15 Lakh Home Loan EMI With Calculator and Interest Rates 2024

Buying a home can be challenging, especially when understanding the financial intricacies. To make matters easier, you can choose a Rs. 15 Lakh home loan EMI in 30 days, with an easy monthly payment of ₹11,428. This article elucidates the specifics of a ₹15 lakh home loan EMI, presenting breakdowns for different loan durations. By understanding the detailed calculations and factors influencing the EMI, prospective homeowners can make an informed choice that aligns with their financial landscape.

If you take out a Rs. 15 lakh home loan, you can purchase your ideal home with less financial stress and better money management. The estimated monthly instalment for a home loan of ₹15 lakhs with a 5-year term and an interest rate of 8.45%* would be ₹30,2703. Read this blog to learn more about the 15 lakh interest per month, EMI, processing fee, and much more. 

Details Of Emi For 15 Lakh Home Loan

When dealing with an EMI on a 15 lakh home loan, your monthly EMI is influenced by elements like the interest rate, loan duration, and the concept of compound interest. Compound interest pertains to interest computed on both the initial loan amount and the accrued interest from previous periods, leading to interest on interest.

• Loan Amount: ₹15 lakh
• Interest Rate: 8% (Compound Interest)

Tenure	Monthly EMI
5 Years	₹30,703
10 Years	₹18,518
15 Years	₹14,683
20 Years	₹12,923
25 Years	₹11,977
30 Years	₹11,428

15 Lakh Home Loan EMI Calculator

To calculate a 15 lakh home loan EMI, use the following formula:

EMI = [P x R x (1+R)^N] / [(1+R)^N-1]

Where:

• P = Loan amount
• R = Interest rate per month
• N = Loan tenure in months

Example:

Suppose you have taken a home loan of  Rs. 15 lakh at an annual interest rate of 8.4% for a tenure of 20 years.

Calculate the monthly interest rate (R):

Monthly Interest Rate = Annual Interest Rate / 12

R = 8.40% / 12 =0.007

Calculate the loan tenure in months (N):

Loan Tenure in Months = Loan Tenure in Years x 12

N = 20 years x 12 = 240 months

Plug the values into the EMI formula:

EMI = [15,00,000 x 0.007 x (1+0.007)^240] / [(1+0.007)^240-1]

Calculate the EMI using a calculator or spreadsheet:

EMI = [15,00,000 x 0.007 x 5.33424468143] / 4.33424468143

EMI = 12922.5674303 (approx.)

So, the Equated Monthly Installment (EMI) for a home loan of Rs. 15 lakh, with an annual interest rate of 8.40% and a tenure of 20 years, would be approximately Rs. 12922.57. This amount is payable every month until the loan is fully repaid.

15 Lakh Loan EMI Calculator

Embark on a seamless journey to homeownership with our NoBroker Home Loan EMI Calculator. Specifically tailored for loans amounting to ₹15 lakh, this intuitive tool effortlessly calculates your monthly instalments. Enter the loan tenure and interest rate, and watch as the calculator instantly displays your potential EMI. Making informed financial decisions has never been this straightforward. Experience clarity in your home-buying process today.

Eligibility Criteria for a 15 Lakh Home Loan

Acquiring a 15 lakh home loan is a significant milestone on the path to homeownership. To ensure a successful application process, it's vital to familiarize yourself with the prerequisites and documentation required by lending institutions. The interest rate and the eligibility vary depending on the lender. For example- the 15 lakh home loan EMI for 20 years SBI interest rate differs from ICICI Bank. 

• Age: Younger applicants have longer repayment periods; older applicants may face restrictions.
• Income: Higher income improves loan eligibility and interest rates.
• Employment Stability: A stable job history or business improves chances; frequent changes can hurt approval.
• Credit Score: A higher score leads to better terms; a low score can result in higher costs or rejection.
• Loan Amount & Property Value: Lenders assess loan-to-value (LTV) ratio; lower LTV = better terms.
• Existing Liabilities: High debt reduces your borrowing capacity; lenders evaluate debt-to-income ratio.
• Property Location & Type: Properties in good areas and of high value get better terms.
• Co-Applicants: Co-applicants improve eligibility by combining incomes and sharing liabilities.
• Documentation: Complete, accurate documents speed up approval; missing ones can cause delays.

