EMI for a Home Loan of ₹30 Lakhs

Just like you carefully design your dream home, planning how to repay your home loan of ₹30 Lakhs is crucial. Knowing how your monthly payments are calculated helps you make smart financial decisions and stay on budget. This knowledge ensures you can manage your finances effectively and purchase your dream home easily.

Let’s consider that the interest rate for the loan is 9% p.a. Here is a quick breakdown of how the EMI and total repayment costs change over tenures ranging from 15 to 30 years:

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

While it is important to plan your repayments ahead of time, it is equally essential to check the eligibility criteria and documents required for a home loan. This can help you borrow the required amount effortlessly.