EMI for a ₹30 lakh home loan at a glance
At 8.5% for 20 years, a ₹30 lakh home loan costs ₹26,035 a month. Over the full term you pay ₹62,48,327, of which ₹32,48,327 is interest. The table shows how the EMI moves with the rate and the tenure; the highlighted cell is the example above.
| Rate | 10 yrs | 15 yrs | 20 yrs | 25 yrs | 30 yrs |
|---|---|---|---|---|---|
| 7.5% | ₹35,611 | ₹27,810 | ₹24,168 | ₹22,170 | ₹20,976 |
| 8.0% | ₹36,398 | ₹28,670 | ₹25,093 | ₹23,154 | ₹22,013 |
| 8.5% | ₹37,196 | ₹29,542 | ₹26,035 | ₹24,157 | ₹23,067 |
| 9.0% | ₹38,003 | ₹30,428 | ₹26,992 | ₹25,176 | ₹24,139 |
| 9.5% | ₹38,819 | ₹31,327 | ₹27,964 | ₹26,211 | ₹25,226 |
| 10.0% | ₹39,645 | ₹32,238 | ₹28,951 | ₹27,261 | ₹26,327 |
What salary do you need for a ₹30 lakh loan?
Most banks keep all your EMIs under 40–50% of take-home pay. For a ₹26,035 EMI that means a monthly in-hand salary of roughly ₹65,087 at the 40% mark, or ₹52,069 if the bank allows 50% and you have no other loans. A co-applicant’s income counts too.
How to bring the EMI down
- Longer tenure: going from 20 to 25 years at 8.5% lowers the EMI to ₹24,157, but adds ₹9,98,716 of interest.
- Bigger down payment: every ₹1 lakh you do not borrow cuts about ₹868 from the EMI.
- Prepay early: interest is front-loaded, so a prepayment in the first five years saves the most. Use the “Prepayment” option above.
Need a different amount? Use the home loan EMI calculator.
Questions people ask
What is the EMI for a ₹30 lakh home loan for 20 years?
At 8.5% a year it is ₹26,035 a month. At 9% it is ₹26,992, and at 8% it is ₹25,093.
How much interest will I pay on a ₹30 lakh home loan?
About ₹32,48,327 over 20 years at 8.5%, if you never prepay. Over 30 years it rises to ₹53,04,266.