Buying a home is one of the most significant financial decisions for any individual or family. If you’re planning to borrow ₹1 crore, it’s important to understand what your monthly repayment commitment will look like. This article breaks down what will be the EMI for ₹1 crore home loan, explains factors affecting it, and shows how to use a home loan EMI calculator to plan your finances smartly.
What Will Be the EMI for ₹1 Crore Home Loan?
The Equated Monthly Installment (EMI) depends on three main factors:
- Loan amount
- Interest rate
- Loan tenure
Below is a table showing EMI estimates for a ₹1 crore home loan across different tenures and interest rates.
EMI Calculation Table
| Loan Tenure | Interest Rate | EMI (Approx.) | Total Interest | Total Payment |
| 10 years | 8% | ₹1,21,328 | ₹45,59,374 | ₹1,45,59,374 |
| 15 years | 8% | ₹95,594 | ₹71,06,933 | ₹1,71,06,933 |
| 20 years | 8% | ₹83,644 | ₹1,00,74,443 | ₹2,00,74,443 |
| 25 years | 8% | ₹80,271 | ₹1,40,81,207 | ₹2,40,81,207 |
| 30 years | 8% | ₹73,456 | ₹1,64,44,267 | ₹2,64,44,267 |
These are only examples. Use Olyv’s home loan EMI calculator to get accurate, personalized values based on your profile.
How to Use a Home Loan EMI Calculator
A home loan eligibility calculator helps you check whether you qualify for a loan amount and what EMI you can manage. Follow these steps:
- Visit Olyv’s EMI Calculator
A trusted tool to assess repayment capability. - Enter Loan Details
Input your loan amount (₹1 crore), interest rate (e.g., 8%), and desired tenure (e.g., 20 years). - Get Instant EMI Breakdown
The calculator gives a detailed estimate of monthly EMI, total payable interest, and total repayment amount. - Adjust Variables for Better Fit
Modify tenure or rate to find an EMI that matches your income. - Plan Smartly
Use this calculator before applying so you can avoid loan rejection and pick better terms.
Using a home loan EMI calculator is especially important for a high-value loan like ₹1 crore. It helps prevent over-borrowing and ensures manageable repayment.
Tips to Reduce EMI on ₹1 Crore Home Loan
Here’s how to bring down your monthly burden:
- Choose a longer tenure: While you’ll pay more interest over time, your EMI will reduce significantly.
- Improve your credit score: A score above 750 can help you negotiate lower interest rates.
- Make a higher down payment: Borrow less by contributing more upfront.
- Compare lenders: Use platforms financial lending platforms to compare rates and offers.
- Consider balance transfer: Shift your loan to another lender with better terms midway.
Real-Life Example
Let’s say you take a ₹1 crore home loan at 8% interest for 20 years.
Using the calculator:
- EMI = ₹83,644
- Total Repayment = ₹2,00,74,443
- You can reduce this by prepaying yearly bonuses or switching to a better offer later through balance transfer.
Why It’s Crucial to Plan Your EMI
Knowing what will be the EMI for ₹1 crore home loan helps you prepare financially. If your net monthly income is ₹2 lakh, an EMI of ₹83,644 means ~42% of income goes to the loan—acceptable under most lender norms.
Use a home loan EMI calculator to align your EMI with your income, lifestyle, and long-term goals.
Final Thoughts
Borrowing ₹1 crore is a big step, one that requires financial clarity. Use a Olyv’s home loan EMI calculator to explore your options, understand what will be the EMI for ₹1 crore home loan, and make decisions that won’t burden your monthly finances. Platforms like Olyv make this process simple and transparent.
