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₹1 Crore Home Loan EMI & Interest Rate
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Do you plan to buy your dream house? A Home Loan is the best funding option for when it comes to funding for your dream house. Opt for a Home Loan of ₹ 1 Crore from Kotak Mahindra Bank with numerous exclusive features and benefits. Don't worry about shelling out excess, as you can get an attractive Home Loan interest rate
Use a loan EMI calculator to calculate your EMI for Home Loan of 1 Crore! Apply online through the Kotak Bank website or app to get a sanction letter within a few minutes.
Are you planning to apply for home loan? You may want to know about the EMI for a home loan of 1 Crore. Rather than contemplating and depending on your agent to calculate the EMIs, use the Home Loan EMI calculator to know your exact EMI amount.
Home loan calculator is a user-friendly online tool that calculates your monthly payable EMI amount according to the interest rate, loan amount, and repayment tenure. Knowing your EMIs before borrowing improves EMI management and helps in a better management of the finances.
Resources to get the best out of your Home Loan and manage your finances prudently
EXPLORE NOWWhat is the EMI for 1 Crore Home Loan? At Kotak Mahindra Bank, you can opt for a loan tenure of up to 25 years.
| Loan Amount | Interest Rate | Repayment Tenure | EMI Amount |
|---|---|---|---|
1 Crore |
8.70%* |
5 Years |
₹ 206,130 |
1 Crore |
8.70%* |
10 Years |
₹ 125,057 |
1 Crore |
8.70%* |
15 Years |
₹ 99,649 |
1 Crore |
8.70%* |
20 Years |
₹ 88,052 |
1 Crore |
8.70%* |
25 Years |
₹ 81,874 |
*T&C Apply
You must fulfil the eligibility conditions and provide all the required documents to obtain a Home Loan of 1 Crore. Here is an outlook
| Criteria | Salaried Applicants |
Self-employed Applicants |
|---|---|---|
Age |
Applicants should be between 18 and 60 years old |
Applicants should be between 18-65 years old |
Income |
Minimum Income of ₹ 20,000 per month for Minimum Income of ₹* 15,000 per month for the |
Minimum Income of ₹ 20,000 per month for Minimum Income of ₹ 15,000 per month for the |
Work |
2 years of work experience and at least 6 months in the current organisation. |
Minimum 3 years in business or profession with the number of successful years in the business or profession. |
If you are eligible, you must submit these documents to apply for a Home Loan at Kotak Mahindra Bank:
You can apply for a ₹ 1 Crore Home Loan with Kotak by visiting your nearby bank branch or online via the website or app. Online loan application comes with the added advantage of a sanction letter within ten minutes which is fast and convenient. These are the steps to follow:
If you borrow a Home Loan 1 Crore for 20 years at the interest rate of 8.70%, your EMI will be as follows:
| Loan Amount | ₹ 1 Crore |
|---|---|
Interest Rate |
8.70%* |
Loan Tenure |
20 Years |
1 Crore Home Loan EMI |
₹ 88,052 |
Total Interest Payable |
₹ 11,132,550 |
Total Payable Amount |
₹ 21,132,550 |
*T&C apply
Want to calculate 1 Crore Home Loan EMI for 25 years? These are the details to know:
| Loan Amount | ₹ 1 Crore |
|---|---|
Interest Rate |
8.70%* |
Loan Tenure |
25 Years |
1 cr house loan EMI |
₹ 81,874 |
Total Interest Payable |
₹ 14,562,480 |
Total Payable Amount |
₹ 24,562,480 |
*T&C apply
The ideal loan tenure for your loan plan depends on your monthly budget and repayment capacity.
To qualify for a ₹1 Crore Home Loan from Kotak Mahindra Bank, you must earn a minimum of ₹20,000 if you live in Delhi, Mumbai, Pune, Chennai, and Bangalore, and at least ₹15,000 if living in other cities.
You can apply for a Home Loan of ₹1 Crore offline by visiting the bank's branch office or online via the website or mobile banking app.
Yes, you can get a Home Loan for purchasing a second home if you have a good credit score, down payment, existing financial commitments and a strong repayment capacity.
Your Home Loan EMI for ₹1 Crore will depend on your interest rate and loan tenure. Higher interest and shorter repayment tenure mean bigger EMIs, and vice versa.
Yes, you can easily get a Home Loan of ₹1 Crore in India, provided that you fulfil the home loan eligibility and documentation requirements and demonstrate a strong repayment capacity.
You can pay off any existing balance of Home Loan using Kotak’s Home Loan Balance Transfer at a lower rate of interest.
If you are an NRI and are looking for a Home Loan, Kotak provides you just that. Check out our NRI Home Loans section.
If you are looking for renovating your home, you can do so by taking Kotak’s Home Improvement Loans
To encourage women home buyers, Kotak Mahindra Bank offers affordable housing loans for women.
