Compare 15 Lakh home loan emi for 5, 10, 15, 20, 25, 30 years of tenure, how much monthly emi you need to pay. Compare Interest Rates of top banks – SBI, HDFC Ltd, ICICI, LIC Housing, DHFL, Indiabulls, PNB Housing, Axis Bank, Citibank, Bank of Baroda online. Check Processing Fees, Documents, Prepayment Charges, Disbursal time, Loan amount, Tenure etc.

Compare Top Banks for 15 Lakh Home Loan

Bank Name Interest Rates Processing Fee Prepayment Charges
 SBI Home Loan 8.75% – 9.15% Nill till 31-Dec-2018 NIL
HDFC Home Loan 8.80 – 9.55% Up to 0.50% of the loan amount or ₹ 3,000 whichever is higher, plus applicable taxes. NIL
ICICI Home Loan 9.10 – 9.30% Processing fee applicable is 0.5% of loan amount plus applicable service tax. N.A
LIC Home Loan 8.55 – 9.00% Up to 1 crore – 5000 + Service Tax
1 crore & above – 10000 + Service Tax
NIL
Axis Home Loan 8.60 – 8.95% Up to 1% of the Loan amount subject to minimum of Rs.10,000/- NIL
PNB Housing 8.99 – 9.20% 0.50% Or 10,000 + GST , whichever is higher. NIL
DHFL Housing 8.70% on wards 5000 to 20,000 (SENP -1.5%) plus GST as applicable NIL
PNB Home Loan 8.65 – 8.95% For Rs.300 lac- 0.50% of loan amount Maximum Rs.20000/- For above – Rs.50000/- NIL
Bank of Baroda 8.55 – 8.65% 100% waiver of processing charges upto 31.03.2018 N.A
Corporation Bank 8.50 – 8.95% No Processing Charges NIL
Indiabulls 8.70 – 10.05 0.50% to 1.00% NIL
Union Bank 8.65 – 8.70% N.A N.A
United Bank 8.60% on wards Upto 0.59% of loan amount + GST NIL
Citibank Home Loan 8.85% – 9.35%  Nil Nil
Kotak Bank Home Loan 8.70% Upto 1.25% of Loan amount 4% of Principal Outstanding
Tata Capital Home Loan 8.70% – 9.15% N.A No Pre-payment

15 Lakh Home Loan EMI Calculator

Loan Amount Interest Rates Tenure Monthly EMI
1500000 8.70% 5 Years 30920
1500000 8.70% 10 Years 18759
1500000 8.70% 15 Years 14947
1500000 8.70% 20 Years 13208
1500000 8.70% 25 Years 12281
1500000 8.70% 30 Years 11747

Documents Required for 15 Lakh Home Loan

  1. Application form with photograph duly signed
  2. Identity, residence and age proof (such as – PAN Card, Passport, Electricity Bill, Telephone Bill etc)
  3. Last 6-12 months bank statements
  4. Last 3-6 months Salary-slips
  5. Processing fee cheque
  6. Form 16 / Income Tax Returns
  7. Proof of business existence
  8. Education qualification certificate and proof of business existence (For Self Employed Professional & Self Employed Non Professional)
  9. Last 3 years Income Tax Returns with computation of Income (For Self Employed Professional & Self Employed Non Professional)
  10. Last 3 years CA Certified / Audited Balance Sheet and Profit & Loss Account (For Self Employed Professional & Self Employed Non Professional)

Eligibility Criteria for 15 Lakh Home Loan

  1. Minimum 18 years Maximum 70 years (depending on type of employment | bank to bank | lender to lender)
  2. Average EMIs offered up to 50% of net income
  3. Salaried, Self Employed Business, Self Employed Professional
  4. Minimum 1 year at current residence
  5. Minimum one year of job stability & minimum two years of prior employment
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15 Lakh Home Loan EMI – Apply Online

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