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₹50 Lakh Home Loan EMI

Calculate the EMI for a home loan of ₹50 Lakhs at various tenures beforehand and choose an affordable loan offer
Your Monthly Loan EMI

₹ 61,993

Total Interest

₹ 2,439,141

Principal Amount

₹ 50,00,000

Total Payable Amount

₹ 74,39,141

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You can easily compare Home Loan offers from multiple lenders on Bajaj Markets.

...

This platform also provides a clear view of the total interest payable and the overall repayment amount, enabling you to plan your finances and budget more efficiently.

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Computing the EMI for a home loan of ₹50 Lakhs will help you assess the repayment plan well in advance. For instance, if you plan to take a loan for 20 years at an approved interest rate of 8.50% p.a., you will need to pay a monthly instalment of ₹43,391. 

Likewise, the EMI you need to pay for a home loan of ₹50 Lakhs for a tenure of 15 years will be ₹49,237 approximately. You can calculate these values effortlessly with an EMI calculator. This way, you can compare home loan EMIs across varying tenures before finalising a suitable lender.

EMI for a Home Loan of ₹50 Lakhs for Various Tenures

The EMI amount varies with the tenure you choose. If you prefer a lower EMI, opting for a longer tenure is ideal and vice-versa. The following table explains how EMIs decrease with increasing tenures for a loan amount of ₹50 Lakhs at an interest rate of 8.50% p.a.:

Repayment Tenure

EMI Amount

10 Years

₹61,993

20 Years

₹43,391

25 Years

₹40,261

30 Years

₹38,446

Disclaimer: The figures mentioned in the above table are indicative. It is imperative to check the actual payable EMIs before applying.

Detailed Breakup of Home Loan of ₹50 Lakhs for 10 Years

Check the table to know the ₹50 Lakhs home loan EMI for 10 years:

Loan Amount

₹50 Lakhs

Interest Rate

8.50% p.a.

Loan Tenure

10 Years

EMI Amount

₹61,993

Total Interest Payable

₹24,39,141

Total Payable Amount

₹74,39,141

Disclaimer: The figures mentioned in the above table are indicative. It is imperative to check the actual payable EMIs before applying.

Detailed Breakup of Home Loan of ₹50 Lakhs for 20 Years

Here is the calculation of EMI for a home loan of ₹50 Lakhs for 20 years:

Loan Amount

₹50 Lakhs

Interest Rate

8.50% p.a.

Loan Tenure

20 Years

EMI Amount

₹43,391

Total Interest Payable

₹54,13,879

Total Payable Amount

₹1,04,13,879

Disclaimer: The figures mentioned in the above table are indicative. It is imperative to check the actual payable EMIs before applying.

Detailed Breakup of Home Loan of ₹50 Lakhs for 30 Years

Check out this table for the calculation of EMI for a home loan of ₹50 Lakhs for 30 years:

Loan Amount

₹50 Lakhs

Interest Rate

8.50% p.a.

Loan Tenure

30 Years

EMI Amount

₹38,446

Total Interest Payable

₹88,40,443

Total Payable Amount

₹1,38,40,443

Disclaimer: The figures mentioned in the above table are indicative. It is imperative to check the actual payable EMIs before applying.

Lenders Offering Home Loans of ₹50 Lakhs

Lenders

Starting Interest Rate

PNB Housing Finance

8.50% p.a.

Bajaj Housing Finance

7.35% p.a.

L&T Finance

8.60% p.a.

LIC Housing Finance

8.65% p.a.

Home First Finance Company

9.00% p.a.

ICICI Bank

9.00% p.a.

Kotak Mahindra Bank

9.00% p.a.

Shubham Housing Finance

9.90% p.a.

Shriram Housing Finance

11.50% p.a.

*Disclaimer: The mentioned rates are subject to change at the lender’s discretion.

Eligibility Criteria & Documents Required for a ₹50 Lakh Home Loan

Here is a list of the eligibility criteria for a home loan of ₹50 Lakhs:

  • Age:

    • Between 25 and 70 years for self-employed applicants

    • Between 23 and 62 years for salaried applicants

  • Experience

    • At least 3 years of work experience for salaried applicants

    • At least a 5 year business vintage for self-employed applicants

  • Residence

    • Should be residing in India

You will be asked to submit the following documents at the time of application:

  • Residential proof: Property tax receipts, utility bills, etc.

  • Identity proof: Aadhaar card, PAN card, etc.

  • Income proof: 

    • For self-employed applicants: The business’ audited P&L statements, balance sheets, etc.

    • For salaried applicants: ITR filings, Form 16, and bank statements

Other Home Loan EMI Options

FAQs on ₹50 Lakh Home Loan EMI

What will be the EMI for a home loan of ₹50 Lakhs for 10 years?

At an interest rate of 8.50% p.a., the EMI for a home loan of ₹50 Lakhs for 10 years will amount to ₹61,993.

The EMI amount will be ₹43,391.

The EMI for a home loan of ₹50 Lakhs will be ₹40,261 at an interest rate of 8.50% p.a.

You can comfortably repay a housing loan of ₹50 Lakhs over a tenure of 30 years.

Yes, you can apply for a home loan of ₹50 Lakhs both online and offline. However, check the eligibility criteria and other loan terms for a hassle-free process.

Yes. Lenders usually have lenient credit score requirements for home loans as it is a type of secured loan. Here, the property you purchase with the help of the loan acts as collateral. This provides lenders with security in case of default.

Usually, lenders require you to have an income of at least ₹20,000 or more for a home loan of ₹50 Lakhs. However, this requirement may vary from one lender to another.

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