₹30 Lakh Home Loan EMI (Oct 2026)
The EMI on a ₹30 Lakh home loan is ₹24,168/month at 7.5% for 20 years. You repay ₹58,00,271 in total, of which ₹28,00,271 is interest.
Monthly EMI₹24,168
Total interest₹28,00,271
Total payment₹58,00,271
Salary needed (approx.)₹48,336/mo
₹30 Lakh home loan EMI by rate and tenure
| Rate \ Tenure | 10 yr | 15 yr | 20 yr | 25 yr | 30 yr |
|---|---|---|---|---|---|
| 7.25% | ₹35,220 | ₹27,386 | ₹23,711 | ₹21,684 | ₹20,465 |
| 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 |
Home loan rates at major banks currently start around 7.2–7.5% p.a. for good credit scores and go up to about 9.5–10% for weaker profiles. Highlighted cell = 7.5% for 20 years.
Calculate with your own rate
Can you afford it?
Banks generally keep all your EMIs under about half of your take-home pay. For ₹24,168 a month that means a net salary of around ₹48,336. Check your exact limit with the loan eligibility calculator.
Year-wise repayment at 7.5% for 20 years
| Year | Principal | Interest | Balance |
|---|---|---|---|
| 1 | ₹67,296 | ₹2,22,718 | ₹29,32,704 |
| 2 | ₹72,520 | ₹2,17,494 | ₹28,60,184 |
| 3 | ₹78,150 | ₹2,11,864 | ₹27,82,035 |
| 4 | ₹84,217 | ₹2,05,797 | ₹26,97,818 |
| 5 | ₹90,755 | ₹1,99,259 | ₹26,07,063 |
| 6 | ₹97,800 | ₹1,92,213 | ₹25,09,263 |
| 7 | ₹1,05,393 | ₹1,84,621 | ₹24,03,870 |
| 8 | ₹1,13,575 | ₹1,76,439 | ₹22,90,295 |
| 9 | ₹1,22,392 | ₹1,67,622 | ₹21,67,903 |
| 10 | ₹1,31,893 | ₹1,58,120 | ₹20,36,010 |
| 11 | ₹1,42,133 | ₹1,47,881 | ₹18,93,877 |
| 12 | ₹1,53,167 | ₹1,36,847 | ₹17,40,710 |
| 13 | ₹1,65,058 | ₹1,24,956 | ₹15,75,653 |
| 14 | ₹1,77,871 | ₹1,12,142 | ₹13,97,781 |
| 15 | ₹1,91,680 | ₹98,334 | ₹12,06,101 |
| 16 | ₹2,06,561 | ₹83,453 | ₹9,99,541 |
| 17 | ₹2,22,596 | ₹67,417 | ₹7,76,944 |
| 18 | ₹2,39,877 | ₹50,136 | ₹5,37,067 |
| 19 | ₹2,58,500 | ₹31,514 | ₹2,78,567 |
| 20 | ₹2,78,567 | ₹11,446 | ₹0 |
Frequently asked questions
What is the EMI on a ₹30 Lakh home loan?
At 7.5% interest for 20 years, the EMI on a ₹30 Lakh home loan is ₹24,168 per month. Depending on the rate (7.25–9.5%) and tenure (10–30 years), it ranges from about ₹20,465 to ₹38,819.
How much total interest will I pay on ₹30 Lakh?
Over 20 years at 7.5%, total interest is ₹28,00,271 and total repayment is ₹58,00,271. A shorter tenure raises the EMI but cuts total interest sharply.
What salary do I need for a ₹30 Lakh home loan?
Most lenders cap total EMIs at about 50% of net monthly income. For an EMI of ₹24,168 you would need a take-home salary of roughly ₹48,336 a month. Existing EMIs reduce how much you can borrow.
How is the EMI calculated?
EMI = P × r × (1+r)^n ÷ ((1+r)^n − 1), where P is the loan amount, r is the monthly interest rate (annual rate ÷ 12 ÷ 100) and n is the number of monthly instalments. This is the reducing-balance method used by Indian banks.