Home Loan EMI Calculator
Fast Forward Banner

30 Lakh Home Loan

Empower your Future with a Home loan from Axis Bank

Buy your dream abode with a Rs 30 lakh Home Loan

Axis Bank’s dynamic Rs 30 Lakh Home Loan is designed to streamline the homeownership journey for discerning individuals. Leverage our intuitive online platform for pre-qualification, application submission, and personalised loan quote generation. Our unwavering commitment to efficiency and transparency ensures a stress-free experience.

Read on to know more about EMI calculation for a 30 lakh Axis Bank home loan.

30 Lakh Home Loan EMI for 10 Years

Monthly EMI for a 30 lakh home loan for 10 years is calculated below with the following details.

Loan Amount (₹)30,00,000
Tenure (years)10
Interest Rate (p.a.) 8.75% - 9.15%

Note: Considering 8.75% interest in the below scenarios.

30 Lakh Home Loan EMI for 10 Years

A 30 lakh home loan EMI will be:

Equated Monthly Instalments (EMI in ₹)37,598
Principal Amount (₹)30,00,000
Interest Amount (₹) 15,11,763
Total Amount Payable (₹) 45,11,763

30 Lakh Home Loan EMI for 15 Years

A 30 lakh home loan for 15 years will have the below costing:

Equated Monthly Instalments (EMI in ₹)29,983
Principal Amount (₹)30,00,000
Interest Amount (₹) 23,97,023
Total Amount Payable (₹)53,97,023

30 Lakh Home Loan EMI for 20 Years

Breakup for EMI for 30 lakh home loan for 20 years will be:

Equated Monthly Instalments (EMI in ₹)26,511
Principal Amount (₹)30,00,000
Interest Amount (₹) 33,62,717
Total Amount Payable (₹)63,62,717

30 Lakh Home Loan EMI for 25 Years

25-year home loan of 30 lakhs will have EMI:

Equated Monthly Instalments (EMI in ₹)24,664
Principal Amount (₹)30,00,000
Interest Amount (₹) 43,99,293
Total Amount Payable (₹)73,99,293

Likewise, if you wish to calculate 30 lakh home loan EMI for 30 years, you can use Axis Bank Home Loan EMI Calculator.


Get your Rs 30 lakh home loan application started online with Axis Bank. Here's the step-by-step guide:

  • Check your eligibility before diving in. Use the Home Loan Eligibility Calculator to see if you can comfortably manage the monthly payments
  • Head to the Axis Bank Home Loan website and click "Apply Now"
  • Fill in your details and hit Submit. Specify if you're an existing customer or new one, and provide your name, phone number, email, city, and state
  • An Axis Bank rep will contact you to discuss the loan options
  • Gather all the required documents
  • Once approved, submit your property documents for verification
  • Get approved in as little as 15 days, as long as you have all the documents needed

 

  • Applicants in permanent government positions or employed by reputable private companies must be at least 21 years old when applying, with a maturity age of 65 years or at the time of superannuation.
  • Professionals and self-employed individuals falling within the income-tax bracket can apply for a Rs 30 lakh Home Loan, with an age limit of 21 years at the time of application and 65 years at loan maturity.
  • The bank also take into account factors such as annual income, number of dependents, employment status, existing assets, ongoing loan repayments, and credit score. These factors will help the bank ascertain that the EMI for the Home Loan of Rs 30 lakh remains affordable for you, and the combined EMIs of all loans do not exceed 40% of your take-home pay.

 

 

  • For Home Loans a non-refundable processing fee of roughly 0.1% of the principal amount is charged. GST as applicable will be charged.

 



Documents required for ₹30 Lakh Home Loan

  • Mandatory Documents- Application Form and PAN Card
  • Any one of the following for Identity Proof - Passport, Aadhaar Card, Driving License, Voter ID
  • Any one of the following for Proof of Address- Aadhdaar Card, Gas Bill, Driving License, Voter Id, Electricity Bill, Telephone Bill (Landline) Property Tax Receipt, Job Card by NREGA duly signed by an officer of the State Government, Letter issued by National Population Register confirming details of Name, Address, Photograph
  • Any one of the following for Date of Birth proof - Passport, PAN Card, Aadhaar Card with DOB, Driving License, Birth Certificate, SSC Marksheet
  • Any one of the following for Signature Proof - Passport, PAN Card, Banker’s verification, Notarized affidavit with ID and Address proof (not applicable for financial applicant)


