Calculate your ₹30 Lakh home loan EMI for 10, 20, and 30 years. Get detailed repayment breakdowns, compare interest rates, and check eligibility.
A ₹30 lakh home loan offers an easy way to buy your dream home with flexible repayment options. With interest rates starting from 7.99% p.a. and a maximum tenure of up to 32 years, you can choose an EMI plan that suits your budget.
Bajaj Markets offers home loans up to ₹15 Crores through 12+ lending partners. Calculate your loan EMIs, check tenure-wise breakups, and explore everything you need to know before applying.
One of the key factors that influences the amount payable is the repayment tenure. For example, if you opt for a longer tenure, the EMI amount will be reduced. However, extending the length of the tenure also increases the total interest payable.
Here is a table to highlight the EMI calculation for a ₹30 Lakh home loan interest rate of 7.99% p.a. across a few tenure options.
Tenure |
EMI Amount |
Interest Rate |
Total Interest Payable |
Total Repayment Cost |
₹30 Lakh home loan for 5 years (60 Months) |
₹60,815 |
7.99% p.a |
₹6,48,890 |
₹36,48,890 |
₹30 Lakh home loan for 10 Years (120 Months) |
₹36,382 |
7.99% p.a |
₹13,65,891 |
₹43,65,891 |
₹30 Lakh home loan for 15 Years (180 Months) |
₹28,652 |
7.99% p.a |
₹21,57,404 |
₹51,57,404 |
₹30 Lakh home loan for 20 Years (240 Months) |
₹25,075 |
7.99% p.a |
₹30,17,888 |
₹60,17,888 |
₹30 Lakh home loan for 25 Years (300 Months) |
₹23,135 |
7.99% p.a |
₹39,40,385 |
₹69,40,385 |
₹30 Lakh home loan for 30 Years (360 Months) |
₹21,992 |
7.99% p.a |
₹49,17,130 |
₹79,17,130 |
Disclaimer: The values mentioned are approximate and meant for illustration only. For
precise EMI details, it is advisable to contact your lender directly.
The total interest charges and total payable amount of a ₹30 Lakh home loan EMI for 10 years are given in the table:
Particulars |
Details |
Loan Amount |
₹30 Lakhs |
Interest Rate |
7.99% p.a. |
Loan Tenure |
10 years |
EMI Payable |
₹36,382 |
Total Interest Payable |
₹13,65,891 |
Total Payable Amount |
₹43,65,891 |
Disclaimer: The values mentioned above are indicative. Check the actual payable EMIs with your lender before applying.
Here is the breakdown of ₹30 Lakh home loan EMI for 20 years:
Particulars |
Details |
Loan Amount |
₹30 Lakhs |
Interest Rate |
7.99% p.a. |
Loan Tenure |
20 years |
EMI Payable |
₹25,075 |
Total Interest Payable |
₹30,17,888 |
Total Payable Amount |
₹60,17,888 |
Disclaimer: The values mentioned above are indicative. Check the actual payable EMIs with your lender before applying.
Here are the details of the payment of ₹30 Lakh home loan EMI for 30 years:
Particulars |
Details |
Loan Amount |
₹30 Lakhs |
Interest Rate |
7.99% p.a. |
Loan Tenure |
30 years |
EMI Payable |
₹21,992 |
Total Interest Payable |
₹49,17,130 |
Total Payable Amount |
₹79,17,130 |
Disclaimer: The values mentioned above are indicative. Check the actual payable EMIs with your lender before applying.
On Bajaj Markets, you can compare top lenders offering competitive interest rates, flexible tenure options, and easy EMIs to suit your needs.
Lenders |
Max. Loan Amount |
Min. Interest Rate |
Max. Tenure |
Processing Fee |
Bajaj Housing Finance |
₹15 Crores |
7.99% p.a. |
360 months |
0.5% of the loan amount |
PNB Housing Finance |
₹15 Crores |
8.50% p.a. |
360 months |
NIL |
L&T Finance |
₹7.5 Crores |
8.60% p.a. |
300 months |
NIL |
LIC Housing Finance |
₹15 Crores |
8.65% p.a. |
360 months |
NIL |
Sammaan Capital |
₹5 Crores |
8.75% p.a. |
360 months |
NIL |
Kotak Mahindra Bank |
₹50 Lakhs |
9.00% p.a. |
240 months |
NIL |
ICICI Bank |
₹5 Crores |
9.00% p.a. |
360 months |
₹2,999 |
Shubham Housing Finance |
₹50 Lakhs |
9.90% p.a. |
360 months |
1% to 3% of the loan amount |
Truhome Finance |
₹1 Crore |
11.50% p.a. |
300 months |
NIL |
Disclaimer: The rates are subject to change at the lender’s discretion.
