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₹50 Lakh Loan Against Property

Compare the EMI structures across different tenures for a ₹50 Lakh loan against property and pick the option that fits your repayment capacity the best.
Your Monthly Loan EMI
₹ 63,311
Total Interest

₹ 2,597,300

Principal Amount

₹ 50,00,000

Total Payable Amount

₹ 75,97,300

Loan Amount i
Interest Rate
- +
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Max value reached
Tenure
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You can easily compare Loan Against Property (LAP) 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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To meet various financial needs, such as covering personal or business expenses, home renovations, or other requirements, a Loan Against Property (LAP) can be a suitable option. A ₹50 Lakh loan is a substantial amount, requiring thoughtful planning for efficient management.  

Understanding the EMI amounts across different tenures will help you choose the best plan to repay conveniently. With thorough research and preparation, you can make smarter decisions.

Moreover, knowing the loan's eligibility criteria and documentation requirements allows you to apply in a well-informed manner. It also ensures quicker access to funds during emergencies.

EMIs for a Loan Against Property of ₹50 Lakhs at Varying Tenures

The repayment tenure plays an important role in determining your instalment amount. A longer tenure reduces your EMI but increases the total interest paid. You can compute the amounts easily with a ₹50 Lakh loan against property EMI calculator. 

Here is a table displaying the EMIs for different tenures, based on an annual interest rate of 9.50%:

Loan Amount 

Tenure 

EMI Value

₹50 Lakhs

5 Years

₹1,05,009

₹50 Lakhs

10 Years

₹64,699

₹50 Lakhs

15 Years 

₹52,211

₹50 Lakhs

20 Years

₹46,607

₹50 Lakhs

25 Years 

₹43,685

₹50 Lakhs

30 Years 

₹42,043

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

Detailed Breakup of a Loan Against Property of ₹50 Lakhs for 10 Years

For a loan of ₹50 Lakhs with a 10-year tenure, the repayment structure will be as follows:

Loan Amount 

₹50 Lakhs

Interest Rate 

9.50% p.a.

Loan Tenure

10 years

EMI Payable 

₹64,699

Total Interest Payable

₹27,63,853

Total Payable Amount 

₹77,63,853

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

Detailed Breakup of a Loan Against Property of ₹50 Lakhs for 20 Years

Opting for a tenure of 20 years for allows you to spread the repayment into manageable EMIs. Take a look at the EMI, total interest, and the total amount you will need to pay:

Loan Amount 

₹50 Lakhs

Interest Rate 

9.50% p.a.

Loan Tenure

20 years

EMI Payable 

₹46,607

Total Interest Payable

₹61,85,574

Total Payable Amount 

₹1,11,85,574

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

Detailed Breakup of a Loan Against Property of ₹50 Lakhs for 30 Years

Opting for a longer tenure of say, 30 years, can help make the repayment easier when it comes to the monthly payment amount. Below is a detailed breakup of the EMI, total interest, and total amount payable for a ₹50 Lakh loan:

Loan Amount 

₹50 Lakhs

Interest Rate 

9.50% p.a.

Loan Tenure

30 years

EMI Payable 

₹42,043

Total Interest Payable

₹1,01,35,376

Total Payable Amount 

₹1,51,35,376

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

Lenders Offering Loans Against Property of ₹50 Lakhs

Choosing the right lender is crucial to get suitable loan terms. Explore LAP options up to ₹50 Lakhs on Bajaj Markets and compare loan terms from multiple lenders.

Below is a list of lenders along with their starting interest rates for a ₹50 Lakh loan against property:

Financial Institution 

Minimum Interest Rate

Sammaan Finserve

9.75% p.a.

PNB Housing Finance

9.25% p.a.

Aditya Birla Finance

10.50% p.a.

Bajaj Housing Finance

8.99% p.a.

L&T Finance

9.60% p.a.

LIC Housing Finance

9.45% p.a.

Home First Finance Company

14.00% p.a.

ICICI Bank

10.60% p.a.

Shubham Housing Finance

13.90% p.a.

Shriram Housing Finance

14.75% p.a.

India Shelter

15% p.a.

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

Eligibility Criteria and Documents Required for a ₹50 Lakhs Loan Against Property

To qualify for the loan, you must meet specific eligibility criteria. Below are the requirements for both salaried and self-employed applicants:

  • Age: Between 21 and 70 years

  • Minimum Monthly Income: ₹30,000

  • Work Experience: At least 1 year for salaried individuals, and 2 years for self-employed individuals

You also need to provide some paperwork for verification:

For Salaried Individuals:

  • Identity Proof: Aadhaar card, PAN card, Voter ID, Passport, or any government-issued ID

  • Address Proof: Aadhaar card, Voter ID, Passport, utility bill, Ration card, or any government-issued document

  • Income Proof: Salary slips for the last 3 months, latest Income Tax Return (ITR), and Form 16

  • Property Documents

For Self-employed Individuals:

  • Identity Proof: Aadhaar card, PAN card, Voter ID, Passport, or any government-issued ID

  • Address Proof: Aadhaar card, Voter ID, Passport, utility bill, Ration card, or any government-issued document

  • Income Proof: Bank statements for the last 6 months, audited financial statements of the business, and ITR filed by the business

  • Property Documents

Other Loan Against Property EMI Options

FAQs on ₹50 Lakh Loan Against Property EMI

What is the EMI for a ₹50 Lakh loan against property?

The EMI amount for this loan depends on several factors, including the loan amount, interest rate, and repayment tenure. 

For instance, if you take a ₹50 Lakh loan at an interest rate of 9.50% per annum with a 30-year tenure, the EMI would be ₹42,043. For a 5-year tenure with the same interest rate, the EMI would be ₹1,05,009.

To qualify for this loan, you need to meet the following requirements:

  • You must be between 21 and 70 years of age

  • Your minimum monthly income should be ₹30,000

  • You must have at least 1 year of work experience if you are salaried, and at least 2 years of work experience if self-employed

Here is the EMI for a ₹50 Lakh LAP for various tenures at an interest rate of 9.50%:

  • 5 Years : ₹1,05,009

  • 10 Years: ₹64,699

  • 15 Years: ₹52,211

  • 20 Years: ₹46,607

  • 25 Years: ₹43,685

  • 30 Years: ₹42,043

You can calculate the payable EMI, total interest, and total amount easily with a ₹50 Lakh loan against property EMI calculator. 

Yes, you can get a ₹50 Lakh loan against your property if you meet the lender’s eligibility criteria. Check the terms that various lenders offer on Bajaj Markets and find the best option.

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