30 Lakh Home Loan EMI
If you're planning to take a ₹30 Lakh Home Loan for your dream home, it's essential to understand your EMI and interest rates for better financial planning. your estimated EMI at 8.35% would be ₹22,538 for a 30-year tenure and ₹25,562 for a 20-year tenure. Leading banks offer flexible loan tenures ranging from 5 to 30 years, allowing you to choose a repayment plan that suits your budget and ensures a smooth repayment journey.
30 Lakh Home Loan EMI & Interest Rate 2025
There are many banks, non-banking financial companies (NBFCs) and other financial institutions that offer Rs. 30 Lakh Home Loan at different interest rates. Following are the interest rates of top ten banks and NBFCs for a Home Loan of Rs. 30 lakh.
The EMI is Calculated for a Maximum tenure for different interest rates for Respective banks:
| Top Banks | Interest Rates | Max Tenure | EMI (in Rs.) |
|---|---|---|---|
| HDFC Bank Home Loan | 8.75% to 9.65% | 30 years | 23,494 |
| Kotak Mahindra Bank | 8.75% | 25 years | 24,461 |
| PNB Housing Finance | 8.40% - 10.10% | 30 years | 22,855 |
| Bajaj Finserv | 8.25% - 17.00% | 32 years | 22,225 |
| Federal Bank | 8.80% | 32 years | 23,416 |
| SBI Home Loan | 8.50% - 9.65% | 30 years | 22,538 |
| ICICI Bank Home Loan | 8.75% | 30 years | 23,601 |
| Aditya Birla Housing Finance | 8.60% | 30 years | 23,280 |
| Tata Capital Housing Finance | 8.75% | 30 years | 23,601 |
| Central Bank of India | 8.35% - 9.50% | 30 years | 22,749 |
Disclaimer: The interest rates are as of 25-02-2025.
Compare Best Home Loan Interest Rates starting @8.35% from multiple Banks and NBFCs.
Rs. 30 Lakhs Home Loan EMI for 5 years
Following is the table of Rs. 30 Lakh Home Loan EMI for various interest rates for 5 years tenure:
| Rs. 30 Lakh Home Loan EMI for 5 Years | |
|---|---|
| Loan Amount | Rs. 30,00,000.00 |
| Rate of Interest | 8.35% p.a. |
| Loan Tenure | 5 years |
| Loan EMI | Rs. 61,189 |
| Total Interest | Rs. 6,71,325 |
| Total Repayment | Rs. 36,71,325 |
Rs. 30 Lakhs Home Loan EMI for 10 years
Following is the table of Rs. 30 Lakh Home Loan EMI for various interest rates for 10 years tenure:
| Rs. 30 Lakh Home Loan EMI for 10 Years | |
|---|---|
| Loan Amount | Rs. 30,00,000.00 |
| Rate of Interest | 8.35% p.a. |
| Loan Tenure | 10 years |
| Loan EMI | Rs. 36,796 |
| Total Interest | Rs. 14,15,495 |
| Total Repayment | Rs. 44,15,495 |
Rs. 30 Lakhs Home Loan EMI for 20 years
Below is the table for EMIs for a Rs. 30 Lakhs home loan for a tenure of 20 years at different interest rates:
| Rs. 30 Lakh Home Loan EMI for 20 Years | |
|---|---|
| Loan Amount | Rs. 30,00,000 |
| Rate of Interest | 8.35% p.a. |
| Loan Tenure | 20 years |
| Loan EMI | Rs. 25,562 |
| Total Interest Payable | Rs. 31,34,873 |
| Total Repayment (Principal + Interest) | Rs. 61,34,873 |
Rs. 30 Lakhs Home Loan EMI for 30 years
Below is the table of different 30 Lakh Home Loan EMIs at different interest rates for 30 years tenure:
| Rs. 30 Lakh Home Loan EMI for 30 Years | |
|---|---|
| Loan Amount | Rs. 30,00,000 |
| Rate of Interest | 8.35% p.a. |
| Loan Tenure | 30 years |
| Loan EMI | Rs. 22,538 |
| Total Interest Payable | Rs. 51,13,679 |
| Total Repayment (Principal + Interest) | Rs. 81,13,679 |
30 Lakh Home Loan EMI Calculator
You can compute your Rs. 30 Lakh Home Loan EMI online with the Home Loan EMI Calculator tool. Here’s how you can use it:
- Open the home loan EMI calculator tool on our web portal.
- Enter Rs. 40 Lakhs as the required loan amount.
- Mention the rate of interest as applicable.
- Enter the required loan tenure.
You will get the EMI to be paid instantly along with the entire amortization schedule.
30 Lakh Home Loan Eligibility & Documents Required
Before you apply for a home loan of Rs. 30 Lakhs, the following eligibility criteria must be fulfilled:
Eligibility for Salaried
- Salaried applicants must be Indian residents.
- Salaried applicants must be between 18 and 65 years old.
- The applicants should have a work experience of at least 3 years.
- The monthly income of salaried applicants should be at least Rs. 25,000 or above.
Eligibility for Self-employed
- Self-employed applicants must be Indian residents.
- Self-employed must be between 18 and 70 years old.
- Self-employed applicants should have at least 3 years of business continuity.
- Self-employed applicants should be earning at least Rs. 2,60,000 annually.
You will require the following documents to apply for a Rs. 30 Lakhs home loan:
- Duly filled in & signed home loan application form along with a couple of recent passport-size photographs
- Identity proof & address proof: Aadhaar Card/ Driving License/ Passport/ Voter ID, etc.
- Age proof: Birth Certificate/ Class 10th Certificate, etc.
- Bank statements for the past 6 months
- Latest Form 16/ Income Tax Return
- Balance Sheet and Profit & Loss Statement of the last 3 years (CA certified) for self-employed applicants
- Business profile of self-employed applicants
- A processing fee cheque
How to Apply for a 30 Lakh Home Loan?
Once you find the most suitable Rs. 30 Lakhs home loan deal, follow the steps process mentioned below to apply for the loan:
- Visit our website and click the ‘Home Loan’ mentioned under the ‘Loans’ section.
- Fill out the online application form by entering all the details accurately.
- Enter the ‘OTP’ sent to your registered mobile number.
- Then click on the ‘Submit’ button to view the best home loan offer quotes on your screen based on the information you entered.
- Select the most preferred lender and apply online.
- Our home loan experts will reach out to you soon regarding the completion of your home loan process.
30 Lakh Home Loan EMI FAQs
The EMI for Rs. 30 lakh home loan will depend on the rate of interest and the tenure chosen. If the rate of interest is 8.35% and the tenure is 20 years, then the EMI will be Rs. 25,562.
Resident Indians aged between 18 to 70 years and earning a regular income are eligible for 30 lakh loan at SBI.
The minimum salary required for an Rs. 30 lakh home loan will range between Rs. 50000.
The SBI Home loan Interest Rates starts at 8.50% - 9.65%. Rs. 30 lakh home loan EMI for 10 years at 8.50% - 9.65% will be Rs. 36,796/-
The HDFC Home loan Interest Rate starts at 8.75% to 9.65%. Rs. 30 lakh home loan EMI for 20 years at 8.75% to 9.65% will be Rs. 26,416/-
EMI for 30 lakh home loan depends on various factors including the applicable interest rate, tenure offered, and borrower’s eligibility.
A credit score of 750 or above is preferred. A lower score may result in higher interest rates or loan rejection.
Yes, most banks allow prepayment or foreclosure, but some may charge a penalty. Prepaying reduces the principal and total interest.
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