Taking out a home loan is an important milestone for anyone hoping to buy a house, as it allows you to gradually pay for a property while enjoying the comfort of having your own space. One of the most important aspects to understand before applying is the Equated Monthly Instalment (EMI). This monthly payment shows how much you will need to set aside regularly to repay the loan without straining your budget. For a home loan of Rs. 28 lakh, the EMI becomes a key part of your financial planning. It helps you assess whether the loan fits comfortably within your income and long-term goals, making it easier to manage your finances while moving closer to owning your dream home.
Rs. 28 lakh home loan EMI for different tenures
Loan amount (Rs.) |
Interest rate |
Tenure (years) |
Approx. EMI (Rs.) |
Total interest (Rs.) |
Total amount payable (Rs.) |
28 lakh |
7.45%* p.a |
30 |
19,482 |
42,13,603 |
70,13,603 |
28 lakh |
7.45%* p.a |
25 |
20,601 |
33,80,232 |
61,80,232 |
28 lakh |
7.45%* p.a |
20 |
22,471 |
25,93,060 |
53,93,060 |
28 lakh |
7.45%* p.a |
15 |
25,877 |
18,57,834 |
46,57,834 |
28 lakh |
7.45%* p.a |
10 |
33,163 |
11,79,617 |
39,79,617 |
28 lakh |
7.45%* p.a |
5 |
56,040 |
5,62,385 |
33,62,385 |
Rs. 28 lakh home loan eligibility and documents required
Documents required
- KYC documents: Identity and address proof like Aadhar card, voter ID, or passport.
- Proof of income: For salaried applicants, salary slips for the last 3–6 months. For self-employed individuals, a P&L statement for the last 2–3 years.
- Proof of business: For self-employed applicants, documents that validate your business.
- Bank statements: Recent bank account statements for the last 6 months to check your financial stability.
Eligibility requirements
- Nationality: Indian citizen, residing in India.
- Age: Salaried applicants should be between 23 years and 67 years. Self-employed professionals should be between 23 years and 70 years. The upper age limit is considered at the time of loan maturity.
- CIBIL Score: A CIBIL Score of 725+ is ideal for securing a home loan at competitive rates as it reflects your creditworthiness and repayment ability.
- Occupation: Salaried employees, self-employed professionals, and business owners may apply.
Curious how you qualify? Check your eligibility now by entering your mobile number and verifying it with an OTP.
Rs. 28 lakh home loan EMI for 5 years
The table below outlines the particulars for a home loan of Rs. 28 lakh for a period of 5 years at an interest rate of 7.45%* p.a.
Loan amount (Rs.) |
28 lakh |
Interest rate |
7.45%* p.a |
Tenure (years) |
5 |
Approx. EMI (Rs.) |
56,040 |
Total interest (Rs.) |
5,62,385 |
Total amount payable (Rs.) |
33,62,385 |
Rs. 28 lakh home loan EMI for 10 years
The table below outlines the particulars for a home loan of Rs. 28 lakh for a period of 10 years at an interest rate of 7.45%* p.a.
Loan amount (Rs.) |
28 lakh |
Interest rate |
7.45%* p.a |
Tenure (years) |
10 |
Approx. EMI (Rs.) |
33,163 |
Total interest (Rs.) |
11,79,617 |
Total amount payable (Rs.) |
39,79,617 |
Rs. 28 lakh home loan EMI for 15 years
The table below outlines the particulars for a home loan of Rs. 28 lakh for a period of 15 years at an interest rate of 7.45%* p.a.
Loan amount (Rs.) |
28 lakh |
Interest rate |
7.45%* p.a |
Tenure (years) |
15 |
Approx. EMI (Rs.) |
25,877 |
Total interest (Rs.) |
18,57,834 |
Total amount payable (Rs.) |
46,57,834 |
Rs. 28 lakh home loan EMI for 20 years
The table below outlines the particulars for a home loan of Rs. 28 lakh for a period of 20 years at an interest rate of 7.45%* p.a.
Loan amount (Rs.) |
28 lakh |
Interest rate |
7.45%* p.a |
Tenure (years) |
20 |
Approx. EMI (Rs.) |
22,471 |
Total interest (Rs.) |
25,93,060 |
Total amount payable (Rs.) |
53,93,060 |
Rs. 28 lakh home loan EMI for 25 years
The table below outlines the particulars for a home loan of Rs. 28 lakh for a period of 25 years at an interest rate of 7.45%* p.a.
Loan amount (Rs.) |
28 lakh |
Interest rate |
7.45%* p.a |
Tenure (years) |
25 |
Approx. EMI (Rs.) |
20,601 |
Total interest (Rs.) |
33,80,232 |
Total amount payable (Rs.) |
61,80,232 |
Rs. 28 lakh home loan EMI for 30 years
The table below outlines the particulars for a home loan of Rs. 28 lakh for a period of 30 years at an interest rate of 7.45%* p.a.
Loan amount (Rs.) |
28 lakh |
Interest rate |
7.45%* p.a |
Tenure (years) |
30 |
Approx. EMI (Rs.) |
19,482 |
Total interest (Rs.) |
42,13,603 |
Total amount payable (Rs.) |
70,13,603 |