Additional Documents for Salaried Individuals for Rs 30 lakh Home Loan
Any one of the following for proof of income

  • 3 months pay slip
  • 6 months pay slip showing all deduction for variable income
  • 6 months bank statement showing salary credits
  • years Form 16 (or employment continuity proof)

For NRI salaried

  • 3 months pay slip
  • Appointment letter/contract letter
  • Continuous Discharge Certificate for Shipping cases
  • 6 month Domestic NRE/NRO A/C statement
  • 6 months international Salary A/C statement
  • Overseas credit report
  • Valid visa copy/OCI card
  • Passport copy
  • POA details

Additional Documents for Self-employed Individuals for Rs 30 lakh Home Loan

  • 2 years ITR, Computation of Income, P&L, Balance sheet with CA seal and sign
  • For Asha Home Loan - 1 year ITR, Computation of Income, P&L, Balance sheet with CA seal and sign
  • Tax Audit Report (required for individuals whose sales turnover exceed the norms stipulated by the Income Tax Act)
  • 6 months bank statements of personal and business accounts
  • If ITR is filed without digital sign - CPC and tax paid challan
  • Three years business continuity proof

Factors that affect interest rate applicable on a Rs 30 lakh Home Loan

  • RBI’s repo rates –Since Home Loan rates are linked to the RBI’s repo rates, any change in the RBI’s rates will impact the Home Loan interest rate
  • Type of loan chosen – Whether it is a Floating Rate Home Loan or a Fixed Rate Home Loan will impact the interest rate. The interest rate on a Fixed Rate Home Loan is higher than a Floating Rate Home Loan
  • Your job profile and credit score also impact the interest rate. A borrower with a stable job and high credit score may get a Home Loan of Rs 30 lakh at a better rate of interest



Frequently Asked Questions:

A credit score surpassing 750 is deemed advantageous and enhances the likelihood of loan approval.

No, documentation is imperative, encompassing KYC, income verification, and property along with stamp duty documents for the house you intend to acquire.

Ideally, your income should be 3-4 times the loan amount to ensure the manageability of the Rs 30 lakh Home Loan EMI without imposing undue financial stress.

Buy your dream abode with a Rs 30 lakh Home Loan

Axis Bank’s dynamic Rs 30 Lakh Home Loan is designed to streamline the homeownership journey for discerning individuals. Leverage our intuitive online platform for pre-qualification, application submission, and personalised loan quote generation. Our unwavering commitment to efficiency and transparency ensures a stress-free experience.

Read on to know more about EMI calculation for a 30 lakh Axis Bank home loan.

30 Lakh Home Loan EMI for 10 Years

Monthly EMI for a 30 lakh home loan for 10 years is calculated below with the following details.

Loan Amount (₹)30,00,000
Tenure (years)10
Interest Rate (p.a.) 8.75% - 9.15%

Note: Considering 8.75% interest in the below scenarios.

30 Lakh Home Loan EMI for 10 Years

A 30 lakh home loan EMI will be:

Equated Monthly Instalments (EMI in ₹)37,598
Principal Amount (₹)30,00,000
Interest Amount (₹) 15,11,763
Total Amount Payable (₹) 45,11,763

30 Lakh Home Loan EMI for 15 Years

A 30 lakh home loan for 15 years will have the below costing:

Equated Monthly Instalments (EMI in ₹)29,983
Principal Amount (₹)30,00,000
Interest Amount (₹) 23,97,023
Total Amount Payable (₹)53,97,023

30 Lakh Home Loan EMI for 20 Years

Breakup for EMI for 30 lakh home loan for 20 years will be:

Equated Monthly Instalments (EMI in ₹)26,511
Principal Amount (₹)30,00,000
Interest Amount (₹) 33,62,717
Total Amount Payable (₹)63,62,717

30 Lakh Home Loan EMI for 25 Years

25-year home loan of 30 lakhs will have EMI:

Equated Monthly Instalments (EMI in ₹)24,664
Principal Amount (₹)30,00,000
Interest Amount (₹) 43,99,293
Total Amount Payable (₹)73,99,293

Likewise, if you wish to calculate 30 lakh home loan EMI for 30 years, you can use Axis Bank Home Loan EMI Calculator.


