30 Lakh Home Loan EMI

When applying for a 30 Lakh home loan, do thorough research to find the best loan options with competitive interest rates and use a home loan EMI calculator to estimate your monthly payments. Ensure the EMI fits within your budget and does not exceed 40% of your net salary. Once approved, you'll have the option to choose your loan tenure, which typically ranges from 20 to 30 years, and can be reduced in the future through prepayments. Make your home ownership dreams a reality by taking the first step towards an EMI for 30 Lakh Home Loan today.

If you are taking a home loan of Rs. 30 Lakhs, you must understand that it is a long-term financial commitment. Be prepared for convenient repayment in advance by knowing your EMI and planning your budget using the Rs. 30 Lakh loan EMI calculator. It will save you from missing payments and becoming a defaulter. The Rs. 30 Lakh Home Loan EMI may vary from one lender to another depending on the interest rate and the tenure of repayment. 

Following are the details of an Rs. 30 Lakh home loan EMI for 10, 20 and 30 years of tenure at a home loan interest rate of 8.50% p.a.:

Following is the table for Rs. 30 Lakh home loan EMI for different lenders for 10, 20 and 30 years tenures using the 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.

The Rs. 30 Lakh loan EMI for 10 years at an interest rate of 8.50% p.a. is Rs. 37,196. The EMI varies from one lender to another depending on the interest rate and other factors.

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 a 20-year tenure at 8.50% p.a. interest rate will be Rs. 26,035. The EMI for 20 years may vary at different lenders based on the interest rate and the borrower’s eligibility. 

Below is the table for EMIs for a Rs. 30 Lakhs home loan for a tenure of 20 years at different interest rates:

EMI for a home loan of Rs. 30 Lakhs for 30 years tenure and 8.50% p.a. interest rate will be 23,067. The EMI may change based on the interest rate, lender’s policy and borrower’s eligibility. You can use the online Home Loan EMI Calculator available for free on our website to calculate your home loan EMI instantly. 

Below is the table of different 30 Lakh Home Loan EMIs at different interest rates for 30 years tenure:

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

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.