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.
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.
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.
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.
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.
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.
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 |
Indiabulls Commercial Credit |
9.75% p.a. |
PNB Housing Finance |
9.25% p.a. |
Aditya Birla Finance |
10.50% p.a. |
Bajaj Housing Finance |
9.75% 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.
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
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.