Check the basic eligibility criteria you need to meet to apply for a ₹30 Lakh home loan on Bajaj Markets
You should be residing in India
Your age should be between 23 to 67 years
You should have a minimum work experience of 3 years
You should be residing in India
Your age should be between 23 to 70 years
Your business must have a vintage of at least 5 years
Keep these documents ready before you apply for a ₹30 Lakh home loan on Bajaj Markets:
ID Proof: PAN card, Aadhaar card, Voter ID, or Driving Licence
Address Proof: Utility bills, Aadhaar card, Passport
Income Proof for Salaried Individuals: Last 3 months’ salary slips, Form 16, and ITR copies for the past 2 years
Income Proof for Self-employed Individuals:
IT returns for the last 2 years
Audited balance sheet certified by a CA
Profit & Loss statement for the last 3 years
Qualification/degree certificates for professionals
Business licence details and TDS certificates
Here's how you can apply for an ₹30 lakh home loan on Bajaj Markets in a few easy steps:
Click on the ‘Check Offers’ button on this page
Fill in your basic personal details in the online form
Enter the desired loan amount and repayment tenure
Try out tools like the EMI Calculator and Eligibility Calculator to plan better
Submit the form for verification and wait for the best offers to be shown
When you take a home loan of ₹30 Lakhs, you will also need to pay additional charges. Here are the details:
Fees and Charges |
Details |
Processing Fees |
Up to 4% of the loan amount |
Foreclosure Charges |
Up to 2% of the amount |
Disclaimer: The above-mentioned details are subject to change at the lender’s discretion.
Before applying for a ₹30 Lakh home loan, consider factors like credit score, EMI, and loan terms. These will help you make a smart borrowing decision.
A good credit score of 750+ improves your loan approval chances and lowers interest rates. Check your report and fix errors before applying.
Lenders check your income, job stability, debts, and age to decide loan eligibility. Use an online home loan EMI calculator to estimate your borrowing limit.
Interest rates, processing fees, and loan terms vary across lenders. Compare multiple offers to find the most affordable and flexible option.
Ensure your home loan ₹30 Lakh home loan EMI doesn’t exceed 40% of your monthly income. Plan your EMI based on your expenses and savings goals.
Most lenders finance 75-85% of the property’s value. A bigger down payment reduces your loan amount, EMI, and total interest cost.
A short tenure means higher EMIs but lower total interest, while a long tenure lowers EMIs but increases total repayment.
Keep documents like income proof, ID proof, and property papers ready. This helps speed up your loan approval process.
Read your loan agreement carefully to check for hidden charges, prepayment rules, and foreclosure terms. Clear doubts before signing.
Assuming the interest rate for the home loan is 7.99% p.a., the ₹30 Lakh home loan EMI amount will be ₹36,382.
The ₹30 Lakh home loan EMI for over 20 years at 7.99% p.a. will be approximately ₹25,075 per month.
₹30 Lakh home loan EMI for 15 years will be ₹28,652 if the interest rate is 7.99% p.a.
You can get a maximum tenure of up to 32 years for a ₹30 lakh home loan on Bajaj Markets
If you meet the eligibility criteria for a home loan of ₹30 Lakhs set by the lender, you can get the required funds on Bajaj Markets. Use the home loan EMI calculator for ₹30 Lakhs to determine the affordability of a loan.
Yes. As per Section 24 of the Income Tax Act, 1861, you can get tax benefits of up to ₹2 Lakhs on interest payments. Furthermore, per u/s 80C, you can claim a tax deduction of up to ₹1.5 Lakhs.
If you are a first-time homebuyer, you can get an additional benefit of ₹50,000 u/s 80EE or 80EEA.
You can get a ₹30 Lakh home loan with a low credit score, though it is challenging. You need to improve your down payment, include a co-applicant or guarantor, and reduce existing debts to increase the chances of approval.