Documents Required for a 15 Lakh Home Loan

The documentation process is a critical aspect of your home loan application. Provide precise and complete documents as requested to facilitate a smooth approval process. Here's a compilation of the standard documents typically sought by lenders:

• Identity Verification: You'll need valid government-issued identification documents such as a passport, Aadhaar card, PAN card, or driver's license.
• Address Confirmation: Documents verifying your residential address, such as electricity bills, telephone bills, or rental agreements.
• Income Validation: Documents related to your income are vital for assessing your repayment capacity. These often comprise salary slips from the last 3-6 months, income tax returns (ITR) from the past 2-3 years, and Form 16 issued by your employer.
• Employment Confirmation: Documents substantiating your employment status, such as an employment letter or offer letter from your current employer, alongside income details.
• Bank Statements: Bank statements from the preceding 6 months detailing your financial transactions and income sources.
• Property Papers: If you've already identified a property, you must furnish pertinent property documents, such as the sale agreement, title deed, and property tax receipts.
• Photographs: Provide passport-sized pictures for official purposes.
• Loan Application Form: Accurately complete and sign the lender's application form.
• Investment Records (if applicable): Document your investments, such as fixed deposits, stocks, or mutual funds, to showcase additional financial stability.

It's essential to note that specific document requirements may differ slightly based on the lender and your employment circumstances. Some lenders may have additional criteria, especially for self-employed individuals or applicants with diverse income sources.

₹15 Lakh Home Loan EMI for 5 Years 

Wondering about your monthly EMI for a ₹15 lakh home loan with a 5-year repayment period at an 8.4% annual interest rate?  The SBI home loan 15 lakh EMI starts approximately as low as Rs 12,923/- per month. 

Borrowers can use the 15 lakh EMI calculator online or calculate it manually using the formula:

EMI = (P x R x (1+R)^N) / ((1+R)^N - 1)

Here, P represents the principal amount (₹15,00,000), R is the monthly interest rate (8.4% divided by 12 months, or 0.007 when converted to a decimal), and N is the total number of monthly instalments (5 years, or 60 months).

EMI = ₹{(15,00,000 x 0.007 x (1 + 0.007)^60) / ((1 + 0.007)^60 - 1)} ≈ ₹30,703

So, your EMI for a ₹15 lakh home loan with a 5-year tenure at an 8.4% annual interest rate would be approximately ₹30,703. However, the EMI might vary depending on the lender and the type of interest rate you choose. For example- the 15 lakh loan emi for 5 years hdfc can be different if you consider other Banks. 

The EMI for 15 lakh home loan for 5 years at 8.4% interest rate would be 30,739 per month. 

Description	Amount
Loan Amount	₹15,00,000
Rate of Interest	8.40%
Total Interest Amount	₹3,42,153
Total Repayment Amount	₹18,42,153

₹15 Lakh Home Loan EMI for 10 Years 

You can calculate the monthly EMI using the formula mentioned earlier if you're considering a ₹15 lakh home loan with a 10-year repayment period at an 8.4% annual interest rate. The 15 lakh EMI for 10 years at 8.4% interest rate would be 18,558 monthly.

EMI = (P x R x (1+R)^N) / ((1+R)^N - 1)

For this loan, P is the principal amount (₹15,00,000), R is the monthly interest rate (8.4% divided by 12 months, or 0.007 when converted to a decimal), and N is the total number of monthly instalments (10 years, or 120 months).

EMI = ₹{(15,00,000 x 0.007 x (1 + 0.007)^120) / ((1 + 0.007)^120 - 1)} ≈ ₹18,518

Your EMI for a ₹15 lakh home loan with a 10-year tenure at an 8.4% annual interest rate would be approximately ₹18,518. 

Description	Amount
Loan Amount	₹15,00,000
Rate of Interest	8.40%
Total Interest Amount	₹7,26,932
Total Repayment Amount	₹22,26,932

₹15 Lakh Home Loan EMI for 15 Years 

Planning to take out a ₹15 lakh home loan with a 15-year repayment period and an 8.4% annual interest rate? You can manually calculate the monthly EMI using the formula:

EMI = (P x R x (1+R)^N) / ((1+R)^N - 1)

In this case, P represents the principal amount (₹15,00,000), R is the monthly interest rate (8.4% divided by 12 months, or 0.007 when converted to a decimal), and N is the total number of monthly instalments (15 years, or 180 months).

