What is the EMI for 25 lakhs home loan?

One excellent option is to apply for a home loan to finance your property. Calculating your home loan EMI in advance is essential if you want to manage your money more effectively. Assume that you have taken a Rs. 25 lakh house loan to cover the down payment on a property. In such a case how much will your Rs. 25 lakh home loan instalment be? You can compute your monthly instalments for this by using a Rs. 25 lakh home loan EMI calculator.

How to Calculate the Home Loan 25 Lakh EMI?

There are several online EMI calculators. When I availed a home loan, I used the NoBroker EMI calculator. You too can use the NoBroker EMI calculator to calculate the EMI of 25 lakh home loan.

• You should click on the below-given link;

• Enter the loan amount, which is Rs. 25 Lakh

• Enter the rate of interest (P.A), which is for instance 8.45% p.a.

• Select the loan tenure which for example is 10 years

This will give the result that is, Rs. 30,930 as the monthly EMI on 25 lakh home loan.

I hope this helps!

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After bagging a job I decided to buy my own home. Hence, I decided to avail myself of a home loan. However, I always used to wonder, “What will be the EMI for 25 lakhs home loan?” I used a 25 lakhs home loan EMI calculator of NoBroker. This gave me an estimate of the EMI that we need to pay for a 25 lakhs rupees home loan.

Home loans are offered through Housing Finance Companies (HFCs) and banks, with rates starting at 8.25% p.a. for terms up to 30 years and loan amounts up to 80% of the purchase price of the property.

If you take out a property loan between Rs. 20 Lakhs to Rs. 25 Lakhs with a 30-year term and an annual interest rate of 8.25%, your monthly Rs. 25 lac home loan EMI payment to the lender will range between Rs. 12,500 and Rs. 15,800.

I hope this clarifies your query about, how much EMI for 25 lakh home loan.

HFCs/banks offer a variety of home loan schemes, including cheaper EMIs, increased home loan eligibility, mixed interest rates, EMI waivers, overdraft facilities, and balance transfer facilities, to suit the housing financing demands of the customer base.

Some of the elements that affect your 25 lac home loan EMI include

• Interest Rate: 

The amount you pay each month in instalments directly relates to the rate of interest that is charged on the loan. The amount of the EMI increases with the interest rate.

• Loan term: 

The loan's term also affects the EMI. A loan taken out for a longer term will have a cheaper EMI than one for a smaller amount.

• Loan Amount: 

The amount borrowed affects your monthly mortgage payment. The EMI for a loan of 25 lakhs would be significantly greater than that of a loan of 10 lakhs.

• Credit score:

A three-digit number that represents your creditworthiness is your credit score. You can obtain a house loan with a reduced interest rate if you have a high credit score. On the other hand, a bad credit history could prevent you from getting the loan as well as result in a higher interest rate.

• Address: 

The lender may charge a lower interest rate—which results in a cheaper EMI—if your property is situated in a fancy/ posh neighbourhood.

• Loan to Value (LTV) Ratio: 

Banks typically see house loans with high LTV ratios as being riskier than those with low LTV ratios. As a result, if you take out a house loan with a high LTV ratio, you might have to pay a higher interest rate and EMI.

I’d like to conclude my answer here about, “What will be the EMI for 25 lakhs home loan?” I hope this helps:)

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To apply for a home loan, you have to take into consideration the EMI you will be paying every month. EMI is calculated based on a few things such as what is the type of interest rate you have opted for - floating or fixed, tenure of your home loan, principal amount. You are here to know

what is the EMI for 25 lakhs home loan

, let me help you out. By the way, there are many home loan EMI calculators out there. I came across the NoBroker Home Loan EMI calculator, you too can check it out.

Banks calculate EMI using the following formula if you opt for fixed interest rate for home loan:

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

Let us suppose that you took a loan of Rs. 25 lakhs for 10 years at the interest rate of 6.75%. So going by the formula above, the EMI calculation will be as follows:

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

EMI = [2500000 x 6.75% x (1+6.75%)^10) / [(1+6.75%)^10-1]

EMI = Rs. 28,706

The total interest you’ll be paying for 10 years will be Rs. 9,44,720.

I hope this clarifies what is

25 lakh home loan EMI.