Free · No signup · Works offline
EMI on a ₹30 Lakh Home Loan: Monthly Payment by Rate
A ₹30 Lakh Home Loan at 9% for 20 years costs about ₹26,992 a month. See the full table of rates and tenures.
₹30 Lakh
Rates shown are examples. Check your bank's current rate.
Monthly EMI
₹26,035
- Principal: ₹30,00,000
- Total interest: ₹32,48,327
- Total payment: ₹62,48,327
🛠️ Spotted a mistake or an out-of-date rule? Tell us
EMI on a ₹30 Lakh Home Loan by rate and tenure
On a ₹30 Lakh Home Loan at 9% for 20 years, the EMI is about ₹26,992 a month and the total interest ₹34,78,027. Over 15 years the EMI rises to ₹30,428, but you save ₹10,00,987 in interest.
| Rate | 10 yrs | 15 yrs | 20 yrs | 25 yrs | 30 yrs |
|---|---|---|---|---|---|
| 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 |
| 10% | ₹39,645 | ₹32,238 | ₹28,951 | ₹27,261 | ₹26,327 |
Monthly EMI on the reducing balance. Processing fees and insurance are not included.
Questions people ask
How is EMI calculated?+
EMI = P × r × (1+r)^n / ((1+r)^n − 1), where P is the loan amount, r the monthly interest rate (annual rate ÷ 12 ÷ 100) and n the number of months.
How can I reduce my EMI or total interest?+
A longer tenure lowers EMI but increases total interest. A lower rate, bigger down payment or part-prepayments reduce total interest the most.
Is this EMI calculator accurate?+
It uses the standard reducing-balance formula used by Indian banks. Your bank's final EMI may differ slightly due to fees, rounding or the date of disbursement.