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.

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.

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

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:

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:

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:

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:

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:

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:

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

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.

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.

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