Hello,
Guest!
Axis Bank MY ZONE Credit Card
Axis Bank SELECT Credit Card
IndianOil Axis Bank Credit Card
Axis Bank Magnus Credit Card
Axis Bank Flipkart Credit Card
Axis Bank Vistara Credit Card
Axis Bank Rewards Credit Card
Axis Bank Vistara Infinite Credit Card
Axis Bank Neo Credit Card
Samsung Axis Bank Signature Credit Card
Axis Bank Aura Credit Card
Axis Bank Vistara Signature Credit Card
Axis Bank Privilege Credit Card
HDFC Freedom Credit Card
HDFC Indian Oil Credit Card
HDFC Infinia Credit Card
HDFC MoneyBack Credit Card
HDFC Diners Club Black Credit Card
HDFC Regalia Credit Card
HDFC Millennia Credit Card
HDFC Business MoneyBack Credit Card
HDFC Regalia Gold Credit Card
HDFC Regalia First Credit Card
HDFC UPI Rupay Credit Card
Best HDFC Credit Cards
HDFC Personal Loan
IDFC First Bank Personal Loan
Kotak Personal Loan
Bajaj Finserv Personal Loan
Tata capital Personal Loan
Yes Bank Personal Loan
Axis Bank Personal Loan
Kreditbee Loan
L&T Finance Consumer Loan
Instant Loan Apps
15 Lakh Loan
20 Lakh Loan
25 Lakh Loan
5 Lakh Loan
10 Lakh Loan
Instant Loan Without Cibil
Best Banks for Personal Loan
Lowest Personal Loan Interest Rates
Navi Personal Loan
SBI Personal Loan
Moneytap Loan
Cashe Loan
Cashbean Loan
Finnable Loan
AbhiLoans
Incred Loan
Personal Loan Application Status
Kotak Overdraft Loan
Piramal Finance Personal Loan
L&T Finance Personal Loan Statement
Bandhan Bank Personal Loan
Home Loan Interest Rates
Best Home Loan Interest Rates
DDA Housing Scheme 2023
HDFC Bank Home Loan
PNB Housing Finance
Kotak Mahindra Bank Home Loan
IDFC First Home Loan
Bajaj Finserv Home Loan
SBI Home Loan
5 Crore Home Loan EMI
2 Crore Home Loan EMI
1 Crore Home Loan EMI
70 Lakh Home Loan EMI
50 Lakh Home Loan
45 Lakh Home Loan EMI
40 Lakh Home Loan
35 Lakh Home Loan EMI
Home Loan in Delhi
Home Loan in Mumbai
Pradhan Mantri Awas Yojana
Loan Against Property Interest Rate
HDFC Loan Against Property
Federal Bank Loan Against Property
Kotak Loan Against Property
IDFC First Loan Against Property
SBI Loan Against Property
Home First Loan Against Property
PNB Housing Loan Against Property
Bajaj Finance Loan Against Property
Loan Against Property without Income Proof
SBI Loan Against Property Interest Rates
Loan Against Property Eligibility
Bank of Baroda Loan Against Property
Canara Bank Loan Against Property
LIC Loan Against Property
Blog
50 Lakh Home Loan EMI Interest Rate 2023
50 Lakh Home Loan EMI Interest Rate 2023
Owning a big house requires substantial funds. Thankfully these funds can be easily arranged through a home loan. If you too want to live this dream and want to know what is the EMI for 50 lakhs home loan, let’s find it out with the help of a 50 lakh home loan EMI calculator.
You can also Apply for Kotak Home Loan and check EMI, Interest rate and Eligibility Online to avail offer.
Let’s understand home loan EMI for Rs. 50 lakhs with an example. Assuming that the interest rate is 8.50% p.a. and tenures are 5, 10, 15, 20 and 30 years, your EMI on Rs. 50 lakhs home loan using the Home Loan EMI Calculator will be as follows:
| Loan Amount | Interest Rate | Loan Tenure | EMI |
| Rs. 50 Lakh | 8.50% | 30 Years | Rs. 38,092/- |
| Rs. 50 Lakh | 8.50% | 20 Years | Rs. 43,075/- |
| Rs. 50 Lakh | 8.50% | 15 Years | Rs. 48,944/- |
| Rs. 50 Lakh | 8.50% | 10 Years | Rs. 61,726/- |
| Rs. 50 Lakh | 8.50% | 5 Years | Rs. 1,02,342/- |
50 Lakh Home Loan EMI Details
The home loan principal amount is received in a lump sum. The proceeds are to be repaid in the decided loan tenure. The amount to be repaid every month will be Rs. 50 lakh home loan EMI. The same is calculated using Rs. 50 lakh home loan EMI calculator. The ideal EMI is according to the repayment capacity of the borrower. To increase or decrease the EMI amount, adjustments in the loan term are made while using the Rs. 50 lakh home loan EMI calculator. Most lending companies have a maximum loan term of up to 30 years.
The table below shows the EMI details for different loan tenures for Rs. 50 lakh home loan. The rate of interest is @ 8.50% per annum.
Looking for 1 Crore Home Loan? Check Interest rates, Eligibility, and EMI Online.
