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₹30 Lakh Home Loan EMI

Calculate your ₹30 Lakh home loan EMI for 10, 20, and 30 years. Get detailed repayment breakdowns, compare interest rates, and check eligibility.
Your Monthly Loan EMI
₹ 36,382
Total Interest
₹ 1,365,891
Principal Amount
₹ 30,00,000
Total Payable Amount
₹ 43,65,891
Loan Amount i
Interest Rate
- +
Min value reached
Max value reached
Tenure
Months drop-down-img
  • Years
- +
Min value reached
Max value reached
Check Eligibility

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

...

This platform also provides a clear view of the total interest payable and the overall repayment amount, enabling you to plan your finances and budget more efficiently.

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Home Loan EMI for ₹30 Lakhs

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.

EMIs for a Home Loan of ₹30 Lakhs at Varying Tenures

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.

Detailed Breakup of a Home Loan of ₹30 Lakhs for 10 Years

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.

Detailed Breakup of Home Loan of ₹30 Lakhs for 20 Years

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.

Detailed Breakup of Home Loan of ₹30 Lakhs for 30 Years

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.

Lenders Offering Home Loans of ₹30 Lakhs on Bajaj Markets

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.

Eligibility Criteria for a ₹30 Lakh home Loan

Check the basic eligibility criteria you need to meet to apply for a ₹30 Lakh home loan on Bajaj Markets

For Salaried Individuals:

  • 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

For Self-employed Individuals:

  • 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 

Documents Required for a ₹30 Lakh home Loan

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

How to Apply for a ₹30 Lakh Home Loan on Bajaj Markets

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

Fees and Charges for a ₹30 Lakh home Loan Available on Bajaj Markets

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.

Factors to Consider While Applying for a ₹30 Lakh Home Loan

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.

  • Check Your Credit Score

A good credit score of 750+ improves your loan approval chances and lowers interest rates. Check your report and fix errors before applying.

  • Assess Your Loan Eligibility

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.

  • Compare Interest Rates and Loan Offers

Interest rates, processing fees, and loan terms vary across lenders. Compare multiple offers to find the most affordable and flexible option.

  • Determine Your Budget and EMI Affordability

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.

  • Save for a Higher Down Payment

Most lenders finance 75-85% of the property’s value. A bigger down payment reduces your loan amount, EMI, and total interest cost.

  • Check the Loan Tenure

A short tenure means higher EMIs but lower total interest, while a long tenure lowers EMIs but increases total repayment.

  • Gather Necessary Documents

Keep documents like income proof, ID proof, and property papers ready. This helps speed up your loan approval process.

  • Understand Loan Terms and Conditions

Read your loan agreement carefully to check for hidden charges, prepayment rules, and foreclosure terms. Clear doubts before signing.

Other Home Loan EMI Options

FAQs on ₹30 Lakh Home Loan EMI

How much EMI will I have to pay for a home loan of ₹30 Lakhs with a repayment tenure of 10 years?

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.

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