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How much is the EMI on a ₹ 25 Lakh Home Loan?
The EMI depends on the interest rate and tenure. Use an EMI calculator to estimate your monthly EMIs.
What is the EMI for a ₹ 25 Lakh loan over 5 years?
Approximately ₹ 54,518 per month at an interest rate of 8.70% p.a.
How much salary is required for a ₹ 25 Lakh Home Loan?
L&T Finance does not have a minimum salary requirement to apply for a Home Loan.
What will the EMI be for a ₹ 25 Lakh Home Loan for 25 years?
Around ₹ 24,738 per month at an interest rate of 8.70%.
What will the EMI be for a ₹ 25 Lakh Home Loan for 20 years?
Your EMI would be around ₹ 21,934 per month at 8.70% p.a.
Can I get a ₹ 25 Lakh Home Loan with a low credit score?
It’s challenging. You may need a co-applicant or provide collateral to improve approval chances. Also, there might be a chance to get a Home Loan with a low credit score and a slightly higher interest rate.
What factors affect the EMI amount for a ₹ 25 Lakh Home Loan?
Interest rate, tenure, loan amount, credit score, and repayment history.
What is the ideal loan tenure for a ₹ 25 Lakh Home Loan to manage EMI?
The ideal tenure depends on your repayment capacity. You can use the EMI calculator to get an estimate of your monthly EMIs that fit in your budget.
