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Home Loan Up to ₹ 1 Crore

Apply 1 Crore Home Loan Online

Last Updated 26th Sep 2021

  • You can avail home loan up to ₹ 1 Cr if you want to buy a constructed or an under construction property.
  • Check ₹ 1 Cr home loan eligibility using a home loan eligibility calculator.
Rates6.50% p.a Check Best Offers
Minimum Income
  • ₹ 25,000 for salaried employees
  • ₹ 40,000 for self-employed
Age18 years to 70 years
Processing Fees ChargesNIl to up to 0.5%
Apply for Home Loan @ 6.50%* Get upto ₹ 1,000* Cashback

Get Home Loan up to ₹ 1 Cr

Various Banks and NBFCs in India offer home loans up to ₹ 1 crore. The loan amount can be used for various purposes like buying a flat, land, constructed house or an under construction property. The interest rate for home loan of ₹ 1 crore starts at 6.50% p.a . The rate of interest varies for every borrower as it is dependent on your eligibility and loan requirements.

Eligibility Criteria for Home Loan of ₹ 1 Cr

To qualify for a Home Loan of ₹1 crore you need to meet the following criteria:
If salaried :

  • You should be an Indian resident.
  • You must be above the age of 18 years and under the age of 70 years.
  • Minimum 3 years of work experience.
  • You must be earning ₹ 25,000 per month.

If self-employed :

  • You should be an Indian resident.
  • You must be above the age of 18 years and under the age of 70 years.
  • Your business must be running for 5 years or more, with a steady income source.

Interest Rates for ₹1 Crore Home Loan

Home Loan interest rate varies from bank to bank and also the rate is different for borrowers. Current interest rates start at 6.50%

Bank NameInterest RatesProcessing Fee
Kotak Bank
6.50% Max ₹ 10,000
6.55%1.00% , Max ₹ 10,000
Axis Bank
6.66%0.20% , Min ₹ 10,000, Max ₹ 25,000
6.70%0.25% , Min ₹ 3,000, Max ₹ 5,000
Karur Vysya Bank
7.15%Min ₹ 5,000
Standard Chartered Bank
7.49%1.00% , Min ₹ 5,000, Max ₹ 10,000
RBL Bank
Yes Bank
8.95%1.00% , Max ₹ 15,000

EMI for a Home Loan of lower than ₹ 1 Crore with Different Tenors

The higher the amount you borrow, the higher your home loan EMI. For example, the EMI for a loan of ₹ 1 Crores would be much lower than a loan of ₹90 lakhs. Apart from that the EMI also varies based on the loan tenure, thus, ₹1cr home loan EMI will be different for different tenures. The below mentioned table provides home loans for various home loan amounts up to ₹ 1 crore for different tenures.

₹ 1 Crore Home Loan EMI For 5 years

Loan AmountEMI when Tenor is 10 years (in ₹)EMI when Tenor is 15 years (in ₹)EMI when Tenor is 20 years (in ₹)
₹ 50 Lakh₹ 56,774 ₹ 43,555₹ 37,279
₹ 80 Lakh₹ 90,838 ₹ 69,689₹ 59,646
₹ 90 Lakh₹ 1,02,193 ₹ 78,400₹ 67,102
₹ 1 Cr₹ 1,13,548 ₹ 87,111₹ 74,557

You can check what an EMI will cost you according to your loan using the Home Loan EMI calculator.

₹ 1 Crore Home Loan EMI with Different Tenure

Below mentioned tables below presents the EMI for an amount of ₹ 1 Crore for different tenures at the lowest home loan rate of 6.50%.

₹ 1 Crore Home Loan EMI For 5 years

Loan Amount₹ 1 Crore home loan emi for 5 years
₹ 1,00,00,000₹ 1,95,661

₹ 1 Crore Home Loan EMI For 10 years

Loan Amount₹ 1 Crore home loan emi for 10 years
₹ 1,00,00,000₹ 1,13,548

₹ 1 Crore Home Loan EMI For 15 years

Loan Amount₹ 1 Crore home loan emi for 15 years
₹ 1,00,00,000₹ 87,111

₹ 1 Crore Home Loan EMI For 20 years

Loan Amount₹ 1 Crore home loan emi for 20 years
₹ 1,00,00,000₹ 74,557

Documents Required to Get Home Loan Up to ₹ 1 Crore

You will be required to submit the following documents to avail home loan up to 1 crore:-

