65 Lakh Home Loan EMI & Interest Rate

Apna Ghar! A home that you own! It's not easy to reach there, but yes, with home loans, it's possible. Thus, if you are still looking for a home worth 60-65 lakhs, we are here to guide you! This page will give you all the information you need to purchase a 3BHK or a villa around the outskirts of any city! So, let's roll! 

Features of 65 lakh Home Loan

A 65 lakh home loan gives you funds to cover the amount associated with your home purchase. Here’s what you get:

• Flexible payment options for all income slabs.
• You can select fair interest rates by comparing different banks.
• Getting the loan is simple with current easy-to-apply online applications.
• Most banks come with a quick approval model to make everything better. 
• When you take a loan for a large amount, the tax also gets sidelines. 
• You can also get some insurance to cover unexpected stuff that can be attached to the loan.
• You can handle your loan and its payments easily through online management.

65 lakh Home Loan Eligibility Criteria

To be eligible for a 65 lakh home loan, you need to:

• Age range between 21 and 65 years.
• Show a monthly income of at least ₹15,000 – ₹20,000.
• Have a good credit score above 650.
• have stable employment with a minimum work experience of 2-3 years.
• Ensure all necessary legal documents, including proof of income, property details, and identification, are accurate and up to date.

Factors Affecting 65 lakh Home Loan EMI

When diving into a 65 lakh home loan, think about what affects your monthly payment:

• Put money down! Aim to save at least 20-30% of your need before taking it alone. This will shorten the need for a loan. 
• Your credit score is like a certificate of your trustworthiness to banks. A high score means you are more trustworthy with money, resulting in less interest! 
• Having a steady job helps. It can increase your credibility to get better rates and less expensive payments.

Documents Required for 65 lakh Home Loan

For your 65 lakh home loan, here are the must-have documents:

• Identity Proof: 
  • Aadhar Card
  • Passport or Voter ID.
• Address Proof: 
  • Utility bills
  • Rental Agreement
• Income Proof: 
  • Salary slips
  • Income Tax Returns 
  • Form 16.
  • Last 6 months statement
• Property Documents: 
  • Sale Deed
  • NOC from the builder
  • Property Tax Receipts.
• Employment Proof: 
  • For salaried – Employment Certificate
  • For self-employed – Business proof.

65 lakh Home Loan Processing Fees & Charges

Unfortunately, Interest is not the only thing you will get with your 65 lakh home loan. Here are some other charges and fees you should look for without signing any documents!

• Processing Fees 
• Prepayment Charges 
• Late Payment Charges 
• Legal and Technical Fees  
• Insurance Costs 

65 lakh Home Loan EMI for 5 Years

65 lakh Home Loan EMI for 10 Years

65 lakh Home Loan EMI for 15 Years

65 lakh Home Loan EMI for 20 Years

65 lakh Home Loan EMI for 25 Years

65 lakh Home Loan EMI for 30 Years

Seeking Professional Advice with Urban Money for 65 lakh

Scoring a 65 lakh home loan is easy with Urban Money! Our platform simplifies the entire process for you! We offer expert guidance and tailored solutions to all looking for loans, investments or any other financial advice.

You can rely on our expertise to navigate home loan applications. Give us a ring or connect with us via our digital platform for all your financial planning!

Important Key Points to Consider while Taking 65 lakh Home Loan

Here are some key elements to know for an easy and fast 65 lakh home loan agreement:

• How long it takes to pay back matters. Longer time means smaller payments but more interest overall, while shorter time means bigger payments but less interest.
• Lenders check what you earn and spend. More earnings and controlled spending make it easier to handle the monthly payment.
• Aim for a sweet deal! If the amount is low, your monthly payment will be low, too. High rates mean more money management.

Tips to Minimise Your 65 lakh Home Loan EMI

Living with a 65 lakh Home Loan can be tough. However, we have some tips to make it easy. 

• Before taking any loans, make sure you have enough to complete your downpayment. This will reduce your lending amount by 20%
• Choose a loan tenure that will fit well with your monthly EMIs.
• Maintain a healthy credit score to secure lower interest rates.
• Keep an emergency piggy fund to ensure stability and meet unexpected expenses without jeopardising EMIs.