Complete ₹30L home loan EMI walkthrough — step-by-step math, 20-year amortisation chart, prepayment savings, and eligibility rules.
This page walks through a complete ₹30 lakh home loan calculation with step-by-step math, a 20-year amortisation chart, prepayment impact, and bank eligibility rules.
P = ₹30,00,000 | r = 0.007083 (= 8.5÷12÷100) | n = 240
Numerator: 30,00,000 × 0.007083 × (1.007083)^240 = 1,14,918
Denominator: (1.007083)^240 − 1 = 4.4036
EMI = ₹26,098/month
Total paid: ₹62,63,520 | Total interest: ₹32,63,520
| Monthly Income | Max EMI (40%) | Max Loan (8.5%, 20yr) |
|---|---|---|
| ₹40,000 | ₹16,000 | ~₹18.4L |
| ₹60,000 | ₹24,000 | ~₹27.5L |
| ₹80,000 | ₹32,000 | ~₹36.7L |
| ₹1,00,000 | ₹40,000 | ~₹45.8L |
| ₹1,50,000 | ₹60,000 | ~₹68.8L |
Outstanding after 3 yrs: ~₹27.8L | After prepayment: ~₹22.8L
EMI stays same but tenure reduces by ~4.2 years
Interest saved: approximately ₹7.8–9.2 lakh
Calculate home loan EMI with full amortisation, prepayment simulation, and bank eligibility check.