  • Duly filled and signed Application form
  • Passport-size photograph(s)
  • Identity proof - Aadhar card, Driving Licence, Voter ID, Passport, etc.
  • Residence proof - Aadhar card, Voter Id, etc.
  • Age proof- Birth certificate, class 10th marksheet
  • Last 6 months bank statements
  • Processing fee cheque
  • Form 16 / Income Tax Returns
  • Last 3 years CA Certified / Audited Balance Sheet and Profit & Loss Account (Businessman) and (self employed)
  • Business profile (Businessman)

Steps to Apply for Home Loan Up to ₹ 1 Crore

To avail a home loan up to ₹ 1 crore with MyLoanCare you need to perform the following steps:

  • Step 1: Visit the website of MyLoanCare or you can download the android app
  • Step 2: Fill the form by clicking Home Loan on the homepage of the website. You can also fill above form
  • Step 3: Enter necessary details like name, pin code, phone number, loan amount
  • Step 4: Click on ‘Get Quote’ and enter the OTP
  • Step 5: Click on ‘Submit’
  • Step 6: Offers will be displayed as per your eligibility
  • Step 7: Once you click on apply home loan MyLoanCare’s executive will contact you

You can also apply directly on the lender's website or visit the nearest bank branch.


Which bank is best for a Home Loan of up to ₹ 1 Cr?

Kotak Bank and Citibank are the best banks for home loans because they offer home loans at a lower interest rate of 6.50% and 6.50%, respectively. Also, you can select the lender on the basis of customer service. Based on customer service, is the best bank for ₹1 crore home loan, with a rating of NAN/5.

Can I get a ₹ 1 Cr home loan without collateral?

No, you can not avail ₹ 1 crore loan without collateral. To avail a home loan you need to pledge your home as security. In case you need a loan without collateral then you can opt for a personal loan.

What are the factors that affect EMI of ₹ 1 Cr Home Loan?

Home loan EMI on ₹ 1 crore depends on factors such as loan amount, loan tenure and interest rate. The larger the loan amount, the larger will be the EMI, however, if spilt over longer tenure, the EMI may significantly be lower.

What is the Interest Rates for a ₹ 50 Lakh SBI Home Loan?

The interest rate for 1 crore SBI home loan is 6.65% pa. However, the interest rate differs for every borrower as per the home loan eligibility. Also, female borrowers get a concessional rates.

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Home Loan News - Sep 2021
  • 2021-09-24 : ICICI Bank Revises Home Loan Interest Rate
    ICICI Bank has cut home loan interest to 6.70%. The lowest rate for salaried is 6.70% and self-employed is 6.80%. If a borrower has a low credit score then they will have to pay 7.40% of the principal amount.
  • 2021-09-24 : LIC Housing Finance Announces New Home Loan Rates
    LIC Housing Finance has slashed the home loan rate to 6.66% for loans up to Rs 2 crore. These rates will be offered to the borrowers who have a credit score above 700 and it is valid till November 30, 2021.
  • 2021-09-21 : HDFC Bank Introduce Festival Bonanza Offer
    HDFC Bank has come up with a festival bonanza offer which is valid till October 31, 2021. The lender has cut home loan interest rate to 6.70%, the special rate is linked to borrowers credit score.
  • 2021-09-20 : PNB Introduces Festival Bonanza Offer
    Punjab National Bank (PNB) has introduced a festival bonanza offer under which they reduced home loan interest to 6.80%. Also, the lender has waived off processing fees and documentation charges on all retail loans like home loans, personal loans, car loans, gold loans, property loans. These charges are valid till December 31, 2021.
  • 2021-09-17 : Bank of Baroda Slashes Home Loan Interest Rate
    Bank of Baroda (BOB) has introduced a festive offer #KhushiyonKaShreeGanesh. The lender has reduced the home loan interest rate to 6.75%. Along with a slashed interest rate the bank has also waived off processing fees.
*Terms and conditions apply. Credit at sole discretion of lender, which is subject to credit appraisal, eligibility check, rates, charges and terms. Information displayed is indicative and collected from public sources. Read More
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