3 Crore Home Loan EMI
Taking the leap and obtaining a home loan is a significant step in the exciting process of buying your ideal house. Choosing a 3 crore Home Loan in the ever-changing real estate market means making a significant financial commitment, which emphasises the need for a thorough awareness of all the details. Knowing the requirements set forth by lending organisations is crucial if you want to plan the route for your home-buying journey. Many significant factors, including income, credit score, work history, and current financial obligations, have a significant impact on eligibility. A smooth loan application procedure requires careful documentation organisation, including evidence of income, property records, and KYC information.
- Personalized Home Loan solutions
- Expert guidance
- Application assistance
- Credit score discussion
- Home Loan Interest rate comparison
Table of Content
Features and Benefits of 3 Crore Home Loan
Securing a 3 Crore Home Loan comes with a myriad of features and benefits, catering to the unique needs of individuals aiming to purchase high-value properties. Here’s a comprehensive look at what makes these substantial home loans stand out in the financial landscape.
- Substantial Loan Amount: A 3 Crore Home Loan enables the purchase of expansive properties with luxury amenities in prime locations, meeting the needs of homebuyers looking for spacious and premium residences.
- Flexible Repayment Terms: Borrowers can choose from various repayment tenures that suit their financial situations. Longer tenures offer lower monthly payments, while shorter tenures save on total interest paid.
- Competitive Interest Rates: Lenders offer competitive rates on these large loans, making financing more accessible. Borrowers should monitor market rates to optimize their loan timing and terms.
- Customizable EMIs: Borrowers can adjust their monthly payments using online EMI calculators to find a balance that fits their budget, factoring in their preferred loan tenure and interest rates.
- Diverse Loan Options: Financial institutions provide both fixed-rate and floating-rate loans, allowing borrowers to select the option that best fits their risk tolerance and financial strategy.
- Tax Benefits: Homebuyers can benefit from tax deductions on principal and interest payments under the Income Tax Act, potentially enhancing the affordability of the loan.
- Prepayment Advantages: Making extra payments towards the principal can significantly reduce the total interest cost, accelerating the journey to becoming debt-free.
3 Crore Home Loan Eligibility Criteria
Here’s a detailed look at the important elements that determine whether you’re eligible to set out on this significant financial adventure.
- KYC Documents: Proof of identity and residence, such as PAN, Aadhaar, passport, or driving license.
- Income Proof: Latest salary slips, bank statements, and IT returns for salaried individuals; financial statements for self-employed.
- Property Documents: Legal documents related to the property being purchased or constructed, including title deeds and approval plans.
- Additional Documents: Employment contract, ongoing loan repayments, and any other financial commitments.
- Age Criteria: The applicant should be at least 21 years old at the time of loan application and should not exceed 65 years at the time of loan maturity. This ensures that the borrower has the capability to repay the loan during their working years.
Factors Affecting 3 Crore Home Loan EMI
Take a closer look at the key elements that can significantly impact the monthly financial commitment associated with a loan of this magnitude.
- Loan Amount: Unsurprisingly, the principal loan amount has a direct correlation with the EMI. In the case of a 3 crore Home Loan, the larger the loan, the higher the EMI is likely to be.
- Interest Rate: The interest rate, a critical component of any home loan, can substantially influence the EMI. A higher interest rate translates to a higher EMI, while a lower rate can ease the monthly financial burden.
- Repayment Tenure: The chosen repayment tenure plays a pivotal role in determining the EMI. Opting for a longer tenure may result in a lower EMI, but it also leads to a higher overall interest payout. Conversely, a shorter tenure may increase the EMI but reduce the total interest paid over the life of the loan.
- Interest Type: The type of interest, whether fixed or floating, impacts the EMI. Fixed-rate loans provide stability, with EMIs remaining constant throughout the repayment period. In contrast, floating-rate loans can lead to fluctuations in EMIs based on market interest rate changes.
- Down Payment: The amount paid as a down payment influences the loan amount and, consequently, the EMI. A higher down payment reduces the loan principal, resulting in a more manageable EMI.
- Prepayment and Part-Payment: Opting for prepayment or part-payment facilities can impact the EMI. Making additional payments towards the principal amount reduces the outstanding balance, potentially lowering subsequent EMIs.
- Loan Processing Fees: Although they have no direct impact on the EMI, lenders’ one-time processing fees should be taken into account. These fees can add to the overall cost of the loan and may impact your financial planning.
