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Know more about your EMI for a 20 Lakhs Home Loan

Are you considering a ₹20 lakh home loan? Understanding your EMI (Equated Monthly Installment) is crucial. The EMI for a 20 lakhs home loan depends on the interest rate and loan tenure. It's the amount you'll pay monthly to clear your loan.

₹20 Lakh Home Loan EMI Details

Calculating your EMI helps in financial planning. The EMI consists of the principal amount and the interest. Over time, as you pay off the loan, the interest component decreases while the principal component increases.
 

20,00,000 8.75% 5 years 41,226
20,00,000 8.75% 10 Years 25,012
20,00,000 8.75% 15 Years 19,930
20,00,000 8.75% 20 Years 17,610
20,00,000 8.75% 30 Years 15,663

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.

₹20 Lakh Home Loan EMI Calculator

Use our Home Loan EMI Calculator to get an estimate. Input the loan amount, tenure, and interest rate to see your EMI. It's a simple tool that provides clarity on your monthly financial commitments.

Loan amount
₹75,000 ₹35,00,000
Loan duration
1 Years 6 Years
Loan duration
12 Months 72 Months
Rate of interest
%
10% p.a 19% p.a

Monthly EMI

  • Total Amount Payable

    0*

  • Total Interest Payable

    0*

Total Amount Payable

Total Interest Payable

₹20 Lakh Home Loan Interest Rate & Other Charges

Tata Capital offers competitive home loan interest rates. Our rates are designed to make your home loan affordable. Additionally, we maintain transparency on all other charges. Check the current home loan interest rates and charges.

  • Enjoy competitive interest rates

  • Choose your desired loan amount

  • Flexible options for EMI

  • Pre-close your loan at your convenience

How to Apply for ₹20 Lakh Home Loan

1

Fill 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

₹20 Lakh Home Loan Eligibility & Documents Required

If you're eyeing a ₹20 lakh home loan, start by assessing your borrowing capacity with a home loan eligibility calculator. This practical resource estimates the loan amount that suits your financial profile, considering factors like your income and credit score. It's important to have your documentation complete and ready to go. This not only streamlines the application process but also ensures your eligibility assessment is accurate. Being thorough with your paperwork greatly increases your chances of a smooth and prompt loan approval. 

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

₹20 Lakh Home Loan EMI for 5,10,& 20 years

To better understand how your repayments and monthly installments (EMIs) will look for various loan amounts and durations, let's dive into these tables. With the current interest rate at 8.75%, let's break down what the EMI would be for a Rs 20 Lakh loan over periods of 5, 10, 15, and 20 years.

 

5 years 41,226
10 Years 25,012
15 Years 19,930
20 Years 17,610
30 Years 15,663

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.

Conclusion

In summary, opting for a ₹20 lakh home loan from Tata Capital is an excellent choice for those seeking a seamless and financially viable path to homeownership. The attractive interest rate of 8.75%, along with flexible tenure options ranging from 5 to 20 years, allows you to tailor your EMI according to your financial capacity. The straightforward online application process, expedited loan approval, and disbursement timelines are designed for your convenience. Furthermore, the Home Loan EMI Calculator provides a transparent view of your monthly commitments, aiding in effective financial planning. With clear guidelines on eligibility and required documentation for home loans, both salaried and self-employed individuals can navigate the loan process with ease. Tata Capital's commitment to customer-centric solutions makes it an ideal partner in your journey towards acquiring your dream home.

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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