EMI = ₹{(15,00,000 x 0.007 x (1 + 0.007)^180) / ((1 + 0.007)^180 - 1)} ≈ ₹14,683

Your EMI for a ₹15 lakh home loan with a 15-year tenure at an 8.4% annual interest rate would be approximately ₹14,683. 

Description	Amount
Loan Amount	₹15,00,000
Rate of Interest	8.40%
Total Interest Amount	₹11,50,889
Total Repayment Amount	₹26,50,889

₹15 Lakh Home Loan EMI for 20 Years 

Considering a ₹15 lakh home loan with a 20-year repayment period and an 8.4% annual interest rate? You can calculate your monthly EMI manually using the formula:

EMI = (P x R x (1+R)^N) / ((1+R)^N - 1)

For this loan, P is the principal amount (₹15,00,000), R is the monthly interest rate (8.4% divided by 12 months, or 0.007 when converted to a decimal), and N is the total number of monthly installments (20 years, or 240 months).

EMI = ₹{(15,00,000 x 0.007 x (1 + 0.007)^240) / ((1 + 0.007)^240 - 1)} ≈ ₹12,923

Your EMI for a ₹15 lakh home loan with a 20-year tenure at an 8.4% annual interest rate would be approximately ₹12,923. 

Description	Amount
Loan Amount	₹15,00,000
Rate of Interest	8.40%
Total Interest Amount	₹16,12,781
Total Repayment Amount	₹31,12,781

₹15 Lakh Home Loan EMI for 25 Years 

If you're considering a ₹15 lakh home loan with a 25-year repayment period and an 8.4% annual interest rate, you can calculate the monthly EMI manually using the formula:

EMI = (P x R x (1+R)^N) / ((1+R)^N - 1)

In this case, P is the principal amount (₹15,00,000), R is the monthly interest rate (8.4% divided by 12 months, or 0.007 when converted to a decimal), and N is the total number of monthly instalments (25 years, or 300 months).

EMI = ₹{(15,00,000 x 0.007 x (1 + 0.007)^300) / ((1 + 0.007)^300 - 1)} ≈ ₹11,977

Your EMI for a ₹15 lakh home loan with a 25-year tenure at an 8.4% annual interest rate would be approximately ₹11,977. 

Description	Amount
Loan Amount	₹15,00,000
Rate of Interest	8.40%
Total Interest Amount	₹21,08,372
Total Repayment Amount	₹36,08,372

₹15 Lakh Home Loan EMI for 30 Years

Thinking of taking a ₹15 lakh home loan with a 30-year repayment period and an 8.4% annual interest rate? You can manually calculate the monthly EMI using the formula:

EMI = (P x R x (1+R)^N) / ((1+R)^N - 1)

For this loan, P represents the principal amount (₹15,00,000), R is the monthly interest rate (8.4% divided by 12 months, or 0.007 when converted to a decimal), and N is the total number of monthly installments (30 years, or 360 months).

EMI = ₹{(15,00,000 x 0.007 x (1 + 0.007)^360) / ((1 + 0.007)^360 - 1)} ≈ ₹11,428

So, your EMI for a ₹15 lakh home loan with a 30-year tenure at an 8.4% annual interest rate would be approximately ₹11,428. 

Description	Amount
Loan Amount	₹15,00,000
Rate of Interest	8.40%
Total Interest Amount	₹ 26,33,013
Total Repayment Amount	₹41,33,013

15 Lakhs Home Loan Amortisation

Paying off debt throughout a loan is known as loan amortization. In amortization, a part of each payment goes toward the loan principal, and a part goes toward interest. Below is the amortization table with details to help you understand better. 

