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Explore EMI Options for ₹12 Lakh Home Loan

Embarking on the homeownership journey with a ₹12 Lakh home loan requires a comprehensive understanding of the EMI and interest rate dynamics. In this detailed guide, we will delve into the specifics of the EMI, utilize the home loan EMI calculator to simplify financial planning, explore additional charges associated with the loan, guide you through the application process, and outline eligibility criteria along with the necessary documents.

₹12 Lakh Home Loan EMI Details

At the heart of your home loan lies the Equated Monthly Installment (EMI). The amount you pay monthly depends on factors such as the interest rate, loan tenure, and processing fees. Our Home loan EMI calculator is a valuable tool in this regard. By inputting the loan amount, interest rate, and tenure, you can obtain an accurate EMI figure. This tool is instrumental in helping you plan your finances effectively and ensures a seamless repayment journey.
 

12,00,000 8.75% 5 years 24,736
12,00,000 8.75% 10 Years 15,007
12,00,000 8.75% 15 Years 11,958
12,00,000 8.75% 20 Years 10,566
12,00,000 8.75% 30 Years 9,398

Disclaimer: The aforementioned values, calculations, and results are for illustrative and informational purposes only and may vary basis various parameters laid down by Tata Capital.

₹12 Lakh Home Loan EMI Calculator

To demystify the financial commitment associated with your ₹12 Lakh home loan, our EMI calculator proves to be an invaluable asset. Whether you opt for a 5-year, 12-year, or 20-year tenure, this tool provides instant insights. Experiment with different interest rates to understand their impact on your monthly outgoings. Empower yourself with the knowledge to make well-informed decisions on your home loan.

₹12 Lakh Home Loan Interest and Other Charges

Beyond the EMI, it is imperative to be cognizant of additional charges. The home loan interest rate is a pivotal factor in determining the overall cost of your home loan. Delve into the intricacies of interest rates and uncover any hidden charges that may apply. Being well-informed ensures transparency, allowing you to plan your finances with precision.

  • Enjoy competitive interest rates

  • Choose your desired loan amount

  • Flexible options for EMI

  • Pre-close your loan at your convenience

How to Apply for ₹12 Lakh Home Loan

Ready to turn your homeownership dream into reality with a ₹12 Lakh home loan? Our comprehensive guide simplifies the application process step by step. From understanding eligibility criteria to gathering the required documents, we've got you covered. Navigating the application process can be overwhelming, but our guide ensures a smooth and hassle-free experience.

1

Fill out the online form

Access our online home loan application form here. It should take you 10 to 15 minutes to fill up the form.

2

Upload documents

Upload the self-attested copies of the required documents. After receiving your documents, we will initiate a verification process.

3

Expert Inspection

Our experts will inspect the property and give on-spot approval for your house loan.

4

Loan disbursal

You will get your loan amount in your bank account within 3 to 5 working days

₹12 Lakh Home Loan Eligibility & Documents Required

Assessing your eligibility is a critical step in the home loan journey. Factors such as income, age, and credit score play a crucial role. Our guide breaks down these aspects, making it easy for you to determine your eligibility. Additionally, we provide a comprehensive list of home loan documents required for ₹12 lakh home loan. Simplifying the eligibility check and documentation process is our commitment to you.

For a comprehensive understanding of the necessary documentation, please refer to the following table:
 

Age Proof Age Proof
Photo Identity Proof Photo Identity Proof
Address Proof Address Proof
Income Proof Business Proof
Existing Loan Details Income Proof
Processing Fee Cheque Existing Loan Details
Processing Fee Cheque

₹12 Lakh Home Loan EMI for 5 Years, 10 Years,15 Years, & 20 Years

Tailoring your home loan to your financial situation is key. Our guide provides EMI details for various tenures—5 years, 12 years, and 20 years. Understanding the impact of different tenures on your EMI allows you to choose a repayment plan that aligns with your financial goals.

Let's analyze the Equated Monthly Installment (EMI) for a loan of Rs 20 Lakh across different tenures: 5 years, 10 years, 15 years, and 20 years.
 

5 years 24,736
10 Years 15,007
15 Years 11,958
20 Years 10,566
30 Years 9,398

Conclusion

securing a ₹12 Lakh home loan involves a series of informed decisions. From understanding EMI details and using the EMI calculator to exploring interest rates and charges, our guide equips you with the knowledge needed for a seamless experience. Applying for a home loan becomes straightforward when armed with insights into home loan eligibility criteria and required documents. Your dream home is within reach, and we're here to guide you every step of the way.

What our customers say about us

I had applied for a home loan at Tata Capital & got the it approved quickly. The process was smooth and sanctioned with sufficient amount with tenure period of 20 yrs.

Sumeet Verma

Home Loan | 14 March, 2022

The submission of my home loan application was very simple and easy. Even the documentation process was very simple and ended in very less time.

Yukta Jaiswal

Home Loan | 11 March, 2022

The customer support service is good as they responded to my queries without any wait time. With their help, my home loan was approved in very less time.

Rashmi Singhania

Home Loan | 28 February, 2022

I got my home loan approved from Tata Capital. The reason behind going with Tata Capital home loan is they were offering home loan at best price and zero processing fee.

Aman Malik

Home Loan | 18 February, 2022

The rate of interest is moderate. Pre closure is applicable but there is locking period. Their customer service is very good.

Amiya Ranjan Swain

Home Loan | 20 October, 2021

The home loan was sanctioned on time and I easily uploaded the documents through online.

Rajesh Jain

Home Loan | 20 October, 2021

Interest rate is a bit high when I compared to Government banks, but processing time and charges for my home loan were less. Loan was sanctioned soon as well.

Manoj Kumar Mishra

Home Loan | 20 October, 2021

The process for my housing loan was immediate. Interest rates were normal at X%. The documentation process was hassle free. What else can I expect!?

Kundan Meher

Home Loan | 20 October, 2021

The processing fee was nominal for my home loan. It was processed hassle free. I am satisfied with the service.

Sridhar Pillai

Home Loan | 20 October, 2021