Rs.90 Lakh Home Loan EMI Guide for Buyers

Rs.90 Lakh Home Loan EMI – A Complete Guide for Homebuyers

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Rs.90 Lakh Home Loan EMI Guide

5 min 08 Sep 2025

Highlights:

Understanding the Basics – EMI for a Rs.90 Lakh Home Loan
How Are EMIs Calculated?
EMIs for Various Tenures for a Home Loan of Rs.90 Lakh
Eligibility Criteria for a Home Loan of Rs.90 Lakh
How Your Credit Score Affects Loan and EMI?

Stepping into homeownership is a thrilling journey, especially when your dream home aligns perfectly with your needs. But before you commit, it's wise to understand how your monthly EMIs will shape your finances. Whether you use an EMI calculator to estimate the monthly EMI for a Rs.90 Lakh Home Loan or review the repayment schedule, clarity up front helps you decide better.

Understanding the Basics – EMI for a Rs.90 Lakh Home Loan

Your EMI (Equated Monthly Instalment) is made up of two parts — the principal amount and the interest. While the principal is the amount you borrow, the interest is the cost of borrowing, determined by the applicable Home Loan interest rate.

The interest rate, loan tenure, and repayment schedule shape your monthly outflow. Even a small difference in any of these can have a noticeable impact on your EMI. That’s why tools like a Home Loan EMI Calculator can be useful when you plan to apply for a Home Loan of Rs.90 Lakh.

How Are EMIs Calculated?

Your equated monthly instalment (EMI) is based on three key elements — the loan amount, the interest rate, and the repayment tenure.

The formula to calculate EMIs is:

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

Where,

‘P’ is the principal or loan amount

‘R’ is the monthly Home Loan interest rate

‘N’ is the number of EMIs (the tenure in months)

An easier way to calculate your EMIs is by accessing the Home Loan EMI Calculator. Here’s how you can estimate your EMI instantly:

Go to our Home Loan EMI Calculator.
Enter the loan amount you require.
Enter the tenure.
Enter the rate of interest offered.

The calculator will display the approximate EMI amount instantly.

EMIs for Various Tenures for a Home Loan of Rs.90 Lakh

To help you understand this better, let’s consider a loan of Rs.90 Lakh at an interest rate of 7.45%* p.a. Here’s how the monthly repayment could look for different tenures:

Loan amount	Tenure	Interest (p.a.)	EMI
Rs.90 Lakh	32 years	7.45%*	Rs.60,970
Rs.90 Lakh	25 years	7.45%*	Rs.65,634
Rs.90 Lakh	15 years	7.45%*	Rs.82,666
Rs.90 Lakh	10 years	7.45%*	Rs.1,06,128

Note that the values in the table are indicative.

Eligibility Criteria for a Home Loan of Rs.90 Lakh

Planning to apply for a Home Loan of Rs.90 Lakh with Bajaj Housing Finance? Here’s the eligibility criteria that you need to qualify for:

Salaried Individuals	Self-Employed Individuals
Must be an Indian citizen (NRIs are also eligible)	Must be an Indian resident
Age should be between 23 and 67 years**	Age should be between 23 and 70 years**
Should have a stable salaried income from a public or private company, or an MNC, with at least 3 years of work experience	Should have a minimum of 3 years of continuous operation in the current business

**The upper age limit is considered as age at the time of loan maturity. Additionally, the upper age limit for applicants is subject to change, depending on the property profile.

How Your Credit Score Affects Loan and EMI?

Your CIBIL score for a Home Loan doesn’t just impact whether your application is approved, but also influences the interest rate offered. Higher scores typically mean lower interest rates, which in turn means lower EMIs.

FAQs – Rs.90 Lakh Home Loan EMI

To calculate your EMIs for a Rs.90 Lakh Home Loan, you can use our Home Loan EMI Calculator. All you need to do is enter the loan amount you require, tenure, and interest rate.

To apply for a Home Loan of Rs.90 Lakh with Bajaj Housing Finance, you need to meet the following eligibility criteria:

For Salaried Individuals

Must be an Indian citizen, including NRIs.
Should be between 23 and 67 years**of age.
Must have a minimum of 3 years of salaried work experience.

For Self-Employed Individuals

Must be an Indian resident.
Should be between 23 and 70 years** of age.
Must have at least 3 years of continuous business operations in the current enterprise.

**The upper age limit is considered as age at the time of loan maturity. Additionally, the upper age limit for applicants is subject to change, depending on the property profile.

With a higher score, you can qualify for lower interest rates, which directly reduces your EMI and total interest cost.

A loan repayment schedule, also known as an amortisation schedule, outlines each EMI over the loan term, showing how much goes towards interest and how much towards principal in each instalment.

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