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Home Loan Up to ₹ 30 Lakh

Apply 30 Lakhs Home Loan Online

Last Updated 05th Dec 2021

  • You can avail of a home loan for up to ₹ 30 Lakh to buy an apartment, floor, constructed house or a plot.
  • You will have to submit a set of documents like identity proof, address proof, income proof and a few other property documents to avail of a ₹ 30 Lakh Home Loan.
Interest rate6.50% p.a Check Best Offers
Minimum Income
  • ₹ 25,000 for salaried employees
  • ₹ 40,000 for self-employed
Age18 years to 70 years
Processing Fees ChargesNIl to up to 0.5%
Apply for Home Loan @ 6.50%* Get upto ₹ 1,000* Cashback

Get Home Loan up to ₹ 30 Lakh

Many banks and NBFCs offer home loans up to ₹ 30 Lakh in India. The loan amount of ₹ 30 Lakh can be used to purchase a villa, apartment, land, constructed house or home renovation. Currently, banks are offering home loans at an interest rate of minimum 6.50% pa. Flexible tenor options up to 30 years will help you to split EMIs and pay it conveniently. You can easily avail of the loan by fulfilling the eligibility criteria. To check your home loan eligibility for ₹30 Lakh, you can use the MyLoanCare home loan eligibility calculator.

Eligibility Criteria for Home Loan of ₹ 30 Lakh

To avoid home loan rejection of ₹ 30 Lakh, you need to fulfil the following eligibility criteria:-

  • Age: To avail of a home loan of ₹ 30 Lakh you must be between the age range of 18 years to 70 years.
  • Employment Type : ₹ 30 Lakh home loan is offered to salaried, self-employed and business professionals. Some lenders offer lower interest rates to salaried employees because of the regular source income.
  • Income : A salaried employee who wants a home loan of up to ₹ 30 Lakh must earn ₹ 25,000 monthly, and self-employed should have a gross annual income of ₹ 4,80,000 annually.
  • Credit Score : To avail ₹ 30 Lakh home loan, you must have a credit score above 650. If you have a low credit score, then your loan application can get rejected.

Interest Rates for ₹ 30 Lakh Home Loan

Bank NameInterest Rates
HSBC Bank
Compare
6.45%
Kotak Bank
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6.55%
Axis Bank
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6.65%
Yes Bank
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6.65%
ICICI Bank
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6.70%
Standard Chartered Bank
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6.99%
Karur Vysya Bank
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7.15%
RBL Bank
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7.90%
Edelweiss
Compare
9.25%
GIC Housing Finance
Compare
10.25%

₹ 30 Lakh Home Loan EMI with Different Tenure

You can use MyLoanCare's home loan emi calculator to calculate the EMI for a ₹ 30 Lakh home loan for different tenures at the lowest home loan rate of 6.50%.

₹ 30 Lakh Home Loan EMI For 5 years

Loan Amount₹ 30 Lakh loan emi for 5 years
₹ 30 Lakh₹ 58,698

₹ 30 Lakh Home Loan EMI For 10 years

Loan Amount₹ 30 Lakh loan emi for 10 years
₹ 30 Lakh₹ 34,064

₹ 30 Lakh Home Loan EMI For 15 years

Loan Amount₹ 30 Lakh loan emi for 15 years
₹ 30 Lakh₹ 26,133

₹ 30 Lakh Home Loan EMI For 20 years

Loan Amount₹ 30 Lakh loan emi for 20 years
₹ 30 Lakh₹ 22,367

Home Loan EMI Calculation for Loan Amount Lower Than ₹ 30 Lakh

Loan Amount10 Years Tenure EMI
₹ 26 Lakh home loan emi₹ 29,522
₹ 27 Lakh home loan emi₹ 30,658
₹ 28 Lakh home loan emi₹ 31,793
₹ 29 Lakh home loan emi₹ 32,929

Documents Required to Get Home Loan Up to ₹ 30 Lakh

You will need the following documents to get a home loan up to ₹ 30 Lakh:-

Salaried

  • Application form with passport size photographs
  • Identity proof- PAN Card and Aadhar card (mandatory)
  • Address proof- Passport, Aadhaar card, voter ID card, landline bill, registered rent agreement, driving license, bank statement or passbook or utility bill
  • Income proof- Last three years Form 16, last six months salary slip, last six months bank account statement
  • Property documents- Registered Sale Deed/ Conveyance/ Lease Deed, Builder buyer agreement, receipts of payment made, allotment letter, House tax return

Self-employed

  • Duly filled application form.
  • Passport size photographs
  • Identity proof-Aadhar card, PAN card, Voter Id card, Passport, Driving license.
  • Address proof- Ration card, utility bills, Voter Id card, Passport
  • Income proof- Last three years ITR (self and business), profit and loss account, balance sheets certified/audited by a CA
  • Property documents- Registered Sale Deed/ Conveyance/ Lease Deed, Builder buyer agreement, receipts of payment made, allotment letter, House tax return
  • Business proof- Certificate and Proof of Business Existence and Business Profile.

Steps to Apply for Home Loan Up to ₹ 30 Lakh

To apply for a home loan of up to ₹ 30 Lakh, perform the following steps:- :

  • Step 1: Visit the official website of MyLoanCare
  • Step 2: On the homepage of the website, click on the Home Loan tab or fill this form
  • Step 3: Enter details like name, pin code, phone number, loan amount, company name
  • Step 4: Click on ‘Get Quote’
  • Step 5: Enter the OTP
  • Step 6: Click on ‘Submit’
  • Step 7: You will be asked few more details on a new page like property type, existing loan etc
  • Step 8: Click on ‘Submit’
  • Step 9: You will be taken to an offers page; offers will be displayed as per your eligibility
  • Step 10: MyLoanCare executive will contact you and help you with the further process.

FAQs

Which bank is best for a Home Loan of up to ₹ 30 Lakh?

If you want to take a home loan of up to ₹ 30 Lakh, then you can apply with, HSBC Bank and Bank of Baroda as they are currently offering the lowest interest rate of 6.45% and 6.50%, respectively. Apart, based on customer service, DCB Bank offers the best service on home loans with a good customer rating of 5/5.

Can I get a ₹ 30 Lakh home loan without collateral?

A home loan is a secured loan wherein you pledge your home as an asset. It is not possible to avail of a ₹ 30 Lakh home loan without collateral. If you do not have anything to pledge, then you can take a personal loan.

What are the factors that affect EMI of ₹ 30 Lakh Home Loan?

There are various factors like loan amount, interest rate and tenure, which affects the EMI of ₹ 30 Lakh home loan. You can check your ₹ 30 Lakh home loan EMI for various tenors and interest rates using the home loan EMI calculator. If you meet the eligibility criteria successfully, then there are chances that you might get a home loan at a lower interest rate. Remember, a credit score is one important factor that affects the interest rate.

What is the Interest Rates for ₹ 30 Lakh SBI Home Loan?

SBI is offering an interest rate of 6.65% pa for ₹ 30 Lakh SBI home loan. Also, it charges a processing fee of 0.40% , Min ₹ 1,000, Max on a home loan amount.


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*Terms and conditions apply. Credit at sole discretion of lender, which is subject to credit appraisal, eligibility check, rates, charges and terms. Information displayed is indicative and collected from public sources. Read More
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