50 lakhs home loan emi calculator

₹50 Lakhs Home Loan EMI

Check 50 Lakh Home Loan EMI & Interest Rate

✓ Home Loan from ₹5 Lakhs To ₹5 Cr ✓ Multiple Lending Partners ✓ Attractive Interest Rates

The Equated Monthly Instalment or EMI that you have to pay to repay your home loan depends to a large extent upon the amount of loan taken apart from the tenure of the loan and the applicable rate of interest. The higher the loan amount, the more the amount you have to pay to the lender every month as EMI. Once you start paying the EMI to the bank/NBFC, it is advisable to stick to the repayment schedule with earnest discipline.

EMI Calculations for a Home Loan of ₹50 Lakh with Varying tenures

Your home loan EMI depends primarily on three factors- the loan amount, the tenure of the loan and the applicable rate of interest. The following table shows the EMI that you will be paying to your lender every month for a home loan of ₹50 lakhs for various tenures. The interest rate is assumed to be 6.7% per annum for the calculation.

Loan Amount

Loan tenure

Interest Rate

EMI Payable

₹50 Lakh

30 Years

6.7% per annum

₹32,264

₹50 Lakh

20 Years

6.7% per annum

₹37,870

₹50 Lakh

15 Years

6.7% per annum

₹44,107

₹50 Lakh

10 Years

6.7% per annum

₹57,284

50 Lakhs Home Loan EMI Calculator

** The above charges are excluding taxes
* Placeholder for disclaimers on Interest and Charges page
 **These are indicative and subject to change at the discretion of lender/ without prior notice.

Interest Rate Applicable on a ₹50 Lakh Home Loan

The rate of interest charged by the lender on a home loan depends upon multiple factors. Some of the factors that influence the housing loan interest rate are:

  • Credit Score: If you have a healthy credit score (upwards of 750), banks/NBFCs would usually offer you a home loan at a lower rate of interest. On the other hand, you might have to pay a much higher interest rate if you have a poor credit standing.

  • Type of Employment and Income: Lenders charge a lower interest rate from borrowers with a stable job or a well-established business. This is because stable employment with a regular inflow of cash means a lower risk of default.

  • tenure of the Loan: Home loans with a longer tenure usually attract a higher rate of interest compared to ones with a shorter tenure.

  • Type of Interest: Home loans are offered with three types of interest rates- floating rate, fixed rate and mixed rate. While the interest rate applicable on loans with a fixed interest rate remains constant throughout the tenure of the loan, floating rate is subject to change every quarter. Loans with mixed interest rate start off with a fixed rate of interest (applicable for a specific fraction of the tenure), then switch over to a floating rate.

  • Loan to Value (LTV) Ratio: It is the ratio of the loan amount to the market price of the property. Most lenders offer home loans up to 80% of the property price. You can always lower the LTV ratio by making a larger down payment. Home loans with a higher LTV ratio usually attract a higher rate of interest.

  • Property Location: The location of the property also impacts the interest rate charged by the lender. Lenders levy a lower rate of interest on properties with good connectivity and amenities located at a prime location.

  • Loan Amount: The amount of the loan taken also influences the applicable interest rate. In most cases, the more the loan amount, the higher the interest rate. For example, a home loan of ₹50 lakh would attract a higher rate of interest than a home loan of ₹25 lakh.

You can avail home loans at affordable interest rates at Bajaj MARKETS. Apart from competitive interest rates, you also get numerous other benefits if you avail a home loan at Bajaj MARKETS such as zero charges or penalty for foreclosure of the loan or for making part prepayments. While looking for the best home loan offer for yourself, you should compare various loan offerings and select a lender providing the most affordable interest rates.

Eligibility Criteria for a ₹50 Lakh Home Loan

Financial institutions (banks/NBFCs) consider certain eligibility criteria before granting a home loan. While the exact criteria are different for different lenders, some of the general eligibility conditions that you must satisfy as a home loan applicant are:

  • Age: You must be at least 18 years old to be eligible for a home loan from any lender. Some lenders have a higher age limit and require you to be at least 21 years old to process your home loan application.

  • Credit Score: Credit score or CIBIL score is one of the most important factors that determine your eligibility criteria for housing loan. If you have a credit score of 750 or above, you are most likely eligible for most of the home loan offers.

  • Income: Apart from your credit score, your income is another very important factor that determines your eligibility for a home loan. Banks/NBFCs would grant you a home loan only if you are financially capable to pay the loan EMIs.

  • Loan to Value (LTV) Ratio: Banks/NBFCs usually do not grant loans of an amount greater than 80% of the value of the property. For example, if you apply for a home loan to buy a house worth ₹50 lakhs, the maximum loan amount you would be eligible for would be ₹40 lakhs. This ratio of the loan amount to the market value of the property is known as the Loan to Value (LTV) ratio.