Get your Rs 30 lakh home loan application started online with Axis Bank. Here's the step-by-step guide:

  • Check your eligibility before diving in. Use the Home Loan Eligibility Calculator to see if you can comfortably manage the monthly payments
  • Head to the Axis Bank Home Loan website and click "Apply Now"
  • Fill in your details and hit Submit. Specify if you're an existing customer or new one, and provide your name, phone number, email, city, and state
  • An Axis Bank rep will contact you to discuss the loan options
  • Gather all the required documents
  • Once approved, submit your property documents for verification
  • Get approved in as little as 15 days, as long as you have all the documents needed

 

  • Applicants in permanent government positions or employed by reputable private companies must be at least 21 years old when applying, with a maturity age of 65 years or at the time of superannuation.
  • Professionals and self-employed individuals falling within the income-tax bracket can apply for a Rs 30 lakh Home Loan, with an age limit of 21 years at the time of application and 65 years at loan maturity.
  • The bank also take into account factors such as annual income, number of dependents, employment status, existing assets, ongoing loan repayments, and credit score. These factors will help the bank ascertain that the EMI for the Home Loan of Rs 30 lakh remains affordable for you, and the combined EMIs of all loans do not exceed 40% of your take-home pay.

 

 

  • For Home Loans a non-refundable processing fee of roughly 0.1% of the principal amount is charged. GST as applicable will be charged.

 



Documents required for ₹30 Lakh Home Loan

  • Mandatory Documents- Application Form and PAN Card
  • Any one of the following for Identity Proof - Passport, Aadhaar Card, Driving License, Voter ID
  • Any one of the following for Proof of Address- Aadhdaar Card, Gas Bill, Driving License, Voter Id, Electricity Bill, Telephone Bill (Landline) Property Tax Receipt, Job Card by NREGA duly signed by an officer of the State Government, Letter issued by National Population Register confirming details of Name, Address, Photograph
  • Any one of the following for Date of Birth proof - Passport, PAN Card, Aadhaar Card with DOB, Driving License, Birth Certificate, SSC Marksheet
  • Any one of the following for Signature Proof - Passport, PAN Card, Banker’s verification, Notarized affidavit with ID and Address proof (not applicable for financial applicant)


Additional Documents for Salaried Individuals for Rs 30 lakh Home Loan
Any one of the following for proof of income

  • 3 months pay slip
  • 6 months pay slip showing all deduction for variable income
  • 6 months bank statement showing salary credits
  • years Form 16 (or employment continuity proof)

For NRI salaried

  • 3 months pay slip
  • Appointment letter/contract letter
  • Continuous Discharge Certificate for Shipping cases
  • 6 month Domestic NRE/NRO A/C statement
  • 6 months international Salary A/C statement
  • Overseas credit report
  • Valid visa copy/OCI card
  • Passport copy
  • POA details

Additional Documents for Self-employed Individuals for Rs 30 lakh Home Loan

  • 2 years ITR, Computation of Income, P&L, Balance sheet with CA seal and sign
  • For Asha Home Loan - 1 year ITR, Computation of Income, P&L, Balance sheet with CA seal and sign
  • Tax Audit Report (required for individuals whose sales turnover exceed the norms stipulated by the Income Tax Act)
  • 6 months bank statements of personal and business accounts
  • If ITR is filed without digital sign - CPC and tax paid challan
  • Three years business continuity proof

Factors that affect interest rate applicable on a Rs 30 lakh Home Loan

  • RBI’s repo rates –Since Home Loan rates are linked to the RBI’s repo rates, any change in the RBI’s rates will impact the Home Loan interest rate
  • Type of loan chosen – Whether it is a Floating Rate Home Loan or a Fixed Rate Home Loan will impact the interest rate. The interest rate on a Fixed Rate Home Loan is higher than a Floating Rate Home Loan
  • Your job profile and credit score also impact the interest rate. A borrower with a stable job and high credit score may get a Home Loan of Rs 30 lakh at a better rate of interest



Open Access Blog

Personal Loan EMI Calculator

Can getting a Personal Loan improve your credit score?

Learn about the benifits of a Personal Loan, how it can help increase your credit score, and when is the best time to apply for it....