₹30 Lakh Home Loan EMI

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. 

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:

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:

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:

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.

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

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 

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

When you take a home loan of ₹30 Lakhs, you will also need to pay additional charges. Here are the details:

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.

• 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.