What is the EMI for a 45 lakh home loan for 20 years?

For a home loan of 45 lakhs, an interest rate of 8.5%, and a tenure of 20 years, the approximate monthly EMI is ₹39,052.

₹45 Lakhs Home Loan EMI & Interest Rates

Are you planning to borrow a Home Loan of ₹45 Lakhs to purchase your dream house? Before diving in, it's important to understand Home Loan EMIs. Calculating Home Loan interest rate and EMI in advance will help with a better repayment plan and financial management. You can use a loan EMI calculator to check your EMI amount online. Let's find out what is the EMI for ₹45 Lakhs Home Loan for different loan tenure.

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₹45 Lakhs Home Loan EMI Calculator

Loan Amount

₹

₹1 Lac ₹10 Cr

Tenure (Years)

1 30

Interest Rate (% P.A.)

0.5 15

Monthly Home Loan EMI

₹198341

Principal Amount

₹198341

Interest Amount

₹198341

Total Amount Payable

₹198341

Rates & Offers
Calculators
Documents
Fees & Charges
Benefits & Features
FAQ & More

FAQs
Home Loan Repayment Options
Home Loan Application Process
Things to Check/Do Before You Apply for a Home Loan
Advantages of Availing a Home Loan
Enhance your Home Loan Eligibility
Important Do’s and Don’ts
Terms and Conditions

₹45 Lakhs Home EMI as per tenure

At HDFC Bank, you may obtain Home Loans at attractive interest rates. Let's look at the ₹45 Lakhs housing loan EMI amounts for various loan tenures:

Loan Amount	Interest Rate	Repayment Tenure	EMI Amount
₹45 Lakhs	8.50%*	5 Years	₹92,324
₹45 Lakhs	8.50%*	10 Years	₹55,794
₹45 Lakhs	8.50%*	15 Years	₹44,313
₹45 Lakhs	8.50%*	20 Years	₹39,052
₹45 Lakhs	8.50%*	25 Years	₹36,235

*T&C Apply

₹45 Lakhs Home Loan Eligibility & Documents Required

You must fulfil a few eligibility conditions and documentation requirements to qualify for a ₹45 Lakhs Home Loan at HDFC Bank. Here's an overview:

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.

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.

If you fulfil these home loan eligibility conditions, you must submit the following documents to apply for a ₹45 Lakhs Home Loan at HDFC 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

₹45 Lakhs Home Loan EMI for different tenures

What will be the EMI on ₹45 Lakhs Home Loan for 10 years

Choosing a tenure of 10 years may attract a bigger EMI for your Home Loan of ₹45 Lakhs. Using a ₹45 Lakhs loan EMI calculator, you will get the following results:

Loan Amount	₹45 Lakhs
Interest Rate	8.50%*
Loan Tenure	10 Years
₹45 Lakhs Home Loan EMI for 10 years	₹55,794
Total Interest Payable	₹21,95,227
Total Payable Amount	₹66,95,227

*T&C Apply

What will be the EMI on ₹45 Lakhs Home Loan for 20 years

Are you planning to borrow a ₹45 Lakhs Home Loan for 20 years, your repayment structure would be similar to this:

Loan Amount	₹45 Lakhs
Interest Rate	8.50%*
Loan Tenure	20 Years
₹45 Lakhs Home Loan EMI for 20 years	₹39,052
Total Interest Payable	₹48,72,491
Total Payable Amount	₹93,72,491

*T&C Apply

What will be the EMI on ₹45 Lakhs Home Loan for 25 years

25 years is the maximum Home Loan tenure you can choose at HDFC Bank. Do you want to calculate your ₹45 Lakhs Home Loan EMI for 25 years? EMI calculator will give the following results:

Loan Amount	₹45 Lakhs
Interest Rate	8.50%*
Loan Tenure	25 Years
₹45 Lakhs Home Loan EMI for 25 years	₹36,235
Total Interest Payable	₹63,70,566
Total Payable Amount	₹1,08,70,566