Month	EMI	Principal Payment	Interest Payment	Outstanding Principal
1	11480.59	918.0913	10562.5	1499082
2	11480.59	924.5562	10556.04	1498157
3	11480.59	931.0666	10549.52	1497226
4	11480.59	937.6228	10542.97	1496289
5	11480.59	944.2253	10536.37	1495344
6	11480.59	950.8742	10529.72	1494394
7	11480.59	957.5699	10523.02	1493436
8	11480.59	964.3128	10516.28	1492472
9	11480.59	971.1032	10509.49	1491501
10	11480.59	977.9414	10502.65	1490523
11	11480.59	984.8277	10495.76	1489538
12	11480.59	991.7625	10488.83	1488546
13	11480.59	998.7462	10481.85	1487547
14	11480.59	1005.779	10474.81	1486542
15	11480.59	1012.861	10467.73	1485529
16	11480.59	1019.994	10460.6	1484509
17	11480.59	1027.176	10453.42	1483481
18	11480.59	1034.409	10446.18	1482447
19	11480.59	1041.693	10438.9	1481405
20	11480.59	1049.028	10431.56	1480356
21	11480.59	1056.415	10424.18	1479300
22	11480.59	1063.854	10416.74	1478236
23	11480.59	1071.345	10409.25	1477165
24	11480.59	1078.89	10401.7	1476086
25	11480.59	1086.487	10394.1	1474999
26	11480.59	1094.137	10386.45	1473905
27	11480.59	1101.842	10378.75	1472803
28	11480.59	1109.601	10370.99	1471694
29	11480.59	1117.414	10363.18	1470576
30	11480.59	1125.283	10355.31	1469451
31	11480.59	1133.206	10347.38	1468318
32	11480.59	1141.186	10339.41	1467177
33	11480.59	1149.222	10331.37	1466027
34	11480.59	1157.314	10323.28	1464870
35	11480.59	1165.464	10315.13	1463705
36	11480.59	1173.671	10306.92	1462531
37	11480.59	1181.935	10298.66	1461349
38	11480.59	1190.258	10290.33	1460159
39	11480.59	1198.639	10281.95	1458960
40	11480.59	1207.08	10273.51	1457753
41	11480.59	1215.58	10265.01	1456538
42	11480.59	1224.139	10256.45	1455313
43	11480.59	1232.759	10247.83	1454081
44	11480.59	1241.44	10239.15	1452839
45	11480.59	1250.182	10230.41	1451589
46	11480.59	1258.985	10221.61	1450330
47	11480.59	1267.851	10212.74	1449062
48	11480.59	1276.778	10203.81	1447785
49	11480.59	1285.769	10194.82	1446500
50	11480.59	1294.823	10185.77	1445205
51	11480.59	1303.941	10176.65	1443901
52	11480.59	1313.123	10167.47	1442588
53	11480.59	1322.369	10158.22	1441265
54	11480.59	1331.681	10148.91	1439934
55	11480.59	1341.058	10139.53	1438593
56	11480.59	1350.501	10130.09	1437242
57	11480.59	1360.011	10120.58	1435882
58	11480.59	1369.588	10111	1434513
59	11480.59	1379.232	10101.36	1433133
60	11480.59	1388.944	10091.65	1431744
61	11480.59	1398.725	10081.87	1430346
62	11480.59	1408.574	10072.02	1428937
63	11480.59	1418.493	10062.1	1427519
64	11480.59	1428.481	10052.11	1426090
65	11480.59	1438.54	10042.05	1424652
66	11480.59	1448.67	10031.92	1423203
67	11480.59	1458.871	10021.72	1421744
68	11480.59	1469.144	10011.45	1420275
69	11480.59	1479.489	10001.1	1418795
70	11480.59	1489.907	9990.684	1417305
71	11480.59	1500.399	9980.193	1415805
72	11480.59	1510.964	9969.627	1414294
73	11480.59	1521.604	9958.988	1412772
74	11480.59	1532.318	9948.273	1411240
75	11480.59	1543.108	9937.483	1409697
76	11480.59	1553.974	9926.617	1408143
77	11480.59	1564.917	9915.674	1406578
78	11480.59	1575.937	9904.655	1405002
79	11480.59	1587.034	9893.557	1403415
80	11480.59	1598.209	9882.382	1401817
81	11480.59	1609.463	9871.128	1400208
82	11480.59	1620.797	9859.795	1398587
83	11480.59	1632.21	9848.382	1396955
84	11480.59	1643.703	9836.888	1395311
85	11480.59	1655.278	9825.314	1393656
86	11480.59	1666.933	9813.658	1391989
87	11480.59	1678.671	9801.92	1390310
88	11480.59	1690.492	9790.099	1388619
89	11480.59	1702.396	9778.195	1386917
90	11480.59	1714.384	9766.208	1385203
91	11480.59	1726.456	9754.135	1383476
