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BAJAJ FINSERV DIRECT LIMITED

₹30 Lakh Loan Against Property

Explore ₹30 Lakh loan against property EMIs for various repayment tenures. Compare interest rates from top lenders and use an EMI calculator to plan your repayments with ease.

Your Monthly Loan EMI

₹ 38,819

Total Interest

₹ 1,658,312

Principal Amount

₹ 30,00,000

Total Payable Amount

₹ 46,58,312

Loan Amount

Interest Rate

- +

Tenure

- +

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You can easily compare Loan Against Property (LAP) offers from multiple lenders on Bajaj Markets.

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A ₹30 Lakh loan against property is a secured loan where you pledge your residential or commercial property as collateral. Knowing how the EMI changes with different tenures and interest rates helps you plan your repayments better and manage your finances wisely.

For example:
If you borrow ₹30 Lakhs at an interest rate of 8.99% p.a. for 9 years, your EMI will be approximately ₹40,613. Over the full tenure, you will pay around ₹13,86,185 in total interest, bringing the total repayment to approximately ₹43,86,185.

₹30 Lakh Loan Against Property EMI for Different Tenures

The EMI for a ₹30 Lakh loan against property depends on the repayment tenure you choose. The table below shows estimated EMIs for tenures ranging from 5 to 30 years, calculated at an interest rate of 8.99% p.a.

This helps you find a repayment plan that aligns with your monthly budget.

Tenure	Loan Amount	Interest Rate	EMI Amount
5 years	₹30 Lakhs	8.99% p.a.	₹62,261
10 Years	₹30 Lakhs	8.99% p.a.	₹37,986
15 Years	₹30 Lakhs	8.99% p.a.	₹30,410
20 Years	₹30 Lakhs	8.99% p.a.	₹26,972
25 Years	₹30 Lakhs	8.99% p.a.	₹25,155
30 Years	₹30 Lakhs	8.99% p.a.	₹24,117

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 Loan Against Property: EMI and Interest Payable for Various Tenures

The EMI, total interest payable, and the overall payable amount on a ₹30 Lakh loan against property depend on the chosen tenure. Shorter tenures mean higher EMIs but lower overall interest, while longer tenures lower your monthly payments but increase total interest.

This understanding helps you choose a repayment plan that aligns with your income and future plans-

₹30 Lakh Loan Against Property EMI for 5 Years

Check out the summary of the total interest and overall repayment amount for a ₹30 Lakh loan against property for a 5-year tenure:

Loan Amount	₹30 Lakhs
Interest Rate	8.99% p.a.
Loan Tenure	5 years
EMI Payable	₹62,260
Total Interest Payable	₹7,35,630
Total Payable Amount	₹37,35,630

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

₹30 Lakh Loan Against Property EMI for 10 Years

Here are the details of the total interest charges and total payable amount for a ₹30 Lakh loan against property EMI for 10 years:

Loan Amount	₹30 Lakhs
Interest Rate	8.99% p.a.
Loan Tenure	10 years
EMI Payable	₹37,986
Total Interest Payable	₹15,58,380
Total Payable Amount	₹45,58,380

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

₹30 Lakh Loan Against Property EMI for 15 Years

The given table provides the total interest charges and total payable amount for a ₹30 Lakh loan against property for 15 years:

Loan Amount	₹30 Lakhs
Interest Rate	8.99% p.a.
Loan Tenure	15 years
EMI Payable	₹30,410
Total Interest Payable	₹24,73,828
Total Payable Amount	₹54,73,828

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

₹30 Lakh Loan Against Property EMI for 20 Years

Here is the breakdown of a ₹30 Lakh loan against property EMI for 20 years:

Loan Amount	₹30 Lakhs
Interest Rate	8.99% p.a.
Loan Tenure	20 years
EMI Payable	₹26,972
Total Interest Payable	₹34,73,397
Total Payable Amount	₹64,73,397

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

₹30 Lakh Loan Against Property EMI for 25 Years

The following table provides the total interest charges and total payable amount for a ₹30 Lakh loan against property EMI for 25 years:

Loan Amount	₹30 Lakhs
Interest Rate	8.99% p.a.
Loan Tenure	25 years
EMI Payable	₹25,155
Total Interest Payable	₹45,46,605
Total Payable Amount	₹75,46,605

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

₹30 Lakh Loan Against Property EMI for 30 Years

The table below describes the total interest and overall repayment amount for a ₹30 Lakh loan against property for a 30-year tenure:

Loan Amount	₹30 Lakhs
Interest Rate	8.99% p.a.
Loan Tenure	30 years
EMI Payable	₹24,117
Total Interest Payable	₹56,82,154
Total Payable Amount	₹86,82,154

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

How to Calculate ₹30 Lakh Loan Against Property EMI

You can calculate your loan against property EMI using this 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:
If you take a ₹30 Lakh loan against property at an interest rate of 8.99% p.a. for 30 months, your EMI will be approximately ₹1,12,031. The total interest payable would be around ₹3,60,919, making the overall repayment approximately ₹33,60,919.

