Planning to take a home loan of Rs. 70 lakh to buy your dream house? Before applying, it’s helpful to understand how the EMI works and how much interest you might pay over time. Knowing this in advance can make it easier to plan your monthly budget and repayment strategy. You can use a home loan EMI calculator online to estimate your monthly outgo. Let’s explore the EMI you might pay on a Rs. 70 lakh home loan across different loan tenures and how you can manage your repayments better.
Rs. 70 Lakh Home Loan EMI and Interest Rate
Bajaj Finserv offers Rs. 70 lakh home loan EMI starting at Rs. 677/lakh* that can help you to finance your high-value purchases and build your dream home without worrying about funds. You can easily get sanctioned for an amount of Rs. 70 lakh or more to cover necessary costs, from purchasing the property to the construction expenses.
Also, thanks to Government-backed schemes like PMAY and added facilities such as top-up loan features, flexible repayment terms, etc., you can save even more. However, before submitting your 70 lakh home loan application form, learn about the eligibility requirements, interest charges, etc., here.
Rs. 70 lakh home loan EMI according to tenure
The table below outlines the monthly instalment (EMI), total interest, and the total amount payable for Rs. 70 lakh across a range of tenures at the rate of 7.49% p.a.* offered by Bajaj Finserv on housing loans. Curious to know if you qualify for these competitive rates? You can check your eligibility today by entering your mobile number and verifying it with an OTP.
Loan amount (Rs.) |
Loan tenure (years) |
Rate of interest (p.a.) |
EMI (Rs.) |
Total interest (Rs.) |
Total amount payable (Rs.) |
70 lakh |
5 |
7.49% |
1,40,232 |
14,13,943 |
84,13,943 |
70 lakh |
10 |
7.49% |
83,055 |
29,66,565 |
99,66,565 |
70 lakh |
15 |
7.49% |
64,851 |
46,73,197 |
1,16,73,197 |
70 lakh |
20 |
7.49% |
56,349 |
65,23,695 |
1,35,23,695 |
70 lakh |
25 |
7.49% |
51,684 |
85,05,158 |
1,55,05,158 |
70 lakh |
30 |
7.49% |
48,897 |
1,06,02,953 |
1,76,02,953 |
Rs. 70 lakh home loan eligibility and documents required
To make the most of the benefits of this credit facility, meet the following home loan eligibility criteria first.
Salaried individuals |
Self-employed individuals |
Must be a citizen of India |
Must be an Indian resident |
Age should be between 23 and 67 years* |
Age should be between 23 and 70 years* |
Should have at least 3 years of stable work experience with a recognised organisation |
Must have a well-established business with a minimum of 5 years of continuity |
Must meet the required minimum income and property value guidelines for your city |
Same as above – subject to income and property conditions applicable in your area |
Rs. 70 lakh home loan interest rate details
The allotted home loan interest rate on an Rs. 70 lakh home loan for salaried applicants and professional applicants is 7.49%* p.a and onwards. Remember, the rate of interest always influences the overall cost of borrowing, and your monthly liabilities differ according to that.
Make sure you calculate the monthly instalment amount using a house loan EMI calculator, especially when you are planning to opt for such a large amount. This way it will get easier for you to plan your finances accordingly.
70 lakh home loan EMI details
Understanding the loan amortisation, how much you will have to bear for the specified repayment tenor, etc., are necessary before availing a loan. As mentioned earlier, assessing home loan EMI using the relevant financial tool is ideal to get the EMI breakup and know the exact amount you need to pay each month. Ready to check your home loan offers with Bajaj Finserv? You might already qualify for favourable terms and competitive rates. Find out by entering your mobile number and verifying it with an OTP.
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Apart from meeting these parameters, you must ensure that the following documents are ready with you to avail a home loan up to Rs. 70 Lakh:
FORM 16 or latest salary slips (for salaried individuals)
TR document or P&L statement (2 years) (for self-employed individuals)
Proof of business vintage of minimum 5 years (for self-employed individuals)
Basic KYC documents, such as address and identity proof
Bank account statements (last 6 months)
Once you have all these necessary papers handy, it is time for you to be aware of the offered interest rate to evaluate your monthly obligations.
**Maximum age considered at the time of loan maturity.
Rs. 70 lakh home loan EMI for different tenures
Rs. 70 lakh home loan EMI for 30 years
The table below details the particulars regarding a home loan of Rs. 70 lakh for a tenure of 30 years from Bajaj Finserv.
Loan amount |
Rs. 70 lakh |
Loan tenure |
30 years |
Rate of Interest |
7.49% p.a. |
EMI |
Rs. 48,897 |
Total interest |
Rs. 1,06,02,953 |
Total amount payable |
Rs. 1,76,02,953 |
Rs. 70 lakh home loan EMI for 25 years
The table below details the particulars regarding a home loan of Rs. 70 lakh for a tenure of 25 years from Bajaj Finserv.