- Economic Factors: Economic conditions and inflation rates can influence interest rates, subsequently affecting EMIs. Keeping an eye on market trends helps borrowers anticipate potential changes in their financial commitments.
- Credit Score: Lenders base their interest rates on a borrower’s credit score. A higher credit score can result in a lower interest rate, positively impacting the EMI.
- Insurance and Taxes: Including insurance premiums and property taxes in the loan can affect the EMI. While it doesn’t directly impact the principal or interest, it adds to the overall monthly outflow.
Documents Required for 3 Crore Home Loan
Following is the list of documents that are typically required when applying for a home loan of ₹3 crore. Please note that the exact requirements may vary depending on the lending institution.
- Personal Identification Documents: These are used to verify your identity and residency. They can include:
- PAN Card or Form 60 (if you don’t have a PAN Card)
- Passport
- Aadhaar Card
- Driving License
- Voter’s ID Card
- Job card issued by NREGA
- Letter issued by the National Population Register
- Income-Related Documents: These are used to assess your ability to repay the loan. They can include:
- For salaried individuals: Last 3 months’ salary slips, last 6 months’ bank statements showing salary credits, and the latest Form-16 and IT returns
- For self-employed individuals: Income tax returns, balance sheets, profit and loss statements for the last 2 years, and business entity statements attested by a CA
- Property-Related Documents: These are used to verify the details of the property you’re planning to purchase. They can include:
- Title deeds of the property
- Receipts of initial payments made to the seller
- Copy of the agreement to sell (if already executed)
- Title deeds of the plot
- Proof of no encumbrances on the property
- Copy of the plans, approved by the local authorities
*Remember, it’s always a good idea to check with your bank or lending institution for the most accurate and up-to-date information. They may have additional requirements or specific forms that need to be filled out. Good luck with your home loan application!
3 Crore Home Loan Processing Fees & Other Charges
When you apply for a home loan, there are several fees and charges that you’ll need to be aware of. Here’s a breakdown of some of the most common ones for a ₹3 Crore home loan:
- Processing Fee: The lender will charge you this one-time fee in order to process your application for a home loan. It’s usually calculated as a percentage of the loan amount. In India, the processing fee generally ranges from 0.50% to 2.00% of the loan amount. For a ₹3 crore loan, this could mean a fee of ₹1.5 lakh to ₹6 lakh. Please note that GST of 18% will also apply.
- Prepayment Charge: This is a fee you have to pay if you decide to pay off your outstanding loan balance before the tenure ends. It usually ranges from 2% to 6% of the outstanding loan amount. However, most lenders do not levy any prepayment charges on floating rate loans.
- Conversion Charges: If you wish to change your floating rate loan to a fixed rate loan, or vice versa, you will have to pay a one-time conversion charge.
- Late Payment Fee: This fee is charged when you fail to make your EMI payment on time. It is usually charged as a certain percentage of the delayed amount every month.
3 Crore Home Loan EMI for 5-30 Years
Let’s assume an annual interest rate of 8.4% for the calculations. Here’s the EMI for a ₹3 Crore home loan for various tenures:
Loan Tenure (Years) | Monthly EMI (₹) |
5 | 608,292 |
10 | 363,983 |
15 | 286,696 |
20 | 250,932 |
25 | 224,316 |
30 | 208,166 |
*Please note that these are approximate values and the actual EMI may vary based on the exact interest rate offered by the bank
Important Key Points to Consider while Taking 3 Crore Home Loan
Securing a 3 crore loan is a significant financial undertaking. Here are some crucial factors to carefully evaluate before proceeding:
- Interest Rates: Opt for the best interest rate available by comparing different banks and financial institutions. A lower rate can significantly reduce your overall repayment amount.
- Loan Tenure: A longer loan tenure reduces your EMI but increases the total interest paid. Find a balance that suits your financial plan.
- Down Payment: Making a larger down payment can reduce the principal amount, thereby reducing the EMI and interest over the loan period.
- Credit Score: A high credit score can help you secure a lower interest rate. Ensure your credit score is in good standing before applying.
- Income Stability: Ensure that your income is stable and sufficient to cover the EMIs along with your other expenses.
Tips to Minimise Your 3 Crore Home Loan EMI
Here a few tips to help you minimise your 3 crore home loan EMI:
- Balance Transfer: Consider transferring your loan to another lender offering a lower interest rate after carefully evaluating the terms and conditions.