*T&C Apply

Housing Charges

Processing Fees

Name of Fee/ Charge levied	Amount in Rupees
Fees for Resident Housing Loan/ Extension/ House Renovation Loan/ Refinance of Housing Loan/ Plot Loans for Housing (Salaried, Self-Employed Professionals)	Upto 0.50% of the loan amount or Rs. 3000/- whichever is higher + applicable taxes / statutory levies. Minimum Retention Amount: 50% of applicable fees or Rs. 3000/- +applicable taxes/statutory levies whichever is higher
Fees for Resident Housing/ Extension/ Renovation/ Refinance/ Plot Loans for Self Employed Non-Professionals.	Upto 1.50 % of the Loan amount or Rs. 4500/- whichever is higher+ applicable taxes / statutory levies. Minimum Retention Amount: 50% of applicable fees or Rs. 4500/- +applicable taxes/statutory levies whichever is higher
Fees for NRI Loans	Upto 1.25% of the Loan amount or Rs. 3000/- whichever is higher + applicable taxes / statutory levies and charges. Minimum Retention Amount: 50% of applicable fees or Rs. 3000/-+applicable taxes/statutory levies whichever is higher
Fees for Value Plus Loans	Upto 1.50% of the Loan amount or Rs. 4500/- whichever is higher + applicable taxes / statutory levies and charges. Minimum Retention Amount: 50% of applicable fees or Rs. 4500/-+applicable taxes/statutory levies whichever is higher
Fees for Loans under HDFC Bank Reach Scheme	Up to 2.00% of the loan amount+ applicable taxes / statutory levies. Minimum Retention Amount: 50% of applicable fees or Rs. 3000/-+applicable taxes/statutory levies whichever is higher
Re-appraisal of loan after 6months from date of sanction	Rs. 2000/- + applicable taxes / statutory levies.

Other Charges

Name of Fee/ Charge levied	Amount in Rupees
Additional Interest	A maximum of 18% P. A. on overdue instalment amounts.
Incidental Charges	Incidental charges and expenses are levied to cover the cost, charges, expense and other monies as per actuals applicable to a case.
Stamp Duty/ MOD/ MOE/ Registration	As applicable in the respective States.
Fees/Charges levied by entities such as CERSAI	As per actual charges/ fee levied by Regulatory bodies + applicable taxes/ statutory levies
Fees/Charges levied by such third parties such as mortgage guarantee company	As per actual fee/ charges levied by any third party(ies) + applicable taxes/ statutory levies

Name of Fee/ Charge levied	Amount in Rupees
Switch to Lower Rate in Variable rate Loans (Housing/ Extension/ Renovation)	Upto 0.50% of the Principal Outstanding and undisbursed amount (if any)at the time of Conversion or a cap of Rs.50000/-+applicable taxes/statutory Levies which ever is lower.
Switching to Variable Rate Loan from Fixed Rate Loan (Housing/Extension/ Renovation)	Upto 0.50% of the Principal Outstanding and undisbursed amount (if any) at the time of Conversion or a cap of Rs.50000/- + applicable taxes / statutory levies whichever is lower.
Switch from Combination Rate home loan fixed rate to Variable rate	1.75% of the Principal Outstanding and Undisbursed amount (if any)+ applicable taxes / statutory levies at the time of Conversion.
Switch to Lower Rate (Plot Loans)- Variable Rate	0.5% of principal outstanding and undisbursed amount (if any) + applicable taxes/statutory levies at the time of Conversion.
Switch to Lower Rate (Loans under HDFC Bank Reach)- Variable Rate	Upto 1.50% of the principal outstanding and undisbursed amount (if any) + applicable taxes/statutory levies at the time of conversion.

Name of Fee/ Charge levied	Amount in Rupees
Cheque/ACH/SI Dishonor Charge	Rs. 300/- Per Dishonor.
Photocopy of Documents	Upto Rs. 500/- + applicable taxes / . statutory levies
Fees on account of External Opinion – such as legal/technical verifications.	As per actuals.
List of documents	Upto Rs. 500/- + applicable taxes / statutory levies.
PDC swap	Upto Rs. 500/- + applicable taxes / statutory levies.

