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Rs. 80 Lakh Home Loan EMI

Get 80 lakh home loan at just 8.50% home loan interest for 30 years. Your Rs.80 lakh home loan EMI will only be Rs. 61,513. Apply now to secure a 80 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. 80 Lakh Home Loan EMI Details

Rs. 80 Lakh Home Loan is a long-term commitment. It is crucial to understand the pros and cons of such a huge Home Loan amount before applying for one. The EMI for a Rs. 80 Lakhs home loan may vary depending on the interest rate and tenure of the loan.

Following are the details of EMI for 80 Lakhs home loan for 30 years, 20 years, 15 years, 10 years and 5 years tenure at an interest rate of 8.50%p.a.

Loan Amount (in Rs)Interest Rate (p.a.)TenureEMI
Rs. 80,00,000.008.50%5 YearsRs. 1,64,132
Rs. 80,00,000.008.50%10 YearsRs. 99,189
Rs. 80,00,000.008.50%15 YearsRs. 78,779
Rs. 80,00,000.008.50%20 YearsRs. 69,426
Rs. 80,00,000.008.50%30 YearsRs. 61,513

HDFC Home Loan Offer

Popular Banks and NBFCs Providing Rs. 80 Lakh Home Loan

There are many banks and NBFCs that provide Rs. 80 Lakhs home loan in India. Some of the best banks offering a housing loan of Rs. 80 Lakhs are ICICI Bank, HDFC Bank, Kotak Mahindra Bank, State Bank of India, Bank of Maharashtra, Federal Bank, Axis Bank, Punjab National Bank, Bank of Baroda, and so on. The sanctioned home loan amount can be used for various housing-related purposes including the purchase of a flat, plot, or under-construction property. The interest rate for a Rs. 80 Lakhs home loan start from 8.50% p.a. at present. The rate of interest varies from lender to lender depending on the borrower’s eligibility and requirement.

There are many banks, non-banking financial companies (NBFCs), housing finance companies (HFCs) and other financial institutions that offer home loan of Rs. 80 Lakhs at different interest rates. Following is the table for the Home Loan Interest Rates of top 10 banks and HFCs for a home loan of Rs. 80 Lakhs:

HDFC Bank8.50% - 9.15%Rs. 61,513
SBI8.40% - 10.05%Rs. 60,947
Kotak Mahindra Bank8.70%Rs. 62,651
Bajaj Finserv8.50% - 15.00%Rs. 61,230
ICICI Bank9.00% - 10.05%Rs. 64,370
PNB Housing8.50% - 11.25%Rs. 61,513
Tata Capital 8.70%Rs. 62,651
Federal Bank8.80%Rs. 63,222

Additional Info: Also check Best Home Loan Interest Rates

80 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 80 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.

80 lakh Home Loan

 

Rs. 80 Lakh Home Loan EMI for 10 Years

The Rs. 80 Lakh home loan EMI for 10 years tenure at an 8.50% p.a. interest rate would come to Rs. 98,548. The EMI on a loan of Rs. 80 Lakhs for a tenure of 10 years varies from lender to lender based on their interest rate and borrower’s eligibility.

Loan AmountRs. 80,00,000
Rate of Interest8.50%
Loan Tenure10 years
Loan EMIRs. 99,189
Total Interest Rs. 39,02,626
Total RepaymentRs. 1,19,02,626

Additional Info: Looking for 1 Crore Home Loan? Check EMI & Apply

EMI for Rs. 80 Lakhs Home Loan for 20 Years

The EMI for 80 Lakhs home loan for 20 years tenure at an 8.50% p.a. interest rate would be Rs. 69,426. The EMI varies from lender to lender based on the interest rate offered by the lender, existing EMI obligations and eligibility of the borrower. 

Loan AmountRs. 80,00,000
Rate of Interest8.50%
Loan Tenure20 years
Loan EMIRs. 69,426
Total Interest Rs. 86,62,206
Total RepaymentRs. 1,66,62,206

Additional Info: Also check SBI Home Loan EMI Calculator

EMI for Rs. 80 Lakhs Home Loan for 30 Years

EMI for Rs. 80 Lakhs home loan for 30 years of tenure will be Rs. 61,513 at an interest rate of 8.50% p.a. The EMI can fluctuate depending on the lender, interest rate offered by the lender and the borrower’s eligibility. You can use Rs. 80 Lakhs home loan EMI calculator available on our website for calculating the EMI for Rs. 80 Lakhs home loan for various tenures and interest rates. 