92	11480.59	1738.613	9741.978	1381738
93	11480.59	1750.856	9729.736	1379987
94	11480.59	1763.185	9717.407	1378224
95	11480.59	1775.6	9704.991	1376448
96	11480.59	1788.104	9692.488	1374660
97	11480.59	1800.695	9679.897	1372859
98	11480.59	1813.375	9667.217	1371046
99	11480.59	1826.144	9654.447	1369220
100	11480.59	1839.003	9641.588	1367381
101	11480.59	1851.953	9628.639	1365529
102	11480.59	1864.993	9615.598	1363664
103	11480.59	1878.126	9602.465	1361786
104	11480.59	1891.351	9589.24	1359894
105	11480.59	1904.669	9575.922	1357990
106	11480.59	1918.081	9562.51	1356071
107	11480.59	1931.588	9549.003	1354140
108	11480.59	1945.19	9535.402	1352195
109	11480.59	1958.887	9521.704	1350236
110	11480.59	1972.681	9507.91	1348263
111	11480.59	1986.572	9494.02	1346277
112	11480.59	2000.561	9480.031	1344276
113	11480.59	2014.648	9465.943	1342261
114	11480.59	2028.834	9451.757	1340233
115	11480.59	2043.121	9437.471	1338189
116	11480.59	2057.508	9423.084	1336132
117	11480.59	2071.996	9408.595	1334060
118	11480.59	2086.586	9394.005	1331973
119	11480.59	2101.279	9379.312	1329872
120	11480.59	2116.076	9364.515	1327756
121	11480.59	2130.976	9349.615	1325625
122	11480.59	2145.982	9334.609	1323479
123	11480.59	2161.093	9319.498	1321318
124	11480.59	2176.311	9304.28	1319142
125	11480.59	2191.636	9288.955	1316950
126	11480.59	2207.069	9273.523	1314743
127	11480.59	2222.61	9257.981	1312520
128	11480.59	2238.261	9242.33	1310282
129	11480.59	2254.022	9226.569	1308028
130	11480.59	2269.894	9210.697	1305758
131	11480.59	2285.878	9194.713	1303472
132	11480.59	2301.974	9178.617	1301170
133	11480.59	2318.184	9162.407	1298852
134	11480.59	2334.508	9146.083	1296518
135	11480.59	2350.947	9129.644	1294167
136	11480.59	2367.501	9113.09	1291799
137	11480.59	2384.173	9096.419	1289415
138	11480.59	2400.961	9079.63	1287014
139	11480.59	2417.868	9062.723	1284596
140	11480.59	2434.894	9045.698	1282161
141	11480.59	2452.039	9028.552	1279709
142	11480.59	2469.306	9011.285	1277240
143	11480.59	2486.694	8993.897	1274753
144	11480.59	2504.204	8976.387	1272249
145	11480.59	2521.838	8958.753	1269727
146	11480.59	2539.596	8940.995	1267188
147	11480.59	2557.479	8923.112	1264630
148	11480.59	2575.488	8905.103	1262055
149	11480.59	2593.624	8886.968	1259461
150	11480.59	2611.887	8868.704	1256849
151	11480.59	2630.279	8850.312	1254219
152	11480.59	2648.801	8831.79	1251570
153	11480.59	2667.453	8813.139	1248903
154	11480.59	2686.236	8794.355	1246216
155	11480.59	2705.152	8775.44	1243511
156	11480.59	2724.2	8756.391	1240787
157	11480.59	2743.383	8737.208	1238044
158	11480.59	2762.701	8717.89	1235281
159	11480.59	2782.155	8698.436	1232499
160	11480.59	2801.746	8678.845	1229697
161	11480.59	2821.475	8659.116	1226875
162	11480.59	2841.343	8639.248	1224034
163	11480.59	2861.351	8619.24	1221173
164	11480.59	2881.5	8599.092	1218291
165	11480.59	2901.79	8578.801	1215389
166	11480.59	2922.224	8558.368	1212467
167	11480.59	2942.801	8537.79	1209524
168	11480.59	2963.523	8517.068	1206561
169	11480.59	2984.391	8496.2	1203577
170	11480.59	3005.406	8475.185	1200571
171	11480.59	3026.57	8454.022	1197545
172	11480.59	3047.882	8432.71	1194497
173	11480.59	3069.344	8411.247	1191427
174	11480.59	3090.957	8389.634	1188336
175	11480.59	3112.723	8367.869	1185224
176	11480.59	3134.641	8345.95	1182089
177	11480.59	3156.714	8323.877	1178932
178	11480.59	3178.943	8301.648	1175753
179	11480.59	3201.328	8279.263	1172552
180	11480.59	3223.871	8256.721	1169328
181	11480.59	3246.572	8234.019	1166082
182	11480.59	3269.433	8211.158	1162812