Loan amount |
Rs. 70 lakh |
Loan tenure |
25 years |
Rate of Interest |
7.49% p.a. |
EMI |
Rs. 51,684 |
Total interest |
Rs. 85,05,158 |
Total amount payable |
Rs. 1,55,05,158 |
Rs. 70 lakh home loan EMI for 20 years
The table below details the particulars regarding a home loan of Rs. 70 lakh for a tenure of 20 years from Bajaj Finserv.
Loan amount |
Rs. 70 lakh |
Loan tenure |
20 years |
Rate of Interest |
7.49% p.a. |
EMI |
Rs. 56,349 |
Total interest |
Rs. 65,23,695 |
Total amount payable |
Rs. 1,35,23,695 |
Rs. 70 lakh home loan EMI for 15 years
The table below details the particulars regarding a home loan of Rs. 70 lakh for a tenure of 15 years from Bajaj Finserv.
Loan amount |
Rs. 70 lakh |
Loan tenure |
15 years |
Rate of Interest |
7.49% p.a. |
EMI |
Rs. 64,851 |
Total interest |
Rs. 46,73,197 |
Total amount payable |
Rs. 1,16,73,197 |
Rs. 70 lakh home loan EMI for 10 years
The table below details the particulars regarding a home loan of Rs. 70 lakh for a tenure of 10 years from Bajaj Finserv.
Loan amount |
Rs. 70 lakh |
Loan tenure |
10 years |
Rate of Interest |
7.49% p.a. |
EMI |
Rs. 83,055 |
Total interest |
Rs. 29,66,565 |
Total amount payable |
Rs. 99,66,565 |
Rs. 70 lakh home loan EMI for 5 years
The table below details the particulars regarding a home loan of Rs. 70 lakh for a tenure of 5 years from Bajaj Finserv.
Loan amount |
Rs. 70 lakh |
Loan tenure |
5 years |
Rate of Interest |
7.49% p.a. |
EMI |
Rs. 1,40,232 |
Total interest |
Rs. 14,13,943 |
Total amount payable |
Rs. 84,13,943 |
Frequently asked Questions
If you choose a 25-year tenure for a Rs. 70 lakh home loan, your EMI will depend on the interest rate. For instance, at 8.50% interest, your EMI may be around Rs. 56,366 per month. A longer tenure reduces monthly payments but increases total interest. Use an EMI calculator to check the exact value.
For a 20-year loan of Rs. 70 lakh, the EMI depends on the interest rate you’re offered. At an interest rate of 7.49% offered by Bajaj Finserv, the monthly EMI can be approximately Rs. 56,349. Shorter tenures mean higher EMIs but lower overall interest paid across the loan period. Always compare rates before applying.
Most lenders offer repayment tenures up to 30 years for a home loan of Rs. 70 lakh, depending on your age, income, and repayment capacity. A longer tenure reduces EMI but increases the total interest paid. The maximum tenure is subject to eligibility and the lender’s internal policy. Looking for extended tenures up to 32 years? Bajaj Finserv offers them along with competitive interest rates with EMIs starting at Rs. 677/lakh*. Check your eligibility in a few minutes using your mobile phone number and OTP.
Yes, you can get a home loan of Rs. 70 lakh if you meet the lender’s eligibility criteria. These usually include age, income, credit score, employment type, and the value of the property. Lenders will also check your repayment capacity and overall financial profile before approving the loan.Bajaj Finserv offers competitive interest rates starting from 7.49%* p.a that you might already qualify for. Check your home loan offers now by entering your mobile number and verifying it with an OTP.
The EMI for a Rs. 70 lakh home loan depends on the interest rate and tenure. For example, at 8.50% interest for 20 years, the EMI would be around Rs. 60,748. You can adjust the tenure to get an EMI that suits your budget. Always use an EMI calculator before applying.
A 25- to 30-year tenure is generally ideal for a Rs. 70 lakh loan if you're looking for manageable EMIs. While longer tenures reduce your monthly burden, they also increase the total interest paid. Choose a tenure that balances affordability and overall cost, based on your income and savings goals.
Bajaj Finserv offers flexible tenures extending up to 32 years on home loans along with competitive interest rates. You might already be eligible. Check your offers now by entering your mobile number and verifying it with an OTP.
Getting a Rs. 70 lakh home loan with a low credit score is difficult but not impossible. Some lenders may approve the loan at a higher interest rate or ask for a co-applicant or security. To improve your chances, you may need to show higher income or reduce your existing debts.
