₹30 Lakhs Home EMI as per tenure

At HDFC Bank, you may obtain Home Loans at attractive interest rates. Let's look at the ₹30 Lakhs housing loan EMI amounts for various loan tenures:

Loan Amount Interest Rate Repayment Tenure EMI Amount
₹30 Lakhs 8.75%* 5 Years ₹61,912
₹30 Lakhs 8.75%* 10 Years ₹37,598
₹30 Lakhs 8.75%* 15 Years ₹29,983
₹30 Lakhs 8.75%* 20 Years ₹26,511
₹30 Lakhs 8.75%* 25 Years ₹24,664


*T&C Apply

 

 

 

₹30 Lakhs Home Loan Eligibility & Documents Required

You must fulfil a few eligibility conditions and documentation requirements to qualify for a ₹30 Lakhs Home Loan at HDFC Bank. Here's an overview:

Criteria Salaried Applicants
Self-employed Applicants
Age Applicants should be between 18 and 60 years old Applicants should be between 18-65 years old
Income

Minimum Income of ₹20,000 per month for Delhi, Mumbai, Bangalore, Pune, and Chennai residents.

Minimum Income of ₹15,000 per month for the residents of other cities.

Minimum Income of ₹20,000 per month for residents of Delhi, Mumbai, Bangalore, Pune, and Chennai.

Minimum Income of ₹15,000 per month for the residents of other cities.

Work Experience/ Continuity
2 years of work experience and at least 6 months in the current organisation.
Minimum 3 years in business or profession with the number of successful years in the business or profession.

 

If you fulfil these home loan eligibility conditions, you must submit the following documents to apply for a ₹30 Lakhs Home Loan at HDFC Bank:

  • Identity proof, like Aadhar card, PAN card, driving licence, voter ID, passport, etc.
  • Address proof, like Aadhar card, voter ID, driving licence, passport, etc.
  • Age proof, like voter ID, passport, PAN card, Aadhar card, driving licence, etc.
  • Signature proof, like a passport or PAN card
  • Income proof

₹30 Lakhs Home Loan EMI for different tenures

What will be the EMI on ₹30 Lakhs Home Loan for 10 years

Choosing a tenure of 10 years may attract a bigger EMI for your Home Loan of ₹30 Lakhs. Using a ₹30 Lakhs loan EMI calculator, you will get the following results:

Loan Amount ₹30 Lakhs
Interest Rate
8.75%*
Loan Tenure
10 Years
₹30 Lakhs Home Loan EMI for 10 years
₹37,598
Total Interest Payable
₹15,11,763
Total Payable Amount
₹45,11,763


*T&C Apply


 

What will be the EMI on ₹30 Lakhs Home Loan for 20 years

Are you planning to borrow a ₹30 Lakhs Home Loan for 20 years, your repayment structure would be similar to this:

Loan Amount ₹30 Lakhs
Interest Rate
8.75%*
Loan Tenure
20 Years
₹30 Lakhs Home Loan EMI for 20 years
₹26,511
Total Interest Payable
₹33,62,717
Total Payable Amount
₹63,62,717


*T&C Apply


 

What will be the EMI on ₹30 Lakhs Home Loan for 25 years

25 years is the maximum Home Loan tenure you can choose at HDFC Bank. Do you want to calculate your ₹30 Lakhs Home Loan EMI for 25 years? EMI calculator will give the following results:

Loan Amount ₹30 Lakhs
Interest Rate
8.75%*
Loan Tenure
25 Years
₹30 Lakhs Home Loan EMI for 25 years
₹24,664
Total Interest Payable
₹43,99,293
Total Payable Amount
₹73,99,293


*T&C Apply

 

 

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Frequently Asked Questions

What will be the ₹30 lakhs home loan EMI for 25 years?

Given a loan amount of ₹30 lakhs, estimated interest rate of 8.75%*, and a tenure of 25 years, the approximate monthly EMI will be around ₹24,664. You can use online EMI calculators or spreadsheet software to easily compute the EMI.

What is the EMI for a ₹30 lakhs home loan for 20 years?

For a home loan of ₹30 lakhs, an interest rate of 8.75%*, and a tenure of 20 years, the approximate monthly EMI is ₹26,511.

What is the maximum repayment tenure I can go for in the case of a ₹30 Lakhs home loan?

You can apply for a Home Loan for a duration of up to 30 years subject to you and your co-applicant’s age and retirement age.

Can I get a Home Loan of ₹30 lakhs?

The approval of a Home Loan depends on various factors such as your income, credit score, repayment capacity, value/cost of the property being funded and the lending institution's policies. To determine your eligibility for a ₹30 lakhs Home Loan, you should contact the bank and understand their application process.

What will be the EMI for a ₹30 lakhs Home Loan?

To calculate the EMI (Equated Monthly Installment) for a ₹30 lakhs Home Loan, you need to consider the loan amount, interest rate, and tenure. Considering an interest rate of 8.75%* per annum, the EMI with a tenure of 30 years would be ₹23,601.

What is the ideal loan tenure for a ₹30 Lakhs home loan to have a manageable EMI

The ideal loan tenure for a ₹30 lakhs home loan depends on your ability to repay and preferences. Generally, longer tenures result in smaller EMIs, making it more manageable on a monthly basis. The Home Loan maximum tenure can extend up to 30 years, as well.

Can I get a ₹30 lakhs home loan with a low credit score?

The approval of a home loan, including a ₹30 lakhs home loan, with a low credit score depends on several factors, and each lender may have different criteria. A low credit score may result in higher interest rates, which can significantly impact the cost of the loan over its term.

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