183	11480.59	3292.456	8188.136	1159520
184	11480.59	3315.64	8164.951	1156204
185	11480.59	3338.988	8141.604	1152865
186	11480.59	3362.5	8118.092	1149503
187	11480.59	3386.177	8094.414	1146116
188	11480.59	3410.022	8070.57	1142706
189	11480.59	3434.034	8046.557	1139272
190	11480.59	3458.215	8022.376	1135814
191	11480.59	3482.567	7998.024	1132332
192	11480.59	3507.09	7973.501	1128824
193	11480.59	3531.786	7948.806	1125293
194	11480.59	3556.655	7923.936	1121736
195	11480.59	3581.7	7898.891	1118154
196	11480.59	3606.921	7873.67	1114547
197	11480.59	3632.32	7848.271	1110915
198	11480.59	3657.898	7822.694	1107257
199	11480.59	3683.655	7796.936	1103574
200	11480.59	3709.594	7770.997	1099864
201	11480.59	3735.716	7744.875	1096128
202	11480.59	3762.022	7718.57	1092366
203	11480.59	3788.513	7692.079	1088578
204	11480.59	3815.19	7665.401	1084762
205	11480.59	3842.055	7638.536	1080920
206	11480.59	3869.11	7611.481	1077051
207	11480.59	3896.355	7584.236	1073155
208	11480.59	3923.792	7556.8	1069231
209	11480.59	3951.422	7529.17	1065280
210	11480.59	3979.246	7501.345	1061301
211	11480.59	4007.267	7473.324	1057293
212	11480.59	4035.485	7445.107	1053258
213	11480.59	4063.901	7416.69	1049194
214	11480.59	4092.518	7388.073	1045101
215	11480.59	4121.336	7359.255	1040980
216	11480.59	4150.357	7330.234	1036830
217	11480.59	4179.582	7301.009	1032650
218	11480.59	4209.014	7271.578	1028441
219	11480.59	4238.652	7241.939	1024202
220	11480.59	4268.499	7212.092	1019934
221	11480.59	4298.557	7182.035	1015635
222	11480.59	4328.826	7151.766	1011307
223	11480.59	4359.308	7121.283	1006947
224	11480.59	4390.005	7090.587	1002557
225	11480.59	4420.918	7059.674	998136.3
226	11480.59	4452.048	7028.543	993684.2
227	11480.59	4483.398	6997.193	989200.8
228	11480.59	4514.969	6965.623	984685.9
229	11480.59	4546.762	6933.83	980139.1
230	11480.59	4578.778	6901.813	975560.3
231	11480.59	4611.021	6869.571	970949.3
232	11480.59	4643.49	6837.101	966305.8
233	11480.59	4676.188	6804.404	961629.6
234	11480.59	4709.116	6771.475	956920.5
235	11480.59	4742.276	6738.315	952178.3
236	11480.59	4775.669	6704.922	947402.6
237	11480.59	4809.298	6671.293	942593.3
238	11480.59	4843.164	6637.428	937750.1
239	11480.59	4877.268	6603.324	932872.9
240	11480.59	4911.612	6568.98	927961.2
241	11480.59	4946.198	6534.394	923015
242	11480.59	4981.027	6499.564	918034
243	11480.59	5016.102	6464.49	913017.9
244	11480.59	5051.423	6429.168	907966.5
245	11480.59	5086.994	6393.597	902879.5
246	11480.59	5122.815	6357.776	897756.7
247	11480.59	5158.888	6321.703	892597.8
248	11480.59	5195.215	6285.376	887402.6
249	11480.59	5231.798	6248.793	882170.8
250	11480.59	5268.639	6211.953	876902.1
251	11480.59	5305.739	6174.853	871596.4
252	11480.59	5343.1	6137.491	866253.3
253	11480.59	5380.724	6099.867	860872.6
254	11480.59	5418.614	6061.978	855454
255	11480.59	5456.77	6023.822	849997.2
256	11480.59	5495.194	5985.397	844502
257	11480.59	5533.89	5946.702	838968.1
258	11480.59	5572.857	5907.734	833395.3
259	11480.59	5612.1	5868.492	827783.2
260	11480.59	5651.618	5828.973	822131.5
261	11480.59	5691.415	5789.176	816440.1
262	11480.59	5731.492	5749.099	810708.6
263	11480.59	5771.851	5708.74	804936.8
264	11480.59	5812.495	5668.096	799124.3
265	11480.59	5853.424	5627.167	793270.9
266	11480.59	5894.642	5585.949	787376.2
267	11480.59	5936.15	5544.441	781440.1
268	11480.59	5977.951	5502.64	775462.1
269	11480.59	6020.046	5460.546	769442.1
270	11480.59	6062.437	5418.155	763379.6
271	11480.59	6105.126	5375.465	757274.5
