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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

Service provided by Manoj Patel in Surat vesu Branch was helpful and because of his support we were able to close loan.

Prakash Patil

Home Loan | 23 Aug, 2024

Excellent A1 Services. The Lady at the Customer Desk is very Cooperative and helpful so that my work completed without the time frame. The name of the Lady is Amruta Pathak. God bless her and her family. Thanks and Regards for the entire team of Tata Capital.

Nandlal Lal Arora

Home Loan | 13 Aug, 2024

Very good & prompt service, and we have spoken to Mr. Manish also, and he always helps us to provide our request. Thank you, Ms Apurva Shende & Manish Padwal

Farhang Ahmed Azar

Home Loan | 24 Jul, 2024

I'm happy with the service and the help I got earlier for foreclosure letter. Thank you so much & thanks to Alisha mam for her guidance.

Akshay Anil Pawar

Home Loan | 17 Jul, 2024

Special thanks to Mr. Avinash for his help rendered with full commitment to his job, answering the queries to me clearly, and follow up so that the work is done in given time to get customer satisfaction.

Hannah Grace

Home Loan | 02 Jul, 2024

Mr Avinash who handled my case is well experienced and has courtesy for customers' concerns. However, some of the Tata Capital products are very expensive when compared to other banks' ones!

Mohammed Shakeel Urrahman

Home Loan | 28 Jun, 2024

Start to end of my loan process was simple and guidance of your team members were to the point. My last communication was with Mr. MANOJ PATEL from surat branch he was very polite and helpful.

Anamika Vijaykumar Tiwari

Home Loan | 20 Jun, 2024

We extend our heartfelt gratitude to Mr. Pravin Sagare, Senior Officer of Customer Service, for his exceptional service. His remarkable demeanor and professionalism during telephonic interactions with customers have been truly outstanding. Over the past two years, we have utilized various services, yet none have matched the quality provided by Mr. Sagare. We are deeply impressed by the exemplary service, due to this reaons we has influenced our decision to obtain a second home loan from TATA Capital Housing Finance Limited.

Avinash Vasantbhai Bhesaniya

Home Loan | 07 Jun, 2024

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 Mar, 2022

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