Loan AmountRs. 80,00,000
Rate of Interest8.50%
Loan Tenure30 years
Loan EMIRs. 61,513
Total Interest Rs. 1,41,44,708
Total RepaymentRs. 2,21,44,708

Tip: 50 Lakh Home Loan Emi Interest Rate before applying for a loan

Eligibility for Rs. 80 Lakh Home Loan

You have to meet the Home Loan Eligibility Criteria as mentioned below to be eligible to avail of a home loan of Rs. 80 Lakhs:

Eligibility Criteria for Salaried Applicants

  • Applicants must be Indian residents.
  • Applicants must be in the age group of 18 to 65 years.
  • Applicants must have at least 3 years of work experience.
  • Applicants must be earning an income of at least Rs. 25,000 per month.
  • Credit score is also a major factor which impact the interest rate of home loan. So, check credit score before applying for a loan.

Eligibility Criteria for Self-employed Applicants

  • Applicants must be Indian residents.
  • Applicants must be in the age group of 18 to 65 years.
  • Applicants must have a profitable business for at least the last 5 years.

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

Documents Required for Rs. 80 Lakh Home Loan

You will have to submit the documents as mentioned below to apply for Rs. 80 Lakhs home loan:

  • Home loan application form - duly filled & signed.
  • Recent passport-sized photographs.
  • Aadhaar Card, Passport, Driving License, Voter ID, etc as identity proof.
  • Aadhaar Card, Passport, Driving License, Voter ID, etc as address proof.
  • Birth Certificate, Class 10th Certificate, etc as age proof.
  • Last 6 months’ bank statements.
  • Processing fee cheque.
  • Form 16/ Income Tax Return.
  • Balance Sheet and Profit & Loss Statement of the last 3 years (CA certified) for self-employed applicants.
  • Business profile of self-employed applicants.

You can also Apply for Pan Number for All Banks

How to Apply Up to Rs. 80 Lakh Home Loan

Follow the steps mentioned below to apply for a home loan up to Rs. 80 Lakhs:

  • Visit our website and click on the ‘Home Loan’ tab.
  • Fill in the complete online form for a home loan by entering all the mandatory details.
  • Enter the ‘OTP’ received on your mobile phone to receive the best home loan offer quote.
  • Click on the ‘Submit’ button.
  • Many housing loan offers will be displayed on your computer/mobile screen as per the information entered by you.
  • Choose your preferred option and apply.
  • Our home loan team will contact you regarding the home loan process completion.

Rs. 80 Lakh Home Loan EMI FAQs

✅ What is the EMI for a Rs. 80 lakhs home loan?

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The EMI for Rs. 80 Lakhs home loan depends on the tenure and rate of interest of the loan. For instance, if you avail of an Rs. 80 Lakhs home loan at an interest rate of 8.50% p.a. for a tenure of 30 years, your EMI will be Rs. 60,665.

✅ What is the minimum salary required for a Rs. 80 Lakh home loan?

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The minimum salary required to apply for an Rs. 80 Lakhs home loan is Rs. 1,10,000 per month. The income criteria may vary from lender to lender.

✅ What is 80 lakh home loan EMI for 30 years from SBI?

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The State Bank of India (SBI) offers home loans at interest rates ranging from 8.40% - 10.05% p.a. Based on this rate of interest range the Rs. 80 Lakh home loan EMI for 30 years tenure in SBI ranges from Rs. 60,947.

✅ What is 80 lakh home loan EMI for 30 years from HDFC?

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HDFC offers home loan at interest rates between 8.50% - 9.15% per annum. Based on this interest rate range, the Rs. 80 Lakhs home loan EMI for 30 years tenure in HDFC will range from Rs. 61,513.

✅ How much home loan can I get on 50000 salary?

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According to the Home Loan Eligibility Calculator available online, you can get up to Rs. 30,00,000 home loan on an Rs. 50,000 monthly salary.