₹80 Lakh Home Loan - Check EMI for 5 to 25 Years

₹80 Lakh Home Loan EMI

Most aspiring home buyers seek Home Loans to fund their purchase and pay in easy monthly instalments. At Kotak Mahindra Bank, you can easily obtain a ₹ 80 Lakh Home Loan offline or online at an attractive home loan interest rate.

As far as the EMI for 80 lakh home loan is concerned, you can choose a flexible home loan tenure of up to 25 years . Use the Home loan EMI calculator and plan your repayments without stretching your budget. Let’s find out how it works.

Home loan EMI calculator, helps you to easily adjust the tenure and interest inputs to figure out the EMI that suits your finances.

Let’s find out how it works.

Calculate Your EMI for Home Loan of ₹ 80 Lakh

A Home loan EMI calculator helps you calculate EMIs across different tenures. The longer the home loan tenure, the lower your monthly EMI. It calculates the EMIs based on three variables: loan amount, interest rate, and loan tenure. Enter these details in the Home Loan EMI calculator and get the desired results in a flash. You can adjust the loan term according to your budget until you get an affordable EMI for 80 Lakh Home Loan based on affordability.

Home Loan

Loan Amount

Minimum ₹ 10,00,000

Interest Rate

Tenure (Years)

Till April 2028

Equated Monthly Instalments (EMI)

10000

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Principal

50,00,000

Interest Payable

2,00,000

View Amortization Table

Home Loan Amortization Schedule

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Emi Nos	Opening Principal	EMI	Interest	Principal Repayment	Closing Principal

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Monthly obligation should not be greater than Monthly Net Income

Guide to better loan finance

Resources to get the best out of your Home Loan and manage your finances prudently

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₹ 80 Lakh Home Loan EMI as per Tenure

Here is an idea of your EMI for 80 Lakhs Home Loan based on the repayment tenure you select:

Loan Amount & Tenure	EMI Amount
₹80 Lakhs Home Loan EMI for 5 years	₹160,684
₹80 Lakhs Home Loan EMI for 10 years	₹95,379
₹80 Lakhs Home Loan EMI for 15 years	₹74,616
₹80 Lakhs Home Loan EMI for 20 years	₹64,937
₹80 Lakhs Home Loan EMI for 25 years	₹59,640

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Additional Home Loan Options

Kotak Mahindra Bank also offers a range of tailored solutions to suit different borrower needs:

Home loan balance transfer: Transfer your existing loan to enjoy better interest rates and reduced EMIs.
NRI home loan: Specially designed financing options for Non-Resident Indians looking to invest in property in India.
Home loan for women: Preferential benefits such as lower interest rates and easier eligibility for women borrowers.
Home improvement loan: Finance your renovation, repair, or upgrade needs without hassle.

₹ 80 Lakh Home Loan Eligibility & Documents Required

To apply for a Home Loan of 80 Lakh at Kotak Mahindra Bank, ensure that you fulfil these eligibility requirements according to your profession:

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 Delhi, Mumbai, Bangalore, Pune, and Chennai residents. Minimum Income of ₹15,000 per month for the residents of other cities.	Minimum Income of ₹20,000 per month for residents of Delhi, Mumbai, Bangalore, Pune, and Chennai. Minimum Income of ₹15,000 per month for the residents of other cities.
Work Experience/Continuity	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.

Eligible applicants must scan and upload these documents to apply for an online Home Loan at Kotak Mahindra Bank:

Identity proof, like Aadhar card*, PAN card, driving licence, voter ID, passport, etc.
Address proof, like Aadhar card*, voter ID, driving licence, passport, etc.
Age proof, like voter ID, passport, PAN card, Aadhar card*, driving licence, etc.
Signature proof, like a passport or PAN card
Income proof

How to Apply for ₹ 80 lakh Home Loan with Kotak Mahindra Bank

Are you planning to apply for a Home Loan at Kotak Mahindra Bank? Follow these steps to streamline the process:

Visit Kotak Mahindra Bank's website or download the mobile banking app
Click the ‘Apply Now’ button
Fill out the application form with your personal and other required details. Once the basic details have been filled and submitted our Home Loan specialist will connect to process your application

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Frequently Asked Question

Is a Home Loan of ₹80 Lakh eligible for tax exemption?

You can claim a tax exemption of up to ₹1.5 Lakh on the principal amount under Section 80C and up to ₹2 Lakh on the interest amount under Section 24B.

Can I apply for an ₹80 Lakh Home Loan jointly with a co-applicant?

Yes, adding a co-applicant with a high credit score and income is a good strategy to get the best Home Loan deal.

How can I avail of ₹80 Lakh Home Loan in India?

You can avail of a ₹80 Lakh Home Loan in India, offline or online. Visit the bank's branch to apply offline, or use their website or app to apply online.

How to use an EMI calculator for ₹80 Lakhs Home Loan?

Enter your loan amount, interest rate, and repayment tenure in the ₹80 Lakhs house loan EMI calculator to calculate your EMI.

What are the different types of interest rates available for an ₹80 Lakh Home Loan?

The Home Loan interest rate at Kotak Mahindra Bank are flexible. It means that the interest rate depends on the change in repo rate that the RBI announces during the loan tenure.

Is it better to choose a longer or shorter tenure for an ₹80 Lakh Home Loan?

A longer tenure decreases the EMI amount but increases the total interest cost, while a shorter tenure increases the EMI amount but saves money on the interest cost. So, choosing the shortest possible loan term with budget-friendly EMIs is best.

What will be the EMI on ₹ 80 Lakh Home Loan for 10 years?

The EMI for an ₹80 lakh home loan over 10 years at an interest rate of 7.60% is approximately ₹ 1,00,261. Use an EMI calculator for accurate calculations based on rates.

What will be the EMI on a ₹ 80 Lakh Home Loan for 20 Years?

For an ₹80 lakh home loan with an 7.60% interest rate and a 20-year tenure, the estimated monthly EMI is ₹70,697.

What will be the EMI on ₹ 80 Lakhs Home Loan for 25 years?

For a loan amount of ₹80 lakhs with an estimated interest rate of 7.60% and a tenure of 25 years, the approximate monthly EMI will be around ₹65,771. You can easily compute the EMI using online calculators or spreadsheet software.