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EMI on a ₹30 lakh home loan

What is the EMI on a ₹30 lakh home loan?
₹26,035 / month

At 8.5% for 20 years. You’d repay ₹62,48,327 in total — ₹32.48 L of it interest.

Open in the EMI calculator

EMI by rate and tenure

Rate10 yrs15 yrs20 yrs25 yrs30 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
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₹
₹30 lakh
 %
 yrs
Monthly EMI
₹26,035
for 20 years · you’ll repay ₹62,48,327 in total

What the loan really costs

Interest
₹32.48 L
108% of loan
Principal
₹30,00,000
Total interest
₹32,48,327
Total paid
₹62,48,327
In year one, 81% of every EMI goes to interest. Principal only overtakes interest in year 13 — that’s why early prepayments save so much.

Year by year

0₹1 L₹2 L₹3 L₹4 L14710131620
PrincipalInterest

Full repayment schedule

20 years
YearPrincipalInterestBalance
1₹59,707₹2,52,709₹29,40,293
2₹64,984₹2,47,432₹28,75,309
3₹70,728₹2,41,688₹28,04,580
4₹76,980₹2,35,436₹27,27,600
5₹83,785₹2,28,632₹26,43,815
6₹91,190₹2,21,226₹25,52,625
7₹99,251₹2,13,166₹24,53,374
8₹1,08,024₹2,04,393₹23,45,351
9₹1,17,572₹1,94,844₹22,27,779
10₹1,27,964₹1,84,452₹20,99,815
11₹1,39,275₹1,73,141₹19,60,540
12₹1,51,586₹1,60,831₹18,08,954
13₹1,64,985₹1,47,432₹16,43,969
14₹1,79,568₹1,32,849₹14,64,402
15₹1,95,440₹1,16,977₹12,68,962
16₹2,12,715₹99,701₹10,56,247
17₹2,31,517₹80,899₹8,24,730
18₹2,51,981₹60,435₹5,72,749
19₹2,74,254₹38,163₹2,98,495
20₹2,98,495₹13,921₹0

Questions people ask

What is the EMI for a ₹30 lakh home loan for 30 years?
At 8.5%, about ₹23,067 a month. You’d pay ₹53.04 L in interest, compared with ₹32.48 L over 20 years.
What salary do I need for a ₹30 lakh home loan?
Banks usually let all your EMIs take up to about half your take-home pay. For a 20-year loan at 8.5% (EMI ₹26,035), that means a take-home salary of roughly ₹52,069 a month, with no other loans.
How much does a 0.5% lower rate save?
On ₹30 lakh over 20 years, 8% instead of 8.5% cuts the EMI by ₹941 a month and saves about ₹2.26 L in interest over the loan.
How much down payment do I need?
RBI lets banks lend up to 90% of a home’s value on loans up to ₹30 lakh, 80% on loans up to ₹75 lakh and 75% above that. So a ₹30 lakh loan needs a home worth at least ₹33.33 L or so, plus around 7% for stamp duty and registration.