Steps to Apply for a Home Loan Up to ₹50 Lakh

You can easily apply for housing loan at Bajaj MARKETS. All you have to do is follow the below-mentioned steps:

  • Step 1: Visit the Home Loans section on the Bajaj MARKETS website and enter some of the basic information such as your phone number and date of birth.

  • Step 2: The next step of the Home Loan application process will require you to share details about your current employment along with your yearly income.

  • Step 3: Now you will be prompted to provide some additional information such as your gender, PAN and marital status. After you’re done filling in the information, you will have to click on the proceed button that can be found on the bottom-right corner of the page.

  • Step 4: After the successful completion of the third step, you will be shown the maximum amount that you can avail as home loan from one of our lending partners. You will also be able to see the monthly EMI that you’ll have to pay, inclusive of the interest rate.

  • Step 6: Now you have to select one of the loan options from our lending partners and select the tenure for repayment.

Once you have selected the lending partner, the home loan amount, and the payment tenure of your choice, you will be shown a loan summary page. The home loan summary page will include details such as the rate of interest, the loan amount, the EMI, and the date on which your monthly EMI will be deducted from your bank account. It will also contain information about the processing fee that will be applicable on the home loan. The processing fee will be deducted from your final housing loan amount.

Documents Needed for a ₹50 Lakh Home Loan

In order for your home loan application to be processed by the bank/NBFC, you need to provide a certain set of documents. Here is a handy list of housing loan documents that you need to furnish:

  • Identity Proofs: Aadhaar card, Voter ID card, driving licence, passport, etc.

  • Address Proof: Driving licence, passport, Aadhaar card, utility bills, etc.

  • Proof of Income: Last three months’ salary slips, last six months’ bank statements, Form 16 or income tax returns.

  • Property Documents: Sale deed, a copy of allotment letter/buyer agreements

How to Minimise Your ₹50 Lakh Home Loan EMI?

While the loan EMI is fixed for the entire tenure of the loan, there are certain ways to reduce your home loan EMI. Following are some of the ways to minimise the EMI of your ₹50 lakh home loan:

  • Choose a longer loan tenure: If you choose a longer repayment tenure, your EMI obligation will be considerably reduced.

  • Select a lower interest rate: Always compare between different lending companies/banks and choose the one that is offering the lowest interest rate. This will reduce your EMI obligation.

  • Make a substantial downpayment: If you make a large down payment, your overall debt burden will be reduced. This will minimise your loan EMI.

  • Partial prepayment: Based on your existing financial situation, you can choose to make a partial prepayment of your ₹50 lakh home loan. This will give you a breather by reducing your existing EMI obligations.

Factors that Affect Your ₹50 Lakh Home Loan EMI

The amount that you would end up paying to your lender as EMI every month depends upon a number of factors. Some of the factors that affect your home loan EMI are as under:

  • Interest rate: The interest rate directly impacts your EMI obligation. With a lower interest rate, such as that from Bajaj MARKETS, you have a lower credit obligation.

  • Loan tenure: Your ₹50 lakh house loan EMI also depends upon the tenure of the loan. The longer the tenure, the lower the EMI.

  • Loan amount: Your housing loan EMI also depends upon the amount borrowed. The EMI for a ₹50 lakh loan would be much higher than that for a ₹25 lakh loan.

  • Credit Score: It is a three-digit figure that reflects your creditworthiness. A good credit score can help you get a home loan at reasonable rates of interest. Having a poor credit score can increase your interest rate, thereby increasing your EMIs.

  • Loan to Value (LTV) Ratio: The Loan to Value Ratio is calculated by dividing the value of the property by the amount of loan taken. A higher Loan to Value Ratio is considered high-risk and can result in higher interest rates. To have an optimum Loan to Value Ratio, you can make a substantial downpayment.

FAQs on ₹50 Lakh Home Loan EMI

  • ✔️How much EMI will I have to pay if the home loan amount ranges between ₹10 lakh to ₹15 lakh?

    If you take out a home loan between ₹10 lakh and ₹15 lakh for a tenure of 20 years, assuming the rate of interest of 6.5% per annum, you will be paying an EMI between ₹7,500 and ₹11,200 every month to the lender.

  • ✔️How much EMI will I have to pay if the home loan amount ranges between ₹25 lakh to ₹40 lakh?

    If you take out a home loan between ₹25 lakh and ₹40 lakh for a tenure of 30 years, assuming the rate of interest of 6.5% per annum, you will be paying an EMI between ₹15,500 and ₹25,000 every month to the lender.