Name of Fee/ Charge levied	Amount in Rupees
A. Adjustable Rate Loans (ARHL) and Combination Rate Home Loan (“CRHL”) during the period of applicability of the Variable Rate of interest	For loans sanctioned to individual borrowers with or without co-applicants, no prepayment charges shall be payable on account of part or full prepayments made through any sources* except when the loan is sanctioned for business purposes**.
B. Fixed Rate Loans (“FRHL”) and Combination Rate Home Loan (“CRHL”) during the period of applicability of the Fixed Rate of interest	For all loans sanctioned with or without co-applicants, the prepayment charge shall be levied at the rate of 2%, plus applicable taxes/statutory levies of the amounts being so prepaid on account of part or full prepayments except when part or full prepayment is being made through own sources*.

Own Sources: *the expression "own sources" for this purpose means any source other than borrowing from a Bank/HFC/NBFC or Financial Institution.

Name of Fee/ Charge levied	Amount in Rupees
Custody charges	Rs 1000/- per month for non-collection of collateral documents beyond 60 days, from date of closure of all loans/facilities linked to the collateral.

Home Loan in Different Cities

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“

It was very easy to complete disbursement process with support of HDFC staff

”

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“

For people like us with a busy schedule hassle-free service online without visiting the bank was really a lifesaver.

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“

In this challenging situation, the entire process was carried out in a smooth way. Even the query raised was sorted out in a very short time with no hurdle. Every person involved in the inquiry procedures were courteous.

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Frequently Asked Questions

Given a loan amount of ₹45 lakhs, estimated interest rate of 8.50%*, and a tenure of 25 years, the approximate monthly EMI will be around ₹36,235. You can use online EMI calculators or spreadsheet software to easily compute the EMI.

For a home loan of ₹45 lakhs, an interest rate of 8.50%*, and a tenure of 20 years, the approximate monthly EMI is ₹39,052.

You can apply for a Home Loan for a duration of up to 30 years subject to you and your co-applicant’s age and retirement age.

The approval of a Home Loan depends on various factors such as your income, credit score, repayment capacity, value/cost of the property being funded and the lending institution's policies. To determine your eligibility for a ₹45 lakhs Home Loan, you should contact the bank and understand their application process.

To calculate the EMI (Equated Monthly Installment) for a ₹45 lakhs Home Loan, you need to consider the loan amount, interest rate, and tenure. Considering an interest rate of 8.50%* per annum, the EMI with a tenure of 30 years would be ₹34,601.

The ideal loan tenure for a ₹45 lakhs home loan depends on your ability to repay and preferences. Generally, longer tenures result in smaller EMIs, making it more manageable on a monthly basis. The Home Loan maximum tenure can extend up to 30 years, as well.

The approval of a home loan, including a ₹45 lakhs home loan, with a low credit score depends on several factors, and each lender may have different criteria. A low credit score may result in higher interest rates, which can significantly impact the cost of the loan over its term.

Home Loan Repayment Options

Step Up Repayment Facility (SURF)*

SURF offers an option where the repayment schedule is linked to the expected growth in your income. You can avail a higher amount of loan and pay lower EMIs in the initial years. Subsequently, the repayment is accelerated proportionately with the assumed increase in your income.

Flexible Loan Installments Plan (FLIP)*

FLIP offers a customized solution to suit your repayment capacity which is likely to alter during the term of the loan. The loan is structured in such a way that the EMI is higher during the initial years and subsequently decreases in proportion to the income.

Tranche Based EMI

If you purchase an under-construction property you are generally required to service only the interest on the loan amount drawn till the final disbursement of the loan and pay EMIs thereafter. In case you wish to start principal repayment immediately you may opt to tranche the loan and start paying EMIs on the cumulative amounts disbursed.

Accelerated Repayment Scheme

This option provides you the flexibility to increase the EMIs every year in proportion to the increase in your income which will result in you repaying the loan much faster.

^*Applicable only to salaried individuals.

Home Loan Application Process

Step by Step Process of How to Apply for a Home Loan

Step 1

Visit the website of the online home loan provider – https://www.hdfc.com

Step 2

Click on ‘Apply for Home Loan'

Step 3

To find out the home loan amount you are eligible for, click on ‘Check Eligibility’.

Step 4

Under the ‘Basic information’ tab, select the type of housing loan you are looking for (home loan, house renovation loans, plot loans, etc.). You can click on the link beside the loan type for more information.

Step 5

If you have shortlisted a property, click on ‘yes’ in the next question and provide the property details (state, city and estimated cost of property); if you haven’t yet decided on the property, select ‘no’. Fill in your name under ‘Applicant’s Name’. If you want to add a co-applicant to your home loan application, select the number of co-applicants (you can have a maximum of 8 co-applicants).

