Rs. 30 lakh home loan EMI

With this home loan from Bajaj Finserv, you can purchase an apartment, renovate an existing house, or construct a home to suit your needs. The sanction of up to Rs. 30 lakh is easy to access as you only have to meet minimal criteria and submit basic documentation. Thanks to the e-home loan feature, you can apply online and satisfy all requisites without stepping out.

A Rs. 30 lakh home loan can help you buy, build, or renovate your dream home. Understanding the 30 lakhs home loan EMI is crucial for effective financial planning. The EMI varies based on tenure and interest rates. Planning to purchase your dream home? Check your eligibility for a Bajaj Housing Finance Home Loan today. You may already be eligible, find out by entering your mobile number and OTP.

Here’s an estimated EMI breakdown for different loan tenures at an 8.25% interest rate:

Loan amount

Interest rate

Tenure

EMI

Total interest payable

Total payable amount

Rs. 30 lakh

8.25%

10 years

Rs. 36,573

Rs. 13.88 lakh

Rs. 43.88 lakh

Rs. 30 lakh

8.25%

20 years

Rs. 25,506

Rs. 31.21 lakh

Rs. 61.21 lakh

Rs. 30 lakh

8.25%

30 years

Rs. 22,374

Rs. 50.55 lakh

Rs. 80.55 lakh


Use a home loan EMI calculator to get an exact estimate based on your preferred tenure.

Rs. 30 lakh home loan required documents

Here are the documents required for home loan application with Bajaj Finserv:

  • KYC documents (identity and address proof)
  • Proof of income (salary slips or P&L statement)
  • Proof of business (for self-employed applicants), and
  • Account statements for the last 6 months

Note: This is an indicative list that may change based on your actual loan application.

Ready to start your home buying journey? Check your home loan offers from Bajaj Finserv now. You may already be eligible, find out by entering your mobile number and OTP.

Rs. 30 lakh home loan EMI with varying tenures

Another online feature with this loan is the handy home loan EMI calculator. It plays a crucial role in helping you plan the loan and offers great insight about your potential EMIs. Use it before and during your home loan application.

Here are a few tables to help you get a better idea of the EMIs applicable on different loan terms.

Loan amount

Interest rate*

Tenure

Monthly EMI

Rs. 30 lakh

8.50%*

30 years

Rs. 23,067

Rs. 30 lakh

8.50%*

25 years

Rs. 24,157

Rs. 30 lakh

8.50%*

20 years

Rs. 26,035

Rs. 30 lakh

8.50%*

15 years

Rs. 29,542

Rs. 30 lakh

8.50%*

10 years

Rs. 37,196

Rs. 30 lakh

8.50%*

5 years

Rs. 61550


Note:
This table has values that are subject to change**

Looking at different loan tenure options? Check your personalised Bajaj Housing Finance Home Loan eligibility to find the perfect plan for your budget. You may already be eligible, check your loan offer now by entering your mobile number and OTP.

What will be the EMI on Rs. 30 lakh home loan for 25 years

The table below illustrates the results you get when using our home loan EMI calculator for a Rs. 30 lakh home loan with an interest rate of 8.25%* p.a. for a tenure of 25 years:

Loan amount

Rs. 30,00,000

rate of Interest

8.25% p.a.

EMI

Rs. 23,654

Total Interest

Rs. 40,96,051

Total Amount Payable

Rs. 70,96,051

What will be the EMI on Rs. 30 lakh home loan for 20 years

The table below illustrates the results you get when using our home loan EMI calculator for a Rs. 30 lakh home loan with an interest rate of 8.60%* p.a. for a tenure of 20 years:

Loan amount

Rs. 30 lakh

Interest rate

8.60%* p.a.

Tenor

20 years

EMI

Rs. 26,225



What will be the EMI on Rs. 30 lakh home loan for 15 years

The table below illustrates the results you get when using our home loan EMI calculator for a Rs. 30 lakh home loan with an interest rate of 8.60%* p.a. for a tenure of 15 years:

Loan amount

Rs. 30 lakh

Interest rate

8.60%* p.a.

Tenor

15 years

EMI

Rs. 29,718



What will be the EMI on Rs. 30 lakh home loan for 10 years

The table below illustrates the results you get when using our home loan EMI calculator for a Rs. 30 lakh home loan with an interest rate of 8.60%* p.a. for a tenure of 10 years:

Loan amount

Rs. 30 lakh

Interest rate

8.60%* p.a.

Tenor

10 years

EMI

Rs. 37,356



Want to secure the best interest rates for your home loan? Check your eligibility for a Bajaj Housing Finance Home Loan with competitive rates starting at 8.25% p.a. You may already be eligible, find out by entering your mobile number and OTP

Home Loan EMI based on amount

20 Lakh Home Loan EMI
75 Lakh Home Loan EMI 70 Lakh Home Loan EMI
50 Lakh Home Loan EMI
45 Lakh Home Loan EMI 10 Lakh Home Loan EMI
35 Lakh Home Loan EMI
40 Lakh Home Loan EMI 25 Lakh Home Loan EMI
15 Lakh Home Loan EMI 12 Lakh Home Loan EMI 1 Crore Home Loan EMI

How to apply for Rs. 30 lakh home loan

Step-by-step guide to applying for a home loan:

  1. 1 Click on the 'APPLY' button on this page.
  2. 2 Enter your full name, mobile number, and employment type.
  3. 3 Now select the type of loan you wish to apply for.
  4. 4 Generate and submit your OTP to verify your phone number.
  5. 5 Upon OTP verification, enter additional details like your monthly income, required loan amount, and if you have identified the property.
  6. 6 In the next steps, enter your date of birth, PAN number and other details as requested depending on your selected occupation type.
  7. 7 Click on the ‘SUBMIT’ button.