- Prepayment: Whenever possible, make partial prepayments to reduce the principal amount, which in turn will reduce your EMI.
- Choose wisely: Opt for floating rates if interest rates are expected to decrease in the future.
- EMI Calculators: Use online EMI calculators to plan and choose the best loan structure for your needs.
Loans
- 30 Lakh Home Loan EMI
- RBL Bank Personal Loan of 2 Lakh
- BOB Housewife Personal Loan
- ICICI Bnak Housewife Personal Loan
- Indusind Bank Personal Loan of 5 Lakh
- HSBC Bank Small Loans
- Bank of Maharashtra Personal Loan of Rs. 5 Lakh
- IDBI Bank Personal Loan of 3 Lakh
- IDFC First Bank Personal Loan Balance Transfer
- Union Bank of India Personal Loan of 9 lakh
- Indusind Bank Personal Loan of 6 Lakh
- Indian Bank small loans
- IDBI Bank Salaried Employee Personal loan
- 20 Lakh Home Loan EMI
- HSBC Bank Overdraft Loan
- HSBC Bank Personal Loan Transfer
- Yes Bank Travel Loan
- Kotak Travel Loan
- HDFC Personal Loan of 2 Lakh
- Canara Travel Loan
- HDFC Personal Loan of 4 Lakh
- SBI Personal Loan of 20,000
- Bank Of Baroda Small Loans
- RBL Bank Travel Loan
- SBI Personal Loan of 3 Lakh
- IndusInd Bank Medical Loan
- SBI Personal Loan of 5000
- SBI Personal Loan of 4 Lakh
- SBI Personal Loan of 40000
- BOB Personal Loan of 7 Lakh
- SBI Personal Loan of 7 Lakh
- SBI Personal Loan of 10 Lakh
- BOB Personal Loan of 50000
- BOB Personal Loan of 10 Lakh
- HSBC Bank Medical Loan
- HDFC Personal Loan of 3 Lakh
- Canara Bank Housewife Personal Loan
- HDFC Personal Loan of 5 Lakh
- SBI Personal Loan of 10000
- SBI Personal Loan of 25000
- Canara Bank Students Personal Loan
- PNB Bank Medical Loan
- ICICI Personal Loan of 10000
- ICICI Personal Loan of 5000
- ICICI Personal Loan of 15000
- HDFC Personal Loan of 1 Lakh
- BOB Personal Loan for Doctors
- BOB Personal Loan of 2 Lakh
- BOB Bank Wedding Loan
- HDFC Personal Loan of 6 Lakh
- Union Bank of India Personal Loan of 8 lakh
- SBI Personal Loan of 15,000
- ICICI Personal Loan of 20000
- SBI Personal Loan of 30000
- ICICI Personal Loan of 50000
- SBI Personal Loan of 50000
- ICICI Personal Loan of 1 Lakh
- SBI Personal Loan of 1 Lakh
- SBI Personal Loan of 2 Lakh
- Indian Bank Medical Loan
- SBI Personal Loan of 5 Lakh
- SBI Personal Loan of 6 Lakh
- SBI Personal Loan of 8 Lakh
- ICICI Personal Loan of 2 Lakh
- SBI Personal Loan of 9 Lakh
- BOB Personal Loan of 10000
- BOB Personal Loan of 40000
- Bank of India Medical Loan
- BOB Personal Loan of 1 Lakh
- ICICI Personal Loan of 3 Lakh
- BOB Personal Loan of 8 Lakh
- BOB Personal Loan of 9 Lakh
- Bank of Maharashtra Wedding Loan
- Canara Bank Self Employed Personal Loan
- Karnataka Bank Wedding Loan
- Karnataka Bank Travel Loan
- Punjab & Sind Bank Medical Loan
- Federal Bank Medical Loan
- Union Bank Small Personal Loan
- Federal Bank Travel Loan
- ICICI Bank Personal Loan Balance Transfer
- ICICI Personal Loan for Wedding
- Yes Bank Personal Loan of 1 Lakh
- HDFC Bank Personal Loan Balance Transfer
- RBL Bank Government Employees Personal loan
- Home Loan for 70000 Salary
- Kotak Mahindra Bank Personal Loan of 7 lakh
- Yes Bank Government Employee Personal loan
- HDFC Personal Loan of 10000
- Axis Bank Personal Loan of 5000
- Axis Bank Personal Loan of 10000
- Indusind Bank Personal Loan for Lawyers
- Federal Bank Personal Loan of 1 Lakh
- Union Bank Government Employees Personal loan
- Union Bank Personal Loan for Doctors
- Federal Bank Personal Loan of 4 Lakh
