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Rs. 80 Lakh Home Loan EMI

A home loan of Rs. 80 Lakhs is enough to help you realise your dream of owning a home. Calculate the Rs. 80 Lakh Home Loan EMI with Home Loan EMI Calculator and know your eligibility before you apply for a home loan.

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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 and 10 years tenure at an interest rate of 7.90% p.a.

Loan amountRs. 1 Crore
EMI for a tenure of 30 yearsRs. 58,144
EMI for a tenure of 20 yearsRs. 66,418
EMI for a tenure of 10 yearsRs. 96,640

Also Read: LRD Loans

Rs. 80 Lakh Home Loan Interest Rates - 2022

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 NBFCs for a home loan of Rs. 80 Lakhs:

Bajaj Finserv7.70% - 14.00%
Bank of Maharashtra7.80% - 9.20%
Kotak Mahindra Bank7.99% - 8.50%
HDFC Bank8.10% - 9.00%
ICICI Bank8.10% - 9.10%
PNB Housing Finance Ltd.7.99% - 10.95%
Tata Capital 8.10%
Federal Bank9.05% - 9.20%

Additional Info: You can also check Best Home Loan Interest Rates

Popular Banks 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 7.90% p.a. at present. The rate of interest varies from lender to lender depending on the borrower’s eligibility and requirement.

Additional Info: Also check Pan Number for Banks

Rs. 80 lakh home loan EMI for 10 years

The Rs. 80 Lakh home loan EMI for 10 years tenure at an 7.90% p.a. interest rate would come to Rs. 93,093. 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.

Here’s the table for different EMIs on Rs. 80 Lakhs loan at different interest rate for 10 years tenure: 

Rate of Interest (p.a.)TenureEMI for Rs. 80 Lakhs Loan
7.90%10 yearsRs. 96,640
7.95%10 yearsRs. 96,851
8.05%10 yearsRs. 97,274
8.10%10 yearsRs. 97,485
8.35%10 yearsRs. 98,548

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 7.90% p.a. interest rate would be Rs. 66,418. The EMI varies from lender to lender based on the interest rate offered by the lender, existing EMI obligations and eligibility of the borrower. 

Here’s the table for different EMIs on Rs. 80 Lakhs loan at different interest rate for 20 years tenure: 

Rate of Interest (p.a.)TenureEMI for Rs. 80 Lakhs Loan
7.90%20 yearsRs. 66,418
7.95%20 yearsRs. 66,666
8.05%20 yearsRs. 67,164
8.10%20 yearsRs. 67,414
8.35%20 yearsRs. 68,668

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. 58,144 at an interest rate of 7.90% 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. 

Here’s the table for different EMIs on Rs. 80 Lakhs loan at different interest rate for 10 years tenure: 

Rate of Interest (p.a.)TenureEMI for Rs. 80 Lakhs Loan
7.90%30 yearsRs. 58,144
7.95%30 yearsRs. 58,423
8.05%30 yearsRs. 58,980
8.10%30 yearsRs. 59,260
8.35%30 yearsRs. 60,665

Tip: 50 Lakh Home Loan EMI Interest Rate 2022 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.

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: Check 30 Lakh Home Loan EMI Apply Online.

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.

Tip: Best Home Loan for Salaried Person before applying for a loan

How to Apply Up to Rs. 80 Lakh Home Loan 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.

Additional Info: Also Check Best Banks for Home Loan in India in 2022

Best Value Home Loans

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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 7.90% p.a. for a tenure of 30 years, your EMI will be Rs. 58,144.

✅ 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. 65,000 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 8.05% to 8.75% 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. 58,980 to Rs. 62,936.

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

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HDFC offers home loan at interest rates between 8.10% to 8.90% 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. 59,260 to Rs. 63,795.

✅ 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. 34,39,710 home loan on an Rs. 50,000 monthly salary.