272	11480.59	6148.117	5332.475	751126.4
273	11480.59	6191.41	5289.182	744935
274	11480.59	6235.007	5245.584	738700
275	11480.59	6278.912	5201.679	732421.1
276	11480.59	6323.126	5157.465	726097.9
277	11480.59	6367.652	5112.94	719730.3
278	11480.59	6412.491	5068.101	713317.8
279	11480.59	6457.645	5022.946	706860.1
280	11480.59	6503.118	4977.474	700357
281	11480.59	6548.911	4931.681	693808.1
282	11480.59	6595.026	4885.566	687213.1
283	11480.59	6641.466	4839.126	680571.6
284	11480.59	6688.233	4792.359	673883.4
285	11480.59	6735.329	4745.262	667148.1
286	11480.59	6782.757	4697.834	660365.3
287	11480.59	6830.519	4650.072	653534.8
288	11480.59	6878.617	4601.974	646656.2
289	11480.59	6927.054	4553.537	639729.1
290	11480.59	6975.832	4504.759	632753.3
291	11480.59	7024.954	4455.638	625728.3
292	11480.59	7074.421	4406.17	618653.9
293	11480.59	7124.237	4356.355	611529.7
294	11480.59	7174.403	4306.188	604355.3
295	11480.59	7224.923	4255.668	597130.4
296	11480.59	7275.798	4204.793	589854.6
297	11480.59	7327.032	4153.559	582527.5
298	11480.59	7378.627	4101.965	575148.9
299	11480.59	7430.584	4050.007	567718.3
300	11480.59	7482.908	3997.683	560235.4
301	11480.59	7535.6	3944.991	552699.8
302	11480.59	7588.664	3891.928	545111.1
303	11480.59	7642.1	3838.491	537469
304	11480.59	7695.913	3784.678	529773.1
305	11480.59	7750.106	3730.486	522023
306	11480.59	7804.679	3675.912	514218.3
307	11480.59	7859.637	3620.954	506358.7
308	11480.59	7914.982	3565.609	498443.7
309	11480.59	7970.717	3509.875	490473
310	11480.59	8026.844	3453.747	482446.2
311	11480.59	8083.366	3397.225	474362.8
312	11480.59	8140.287	3340.305	466222.5
313	11480.59	8197.608	3282.983	458024.9
314	11480.59	8255.333	3225.259	449769.6
315	11480.59	8313.464	3167.127	441456.1
316	11480.59	8372.005	3108.587	433084.1
317	11480.59	8430.957	3049.634	424653.1
318	11480.59	8490.325	2990.266	416162.8
319	11480.59	8550.111	2930.48	407612.7
320	11480.59	8610.318	2870.273	399002.4
321	11480.59	8670.949	2809.642	390331.4
322	11480.59	8732.007	2748.584	381599.4
323	11480.59	8793.495	2687.096	372805.9
324	11480.59	8855.416	2625.175	363950.5
325	11480.59	8917.773	2562.818	355032.7
326	11480.59	8980.569	2500.022	346052.2
327	11480.59	9043.807	2436.784	337008.4
328	11480.59	9107.491	2373.101	327900.9
329	11480.59	9171.623	2308.969	318729.3
330	11480.59	9236.206	2244.385	309493
331	11480.59	9301.244	2179.347	300191.8
332	11480.59	9366.741	2113.851	290825.1
333	11480.59	9432.698	2047.893	281392.4
334	11480.59	9499.12	1981.471	271893.2
335	11480.59	9566.01	1914.582	262327.2
336	11480.59	9633.37	1847.221	252693.9
337	11480.59	9701.205	1779.386	242992.7
338	11480.59	9769.518	1711.073	233223.1
339	11480.59	9838.312	1642.28	223384.8
340	11480.59	9907.59	1573.002	213477.2
341	11480.59	9977.356	1503.236	203499.9
342	11480.59	10047.61	1432.978	193452.3
343	11480.59	10118.36	1362.226	183333.9
344	11480.59	10189.62	1290.976	173144.3
345	11480.59	10261.37	1219.224	162882.9
346	11480.59	10333.62	1146.967	152549.3
347	11480.59	10406.39	1074.201	142142.9
348	11480.59	10479.67	1000.923	131663.2
349	11480.59	10553.46	927.1287	121109.8
350	11480.59	10627.78	852.8147	110482
351	11480.59	10702.61	777.9774	99779.39
352	11480.59	10777.98	702.6132	89001.41
353	11480.59	10853.87	626.7183	78147.54
354	11480.59	10930.3	550.2889	67217.24
355	11480.59	11007.27	473.3214	56209.97
356	11480.59	11084.78	395.8118	45125.19
357	11480.59	11162.83	317.7565	33962.35
358	11480.59	11241.44	239.1516	22720.91
359	11480.59	11320.6	159.9931	11400.31
360	11480.59	11400.31	80.27721	0

