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EMI and Interest rates for Home Loan of ₹35 Lakh
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Getting a Home Loan for ₹35 Lakhs is now easier than ever. At Kotak Mahindra Bank, we offer housing finance at an attractive Home Loan interest rate, so you can purchase the best property. Apply for a Home Loan online or offline and get a loan tenure of up to 25 years to repay in easy EMIs. You can use a Home Loan EMI calculator to know your ₹35 Lakh Home Loan EMI and make a good repayment plan before applying for a Home Loan.
A Home Loan EMI calculator helps calculate EMIs online without any manual calculations. It gives accurate results in seconds by entering only three vital variables: your loan amount, interest rate, and repayment tenure. You can adjust the loan tenure until you find a term with the ₹35 Lakhs housing loan EMI you can easily repay each month.
Resources to get the best out of your Home Loan and manage your finances prudently
EXPLORE NOWA Home Loan calculator calculates the EMI for ₹35 Lakhs Home Loan based on your loan amount, interest rate, and repayment term. At Kotak Mahindra, the Home Loan interest rate starts at just 8.70%. These are the common EMI plans:
| Loan Amount | Interest Rate | Repayment Tenure | EMI Amount |
|---|---|---|---|
| ₹35 Lakh | 8.70%* | 5 Years | ₹72,145 |
| ₹35 Lakh | 8.70%* | 10 Years | ₹43,770 |
| ₹35 Lakh | 8.70%* | 15 Years | ₹34,877 |
| ₹35 Lakh | 8.70%* | 20 Years | ₹30,818 |
| ₹35 Lakh | 8.70%* | 25 Years | ₹28,656 |
*T&C Apply
Both salaried employees and self-employed individuals can apply for ₹35 Lakh Home Loan at Kotak Mahindra Bank. However, their eligibility and documentation requirements may vary. Here’s an overview:
| Eligibility Criteria | For Salaried | For Self-Employed |
|---|---|---|
| Age | 18-60 years | 18-65 years |
| Minimum Gross Income | Monthly salary of ₹20,000 if you live in Delhi, Mumbai, Pune, Chennai, and Bangalore Monthly salary of ₹15,000 if you reside in other cities |
Minimum three years of business experience with a net income of ₹2,40,000 per annum for companies in Delhi, Mumbai, Pune, Chennai, and Bangalore, and ₹1,80,000 per annum for companies in other cities |
| Years of Services | Minimum 2 years | The business should have been existing for a min. of 3 years |
At Kotak Mahindra, you can apply for ₹35 Lakh Home Loan both offline and online. For offline applications, you can visit your nearby bank branch to learn the details and apply. If you decide to apply online, follow these steps:
Want to know your ₹35 Lakh Home Loan EMI for 10 years? Here’s a breakup of your repayment plan:
| Loan Amount |
₹35 Lakh |
|---|---|
| Interest Rate | 8.70%* |
| Loan Tenure | 10 Years |
| EMI for ₹35 Lakhs Home Loan for 10 years |
₹43,770 |
| Total Interest Payable | ₹1,752,431 |
| Total Payable Amount | ₹5,252,431 |
*T&C Apply
Taking a Home Loan for 15 years? This will be your EMI plan:
| Loan Amount |
₹35 Lakh |
|---|---|
| Interest Rate | 8.70%* |
| Loan Tenure | 15 Years |
| EMI for ₹35 Lakhs Home Loan for 15 years |
₹34,877 |
| Total Interest Payable | ₹2,777,937 |
| Total Payable Amount | ₹6,277,937 |
*T&C Apply
Here’s a breakup of your ₹35 Lakh Home Loan EMI for 20 years:
| Loan Amount |
₹35 Lakh |
|---|---|
| Interest Rate | 8.70%* |
| Loan Tenure | 20 Years |
| EMI for ₹35 Lakhs Home Loan for 20 years |
₹ 30,818 |
| Total Interest Payable | ₹3,896,392 |
| Total Payable Amount | ₹7,396, 392 |
*T&C Apply
A longer tenure results in lower EMIs but higher overall interest costs. A shorter tenure leads to higher EMIs but lower interest expenses. Choose a tenure that aligns with your monthly budget, income stability, and long-term financial goals, while considering your ability to comfortably pay the EMI.
To qualify for a ₹35 Lakh Home Loan at Kotak Mahindra, a salaried individual must earn a minimum salary of ₹20,000 per month in Delhi, Mumbai, Bangalore, Pune, or Chennai, and ₹15,000 in any other city.
You may get a Home Loan of ₹35 Lakh both offline and online. Visit the bank branch to apply offline, log on to the website or download the mobile banking app to apply online.
A ₹35 Lakh loan EMI calculator calculates your EMIs based on three variables: loan amount, interest rate, and repayment tenure.
Yes, getting a Home Loan of ₹35 Lakh in India is easy via offline or online procedures. Simply follow the steps to apply online or contact your nearest Kotak Mahindra Bank branch to apply offline.
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.
