₹30 Lakh Home Loan EMI
By Sagar Kumar · Updated 23 October 2026
Change the rate or tenure below to see your exact EMI on a ₹30 lakh home loan, or scroll down for a ready table of EMIs at every common rate.
| Total interest | — |
| Total repayment | — |
| In-hand salary needed (approx.) | — |
₹30 Lakh Home Loan EMI table
Monthly EMI on ₹30 lakh at different interest rates and tenures. Home loan rates in India commonly fall around 8%–10% depending on the lender, your credit score and the loan amount. Check your bank's current rate before deciding.
| Rate | 10 yr | 15 yr | 20 yr | 25 yr | 30 yr |
|---|---|---|---|---|---|
| 7.5% | ₹35,611 | ₹27,810 | ₹24,168 | ₹22,170 | ₹20,976 |
| 8% | ₹36,398 | ₹28,670 | ₹25,093 | ₹23,154 | ₹22,013 |
| 8.5% | ₹37,196 | ₹29,542 | ₹26,035 | ₹24,157 | ₹23,067 |
| 9% | ₹38,003 | ₹30,428 | ₹26,992 | ₹25,176 | ₹24,139 |
| 9.5% | ₹38,819 | ₹31,327 | ₹27,964 | ₹26,211 | ₹25,226 |
| 10% | ₹39,645 | ₹32,238 | ₹28,951 | ₹27,261 | ₹26,327 |
Shorter vs longer tenure at 8.5%
| Tenure | EMI | Total interest | Total repayment |
|---|---|---|---|
| 10 years | ₹37,196 | ₹14,63,485 | ₹44,63,485 |
| 15 years | ₹29,542 | ₹23,17,594 | ₹53,17,594 |
| 20 years | ₹26,035 | ₹32,48,327 | ₹62,48,327 |
| 25 years | ₹24,157 | ₹42,47,044 | ₹72,47,044 |
| 30 years | ₹23,067 | ₹53,04,266 | ₹83,04,266 |
In the first year of the 20-year loan at 8.5%, about ₹2,52,709 of your EMIs goes towards interest and only ₹59,707 reduces the loan. That is why prepaying early saves the most.
Salary needed for a ₹30 lakh home loan
Banks generally prefer your total EMIs to stay within about 40%–50% of your monthly take-home pay. For an EMI of ₹26,035, you would typically need an in-hand salary of roughly ₹52,069 to ₹65,087 per month, if you have no other loans. Each lender has its own rules.
How prepayment cuts your interest
If you pay just one extra EMI (₹26,035) every year, a ₹30 lakh loan at 8.5% for 20 years closes in about 16 years 9 months instead of 20 years, and you save roughly ₹6,17,484 in interest. Most banks do not charge a prepayment penalty on floating-rate home loans taken by individuals — confirm with your lender.
Compare both options in our guide reduce EMI or tenure?
Before you apply
- Credit score: a score above 750 usually gets the lowest rates.
- Down payment: banks typically fund up to 75–90% of the property value depending on the loan size, so plan the rest.
- Tax benefit: under the old tax regime, interest up to ₹2 lakh a year on a self-occupied house (Section 24b) and principal under 80C can be claimed. Check the Income Tax Calculator.
- Floating vs fixed: most home loans are floating, so the EMI or tenure can change when rates move.
हिंदी में समझें
₹30 lakh के होम लोन पर 8.5% ब्याज और 20 साल के लिए EMI लगभग ₹26,035 महीना होगी। कुल ब्याज लगभग ₹32,48,327 बनेगा। अवधि बढ़ाने से EMI घटती है, लेकिन कुल ब्याज बढ़ जाता है।
Frequently asked questions
What is the EMI on a ₹30 lakh home loan?
At 8.5% for 20 years the EMI is about ₹26,035 per month. Total interest is about ₹32,48,327 and total repayment ₹62,48,327. Use the table above for other rates and tenures.
How much salary do I need for a ₹30 lakh home loan?
Lenders usually want all your EMIs to stay within roughly 40%–50% of your take-home pay. For an EMI of ₹26,035, that means a monthly in-hand salary of about ₹52,069 to ₹65,087, assuming no other loans.
What is the EMI for ₹30 lakh for 10 years?
At 8.5%, about ₹37,196 per month, with total interest of about ₹14,63,485.
Does a longer tenure reduce my total cost?
No. A longer tenure lowers the monthly EMI but you pay interest for more months, so the total interest goes up.
How is EMI calculated?
EMI = P × r × (1 + r)^n ÷ [(1 + r)^n − 1], where P is the loan amount, r is the monthly interest rate (yearly rate ÷ 12 ÷ 100) and n is the number of monthly instalments.