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2 mins Read | 6 Months Ago

35 Lakh Home Loan EMI - Home Loan Up to 35 Lakh

40 Lakh Home Loan


Securing a Home Loan is a significant milestone on your path to homeownership in India. Understanding and managing the associated Equated Monthly Instalment (EMI) is essential for a smooth financial journey. In this comprehensive guide, we'll walk you through the process of calculating and managing your Rs 35 lakh Home Loan EMI. We'll also explore the valuable tool, the Home Loan Calculator, which simplifies the EMI calculation process, making it accessible and convenient for you.

Understanding your Rs 35 lakh Home Loan EMI 

Rs 35 lakh Home Loan EMI (Equated Monthly Instalment) is a fixed monthly payment that you make to your lender to repay a Home Loan of Rs 35 lakh. This EMI consists of two components: the principal amount and the interest charged by the lender.

Home Loan Calculator

Before diving deeper, let's explore the concept of a Home Loan Calculator, a valuable tool in the world of home finance.

Home Loan Calculator: This user-friendly tool simplifies the complex calculations involved in determining your Equated Monthly Instalment (EMI). It empowers you to accurately plan your finances, providing a clear and concise overview of your expected loan re-payment schedule, making the entire process of managing your Home Loan more efficient and accessible.

Calculating EMI for Rs 35 lakh Home Loan

Calculating your Equated Monthly Instalment (EMI) for a Rs 35 lakh Home Loan using an online Home Loan EMI calculator is a straightforward and essential step in your home-buying journey. This handy tool takes the complexity out of manual calculations, providing you with precise figures in seconds.

To calculate your EMI, follow these steps:

  • Access a Reliable EMI Calculator: Begin by locating a trusted online Home Loan EMI calculator on a reputable financial website or your lender's official portal. Ensure the calculator is up-to-date and user-friendly

  • Enter Loan Details: Input the necessary loan details, including the loan amount (in this case, Rs 35 lakh), the interest rate and the loan tenure, into the designated field

  • Choose Interest Type: Depending on your loan agreement, select either fixed or floating interest rates

  • Click Calculate: Once you've entered all the required information, click the ‘Calculate’ or ‘Compute EMI’ button

  • Instant Results: The EMI calculator swiftly processes your data and presents you with the monthly EMI amount, along with a detailed amortisation schedule.

By utilizing an online home loan EMI calculator, you gain immediate clarity on your monthly financial commitment, helping you plan your budget effectively. This powerful tool enables you to make informed decisions regarding your Home Loan, ensuring that it aligns with your financial capabilities and homeownership goals.

Managing your Rs 35 lakh Home Loan EMI

Now that you know your EMI amount, let's discuss how to manage your Home Loan effectively.

Budget Wisely:

Create a monthly budget that includes your EMI payments. Ensure that your income comfortably covers both your regular expenses and the EMI without straining your finances. This budgeting approach will help you stay on top of your financial responsibilities.

Emergency Fund:

Build an emergency fund to handle unexpected expenses or financial setbacks without compromising your EMI payments, ensuring financial stability and peace of mind for you and your family.


Consider making occasional pre-payments to reduce the principal loan amount, potentially saving on interest costs and shortening the loan tenure. Check with your lender for any pre-payment penalties and guidelines.


Opt for Home Loan Insurance to protect your family from the financial burden of repaying the loan in case of unforeseen events like your untimely demise, ensuring their financial security and well-being.

Review your Finances:

Regularly assess your financial situation. If your income increases or expenses decrease, consider increasing your EMI amount or making lump-sum payments to expedite the loan repayment process, potentially helping you become debt-free sooner.

Keep an eye on Interest Rates:

Stay vigilant and updated on interest rate fluctuations. If interest rates significantly drop, consider refinancing your Home Loan to secure lower EMIs and potentially save money over the loan tenure, providing more room in your budget for other financial goals.

Factors Affecting Home Loan EMI

Several factors influence your Home Loan EMI and it's essential to understand them for effective financial planning. These factors include:

Interest Rate

The rate at which you borrow the loan affects your EMI significantly. A lower interest rate results in lower EMIs and overall savings.

Loan Tenure

The duration of your loan impacts your EMI. Longer tenures lead to lower EMIs but higher overall interest payments.

Down Payment

A higher down payment reduces the loan amount, resulting in lower EMIs and reduced interest expenses. 

Credit Score

A good credit score can help you secure a lower interest rate, potentially reducing your EMI burden and overall loan cost.

Securing a home loan and managing its EMI is a significant financial commitment. However, with a clear understanding of the process, the right tools like the Home Loan Calculator and effective financial management, you can navigate this journey successfully. Responsible financial planning is the key to ensuring that your Home Loan remains a manageable milestone on your path to homeownership, granting you the comfort and security of your own home.

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