- Federal Bank Personal Loan of 7 Lakh
- Union Bank of India Personal Loan of 5 lakh
- ICICI Personal Loan of 4 Lakh
- BOB Students Personal Loan
- Axis Bank Personal Loan of 15000
- Axis Bank Personal Loan of 1 lakh
- Union Bank Housewife Personal loan
- Federal Bank Personal Loan of 6 Lakh
- Axis Bank Personal Loan of 2 lakh
- Axis Bank Personal Loan of 3 lakh
- Indian Bank Personal Loan of 8 lakh
- Canara Bank Small Personal Loan
- Axis Bank Personal Loan of 4 lakh
- Axis Bank Personal Loan of 5 lakh
- Karur Vysya Bank short term personal loan
- Axis Bank Personal Loan of 6 lakh
- Indian Bank Personal Loan for Doctors
- Indusind Bank Personal Loan for Doctors
- Indusind Bank Students Personal loan
- Axis Bank Personal Loan of 7 lakh
- Axis Bank Personal Loan of 8 lakh
- RBL Bank Personal Loan of 7 Lakh
- HDFC Senior Citizen Personal Loan
- Indusind Bank Senior Citizens/Pensioners Personal loan
- HDFC Government Employees Personal Loan
- Yes Bank Personal Loan of 2 Lakh
- HDFC Salaried Employee Personal Loan
- Indusind Bank Personal Loan of 1 Lakh
- Union Bank of India Personal Loan of 6 lakh
- HDFC Personal Loan for Doctors
- SBI Personal Loan Eligibility Calculator
- RBL Bank Personal Loan of 10 Lakh
- Canara Bank Personal Loan for Wedding
- Union Bank of India Personal Loan of 4 lakh
- HDFC Personal Loan for lawyers
- Axis Senior Citizen Personal Loan
- RBL Bank Personal Loan of 8 Lakh
- Axis Government Employees Personal Loan
- Federal Bank Personal Loan of 10 Lakh
- Axis Salaried Employee Personal Loan
- Union Bank Personal Loan for Lawyers
- Axis Bank Personal Loan of 40000
- Union Bank of India Personal Loan of 2 lakh
- Indusind Bank Personal Loan of 9 Lakh
- Indusind Bank Personal Loan of 8 Lakh
- Indusind Bank Personal Loan of 40000
- Federal Bank Personal Loan of 3 Lakh
- Union Bank Students Personal loan
- Indusind Bank Salaried Employee Personal loan
- Axis Students Personal Loan
- Kotak Mahindra Bank Personal Loan of 6 Lakh
- RBL Bank Personal Loan for Lawyers
- Kotak Personal Loan for Wedding
- Yes Bank Personal Loan of 7 Lakh
- ICICI Personal Loan of 10 Lakh
- IDBI Bank Personal Loan of 50000
- Punjab Sind Bank overdraft loan
- Canara Bank Short-Term loan
- Union Bank of India Personal Loan of 1 lakh
- RBL Bank Personal Loan Transfer
- Canara Bank Personal Loan of 10 Lakh
- IDFC First Bank Personal Loan of 5000
- ICICI Bnak Self Employed Personal Loan
- Federal Bank Personal Loan of 50000
- Karur Vysya Bank Personal Loan for Doctors
- Union Bank Self Employed Personal loan
- Union Bank Salaried Employee Personal loan
- RBL Bank Personal Loan of 9 Lakh
- IDFC First Bank Personal Loan of 10000
- ICICI Bnak Personal Loan for Doctors
- RBL Bank Personal Loan of 50000
- Yes Bank Home Loan Eligibility Calculator
- 1 crore Home Loan EMI
- 50 Lakh Home Loan EMI
- 25 Lakh Home Loan EMI
- Union Bank Home Loan Eligibility Calculator
- HSBC Government Employee Personal Loan
- RBL Bank Personal Loan of 6 Lakh
- IDFC First Bank Personal Loan of 20,000
- IDFC First Bank Personal Loan of 25000
- Home Loan Eligibility Calculator
- IDFC First Bank Personal Loan of 2 Lakh
- Indian Bank Personal Loan of 10 lakh
- Indian Bank Salaried Employee Personal loan
- IDFC First Bank Personal Loan of 40000
- Kotak Mahindra Bank Personal Loan of 5 Lakh
- SBI Government Employees Personal Loan
- SBI Salaried Employee Personal Loan
- IDBI Bank Personal Loan of 40000
- Karnataka Bank small loans
