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Rs. 70 Lakh Home Loan EMI

Get 70 lakh home loan at just 8.50% home loan interest for 30 years. Your Rs.70 lakh home loan EMI will only be Rs 53,824. Apply now to secure a 70 lakh home loan today and step closer to the house you've always wanted.

Best Home Loan Offers Starting @8.50% p.a.

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You are just a few clicks away from the best Home Loan offer in your city. Currently home loan interest rate starts at 8.50% p.a for all loan amounts. Share your name, mobile number & email to check your eligibility and get a list of most affordable home loan schemes.

Best Home Loan Offers Starting @8.50% p.a.

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Rs. 70 Lakhs Home Loan EMI Details

A Rs. 70 Lakhs Home Loan is a long-term commitment – if you choose a long repayment tenure, your EMIs will be more manageable. So, you must prepare and plan your budget in advance before availing of the home loan. It is also important to understand all the benefits and downsides of applying for such a big-ticket loan. The EMI for Rs. 70 Lakh home loan may vary from bank to bank depending on the interest rate charged by the lender and the repayment tenure chosen by the borrower. Also, the borrower’s profile will play a vital role in determining the interest rate offered by the lender.

Following are the details of Rs. 70 Lakh home loan EMI for 5 years, 10 years, 15 years, 20 years and 30 years tenure at a 8.50% p.a. interest rate:

Loan Amount (in Rs)Interest Rate (p.a.)TenureEMI
Rs. 70,00,000.008.50%5 YearsRs. 1,43,279
Rs. 70,00,000.008.50%10 YearsRs. 86,416
Rs. 70,00,000.008.50%15 YearsRs. 68,522
Rs. 70,00,000.008.50%20 YearsRs. 60,305
Rs. 70,00,000.008.50%30 YearsRs. 53,329

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

Rs. 70 Lakh Home Loan EMI with Popular Bank, NBFCs and HFCs - 2024

Mostly, banks, NBFCs and HFCs offer home loans at floating interest rates. Where lenders provide home loans at fixed rates, generally, the interest rates are higher. Home loans can also be availed at hybrid interest rates (a combination of fixed interest rate for the first few years of the repayment tenure, and floating interest rates for the rest of the home loan tenure).

Almost all prominent lenders provide home loans of Rs. 70 Lakh in India. Some of the best banks that offer home loans of Rs. 70 Lakh are ICICI Bank, HDFC Bank, State Bank of India, Kotak Mahindra Bank, Punjab National Bank, Bank of Baroda, Bank of Maharashtra, Federal Bank, LIC Housing Finance, and Bajaj Housing Finance.

The sanctioned loan amount can be used for purchasing a flat/independent house, under-construction house, SBI Loan for Plot Purchase, and other housing-related purposes. The interest rate for the loan of Rs. 70 Lakh starts from 8.50% p.a. at present. This will vary from lender to lender and from borrower to borrower, based on their income, credit score, gender, and other eligibility criteria.

Many banks, Non-Banking Financial Companies (NBFCs), Housing Finance Companies (HFCs) offer home loans of Rs. 70 Lakh in India at different interest rates.

The table for different Home Loan interest rates of some top banks and NBFCs for a home loan of Rs. 70 Lakh is given below:

HDFC Bank8.75% - 9.65%Rs. 53,824
SBI8.50% - 10.05%Rs. 53,329
Kotak Mahindra Bank8.70%Rs. 54,819
Bajaj Finserv8.50% - 15.00%Rs. 53,576
ICICI Bank8.75%Rs. 56,324
PNB Housing8.50%Rs. 53,824
Tata Capital 8.70%Rs. 54,819
Federal Bank8.80%Rs. 55,319

* Point to note: Home loan borrowers who are unhappy with their high interest rates can use the Home Loan Balance Transfer facility to shift their existing loan to another lender who may be offering more attractive interest rates. However, processing fee and other charges need to be considered before planning to move one’s loan to another lender.

You can now check BOI MCLR Online

70 lakh Home Loan EMI Calculator

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 70 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.

70 lakh Home Loan

Rs. 70 lakh Home Loan EMI for 10 years  

The Rs. 70 Lakh home loan EMI for 10 years tenure at a 8.50% p.a. interest rate would be Rs. 86,416. The EMI on a Rs. 70 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.

Below is the table for Rs. 70 Lakhs Loan EMI, total Interest payable and total Repayment at 8.50% interest rates for 10 years tenure:

Rs. 70 Lakh Home Loan EMI for 10 Years
Loan AmountRs. 70,00,000.00
Rate of Interest8.50% p.a.
Loan Tenure10 years
Loan EMIRs. 86,416
Total Interest Rs. 33,69,926
Total RepaymentRs. 1,03,69,926

You can now check ICICI Bank Home Loan Status Online

Rs. 70 lakh Home Loan EMI for 20 years  

The Rs. 70 Lakh home loan EMI for 20 years tenure at a 8.50% p.a. interest rate would be Rs. 60,305. The EMI on a Rs. 70 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.

