₹30 Lakh Home Loan EMI for 30 Years
The EMI for a ₹30 Lakh home loan over 30 years is about ₹23,280/month at 8.6% p.a. Over the full tenure you repay ₹83.81 L — of which ₹53.81 L is interest. Updated for 2026.
₹30 Lakh EMI at different interest rates (30 years)
Even a 0.5% rate difference changes your total interest by lakhs. This is why negotiating your rate — or transferring your balance — matters more than most borrowers realise.
| Interest Rate | Monthly EMI | Total Interest |
|---|---|---|
| 8% p.a. | ₹22,013 | ₹49.25 L |
| 8.25% p.a. | ₹22,538 | ₹51.14 L |
| 8.5% p.a. | ₹23,067 | ₹53.04 L |
| 8.75% p.a. | ₹23,601 | ₹54.96 L |
| 9% p.a. | ₹24,139 | ₹56.90 L |
| 9.25% p.a. | ₹24,680 | ₹58.85 L |
| 9.5% p.a. | ₹25,226 | ₹60.81 L |
| 10% p.a. | ₹26,327 | ₹64.78 L |
₹30 Lakh home loan EMI by bank (30 years)
EMI for a ₹30 Lakh loan over 30 years at each lender's minimum 2026 rate. Sorted lowest first.
| Bank | Min Rate | Monthly EMI | Processing Fee |
|---|---|---|---|
| BoI | 7.1% | ₹20,161 | Varies |
| Central Bank | 7.1% | ₹20,161 | Varies |
| IOB | 7.1% | ₹20,161 | Varies |
| P&S Bank | 7.1% | ₹20,161 | Varies |
| Canara | 7.15% | ₹20,262 | 0.50% (varies) |
| UCO | 7.15% | ₹20,262 | Varies |
| BoB | 7.2% | ₹20,364 | Up to 0.50% (varies) |
| Bajaj Housing | 7.25% | ₹20,465 | Up to 0.50% + GST |
| Union Bank | 7.35% | ₹20,669 | Varies |
| BoM | 7.35% | ₹20,669 | Varies |
Cut this loan short: the prepayment effect
On a ₹30 Lakh loan at 8.6% over 30 years, the first few years are almost entirely interest. Adding just ₹10,000/month toward the principal closes the loan in roughly 12 years 2 months and saves about ₹35.41 L in interest.
Run my prepayment plan →Compare top home loan offers →
₹30 Lakh EMI at other tenures
Other loan amounts for 30 years
Get the best rate on your ₹30 Lakh home loan
Our advisors help you negotiate a lower rate and structure prepayments. Zero cost.
Frequently Asked Questions
What is the EMI for a ₹30 Lakh home loan for 30 years?
The EMI for a ₹30 Lakh home loan over 30 years is approximately ₹23,280 per month at an interest rate of 8.6% p.a. The exact EMI depends on your bank's rate — at 8% it is ₹22,013 and at 9.5% it is ₹25,226 per month.
How much total interest will I pay on a ₹30 Lakh loan over 30 years?
At 8.6% p.a. you would pay roughly ₹53,80,800 in total interest over 30 years — making the total repayment about ₹83,80,800 against a borrowed amount of ₹30,00,000. A longer tenure lowers the EMI but sharply increases total interest.
Which bank offers the lowest EMI for a ₹30 Lakh home loan?
Based on current 2026 minimum rates, Bank of India offers the lowest EMI at about ₹20,161/month (7.1% p.a.) for a ₹30 Lakh loan over 30 years. Always compare the processing fee and reset terms, not just the headline rate.
How much can I save by prepaying this loan?
Adding just ₹10,000/month towards the principal on a ₹30 Lakh loan can close it in about 12 years 2 months instead of 30 years, saving roughly ₹35,40,758 in interest. Use the NestSaver prepayment simulator to model your exact numbers.
Should I choose a shorter or longer tenure?
A shorter tenure means a higher EMI but far less total interest; a longer tenure eases monthly cash flow but costs much more overall. For a ₹30 Lakh loan, moving from 30 to 20 years raises the EMI by about ₹2,945/month but can save ₹20,86,800 in interest.