Let us understand about how much EMI will be charged on 15 lakh home loan in 2022

The lowest home loan interest rate is from Kotak Mahindra Bank and Punjab & Sind Bank which is around - 6.65% p.a.

If you take 15 lakh home loan for 30 years at an interest rate of 6.80%, the monthly EMI will be Rs 9,779

If you take a 15 lakh home loan for 25 years at an interest rate of 6.80%, the monthly EMI will be Rs 10,411

If you take a 15 lakh home loan for 20 years at an interest rate of 6.80%, the monthly EMI will be Rs 11,450

If you take a 15 lakh home loan for 15 years at an interest rate of 6.80%, the monthly EMI will be Rs 13,315

You can increase the tenure of your loan to reduce the EMI, the longer the tenure, the lower the EMI

To be eligible for a home loan of Rs 15 lakh, you must have a CIBIL score of at least 650 to 700

Documents required for home loan of Rs 15 lakh are:- PAN card, Aadhar card and 3 months salary slip

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