What is the EMI for a ₹30 lakh home loan for 30 years?
The EMI on a ₹30 lakh home loan for 30 years is about ₹23,067 a month at 8.5% interest, ₹22,013 at 8% and ₹24,139 at 9%. At 8.5% you pay about ₹53,04,266 in interest and ₹83,04,266 in total over 360 months. FixDoks's calculator on this page shows the full schedule and lets you change the rate.
30 Lakh Home Loan EMI, 30 Years at a glance
| Loan | ₹30,00,000 for 30 years (360 EMIs) |
|---|---|
| EMI at 8% / 8.5% / 9% | ₹22,013 / ₹23,067 / ₹24,139 |
| Total interest at 8.5% | ₹53,04,266 |
| 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 30 Years
- The calculator is already set to ₹30 lakh for 30 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.
Last loan in the 90% band
A ₹30 lakh loan is the final step before the loan-to-value limit falls from 90% to 80%. It corresponds to a home worth about ₹33,33,000, with about ₹3,33,000 from you. Registration and stamp duty come on top.
Income check for ₹23,067
Over 30 years, the EMI is the lowest on this loan size. At half of take-home pay you need about ₹46,100 a month, and at 40% about ₹57,700. The lender also checks how long your job is likely to continue.
Year 1 tax view
The first year has ₹2,54,130 of interest and ₹22,679 of principal. Interest exceeds the ₹2 lakh Section 24(b) cap by ₹54,130, so the deduction is capped at ₹2 lakh for a self-occupied home, in the old regime only. A 30% taxpayer saves ₹60,000 before cess.
Using part-payments
An extra ₹1,50,000 at the end of year 3 at 8.5% saves about ₹10,72,054 of interest and finishes the loan about 52 months early, which is 4 years and 4 months. A floating-rate home loan to an individual carries no prepayment fee under the RBI rules.
Rate rise of half a percent
The EMI becomes ₹24,139 at 9%, which is ₹1,072 more each month and about ₹3,85,920 more in total over 360 months.
Age and long loans
A 30-year loan starts near 30 under a cut-off of 60, or near 40 under a cut-off of 70. Lenders often shorten the tenure for older borrowers.
Using the long tenure wisely
The 30-year option is best viewed as flexibility, not a target. Set a personal prepayment goal each year and track how the outstanding balance moves in the schedule above.
Choosing your own end date
Because the schedule above is only a base case, decide your own target end date, perhaps age 55, and work backwards. A fixed target tells you how much extra to add each year and keeps the long tenure from becoming the default.
Treat the long plan as flexibility
The EMI of ₹23,067 is the lowest for ₹30 lakh, and it gives you room to manage other costs. The savings come from using that room to prepay when income allows, not from the tenure alone.
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 30 years at 8%, 8.5% and 9%
₹30,00,000 over 360 monthly instalments, reducing-balance method, EMIs rounded to the rupee.
| Interest rate | Monthly EMI | Total interest | Total payment | Interest as % of loan |
|---|---|---|---|---|
| 8% | ₹22,013 | ₹49,24,657 | ₹79,24,657 | 164% |
| 8.5% | ₹23,067 | ₹53,04,266 | ₹83,04,266 | 177% |
| 9% | ₹24,139 | ₹56,89,924 | ₹86,89,924 | 190% |
Going from 8% to 9% adds ₹7,65,267 of interest over 30 years on this loan.
Where your EMIs go: amortisation summary at 8.5%
In year 1 you pay ₹2,54,130 of interest and only ₹22,679 of principal. The balance falls below half of the loan only in year 23, 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 | ₹22,679 | ₹2,54,130 | ₹29,77,321 |
| Year 5 | ₹1,35,292 | ₹12,48,752 | ₹28,64,708 |
| Year 10 | ₹3,41,924 | ₹24,26,165 | ₹26,58,076 |
| Year 30 (end) | ₹30,00,000 | ₹53,04,266 | ₹0 |
Shorter or longer tenure?
- Over 25 years the EMI at 8.5% rises by ₹1,089 to ₹24,157, but total interest falls by ₹10,57,222 to ₹42,47,044.
Other ₹30 lakh home loan tenures
₹30 lakh for 10 years · ₹30 lakh for 15 years · ₹30 lakh for 20 years · ₹30 lakh for 25 years
Other loan amounts for 30 years
₹10 lakh for 30 years · ₹20 lakh for 30 years · ₹25 lakh for 30 years · ₹40 lakh for 30 years · ₹50 lakh for 30 years · ₹75 lakh for 30 years · ₹1 crore for 30 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.