**10 Lakh Home Loan EMI Calculator:** If you are thinking of taking a home loan of Rs 10 lakh from any bank or financial company, then tell you that before taking a home loan, you must calculate the EMI of your loan. You can take a home loan for construction, purchase or renovation of a house.

The full form of EMI is Equated Monthly Installment. This is the installment that you have to pay to the bank at the time of payment.

An amount of Rs 10 lakh can be considered as an ideal amount to be taken under home loan. Because this amount is also easy to repay.

Before applying for a home loan, you must calculate the EMI of your loan so that you can get an idea of the amount of installments you will have to pay at the time of loan repayment.

## 10 Lakh Home Loan EMI Calculator

Home loan EMI mainly depends on three factors – loan amount, interest rate and loan tenure. This loan amount, interest rate and loan tenure varies from bank to bank, so in this article we will calculate the different EMI of home loan of many major banks and financial companies of India.

Calculating home loan EMI is very easy with the help of 10 Lakh Home loan EMI Calculator. You can easily calculate this online by visiting the official website of the lender.

Usually the lender offers home loans for a tenure of 30 years but the loan amount and interest rate varies. The table below gives information about the loan amount, interest rate and loan tenure offered by various lenders. First you should see this:

lender | Interest rate (per annum) | Loan Amount (Rs) | loan tenure |
---|---|---|---|

SB I | 8.55% | 100 crores | 30 years |

Deutsche Bank | 6.65% | 25 crores | 20 years |

Shriram Housing Finance | 8.9% | 100 million | 25 years |

Canara Bank | 8.60% | Based on the repaying capacity of the customer | 30 years |

LIC HFL | 8.00% | minimum 1 lakh | 30 years |

Central Bank of India | 8.20% | up to 90% of the property value | 30 years |

RBL Bank | 9.50% | 100 million | 25 years |

IDBI Bank | 8.50% | 100 million | 30 years |

Navi Home Loan | 7.89% | 100 million | 30 years |

yes bank | 8.95% | 100 million | 35 years |

City Union Bank | 10.25% | 1 crore | 15 years |

Bank of Baroda | 8.45% | 200 million | 30 years |

Kotak Mahindra Bank | 7.99% | 75% to 80% of the value of the property | 20 years |

HDFC | 8.40% | 100 million | 30 years |

Bajaj Finance | 7.70% | 50 million | 30 years |

Home loan EMI calculator of almost all the banks is same and the process of calculating EMI is also same so in this article we will tell you how to calculate EMI using HDFC Bank home loan calculator.

You can use the home loan calculator of any lender at your convenience.

## How to calculate 10 lakh home loan EMI calculator?

- As we told you that in this article, we will tell you how to calculate EMI through HDFC Bank calculator, so first of all you have to visit the official website of HDFC Bank.
- After this, you have to click on the option of home loan calculator.
- As soon as you click on this link, the calculator will open in front of you, which will look something like this.
- In this calculator, you will see scroll bars, by moving forward or backward, you can reduce or increase the number.

- In the above image you will see some points, we will understand these points here:
**1.**This is the loan amount that you take from the bank.**2.**Loan tenure.**3.**The interest rate applicable on your home loan.**4.**EMI of your loan**5.**This is the total interest payable over the loan tenure.**6.**Total payments made during the loan tenure.

## Know home loan EMI under different scenarios here

As friends, we told you that the interest rate, loan tenure and loan amount varies depending on the lender. Here we will calculate 10 Lakh Home Loan EMI at different interest rates and different loan tenures:

### If the rate of interest is 8.50% per annum:

Suppose you borrow Rs 10 lakh from any lender at an interest rate of 8.50% per annum, then the EMI of your loan over various loan tenures will be as follows:

loan tenure | EMI (Rs) | Total interest payable over the loan tenure | Total payments made during the loan tenure |
---|---|---|---|

3 years | 31568 | 136,431 | 1,136,431 |

5 year | 20517 | 230,992 | 1,230,992 |

7 years | 15836 | 330,265 | 1,330,265 |

10 years | 12399 | 487,828 | 1,487,828 |

15 years | 9847 | 772,531 | 1,772,531 |

20 years | 8678 | 1,082,776 | 2,082,776 |

### If the rate of interest is 11% per annum:

Suppose the lender from whom you have taken a home loan of Rs. 10 lakh has an interest rate of 11% per annum, the EMI of your loan under different circumstances will be as follows:

loan tenure | EMI (Rs) | Total interest payable over the loan tenure | Total payments made during the loan tenure |
---|---|---|---|

3 years | 32739 | 178,594 | 1,178,594 |

5 year | 21742 | 304,545 | 1,304,545 |

7 years | 17122 | 438,285 | 1,438,285 |

10 years | 13775 | 653,000 | 1,653,000 |

15 years | 11366 | 1,045,874 | 2,045,874 |

20 years | 10322 | 1,477,252 | 2,477,252 |

### 10 lakh Home loan EMI For 20 years – Interest rate 8.50% per annum:

When you take a home loan of 10 lakh rupees for a loan period of 20 years, then the EMI of your loan depends on your interest rate, but for once, let us assume that you have taken this home loan at the rate of 8.50% per annum. So your loan EMI will be as follows:

loan tenure | EMI (Rs) | Total interest payable over the loan tenure | Total payments made during the loan tenure |
---|---|---|---|

20 years | 8678 | 1,082,776 | 2,082,776 |

#### conclusion

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