Things to Keep in Mind While Applying for a 15 Lakh Home Loan

Navigating securing a ₹15 lakh home loan requires due diligence and meticulous planning. Here are some pivotal factors to consider:

1. Credit Score

A credit score is an indicator of your financial reliability. A higher score often translates to better loan terms and interest rates. Paying your dues and keeping your credit utilization low can ensure you maintain a commendable score, preferably above 750.

2. Eligibility

Lenders assess various criteria, such as age, income, job stability, and existing liabilities. Meeting the lender's eligibility standards ensures a smoother loan approval process.

3. Ability to Repay

Before taking the loan, critically assess your financial health. Consider your monthly expenses, other financial commitments, and savings to determine if you can comfortably manage the EMI without straining your budget.

4. EMI

Equated Monthly Installments (EMI) are the monthly amount you pay back to the lender. Tools like the Home Loan EMI calculator can help you get a clear picture of your monthly outflow, allowing you to plan better.

5. Overall Cost Calculations

The principal amount is just one facet. You must also consider the interest, processing fees, and other associated charges. A thorough assessment ensures you know the total cost over the loan tenure.

Do’s and Don’ts Table

Do’s	Don’ts
Regularly monitor your credit score.	Avoid taking on many debts simultaneously.
Research multiple lenders before choosing.	Don’t skip reading the fine print.
Keep all required documents organised.	Avoid making last-minute financial changes.
Ensure a steady income source.	Don’t apply to multiple lenders at once.
Plan for contingencies and emergencies.	Avoid hiding or misrepresenting information.

Choosing the right 15 lakh home loan EMI plan is important in a homeowner's journey. As highlighted, various tenures bring different monthly payments and overall costs. Using tools like the NoBroker Home Loan EMI Calculator, you can make well-informed choices tailored to your financial situation. If you're set on commencing this journey, consider NoBroker Home Loan Services to guide you every step of the way. Let's transform your dream home into a reality together.

Disclaimer: The interest rates and calculations mentioned in this guide are for illustrative purposes only. Actual rates and terms may vary depending on the lender and prevailing market conditions.