Step 6

Under the ‘Applicants’ tab, select your residential status (Indian / NRI), provide the state and city you are currently residing in, provide your gender, age, occupation, retirement age, email ID and mobile number, gross/total monthly income, and EMI paid each month for all existing outstanding loans.

Step 7

You will then be taken to the ‘Offers’ tab where you will see home loan products that you can avail of, the maximum loan amount you are eligible for, the EMI payable and the loan tenure, interest rate and whether the interest is fixed or floating.

Step 8

Select the loan product you would like to apply for. You will be taken to the home loan application form where the details you have already provided (such as your name, email ID, etc) will be prefilled. Fill in the balance details – your date of birth and password and click on ‘Submit’.

Step 9

You will then be required to upload all the documents.

Step 10

Now all you have to do is pay the processing fees and your online housing loan application is complete.

Why Apply for a Home Loan with HDFC Bank

HDFC Bank is one of India’s leading private banks and was among the first to receive approval from the Reserve Bank of India (RBI) to set up a private sector bank in 1994.

As of March 31, 2023, the Bank had a nationwide distribution network of 7,821 branches and 19,727 ATMs / Cash Deposit & Withdrawal Machines (CDMs) across 3,811 cities / towns.HDFC Bank’s end-to-end digital home loan application process, integrated home loan branch network across the county and 24X7 online assistance can make your home owning journey a memorable one.

You can now apply for a home loan online in 4 simple steps with HDFC Bank's quick and easy apply online module.

Things To Check/Do Before You Apply For A Home Loan

The following points need to be kept in mind before applying for a home loan

Check your loan eligibility before starting your home loan application.
Read the FAQs before starting your loan application process.
Go through the list of documents required and keep them ready before starting your home loan application process.
Make sure you provide all the details that the home loan provider will need to process your application.
Be clear about the type of home loan you need (home loan, house renovation loan, plot loan, etc.)

Advantages Of Availing A Home Loan

1. It helps you avail funds for home purchase

It can take years to accumulate sufficient funds for buying a house. However, you don’t need to wait this long. You can simply take a home loan to purchase your dream house.

2. It offers Tax Benefits

A home loan offers income tax benefit on the interest and principal repayments. You can claim tax deduction on principal repayments u/s 80C and on interest repayments u/s 24B.

3. Low interest rates

Interest rates on home loan are lower than other types of loans. Availing a housing loan has become very affordable today.

4. Customised repayment options

Home loan providers tailor your home loan repayment to suit your requirements.

How Do I Improve My Chances Of Getting A Home Loan?

Improve your credit score by creating a reasonable track record of timely repayments so that you achieve a high credit score which would improve your prospects of getting a home loan.
Avoid frequent job changes as this presents a picture of instability.
Obtain your credit report periodically, say once or twice in a year, verify the same for errors and get them rectified as and when required.
Check with the lender if the property that you have shortlisted will be considered for a housing loan. At the same time, do an independent due diligence.
Ensure that the documentation of your home loan application is in order as per the requirement of the lender.
You can take the following steps to improve your chances of getting a home loan

Do’s and Dont's while Applying for a Home Loan

Check your housing loan eligibility before starting your home loan application.
Go through the list of documents required and keep them ready before starting your online application process
Be clear about the type of loan you need (home loan, house renovation loan, plot loan, etc.)
Read the FAQs before starting your loan application process
You could use the online chat facility if you have any queries.
Make sure you provide all the details that the home loan provider will need to process your application.

Avoid making an application for an adhoc loan amount without checking your eligibility
Don’t leave out submitting important documents.
Don’t ignore you CIBIL score while making your loan application (your score has an impact on your loan application)

HDFC Bank Home Loan Terms & Conditions

Security

Security of the loan would generally be security interest on the property being financed and / or any other collateral / interim security as may be required by HDFC Bank.

Other Conditions

All the information contained herein above is for awareness and customer convenience and is intended to only act as an indicative guide about HDFC Bank’s products and services. For detailed information about HDFC Bank’s products and services kindly visit the nearest HDFC Bank branch.

Click here for the Most Important Terms and Conditions pertaining to your loan.