- IDFC First Bank Personal Loan of 1 Lakh
- SBI Students Personal Loan
- SBI Housewife Personal Loan
- Yes Bank Personal Loan of 50000
- SBI Self Employed Personal Loan
- Canara Bank Personal Loan of 9 Lakh
- 10 Lakh SBI Home Loan
- SBI Personal Loan for Doctors
- IDFC First Bank Personal Loan of 50000
- SBI Personal Loan for Lawyers
- Yes Bank Personal loan for Doctors
- Indian Bank Personal Loan of 9 lakh
- Canara Bank Personal Loan of 7 Lakh
- Karnataka Bank overdraft loan
- BOB Senior Citizen Personal Loan
- Indiabulls Home Loan Eligibility Calculator
- Axis Bnak Personal Loan for Doctors
- Axis Bnak Self Employed Personal Loan
- Canara Bank Personal Loan of 6 Lakh
- Union Bank of India Personal Loan of 50000
- Union Bank Senior Citizens/Pensioners Personal loan
- Axis Bnak Housewife Personal Loan
- Kotak Mahindra Bank Personal Loan of 3 Lakh
- Kotak Home Loan Eligibility Calculator
- IDFC First Bank Personal Loan of 4 Lakh
- Federal Bank Salaried Employee Personal loan
- BOB Salaried Employee Personal Loan
- Axis Bank Fast Forward Home Loan Scheme
- IDFC First Bank Personal Loan of 5 Lakh
- IDFC First Bank Personal Loan of 6 Lakh
- Kotak Mahindra Bank Personal Loan of 4 Lakh
- IDFC First Bank Personal Loan of 7 Lakh
- Federal Bank Students Personal loan
- 80 Lakh Home Loan EMI
- Indian Bank Government Employees Personal loan
- Canara Bank Home Loan Eligibility Calculator
- IDFC First Bank Personal Loan of 8 Lakh
- Holi 2024
- IDFC First Bank Personal Loan of 9 Lakh
- Yes Bank Self Employed Personal loan
- Yes Bank Students Personal loan
- Yes Bank Personal Loan of 4 Lakh
- Union Bank of India Personal Loan of 7 lakh
- Indusind Bank Personal Loan of 2 Lakh
- Indusind Bank Personal Loan of 50000
- Axis Bank Personal Loan of 30000
- Union Bank of India Personal Loan of 40000
- Indusind Bank Personal Loan of 4 Lakh
- Yes Bank Personal Loan of 8 Lakh
- RBL Bank Personal Loan of 5 Lakh
- RBL Bank Personal Loan of 1 Lakh
- Federal Bank Personal Loan of 8 Lakh
- IDBI Bank Flexi Loan
- Canara Bank Salaried Employee Personal loan
- Indusind Bank Personal Loan of 10 Lakh
- ICICI Personal Loan of 7 Lakh
- Personal Loan for Government Employees
- Federal Bank Personal Loan of 5 Lakh
- Yes Bank Salaried Employee Personal loan
- Yes Bank Personal Loan of 6 Lakh
- RBL Bank Personal Loan of 40000
- ICICI Credit Card Application Status
- PMEGP Loan
- ICICI Personal Loan of 6 Lakh
- IDFC First Bank Personal Loan of 10 Lakh
- Kotak Bank Housewife Personal Loan
- BOB Self Employed Personal Loan
- Kotak Bank Personal Loan for Lawyers
- Federal Bank Self Employed Personal loan
- Canara Bank Personal Loan for Senior Citizens
- PNB Personal Loan of 3 Lakh
- RBL Bank Salaried Employee Personal loan
- Canara Bank Personal Loan for Doctors
- Canara Medical Loan
- HDFC Personal Loan of 15000
- Axis Travel Loan
- Kotak Mahindra Bank Personal Loan of 9 lakh
- Federal Bank Housewife Personal loan
- Home Loan for 40000 Salary
- 15 Lakh Home Loan EMI
- Indian Bank Personal Loan of 1 lakh
- 70 Lakh Home Loan EMI
- RBL Bank Self Employed Personal loan
- IDFC Home Loan Eligibility Calculator
- Canara Bank Personal Loan for Lawyers
- IDFC Personal Loan for Senior Citizens
- IndusInd Bank Overdraft Loan
- HSBC Bank Flexi Loan
- Federal Bank Overdraft Loan
- HDFC Personal Loan of 20000
- Yes Bank Housewife Personal loan
- ICICI Bank Overdraft Loan
- PNB Personal Loan of 4 Lakh
- Federal Bank Personal Loan of 9 Lakh
- HDFC Personal Loan of 50000
