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.
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 amount | Rs. 1 Crore |
| EMI for a tenure of 30 years | Rs. 58,144 |
| EMI for a tenure of 20 years | Rs. 66,418 |
| EMI for a tenure of 10 years | Rs. 96,640 |
Also Read: LRD Loans
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 Finserv | 7.70% – 14% |
| Bank of Maharashtra | 7.80% – 9.20% |
| Kotak Mahindra Bank | 7.99% – 8.50% |
| HDFC Bank | 8.10% – 9.00% |
| ICICI Bank | 7.60% – 8.45% |
| PNB Housing Finance Ltd. | 7.99% – 10.95% |
| Tata Capital | 8.10% |
| Federal Bank | 9.05% – 9.20% |
Additional Info: You can also check Best Home Loan Interest Rates
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
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.) | Tenure | EMI for Rs. 80 Lakhs Loan |
|---|---|---|
| 7.05% | 10 years | Rs. 93,093 |
| 7.30% | 10 years | Rs. 94,128 |
| 7.55% | 10 years | Rs. 95,170 |
| 7.75% | 10 years | Rs. 96,009 |
| 8.55% | 10 years | Rs. 99,403 |
Additional Info: Looking for 1 Crore Home Loan? Check EMI & Apply
The EMI for 80 Lakhs home loan for 20 years tenure at an 7.05% p.a. interest rate would be Rs. 62,264. 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.) | Tenure | EMI for Rs. 80 Lakhs Loan |
|---|---|---|
| 7.05% | 20 years | Rs. 62,264 |
| 7.35% | 20 years | Rs. 63,716 |
| 7.55% | 20 years | Rs. 64,692 |
| 7.75% | 20 years | Rs. 65,676 |
| 8.55% | 20 years | Rs. 69,679 |
Additional Info: Also check SBI Home Loan EMI Calculator
EMI for Rs. 80 Lakhs home loan for 30 years of tenure will be Rs. 53,493 at an interest rate of 7.05% 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
| 7.05% | 30 years | Rs. 53,493 |
| 7.20% | 30 years | Rs. 54,303 |
| 7.55% | 30 years | Rs. 56,211 |
| 7.75% | 30 years | Rs. 57,313 |
| 8.55% | 30 years | Rs. 61,797 |
Tip: 50 Lakh Home Loan EMI Interest Rate 2022 before applying for a 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
Eligibility Criteria for Self-employed Applicants
Additional Info: Check 30 Lakh Home Loan EMI Apply Online.
You will have to submit the documents as mentioned below to apply for Rs. 80 Lakhs home loan:
Tip: Best Home Loan for Salaried Person before applying for a loan
Follow the steps mentioned below to apply for a home loan up to Rs. 80 Lakhs:
Additional Info: Also Check Best Banks for Home Loan in India in 2022
Home loan interest rates are the lowest ever in the past 15 years. With raining festival offers on home loan, currently you can avail of the best interest rate on Bajaj Finserv home loan @7.70% p.a for all loan amounts.
You can avail the lowest Home Loan EMI at Rs. 727/- per lakh with maximum repayment flexibility. Some options are Step-Up EMIs, Step Down EMIs, Moratorium, OD facility, balance transfer, top up and more.
Home Loans at floating interest rate (linked to repo rate) offer you ultimate prepayment flexibility. There is no part or full prepayment charge. You can prepay early & reduce interest cost as per your cash flows.
