What is the EMI for a ₹30 lakh home loan for 10 years?
The EMI on a ₹30 lakh home loan for 10 years is about ₹37,196 a month at 8.5% interest, ₹36,398 at 8% and ₹38,003 at 9%. At 8.5% you pay about ₹14,63,485 in interest and ₹44,63,485 in total over 120 months. FixDoks's calculator on this page shows the full schedule and lets you change the rate.
30 Lakh Home Loan EMI, 10 Years at a glance
| Loan | ₹30,00,000 for 10 years (120 EMIs) |
|---|---|
| EMI at 8% / 8.5% / 9% | ₹36,398 / ₹37,196 / ₹38,003 |
| Total interest at 8.5% | ₹14,63,485 |
| Processing | In your browser; your files are not uploaded |
| Price | Free |
| Works on | Chrome, Edge, Safari and Firefox on Windows, Mac, Android and iPhone |
How to use ₹30 Lakh Home Loan EMI for 10 Years
- The calculator is already set to ₹30 lakh for 10 years at 8.5%.
- Change the interest rate to the rate in your offer letter. The EMI and schedule update as you type.
- Add an extra monthly payment to see how much sooner the loan closes and how much interest you save.
- Open the amortisation schedule for every year or month, or download it as CSV.
A loan right at the top of the 90% band
RBI allows 90% financing only on home loans up to ₹30 lakh, and a ₹30 lakh loan sits exactly on that line. It matches a property of about ₹33,33,000 with about ₹3,33,000 from you. Any loan above ₹30 lakh and up to ₹75 lakh is limited to 80% of the property value, so a slightly bigger loan needs a much bigger down payment.
Salary that carries ₹37,196
Ten years is the toughest tenure for ₹30 lakh. With the EMI at half of take-home pay you need about ₹74,400 a month, and at 40% about ₹93,000. Few single earners meet that, which is why many applicants lengthen the term.
Year 1 against the ₹2 lakh cap
The first year has ₹2,47,367 of interest and ₹1,98,982 of principal. The interest is ₹47,367 above the ₹2 lakh Section 24(b) cap, so the claim on a self-occupied home stops at ₹2 lakh and only in the old tax regime. A person in the 30% slab saves ₹60,000 before cess from that claim.
A ₹1,50,000 part-payment
Paying an extra ₹1,50,000 at the end of year 3 at 8.5% saves about ₹1,15,525 of interest and shortens the loan by about 7 months. RBI does not allow prepayment charges on floating-rate home loans to individuals.
When the rate edges up
A move from 8.5% to 9% raises the EMI by ₹807 to ₹38,003, adding about ₹96,840 across 120 instalments.
Age for a 10-year loan
If the lender wants the loan closed by 60, the latest start is 50, and with a limit of 70 it is 60. Lenders differ, so treat these as guides.
Preparing for the heavy EMI
Ten years on ₹30 lakh is possible mainly for high earners or two-income homes. Keep six EMIs in reserve, and avoid new loans until the home loan is well under way.
Is 10 years too tight?
An EMI of ₹37,196 leaves limited room if expenses rise. Compare the 15-year plan on the calculator above and think about which plan you could keep through a year of lower income.
Sources: RBI circular on housing loan LTV ratios · RBI directions on pre-payment charges on loans · Income Tax Department FAQs on old and new tax regimes, checked October 2026.
₹30 lakh home loan EMI for 10 years at 8%, 8.5% and 9%
₹30,00,000 over 120 monthly instalments, reducing-balance method, EMIs rounded to the rupee.
| Interest rate | Monthly EMI | Total interest | Total payment | Interest as % of loan |
|---|---|---|---|---|
| 8% | ₹36,398 | ₹13,67,793 | ₹43,67,793 | 46% |
| 8.5% | ₹37,196 | ₹14,63,485 | ₹44,63,485 | 49% |
| 9% | ₹38,003 | ₹15,60,328 | ₹45,60,328 | 52% |
Going from 8% to 9% adds ₹1,92,534 of interest over 10 years on this loan.
Where your EMIs go: amortisation summary at 8.5%
In year 1 you pay ₹2,47,367 of interest and only ₹1,98,982 of principal. The balance falls below half of the loan only in year 7, because early EMIs are mostly interest. The live calculator above shows every month and year in full.
| After | Principal repaid so far | Interest paid so far | Balance still owed |
|---|---|---|---|
| Year 1 | ₹1,98,982 | ₹2,47,367 | ₹28,01,018 |
| Year 5 | ₹11,87,037 | ₹10,44,705 | ₹18,12,963 |
| Year 10 (end) | ₹30,00,000 | ₹14,63,485 | ₹0 |
Shorter or longer tenure?
- Over 15 years the EMI at 8.5% falls by ₹7,654 to ₹29,542, but total interest rises by ₹8,54,109 to ₹23,17,594.
Other ₹30 lakh home loan tenures
₹30 lakh for 15 years · ₹30 lakh for 20 years · ₹30 lakh for 25 years · ₹30 lakh for 30 years
Other loan amounts for 10 years
₹10 lakh for 10 years · ₹20 lakh for 10 years · ₹25 lakh for 10 years · ₹40 lakh for 10 years · ₹50 lakh for 10 years · ₹75 lakh for 10 years · ₹1 crore for 10 years
For any other amount, rate or tenure, use the EMI calculator.
Results are estimates for planning. Your employer, bank, fund or the tax department may round differently or apply other rules, so check the final figure with them.