Below is the table for Rs. 70 Lakhs Loan EMI, total Interest payable and total Repayment at 8.50% interest rates for 10 years tenure:

Rs. 70 Lakh Home Loan EMI for 20 Years
Loan AmountRs. 70,00,000.00
Rate of Interest8.50% p.a.
Loan Tenure20 years
Loan EMIRs. 60,305
Total Interest Rs. 74,73,276
Total RepaymentRs. 1,44,73,276

You can now check ICICI Bank Home Loan Status Online

EMI for Rs. 70 lakhs Home Loan for 30 years

EMI for 70 Lakh home loan for 30 years will be Rs. 53,329 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. 70 Lakh home loan for various tenures and interest rates.

Below is the table for Rs. 70 Lakhs Loan EMI, total Interest payable and total Repayment at 8.50% interest rates for 30 years tenure:

Rs. 70 Lakh Home Loan EMI for 30 Years
Loan AmountRs. 70,00,000.00
Rate of Interest8.50% p.a.
Loan Tenure30 years
Loan EMIRs. 53,329
Total Interest Rs. 1,21,98,309
Total RepaymentRs. 1,91,98,309

You can also check HDFC Home Loan EMI Calculator

Eligibility for Rs. 70 Lakh Home Loan

The exact criteria for eligibility for a home loan application will be slightly different from bank to bank. However, in general, applicants must meet the eligibility criteria mentioned below to be eligible for a home loan of Rs. 70 Lakh:

Eligibility Criteria for Salaried

  • Should be Indian residents.
  • Should be in the age group of 23 to 62 years.
  • Should be working with a well-established organization and have a minimum work experience of 3 years.
  • Should meet the minimum monthly income specifications for their city.

Note: While the minimum salary requirement for a home loan of Rs 70 Lakh will vary from city to city and lender to lender, it is generally a good idea to calculate your monthly EMI first. In an ideal scenario, your monthly home loan EMI should not be over 50% of your salary. This means that a monthly salary of Rs 90,000 (or above) would greatly increase the chances of your Rs 70 Lakh home loan application being approved.

Eligibility Criteria for Self-employed

  • Should be resident Indians.
  • Should be in the age group of 25 and 70 years.
  • Should have been operating a stable business for a minimum of 5 years.
  • Should be earning at least Rs. 2,60,000 annually

* Minimum monthly income requirement for salaried and self-employed individuals will vary depending on the lending bank or NBFC. However, a minimum salary of Rs 25,000 is recommended. For self-employed individuals, the monthly income amount is usually higher (e.g. Rs 40,000)

* Also, applicant must have a healthy CIBIL score (650 and above)

You can also check SBI Home Loan Eligibility

Documents required for Rs. 70 Lakh Home Loan

You need the following documents to apply for a home loan of Rs. 70 Lakh:

  • Your home loan application form - duly filled in and signed.
  • Recent photographs in passport size.
  • Basic KYC documents such as your identity proof (Aadhaar Card/ Driving License/ Passport/ Voter ID, etc.), address proof (Aadhaar Card/ Driving License/ Passport/ Voter ID, etc.), and age proof (Birth Certificate/ Class 10th Certificate, etc).
  • Bank account statements of last 6 months.
  • Latest Form 16 or salary slips or Income Tax Return (for salaried individuals).
  • Balance Sheet and P&L Statement of the previous 3 years certified by a CA (for self-employed applicants).
  • Business profile of self-employed applicants.
  • Processing fee cheque.

Next step is to know more about the interest rates charged on home loans of Rs 70 lakh. Remember, your age at the time of loan maturity will play a part in determining the rate offered to you.

You can also Check Pan Number for All Banks

How to Apply Up to Rs. 70 Lakh Home Loan

The step-by-step process to apply for a home loan of Rs. 70 Lakh 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

70 Lakh Home Loan EMI FAQs

✅ What is the EMI for a Rs. 70 lakhs home loan?

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The EMI for a Rs. 70 Lakh home loan will vary from lender to lender as well as from borrower to borrower. Some factors on which the EMI would depend are: the interest rate on the loan, tenure of repayment, and the borrower’s credit profile. You can use our home loan EMI calculator available online on our website to calculate Rs. 70 Lakh home loan EMI for different interest rates and tenures.

✅ What is the minimum salary required for a Rs. 70 Lakh home loan?

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While the minimum salary requirement for a home loan of Rs 70 Lakh will vary from city to city and lender to lender, it is generally a good idea to calculate your monthly EMI first. In an ideal scenario, your monthly EMI should not be over 50% of your salary.  This means that a monthly salary of Rs 1,00,000 (or above) would greatly increase the chance of your Rs 70 Lakh home loan application being approved.

✅ What is 70 lakh home loan EMI for 30 years from Tata Capital?

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The home loan interest rates at Tata Capital start at 8.70%. Taking this rate into account, a home loan of Rs 70,00,000 over a repayment tenure of 30 years would result in an EMI of Rs. 54,819.

✅ What is 70 lakh home loan EMI for 30 years from LIC Housing Finance?

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The home loan interest rates at LIC Housing Finance start at 8.50%. So, a home loan of Rs 70,00,000 to be repaid over a period of 30 years would result in an EMI of Rs. 53,329.

✅ How much home loan can I get on a 60,000 salary?

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According to the standard rule followed by lenders, there are several factors governing the grant of home loans, however, generally, the home loan amount can go up to 60 times of what you earn. This means that a monthly salary of around Rs. 60,000 would make you a strong candidate to get your Rs 40 Lakh home loan application approved.