What is the EMI for 35 Lakhs Home Loan?

HDFC typically offers home loans at interest rates starting from around 7.90% p.a. If you are taking a Rs. 35 lakh loan for 30 years, then your 35 lakh home loan EMI will be roughly around Rs 25,438 per month. On average, you can expect a minimum monthly EMI of Rs 22,000 to Rs 26,000 with this loan. 

What will be the EMI for 35 Lakhs Home Loan?

As per HDFC’s schedule, for a Rs 35 lakh loan over 25 years, the EMI is Rs 26,782 per month. Over this tenure, total interest paid accumulates to around Rs 45.34 lakhs, and the total repayment amounts to Rs 80.34 lakhs.

Let’s explore other common tenures at a slightly higher, floating rate of around 8.75 % p.a:

1. 10‑year tenure: EMI is Rs 43,864 per month.

2. 20‑year tenure: EMI is Rs 30,930 per month.

These figures highlight the trade‑off between tenure and monthly repayment burden. A shorter tenure (10 yrs) dramatically increases the EMI, but reduces total interest paid. The EMI is calculated using the standard formula:

E = P×r×(1+r)^n/(1+r)^n–1,

where 

is the loan principal, 

monthly interest rate (annual rate ÷ 12 ÷ 100), and 

total months.

I would suggest you use an online EMI calculator to find out what is the EMI for 35 lakhs home loan.

Get Home Loan at Lowest Interest Rate and with Minimal Documentation via NoBroker Home Loan Service. 

Hi, I was planning to take a 35 lakh home loan for 20 years and wanted to gather all the details about the same. I called my cousin, who works in a bank, and asked him about the 35 lakh home loan EMI for 20 years. He told me about the basic formula that can be used to calculate EMI. 

What is the EMI for 35 Lakh Home Loan?

To calculate the EMI of a 35 lakhs home loan, he told me about a formula and asked me to assume that the rate of interest is 8.5%. 

EMI = [P * R * (1+R)^n] / [(1+R)^N-1]

He explained that here, P means the principal amount, R is the rate of interest and N is the loan tenure. 

So,

= [3500000 * 8.5 *(1+8.5)^20 ] / [ (1+8.5)^20-1]

=

. 

After that, he asked me to use the same formula to calculate the 35 lakhs EMI of different tenures. To make it information easier to understand, I have put all that in a table below. 

And that’s about it. I hope this information about 35 lakh home loan EMI for 20 years has been of help to you. 

Are you planning to buy a home and get a home loan of Rs. 35 lakh but unable to figure out what would be the 35 lakh home loan EMI? You can check out your EMI via the NoBroker EMI calculator. Principal or loan amount, interest rate, and tenure are the three main variables that will affect your EMI for 35 lakhs home loan. 

What is the EMI for 35 lakhs home loan?

With the aid of an example, let's now comprehend your monthly EMI for 35 lakhs home loan. Apart from the online EMI calculator, you should additionally, be able to manually calculate the 35 lakh rupee home loan EMI amount yourself. The formula for manually calculating it is:

EMI = {P x R x (1+R)^N} / {(1 + R)^N – 1}

In the formula mentioned above, 

• P represents the principal or loan amount

• R indicates the monthly interest rate divided by 100. 

• N denotes the monthly EMIs you will need to pay.

Here is how your Rs. 35 lakh home loan EMI for 10 years will be calculated manually:

Let us assume the rate of interest is 8.39% p.a. or 0.615% per month.

EMI = Rs. (3500000 * 0.00615 * ((1+ 0.00615)^120)) / (((1+ 0.00615)^120)-1)) 

= Rs. 41326

It is evident that the manual calculation is complicated and time-taking. Therefore, it is better if you use the NoBroker home loan EMI calculator to calculate your 35 lakh home loan EMI.

Read More: