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BAJAJ FINSERV DIRECT LIMITED

₹30 Lakh Home Loan EMI

Know about ₹30 Lakh home loan EMIs for different tenures. Use an easy-to-use EMI calculator to plan your repayment smoothly and manage your finances better.

Your Monthly Loan EMI

₹ 36,382

Total Interest

₹ 1,365,891

Principal Amount

₹ 30,00,000

Total Payable Amount

₹ 43,65,891

Loan Amount

Interest Rate

- +

Tenure

- +

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You can easily compare Home Loan offers from multiple lenders on Bajaj Markets.

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Buying a home represents a significant milestone, and a home loan provides the financial support required to make it possible. When planning to take a ₹30 Lakh home loan, it is important to understand the monthly EMI amount.

The EMI depends on several factors, including the loan amount, interest rate, and tenure selected.

For example:

Taking a home loan of ₹30 Lakhs at an interest rate of 7.99% p.a. for a tenure of 20 years results in a monthly EMI of approximately ₹25,075.

Throughout the loan tenure, the total interest payable amounts to around ₹30.17 Lakhs. This brings the total repayment to approximately ₹60.17 Lakhs, including both principal and interest.

₹30 Lakh Home Loan EMI for Different Tenures

The EMI for a ₹30 Lakh home loan depends on your chosen tenure. Refer to the table below to view EMI amounts for terms ranging from 5 to 30 years at an interest rate of 7.99% p.a.

Tenure	Loan Amount	Interest Rate	EMI Amount
5 years	₹30 Lakhs	7.99% p.a	₹60,815
10 Years	₹30 Lakhs	7.99% p.a	₹36,382
15 Years	₹30 Lakhs	7.99% p.a	₹28,652
20 Years	₹30 Lakhs	7.99% p.a	₹25,075
25 Years	₹30 Lakhs	7.99% p.a	₹23,135
30 Years	₹30 Lakhs	7.99% p.a	₹21,992

Disclaimer: The values mentioned are approximate and meant for illustration only. For precise EMI details, it is advisable to contact your lender directly.

₹30 Lakh Home Loan: EMI and Interest Payable for Various Tenures

A ₹30 Lakh home loan comes with different EMI amounts, and the total interest payable depends on your chosen tenure. Shorter tenures, like 5 or 10 years, have higher EMIs but lower overall interest costs.

However, longer tenures, like 20 or 30 years, reduce your monthly EMI but increase the total interest paid over time. Knowing these EMI differences helps you plan your budget and repayment strategy better.

₹30 Lakh Home Loan EMI for 5 Years

The total interest charges and total payable amount of a ₹30 Lakh home loan EMI for 5 years are given in this table:

Loan Amount	₹30 Lakhs
Interest Rate	7.99% p.a.
Loan Tenure	5 years
EMI Payable	₹60,815
Total Interest Payable	₹6,48,890
Total Payable Amount	₹36,48,890

Disclaimer: The values mentioned above are indicative. Check the actual payable EMIs with your lender before applying.

₹30 Lakh Home Loan EMI for 10 Years

Here is the breakdown of a ₹30 Lakh home loan EMI for 10 years:

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.

₹30 Lakh Home Loan EMI for 15 Years

Here are the EMI details, including the total payable amount, for a ₹30 Lakh home loan EMI for 15 years:

Loan Amount	₹30 Lakhs
Interest Rate	7.99% p.a.
Loan Tenure	15 years
EMI Payable	₹28,652
Total Interest Payable	₹21,57,404
Total Payable Amount	₹51,57,404

Disclaimer: The values mentioned above are indicative. Check the actual payable EMIs with your lender before applying.

₹30 Lakh Home Loan EMI for 20 Years

The total interest charges and total payable amount of a ₹30 Lakh home loan EMI for 20 years are given in the table:

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.

₹30 Lakh Home Loan EMI for 25 Years

Here is the breakdown of a ₹30 Lakh home loan EMI for 25 years:

Loan Amount	₹30 Lakhs
Interest Rate	7.99% p.a.
Loan Tenure	25 years
EMI Payable	₹23,135
Total Interest Payable	₹39,40,385
Total Payable Amount	₹69,40,385

Disclaimer: The values mentioned above are indicative. Check the actual payable EMIs with your lender before applying.

₹30 Lakh Home Loan EMI for 30 Years

Here are the details of the EMI and the total payable amount for a ₹30 Lakh home loan EMI for 30 years:

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.

How to Calculate Home Loan EMI for ₹30 Lakhs

You can calculate your Home Loan EMI using this simple formula:

EMI = [P × R × (1+R)^N] / [(1+R)^N – 1]

Where:

P = Loan amount
R = Monthly interest rate (Annual interest rate ÷ 12 ÷ 100)
N = Loan tenure in months

For example:

When you borrow ₹30 Lakhs on Bajaj Markets at an annual interest rate of 7.99% for 65 months, your EMI will be around ₹56,320. The total interest paid will be ₹7,17,117, resulting in a total repayment amount of ₹37,17,117.

Instead of performing manual calculations for monthly EMIs, use our house loan EMI calculator online to save time and quickly compare results for different values.

Interest Rates Offered by Different Lenders

On Bajaj Markets, you can easily compare top lenders offering competitive home loan interest rates. Below is a table showing the estimated EMI and total interest payable for a ₹30 Lakh home loan with a tenure of 18 years.

The figures are calculated as per the interest rate offered by each lender.

Lenders	Min. Interest Rate	Tenure	EMI	Total Interest Payable
Bajaj Housing Finance	7.49% p.a.	216 months	₹26,231	₹26,65,839
PNB Housing Finance	8.50% p.a.	216 months	₹27,164	₹28,67,364
South Indian Bank	8.50% p.a.	216 months	₹27,164	₹28,67,364
L&T Finance	8.60% p.a.	216 months	₹27,348	₹29,07,271
LIC Housing Finance	8.65% p.a.	216 months	₹27,441	₹29,27,273
Sammaan Capital	8.75%	216 months	₹27,627	₹29,67,370
Home First Finance Company	9.00% p.a.	216 months	₹28,093	₹30,68,163
Kotak Mahindra Bank	9.00% p.a.	216 months	₹28,093	₹30,68,163
ICICI Bank	9.00% p.a.	216 months	₹28,093	₹30,68,163
Shubham Housing Finance	9.90% p.a.	216 months	₹29,803	₹34,37,366
Truhome Finance	11.50%	216 months	₹32,949	₹41,16,953
India Shelter	13.00% p.a.	216 months	₹36,013	₹47,78,803
Easy Home Finance	10.50% p.a.	216 months	₹30,966	₹36,88,835

Disclaimer: The rates are subject to change at the lender’s discretion.

Home Loan EMI on Different Amounts

12 Lakh Home Loan EMI	10 Lakh Home Loan EMI	15 Lakh Home Loan EMI
20 Lakh Home Loan EMI	25 Lakh Home Loan EMI	45 Lakh Home Loan EMI
35 Lakh Home Loan EMI	40 Lakh Home Loan EMI	60 Lakh Home Loan EMI
50 Lakh Home Loan EMI	1 Crore Home Loan EMI	65 Lakh Home Loan EMI
75 Lakh Home Loan EMI	70 Lakh Home Loan EMI	80 Lakh Home Loan EMI
85 Lakhs Home Loan EMI	90 Lakhs Home Loan EMI	95 Lakhs Home Loan EMI

FAQs

What is the eligibility for a ₹30 Lakh Home Loan?

On Bajaj Markets, the eligibility criteria for a ₹30 Lakh home loan include:

Should be an Indian resident and citizen
Must be aged between 23-67 years for salaried or 23-70 years for self-employed
Salaried applicants need 3 years of work experience
Self-employed individuals require 5 years of business continuity

What documents are required for a ₹30 Lakh House Loan?

You’ll need to submit the following documents for a ₹30 Lakh home loan:

ID Proof: PAN card, Aadhaar, Voter ID, or Driving Licence
Address Proof: Utility bill, Aadhaar, or Passport
For Salaried: Last 3 salary slips, Form 16, 2 years’ ITR
For Self-employed: 2 years’ ITR, audited balance sheet, and business proof

What is the interest rate range for a ₹30 Lakh home loan in India?

The interest rate for a ₹30 Lakh home loan available on Bajaj Markets starts from 7.49% p.a. It can vary depending on your credit score, job type, lender, and chosen loan tenure.

What is the tenure range available for a ₹30 Lakh home loan?

On Bajaj Markets, the repayment tenure for a ₹30 Lakh home loan is up to 32 years. This allows you to pick the tenure that best suits your needs.

Can I get a ₹30 Lakh home loan with a low credit score?

You may be able to get a ₹30 Lakh home loan with a low credit score, but it could be difficult. Lenders might offer a higher interest rate for the loan or ask for additional security, such as a guarantor.

What happens if I miss an EMI payment on my ₹30 Lakh home loan?

If you miss an EMI payment on your ₹30 Lakh home loan, the lender may charge a late fee, and your credit score can drop. If you keep missing payments, it could lead to legal action or your loan being marked as a default.

Can I get a joint home loan for 30 Lakhs?

Yes, you can apply for a joint home loan for ₹30 Lakhs. Adding a spouse, parent, or family member as a co-applicant can increase loan eligibility and improve chances of approval at better rates.

What is the minimum salary required for a ₹30 Lakh home loan?

You typically need a minimum monthly income of around ₹50,000 to be eligible for a ₹30 Lakh home loan. Exact requirements may vary based on the lender and your city.

How to apply for a ₹30 Lakh home loan?

On Bajaj Markets, you can easily apply for a ₹30 Lakh home loan at competitive interest rates. Simply follow these steps:

Click on the ‘Check Offers’ button on this page
Provide your basic personal details on the online application form
Enter the loan amount and preferred repayment tenure
Submit the form for verification

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