility Online to avail offer.

Many banks, Non-Banking Financial Companies (NBFCs), Housing Finance Companies (HFCs) offer home loans of Rs. 45 Lakh in India at different interest rates on Home Loan.

The table for different Home Loan interest rates of the top 10 banks and NBFCs for a home loan of Rs. 45 Lakhs is given below:

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 45 lakh 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. 45 Lakh home loan EMI for 10 years tenure at a 8.50% p.a. interest rate would be Rs. 55,433. The EMI on an Rs. 45 Lakhs loan for a repayment tenure of 10 years differs from lender to lender based on the rate of the interest rate charged and the borrower’s Home Loan Eligibility.

Following is the table of different EMIs on Rs. 45 Lakhs loan for different interest rates for 10 years tenure: 

You can now check ICICI Bank Home Loan Status Online

The Rs. 45 Lakh home loan EMI for 20 years tenure at a 8.50% p.a. interest rate would be Rs. 39,052. The EMI on an Rs. 45 Lakhs loan for a repayment tenure of 20 years differs from lender to lender based on the rate of the interest rate charged and the borrower’s Home Loan Eligibility.

You can also check SBI Home Loan Eligibility Online.

EMI for 45 Lakhs home loan for 30 years will be Rs. 34,601 at an interest rate of 8.50% p.a. The EMI may change depending on the lender’s policy, the applicable interest rate and the borrower’s eligibility. You can use the Home Loan EMI Calculator available on our website for calculating the EMI for Rs. 45 Lakhs home loan for various tenures and interest rates.

Below is the table of different EMIs on Rs. 45 Lakhs loan at the different interest rates for 30 years tenure: 

Applicants must meet the eligibility criteria mentioned below to be eligible for a home loan of Rs. 45 Lakhs:

Eligibility Criteria for Salaried 

• Should be resident Indians.
• Should be in the age group of 18 and 65 years.
• Should have a work experience of minimum 3 years.
• Should be earning a minimum monthly income of Rs. 25,000.

Eligibility Criteria for Self-employed 

• Should be resident Indians.
• Should be in the age group of 21 and 70 years.
• Should have at least 3 years of business continuity.
• Should be earning at least Rs. 2,60,000 annually.

You can also check SBI Home Loan Eligibility Online.

You need the following documents to apply for an Rs. 45 Lakhs home loan:

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

You can also Check Pan Number for All Banks

The step-by-step process to apply for a home loan of Rs. 45 Lakhs 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 Home Loan Customer Care Number