50 Lakh Home Loan EMI Interest Rate 2026

There are many banks, non-banking financial companies (NBFCs) and other financial institutions that offer Rs. 50 Lakh Home Loan at different interest rates. Following are the interest rates of top ten banks and NBFCs for a Home Loan of Rs. 50 Lac Home Loan. 

Disclaimer: The interest rates are as of 18-06-2026.

The EMI is Calculated for a Maximum tenure for different interest rates for Respective banks:

The monthly instalments have been calculated on the basis of an average interest rate of 7.10%. Interest rates differ from one bank to the other, and so does the 50 lac home loan EMI. Make sure you thoroughly check all the rates carefully before choosing any loan scheme. Your EMI on 50 lakh home loan also depends on your credit score. 

Below is the table for Rs. 50 Lakhs Loan EMI, total Interest payable and total Repayment at 7.10% interest rates for 5 years tenure:

Below is the table for Rs. 50 Lakhs Loan EMI, total Interest payable and total Repayment at 7.10% interest rates for 10 years tenure:

Below is the table for Rs. 50 Lakhs Loan EMI, total Interest payable and total Repayment at 7.10% interest rates for 20 years tenure:

Below is the table for Rs. 50 Lakhs Loan EMI, total Interest payable and total Repayment at 7.10% interest rates for 30 years tenure:

Calculating your Rs. 50 Lakh Home Loan EMI is easy with an online EMI calculator. Here’s how to use a Home Loan EMI Calculator: 

MyMoneyMantra Home Loan EMI calculator can provide you the exact Home Loan EMI for the selected Home Loan amount, tenure and rate of interest. 

You’re just required to enter the desired home loan, the tenure in which you wish to repay the Home Loan and the interest rate quoted by the bank or housing financier. With MyMoneyMantra’s Home Loan EMI calculator, you can ascertain your monthly repayments before you take a Home Loan.

Under section 80(c) of the Indian Income Tax Act, you can avail of a tax deduction of up to Rs 1.5 Lakhs per financial year on your home loan’s principal repayment portion. You can avail this deduction only after the completion of the construction of your residential property.

Under section 80(c), tax deduction can also be claimed for stamp duty and registration fees, but within the overall limit of Rs. 1.5 Lakhs applied to principal repayment.

Apart from that, you can also avail a deduction of up to Rs. 2 Lakh per financial year on the interest component of your home loan under section 24(b) of the Income Tax Act, provided the construction or acquisition of the self-occupied property is completed within 5 years.

To get a home loan of up to 50 lakh approved by your preferred bank, you must take note of their eligibility policies. Home loan eligibility can differ from one bank to the other based on their policies. However, make sure you go through the common factors that are required by all banks and financial institutes.

• The age criteria remain similar for almost all the banks and NBFCs in the country. The minimum age required for a 50 lac home loan is 18 years for all the banks. Many banks also require the eligible applicants to be at least 21 years old as per their policies.
• Both NRIs and Indian residents can apply for home loans at banks and financial institutes in India.
• The maximum of applying for home loans is around 60 to 70 years as per the policies of banks. Salaried people are expected to apply till 60 years. On the other hand, many banks allow self-employed people to apply for home loans for up to 65-70 years. Both salaried and self-employed individuals are eligible to apply for home loans irrespective of the amount in India.
• You must have a valid PAN card while applying for a home loan in India at all banks. 
• The major documents that you need to keep while applying for a home loan in India include your identity proof- voter card, Aadhar card, passport, address proof- The electricity bill, water bills, driving licence, other bills as proof of your address;
• Home Loan Documents Required by most banks remain the same. You must provide your bank statements for the past 6 months while applying for a home loan in order to prove your credibility as a borrower.
• Salaried people need to submit their payslips, bank statements as proof of income while applying for a home loan.
• Self-employed people need to provide valid proof of the existence of their business as well as proof of their stable monthly income to prove their credibility as ideal borrowers. Many banks may also require documents as proof of their business stability for at least the last 5 years.
• A credit score for home loan plays a huge role in helping the banks determine whether or not you are an ideal borrower. Focus on maintaining a good credit score of 750 or above, if possible. If you have a poor credit score, make sure you work towards improving your credit score before you apply for home loans in India.
• You can also consider applying with a co-applicant if you do not have a good credit score. Your co-applicants credit score will also be taken into consideration before approving your home loan.

• Credit score: A 750 or higher credit score makes you a low-risk borrower for lenders, resulting in the most competitive home loan rates.
• Property type: The type of property and its status can also be the deciding factor. Usually, ready-to-move properties or properties from reputed developers have lower risk, resulting in cheaper interest rates.
• Employment: If you are a salaried individual working for a reputable company or government entity, your chances of securing lower home loan interest rates are higher due to perceived job security.
• Debt-to-income ratio: Lenders will check how much of the borrower’s income goes toward their existing EMIs and other obligations. A lower ratio may result in a lower interest rate.
• Loan amount: A higher loan amount means a higher interest rate on the home loan. Try to pay a high down payment while purchasing a house to reduce the repayment burden as well as the interest rate.
• Tenure: Shorter tenures generally attract lower risk premiums than longer tenures and hence, carry a lower interest rate.

Documents submission and verification is mandatory for a home loan approval. The home loan applicant must submit the following documents along with the home loan application. These are:

• Reduced interest rate: Switching to a lender who is offering a more competitive interest rate can save you significant money over the tenure of the home loan. 
• Lower EMIs: A lower interest rate results in a smaller Equated Monthly Instalment (EMI). 
• Top-up loans: You can get access to additional funds alongside the balance transfer through a home loan top-up to meet any personal expenses. 
• Extended tenure: New lenders may offer the flexibility to restructure and extend your home loan tenure, making repayment more convenient. 
• Tax deductions: While you reap the benefit of a low interest rate, you can continue to claim tax deductions on principal and interest of your home loan repayments under the Income Tax Act.

Once you find a Rs. 50 Lakhs home loan deal with the best home loan interest rates, follow the step-by-step process mentioned below to apply for a home loan of Rs. 50 Lakhs:

• Visit our website and then click the ‘Home Loan’ mentioned under the ‘Loans’ section.
• Fill out the online application form accurately by entering all the details.
• Enter the ‘OTP’ sent to your registered mobile number.
• Click on the ‘Submit’ button to see the best home loan offer quotes.
• Home loan offers from our lending partners will be displayed on your screen as per the information entered by you.
• Select the most preferred lender and apply online.
• Our home loan experts will contact you soon regarding the completion of your home loan process.

If you intend to apply for a home loan soon, go through the details mentioned in this article regarding a home loan of 50 lac, eligibility requirements, different interest rates offered by banks, and other details.