- Personal Loan of 20 Lakh
- Indusind Bank Personal Loan of 30000
- Personal Loan for CIBIL Score 650
- Personal Loan for CIBIL Score 650
- PNB Personal Loan for Doctors
- Union Bank Flexi Loan
- SBI Overdraft Loan
- IDFC Salaried Employee Personal Loan
- Union Bank Personal Loan Transfer
- HDFC Bank Overdraft Loan
- Personal Loan for CIBIL Score of 700
- IDBI Bank Senior Citizens/Pensioners Personal loan
- IDFC Students Personal Loan
- 4 Crore Home Loan EMI
- 55 Lakh Home Loan EMI
- IDFC First Bank Overdraft Loan
- Axis Bank Overdraft Loan
- PNB short term personal loan
- Kotak Bank Overdraft Loan
- Axis Bank Personal Loan of 50000
- Yes Bank Overdraft Loan
- Canara Bank Overdraft Loan
- ICICI Bank Flexi Loan
- Bank of Maharashtra personal loan transfer
- SBI Flexi Loan
- Kotak Bank Flexi Loan
- Loans
- Bank of India Senior Citizens Personal Loan
- Yes Bank Flexi Loan
- ICICI Personal Loan of 8 Lakh
- HDFC Personal Loan of 25000
- Indian Bank Personal Loan of 5 lakh
- Federal Bank Personal Loan for Doctors
- IDBI Bank Government Employees Personal loan
- Canara Bank Flexi Loan
- 10 Lakh Home Loan EMI
- Indian Bank Personal Loan of 2 lakh
- 40 Lakh Home Loan EMI
- 2 crore Home Loan EMI
- ICICI Bank Short Term Loan
- SBI Short Term Loan
- Indian Bank overdraft loan
- IDFC First Bank Short Term Loan
- Axis Bank Short Term Loan
- Yes Bank Short Term Loan
- ICICI Personal Loan of 9 Lakh
- Kotak Bank Short Term Loan
- BOB Personal Loan for Lawyers
- SBI Small Personal Loan
- HDFC Bank Small Personal Loan
- Union Bank of India Personal Loan of 30000
- Federal Bank Personal Loan of 2 Lakh
- IDBI Bank Personal Loan of 2 Lakh
- IDFC Government Employees Personal Loan
- Indusind Bank Self Employed Personal loan
- IDFC First Bank Small Personal Loan
- Indusind Bank Government Employees Personal loan
- RBL Bank Personal Loan of 30000
- Bank of India Government Employees Personal Loan
- Axis Bank Small Personal Loan
- RBL Bank Flexi Loan
- Kotak Bank Small Personal Loan
- Bank of India Students Personal Loan
- IDFC Housewife Personal Loan
- IDFC Self Employed Personal Loan
- IDFC Personal Loan for Doctors
- Bank of Maharashtra Government Employees Personal Loan
- HSBC Bank Wedding Loan
- IDFC Personal Loan for Lawyers
- HSBC Bank Travel Loan
- Bank of India Self Employed Personal Loan
- PNB Bank Travel Loan
- Kotak Bank Salaried Employee Personal Loan
- BOB Bank Medical Loan
- BOB Bank Travel Loan
- Union Bank Travel Loan
- Kotak Mahindra Bank Personal Loan of 10 lakh
- PNB Personal Loan of 50000
- Home Loan for 20000 Salary
- SBI Bank Personal Loan Balance Transfer
- ICICI Bnak Personal Loan for Lawyers
- RBL Bank Personal Loan of 3 Lakh
- Indusind Bank Short Term Personal Loan
- Bank Of Baroda Overdraft Loan
- PNB Students Personal Loan
- IDBI Bank Personal Loan for Lawyers
- Yes Bank Small Personal Loan
- RBL Bank Wedding Loan
- IndusInd Bank Wedding Loan
- IndusInd Bank Travel Loan
- Bank of India Personal Loan for Doctors
- PNB Bank Wedding Loan
- ICICI Bank Small Personal Loan
- Union Bank Wedding Loan
- Bank of India Personal Loan for lawyers
- Indian Bank Travel Loan
- Bank of India Wedding Loan
- Bank of India Travel Loan
- Bank of Maharashtra Medical Loan
- PNB Senior Citizens/Pensioners Personal loan
- Bank Of Maharashtra Travel Loan
- Indian Bank Personal Loan of 6 lakh
- Karnataka Bank Medical Loan
- Punjab & Sind Bank Wedding Loan
- Karur Vysya Bank Medical Loan
- Bank of Maharashtra small loans
