45 Lakh Home Loan EMI -Tenure up to 25 years*
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₹45 Lakh Home Loan EMI

A Home Loan of ₹45 Lakh can be a great financial boost if you’re planning on buying a house without using up all or most of your savings. With Kotak Mahindra Bank’s housing finance, you can get up to 90% of the property’s value and repay it in easy Equated Monthly Installments (EMIs) over a period of up to 25 years. It is important to find a suitable EMI plan for your Home Loan of ₹45 Lakh. You can do this quite easily with the help of Kotak Mahindra Bank’s Home Loan EMI calculator. Once you’re clear on this, you can apply for your Home Loan

Home Loan EMI Calculator For ₹45 Lakh

Knowing the EMI for your ₹45 Lakh Home Loan will help you settle on an appropriate loan tenure and chart out a stable repayment plan that sits well within your budget.

 

Just enter the amount you need, the interest rate you prefer, and the period of time you’d like to pay your Home Loan over. The calculator will render an estimate of the EMIs you’ll stand to pay. It just takes a few seconds of your time to make an informed decision.

 

Using the Home Loan EMI calculator for a ₹45 Lakh Home Loan will help calculate different monthly EMI amounts, along with the total loan cost and interest outgo. Based on the results, you can decide which loan tenure is ideal.

Loan Amount

Minimum ₹ 10,00,000

Interest Rate

Tenure (Years)

Till April 2028

top_curve left_curve

Equated Monthly Instalments (EMI)

10000

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Principal

50,00,000

Interest Payable

2,00,000

Home Loan Amortization Schedule
Download
Emi Nos Opening Principal EMI Interest Principal Repayment Closing Principal
Monthly obligation should not be greater than Monthly Net Income
mutual_found

Guide to better loan finance

Resources to get the best out of your Home Loan and manage your finances prudently

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₹45 Lakh Home Loan EMI As Per Tenure

Are you planning to apply for a Home Loan of ₹45 Lakh? Knowing EMI plans for various loan terms is crucial to making the final decision. Here is an outlook.

Loan Amount Interest Rate Repayment Tenure EMI Amount

₹45 Lakh

8.75%*

5 Years

₹92,867

₹45 Lakh

8.75%*

10 Years

₹56,397

₹45 Lakh

8.75%*

15 Years

₹44,975

₹45 Lakh

8.75%*

20 Years

₹39,766

₹45 Lakh

8.75%*

25 Years

₹36,996

*T&C Apply

Documents & Eligibility Criteria Required for ₹45 Lakh Home Loan

Before applying for a Home Loan of ₹45 Lakh at Kotak Mahindra Bank, you must know about the eligibility criteria and documents required. These are as follows:

Eligibility Criteria For Salaried For Self-Employed
Age 18-60 years 18-65 years
Minimum Gross Income Monthly salary of ₹20,000 if you live in Delhi, Mumbai, Pune, Chennai, and Bangalore
Monthly salary of ₹15,000 if you reside in other cities
Minimum three years of business experience with a net income of ₹2,40,000 per annum for companies in Delhi, Mumbai, Pune, Chennai, and Bangalore, and ₹1,80,000 per annum for companies in other cities
Years of Services Minimum 2 years The business should have been existing for a min. of 3 years

 

If you fulfil these requirements, submit the scanned copies of the following documents through the Kotak Mahindra Bank website or mobile banking app:

 

  • 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

Check Your Eligibility Now

How to Apply for ₹45 Lakh Home Loan With Kotak Mahindra Bank?

Are you planning to apply for a Home Loan of ₹45 Lakh with Kotak Mahindra Bank? These are the steps to follow:

 

  • Visit the official website of Kotak Mahindra Bank or download the mobile banking app
  • Click the 'Apply Now' button in the Home Loan section
  • Enter your details in the application form
  • Once the basic details have been submitted our Home Loan specialist will get in touch to process your home loan application

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

Again, if you’re planning to take a Home Loan for 10 years, use a loan EMI calculator to know your EMIs. This is how they will look for 10 years:

Loan Amount
₹45 Lakh
Interest Rate 8.75%*
Loan Tenure 10 Years
₹45 Lakh Home Loan EMI for 10 years ₹56,397
Total Interest Payable ₹22,67,645
Total Payable Amount ₹67,67,645

*T&C Apply

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

Here is what your EMI for a ₹45 Lakh Home Loan taken for a tenure of 20 years will look like:

Loan Amount
₹45 Lakh
Interest Rate 8.75%*
Loan Tenure 20 Years
₹45 Lakh Home Loan EMI for 20 years ₹ 39,766
Total Interest Payable ₹50,44,076
Total Payable Amount ₹95,44,076

*T&C Apply

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

Your ₹45 Lakh Home Loan EMI will include the following over the course of 25 years:

Loan Amount
₹45 Lakh
Interest Rate 8.75%*
Loan Tenure 25 Years
₹45 Lakh Home Loan EMI for 25 years ₹36,996
Total Interest Payable ₹65,98,939
Total Payable Amount ₹1,10,98,939

*T&C Apply

Ready to take the next step?

Have specific doubts? Talk to our Home Loan Advisor

Home Loan Up To ₹45 Lakh FAQs

How can I calculate the EMI for a ₹45 Lakh Home Loan?

A Home Loan EMI calculator will help you calculate the EMIs based on your Home Loan interest rate, loan amount, and loan tenure. Enter the variables in the online tool and get quick results.

What is the salary required for a ₹45 Lakh Home Loan?

Your minimum salary should be at least ₹20,000 if you live in Delhi, Mumbai, Pune, Bangalore, or Chennai. It should be at least ₹15,000 if you live in any other city.

Can I apply for a ₹45 Lakh Home Loan with a co-applicant?

Yes, co-application is a useful strategy that increases your chances of approval and helps you grab a better deal.

Can I easily get a Home Loan of ₹45 Lakh in India?

Yes, you can easily get a housing loan both offline and online right here with Kotak Mahindra Bank. You can easily apply online if you fulfil the eligibility and documentation requirements.

What is the maximum age limit to apply for a ₹45 Lakh Home Loan?

Salaried employees' age should be between the age of 18 to 60 years, and self-employed professionals' age should be between 18 to 65 years to apply for a ₹45 Lakh Home Loan with Kotak Mahindra Bank.

Can I get an instant Home Loan up to ₹45 Lakh at a low-interest rate in Mumbai?

Yes, you can get an instant Home Loan up to ₹45 Lakh on a low Home Loan interest rate in Mumbai. However, your minimum salary requirement can be higher than applicants from most other cities. Remember, having a good credit score and solid repayment history can certainly help you get a loan on more favourable interest.

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