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. 684/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 7.45%* 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.) |
Interest rate |
Tenure (years) |
EMI |
Total interest (Rs.) |
Total amount payable (Rs.) |
70 lakh |
7.45%* p.a |
5 |
1,40,099 |
14,05,963 |
84,05,963 |
70 lakh |
7.45%* p.a |
10 |
82,909 |
29,49,042 |
99,49,042 |
70 lakh |
7.45%* p.a |
15 |
64,692 |
46,44,584 |
1,16,44,584 |
70 lakh |
7.45%* p.a |
20 |
56,178 |
64,82,649 |
1,34,82,649 |
70 lakh |
7.45%* p.a |
25 |
51,502 |
84,50,581 |
1,54,50,581 |
70 lakh |
7.45%* p.a |
30 |
48,706 |
1,05,34,007 |
1,75,34,007 |
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 7.45%* 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.
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 |
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 |
Interest rate |
7.45%* p.a |
Loan tenure |
30 years |
EMI |
Rs. 48,706 |
Total interest payable |
Rs. 1,05,34,007 |
Total payable amount |
Rs. 1,75,34,007 |
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 |
Interest rate |
7.45%* p.a |
Loan tenure |
25 years |
EMI |
Rs. 51,502 |
Total interest payable |
Rs. 84,50,581 |
Total payable amount |
Rs. 1,54,50,581 |
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 |
Interest rate |
7.45%* p.a |
Loan tenure |
20 years |
EMI |
Rs. 56,178 |
Total interest payable |
Rs. 64,82,649 |
Total payable amount |
Rs. 1,34,82,649 |
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 |
Interest rate |
7.45%* p.a |
Loan tenure |
15 years |
EMI |
Rs. 64,692 |
Total interest payable |
Rs. 46,44,584 |
Total payable amount |
Rs. 1,16,44,584 |
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 |
Interest rate |
7.45%* p.a |
Loan tenure |
10 years |
EMI |
Rs. 82,909 |
Total interest payable |
Rs. 29,49,042 |
Total payable amount |
Rs. 99,49,042 |
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 |
Interest rate |
7.45%* p.a |
Loan tenure |
10 years |
EMI |
Rs. 1,40,099 |
Total interest payable |
Rs. 14,05,963 |
Total payable amount |
Rs. 84,05,963 |
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