- Karur Vysya Bank Wedding Loan
- Federal Bank Wedding Loan
- IDBI Bank Personal Loan of 30000
- Bank of Maharashtra overdraft loan
- Axis Super Save Home Loan Scheme
- IDBI Bank Wedding Loan
- HDFC Personal Loan of 7 Lakh
- Kotak Mahindra Bank Personal Loan of 50000
- Bank of Maharashtra Senior Citizens Personal Loan
- ICICI Personal Loan for Senior Citizen
- 35 Lakh Home Loan EMI
- HDFC Personal Loan of 8 Lakh
- Bank of Maharashtra Personal Loan for Doctors
- BOB Personal Loan of 15,000
- IDBI Bank small loans
- 60 Lakh Home Loan EMI
- BOB Personal Loan of 20,000
- Karnataka Bank Government Employees Personal Loan
- BOB Personal Loan of 25000
- BOB Personal Loan of 30000
- BOB Personal Loan of 6 Lakh
- RBL Bank Housewife Personal loan
- BOB Personal Loan of 4 Lakh
- IDFC First Bank Personal Loan of 3 Lakh
- Indian Bank Students Personal loan
- Indian Bank Personal Loan of 7 lakh
- BOB Personal Loan of 5 Lakh
- ICICI Salaried Employee Personal Loan
- Kotak Bank Self Employed Personal Loan
- Kotak Mahindra Bank Personal Loan of 5000
- Axis Bank Personal Loan Balance Transfer
- Kotak Mahindra Bank Personal Loan of 10000
- Karur Vysya Bank overdraft loan
- IDBI Bank Personal Loan of 1 Lakh
- Kotak Mahindra Bank Personal Loan of 40000
- IDBI Bank Personal Loan for Doctors
- Kotak Mahindra Bank Personal Loan of 30000
- Kotak Mahindra Bank Personal Loan of 8 Lakh
- RBL Bank Small Loan
- Kotak Bank Personal Loan for Doctors
- Home Loan for 30000 Salary
- ICICI Government Employee Personal loan
- Home Loan for 50000 Salary
- Home Loan for 60000 Salary
- Yes Bank Small Personal Loan
- Kotak Mahindra Bank Personal Loan of 1 lakh
- Canara Bank Personal Loan of 5000
- Canara Bank Personal Loan of 10000
- PNB Personal Loan of 30000
- Indusind Bank Personal Loan Transfer
- Canara Bank Personal Loan of 15,000
- Canara Bank Personal Loan of 20,000
- Canara Bank Personal Loan of 25000
- HSBC Bank Short Term Personal Loan
- Canara Bank Personal Loan of 30000
- Canara Bank Personal Loan of 40000
- PNB Salaried Employee Personal loan
- Indusind Bank Small Loans
- Axis Bnak Personal Loan for Lawyers
- Federal Bank Short Term Personal Loan
- Punjab & Sind Bank Travel Loan
- Indusind Bank Flexi Loan
- Yes Bank Personal Loan of 40000
- Bank Of India short term personal loan
- Indian Bank Personal Loan for Lawyers
- Canara Bank Personal Loan of 50000
- Canara Bank Personal Loan of 1 Lakh
- Union Bank Short Term Personal Loan
- Union Bank overdraft loan
- Canara Bank Personal Loan of 2 Lakh
- Karur Vysya Bank small loans
- Canara Bank Personal Loan of 3 Lakh
- Indian Bank Personal Loan of 4 lakh
- RBL Bank Medical Loan
- Canara Bank Personal Loan of 4 Lakh
- HDFC Personal Loan of 30000
- Canara Bank Personal Loan of 5 Lakh
- DBI Bank Medical loan
- Federal Bank Salaried Employee Personal Loan
- Axis Personal Loan for Wedding
- HDFC Personal Loan for Wedding
- SBI Personal Loan for Medical
- IDBI Bank Travel Loan
- Yes Bank Personal Loan of 3 Lakh
- Yes Bank Personal Loan of 5 Lakh
- SBI Personal Loan for Wedding
- HDFC Personal Loan of 5000
- Karur Vysya Bank Travel Loan
- RBL Bank Overdraft Loan
- RBL Bank Students Personal loan
- HDFC Personal Loan of 40000
- IDBI Bank Self Employed Personal loan
- RBL Bank Personal Loan of 4 Lakh
- 45 Lakh Home Loan EMI
- Canara Bank Personal Loan of 8 Lakh
- Axis Bank Asha Home Loan Scheme
- Yes Bank Personal Loan of 9 Lakh
- Kotak Mahindra Bank Personal Loan of 2 Lakh