That is it! Your application is submitted. Our representative will connect with you and guide you through the next steps.

Eligibility criteria for Rs. 30 lakh home loan

Here is a list of the requirements to meet in order to qualify for the sanction.

  • Nationality

    Nationality

    Indian

  • Age

    Age

    23 years to 67 years for salaried individuals, 23 years to 70 years for self-employed individuals

  • Employment status

    Employment status

    At least 3 years years of experience for salaried individuals; at least 5 years years of business continuity for self-employed individuals

  • CIBIL score

    CIBIL score

    725 or higher

*Please note that the list of eligibility terms mentioned above is indicative. Terms and conditions apply.

Home loan up to Rs. 30 lakh: Interest rate and fees

This Bajaj Finserv Home Loan has a competitive interest rate and nominal charges.
Read the complete list of fees and charges applicable on our home loan to take an informed decision.

*Conditions apply

Frequently asked questions

How much salary is required for a Rs. 30 lakh home loan?

A monthly salary of around Rs. 65,000 - Rs. 75,000 is usually required to get a Rs. 30 lakh home loan, depending on the lender’s eligibility criteria and debt-to-income ratio.

What is the EMI for a Rs. 35 lakh home loan for 20 years?

For a Rs. 35 lakh home loan at an 8.5% interest rate and a 20-year tenure, the EMI would be around Rs. 30,373.

Who is eligible for a Rs. 30 lakh home loan?

Eligibility for a Rs. 30 lakh home loan depends on factors like credit score, stable income, age, employment type, and existing financial obligations.

Is a home loan of Rs. 30 lakh eligible for tax exemption?

Yes, a Rs. 30 lakh home loan is eligible for tax exemption under Sections 80C and 24(b) of the Income Tax Act, 1961, on principal repayment and interest payment.

How to calculate a Rs. 30 lakh loan through an EMI calculator?

Use an online EMI calculator, enter the loan amount (Rs. 30 lakh), interest rate (8.5%), and tenure to get the monthly EMI, total interest, and repayment schedule.

Can I easily get a home loan of Rs. 30 lakh?

Yes, you can get a Rs. 30 lakh home loan if you meet the lender’s eligibility criteria, including a good credit score, stable income, and proper documentation.

How to plan for a Rs. 30 lakh home loan EMI prepayment?

To plan for Rs. 30 lakh home loan EMI prepayment, calculate your monthly surplus and decide on a feasible prepayment amount. You can make partial prepayments or increase your EMI. Prepaying regularly reduces interest payments and shortens the loan tenure, making it more affordable in the long run.

How does the repo rate affect EMI for my Rs. 30 lakh home loan?

The repo rate directly influences your home loan EMI if you have a floating interest rate. When the repo rate increases, your lender may raise the interest rate, leading to higher EMIs. Conversely, a decrease in the repo rate can lower your EMI, reducing your loan burden.

What will be the Rs. 30 lakh home loan EMI for 25 years?

The EMI for a Rs. 30 lakhs home loan over 25 years at 8.25% p.a. interest is approximately Rs. 24,000 per month, calculated using Bajaj Finserv's EMI calculator.

What is the EMI for a Rs. 30 lakh home loan for 20 years?

For a Rs. 30 lakhs home loan over 20 years at 8.25% p.a., the EMI is roughly Rs. 25,850 per month with Bajaj Finserv.

What is the maximum repayment tenure I can go for in the case of a Rs. 30 lakh home loan?

Bajaj Finserv offers a maximum home loan tenure of up to 32 years, which can be availed for a Rs. 30 lakhs loan as well. Ready to take advantage of flexible repayment options? Check your Bajaj Housing Finance Home Loan eligibility now. You may already be eligible, find out by entering your mobile number and OTP.

Can I get a Home Loan of Rs. 30 lakh?

Yes, you can get a home loan of Rs. 30 lakhs from Bajaj Finserv, subject to eligibility criteria like income and credit score.

What will be the EMI for a Rs. 30 lakh home loan?

The EMI for a Rs. 30 lakhs home loan depends on tenure and interest rate; for example, at 8.25% p.a. and 20 years tenure, it is about Rs. 25,850 per month. Want to calculate your exact EMI based on your preferred tenure? Check your loan offers from Bajaj Finserv today. You may already be eligible, find out by entering your mobile number and OTP.

What is the ideal loan tenure for a Rs. 30 lakh home loan to have a manageable EMI?

An ideal loan tenure for a Rs. 30 lakhs home loan to maintain manageable EMI is typically 20-25 years balancing affordability and interest cost.

Can I get a Rs. 30 lakh home loan with a low credit score?

You may get a Rs. 30 lakhs home loan with a low credit score, but approval and interest rates depend on the lender’s policies and your overall profile.

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