Alternatively, you can use a loan against property EMI calculator.

Interest Rates Offered by Different Lenders

On Bajaj Markets, you can easily compare interest rates and loan terms from top lenders. The table below presents the estimated EMI and total interest for a ₹30 Lakh loan against property with a 10-year tenure. The figures are calculated using each lender’s minimum interest rate.

Lender	Min. Interest Rate	Tenure	EMI	Total Interest Payable
Bajaj Housing Finance	8.99% p.a.	120 months	₹37,986	₹15,58,380
Jio FS	9% p.a.	120 months	₹38,003	₹15,60,328
PNB Housing Finance	9.25% p.a.	120 months	₹38,410	₹16,09,178
LIC Housing Finance	9.45% p.a.	120 months	₹38,737	₹16,48,463
L&T Finance	9.60% p.a.	120 months	₹38,984	₹16,78,045
Easy Home Finance	9.60% p.a.	120 months	₹38,984	₹16,78,045
Aditya Birla Finance	10.50% p.a.	120 months	₹40,480	₹18,57,660
ICICI Bank	10.60% p.a.	120 months	₹40,649	₹18,77,840
Home First	14% p.a.	120 months	₹46,580	₹25,89,592
Truehome Finance	14.75% p.a.	120 months	₹47,942	₹27,53,067
India Shelter	15% p.a.	120 months	₹48,400	₹28,08,058

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

Other Loan Against Property EMI Options

10 Lakh Loan Against Property	20 Lakh Loan Against Property
40 Lakh Loan Against Property	50 Lakh Loan Against Property
1 Crore Loan Against Property

FAQs

What will be the EMI for a ₹30 Lakh loan against property?

The EMI for a ₹30 Lakh loan against property varies based on the interest rate and tenure you choose. For example, at an interest rate of 8.99% p.a. for 10 years, your EMI would be approximately ₹37,986 per month.

What is the eligibility for a ₹30 Lakh loan against property?

To qualify for a ₹30 Lakh loan against property on Bajaj Markets, you need to meet these basic criteria:

Age must be between 21 and 70 years
Monthly income should be at least ₹30,000
Salaried individuals need at least 1 year of work experience
Self-employed individuals must have 2 years of stable business continuity

What documents are required for a ₹30 Lakh loan against property?

To secure a loan against property on Bajaj Markets, you will need to submit the following documents:

For Salaried:

Identity Proof: PAN card, Aadhaar card, voter ID, passport, or any other government-issued credential
Address Proof: Voter ID, Aadhaar card, passport, utility bill, ration card, or any other government-issued proof
Income Proof: Salary slips of the last 3 months, latest ITR, and Form 16
Property papers

For Self-Employed:

Identity Proof: Aadhaar card, voter ID, passport, or any other government-issued credential
Address Proof: Voter ID, Aadhaar card, passport, utility bill, or any other government-issued proof
Income Proof: Bank statements of the last 6 months, audited financials of the company, and ITR filed by the business
Property Documents

What is the interest rate range for a ₹30 Lakh loan against property?

The interest rate for a ₹30 Lakh loan against property starts from 8.99% p.a. The exact rate depends on the lender, your income, credit score, and chosen tenure.

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

The tenure for a ₹30 Lakh loan against property can go up to 20 years. The final term depends on the lender’s policies and your repayment capacity.

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

Yes, you can still apply with a low credit score. However, lenders may offer a lower loan amount, charge a higher interest rate, or ask for additional security.

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

Missing an EMI can lead to late payment fees and a drop in your credit score. Repeated defaults could result in legal action or the risk of losing the mortgaged property.

How much salary is required for a ₹30 Lakh loan against property?

Most lenders require a minimum monthly salary of around ₹30,000 for a ₹30 Lakh loan against property. Your credit score, income stability, and existing obligations also influence eligibility.

How to apply for a ₹30 Lakh loan against property?

You can easily apply for a ₹30 Lakh loan against property online on Bajaj Markets. Just follow these simple steps:

Visit the official Bajaj Markets Loan Against Property page and click on ‘Check Offer’
Fill in your personal, income, and property details
Choose your loan amount and preferred tenure
Upload the required documents and submit the application form

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