- Union Bank of India Personal Loan of 10 lakh
- PNB Personal Loan of 2 Lakh
- IDBI Bank Personal Loan of 5 Lakh
- IDBI Home Loan Eligibility Calculator
- SBI Home Loan Eligibility Calculator
- ICICI Home Loan Eligibility Calculator
- HDFC Home Loan Eligibility Calculator
- Navi Personal Loan Eligibility Calculator
- Axis Bank Personal Loan of 20000
- RBL Bank Short Term Personal Loan
- PNB Government Employees Personal loan
- Bank Of India overdraft loan
- BOB Government Employees Personal Loan
- Canara Bank Government Employees Personal Loan
- 5 Crore Home Loan EMI
- ICICI Personal Loan of 5 Lakh
- IDBI Bank Students Personal loan
- IDBI Bank Personal Loan of 4 Lakh
- Axis Bank Empower Home Loan Scheme
- HDFC Personal Loan for Medical
- 85 Lakh Home Loan EMI
- Indian Bank Personal Loan of 3 lakh
- PNB Personal Loan of 1 Lakh
- Kotak Bank Government Employees Personal Loan
- Axis Bank Personal Loan of 10 lakh
- Bank of India Salaried Employee Personal Loan
- PNB Personal Loan of 40000
- IDFC First Medical Loan
- ICICI Medical Loan
- Axis Bank Personal Loan For Medical
- Yes Bank Personal Loan for Wedding
- IDFC First Personal Loan for Wedding
- Kotak Medical Loan
- Yes Bank Medical Loan
- Indusind Bank Personal Loan of 3 Lakh
- Home Loan
- Personal Loan
- Loan Against Property
- Business Loan
- Federal Bank Personal Loan for Lawyers
Bank Wise Home Loan Eligibility Calculator
- SBI Home Loan Eligibility Calculator
- HDFC Home Loan Eligibility Calculator
- Axis Bank Home Loan Eligibility Calculator
- ICICI Home Loan Eligibility Calculator
- LIC Home Loan Eligibility Calculator
- PNB Home Loan Eligibility Calculator
- Canara Bank Home Loan Eligibility Calculator
- Bank of Baroda Home Loan Eligibility Calculator
- Bank of India Home Loan Eligibility Calculator
Frequently Asked Questions (FAQs)
How is the EMI amount calculated for a 3 crore Home Loan?
The loan amount, interest rate, and tenure are used to determine the 4 crore loan EMI.
What is the amortisation schedule for a 3 crore Home Loan EMI?
An amortisation schedule is a table detailing each periodic payment on a loan over time. It breaks down each payment into principal and interest components, showing the balance remaining after each payment.
Can I make prepayments towards my 3 Crore home loan to reduce the EMI burden?
Yes, making prepayments can significantly reduce your principal amount, thereby reducing the EMI and total interest payable. However, check if your lender charges any prepayment penalties.
How can I manage my finances to ensure I can comfortably pay my 3 Crore Home loan EMI?
To manage your finances, you should create a budget to manage expenses, build an emergency fund for unexpected financial needs, and invest in options yielding returns above your loan interest rate.
What is the rate of interest for a 3 Crore Home Loan?
The interest rate for a 3 Crore home loan varies between lenders and is influenced by the borrower’s credit score, income, loan tenure, and other factors. Rates generally range from around 6.5% to 9% per annum, but it’s essential to check current rates.
What should be the minimum salary to get a 3 Crore Home Loan?
The minimum salary requirement can vary widely between lenders and is based on the loan amount, tenure, interest rate, and the applicant’s debt-to-income ratio. A rough estimate might require a monthly income of at least ₹3 – 4 lakhs, but this can vary significantly based on the factors mentioned above.