50 Lakh Home Loan EMI for 30 Years
What is the EMI for 50 lakhs home loan? We can find out the Rs. 50 lakh home loan EMI with the help of Rs. 50 lakhs home loan EMI calculator.
- Loan Amount – Rs. 50,00,000
- Rate of Interest – 8.50% p.a.
- EMI value – Rs. 38,092
- Total Interest – Rs. 87,13,078
- Total Repayment – Rs. 1,37,13,078
50 Lakh Home Loan EMI for 25 Years
What is the EMI for 50 lakhs home loan? We can find out the Rs. 50 lakh home loan EMI for 25 years with the help of Rs. 50 lakhs home loan EMI calculator.
- Loan Amount – Rs. 50,00,000
- Rate of Interest – 8.50% p.a.
- EMI value – Rs. 39,925
- Total Interest – Rs. 69,77,490
- Total Repayment – Rs. 1,19,77,490
50 Lakh Home Loan EMI for 20 Years
What is the EMI for 50 lakhs home loan? We can find out the Rs.50 lakh home loan EMI for 20 years with the help of Rs. 50 lakhs home loan EMI calculator.
- Loan Amount – Rs. 50,00,000
- Rate of Interest – 8.50% p.a.
- EMI value – Rs. 43,075
- Total Interest – Rs. 53,38,054
- Total Repayment – Rs. 1,03,38,054
50 Lakh Home Loan Interest Rates
The interest rates on home loans are linked to the lending rate fixed by the Reserve Bank of India. While some banks and non-banking financial companies in India approve home loans at MCLR rates, others add a certain percentage to determine their lending rate. Listed below are the leading banks that offer the most competitive rate of interest on Rs. 50 lakh home loans in India.
Compare Best Home Loan Interest Rates starting @8.50% from multiple Banks and NBFCs.
50 Lakh Home Loan EMI Interest Rate Comparison with Other Lenders:
| Top Banks | Interest Rate | Loan tenure | EMI Payable |
| HDFC Bank | 8.50% - 9.40% | 30 Years | Rs. 38,092 |
| SBI | 8.40% - 10.15% | 30 Years | Rs. 40,772 |
| Kotak Mahindra Bank | 8.75% - 9.60% | 30 Years | Rs. 39,335 |
| PNB Housing Finance | 8.50% - 11.25% | 30 Years | Rs. 39,335 |
| HSBC | 8.60% - 8.85% | 30 Years | Rs. 38,801 |
| IDFC First | 8.85% - 9.25% | 30 Years | Rs. 39,693 |
| Federal Bank | 8.80% p.a. onwards | 30 Years | Rs. 44,434 |
| ICICI Bank | 9.00% - 10.05% | 30 Years | Rs. 40,231 |
Eligibility Criteria for 50 Lakh Home Loan
To get a home loan approved it is important that the borrower meets the lending company’s eligibility criteria. Though the eligibility conditions vary from one lender to another, the broad eligibility conditions are as under:
| Eligibility Head | Eligibility Criteria |
| Age | The minimum age of a home loan borrower is 21 years and the maximum age of the borrower should not be more than 65 years. The home loan term cannot be more than the number of years remaining until retirement. |
| Work Profile | The home loan applicant can either be a salaried individual, a self-employed professional, or a self-employed non-professional. |
| Income | The home loan borrower must have a regular and steady income. The minimum income clause varies from lender to lender. |
| Work Experience | The home loan applicant must have relevant work experience. For salaried individuals at least 2 years work experience of which at least last one year must be with the current employer. For self-employed individuals at least 3 years in the same business of which at least 2 years should reflect profit. |
| Residential Status | The home loan applicant can be either an Indian citizen or a Non-Resident Indian. |
| Credit Score | A good credit score is a must for home loan approval. A credit score of 650 points or above is preferred. |
| Debt-Income Ratio | The home loan applicant must maintain a Debt-Income ratio lower than 50%. The lower the Debt-Income ratio, the better it is. |
Documents Required for 50 Lakh Home Loan
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:
| Age Proof (Any One) | Passport / Driving License / Life Insurance Policy / School Leaving Certificate / PAN Card / Birth Certificate |
| Identity Proof (Any One) | Passport / Driving License / PAN Card / Voter ID |
| Address Proof (Any One) | Utility Bill / Bank Account Statements/ Property Tax Receipt / Voter ID/ Property Registration Documents |
| Income Proof (All) | Salaried
Self-Employed (Professional and Non-Professional)
|
Different Home Loan EMI Options for Multiple Amount
FAQs
✅ What is the EMI for a 50 lakh home loan for 20 years?
Rs. 50 lakh home loan EMI for 20 years @ rate of interest 8.50% p.a. is Rs. 43,075.
✅ What is 50 lakh home loan EMI for 30 years from Union Bank of India?
Union Bank of India offers home loans at a rate of interest starting at 8.50% - 10.95% p.a. The Rs. 50 lakh home loan EMI for 30 years from Union Bank of India is Rs. 38,446.
✅ What will be the 50 lakh home loan EMI for 25 years?
Rs. 50 lakh home loan EMI for 25 years @ rate of interest 8.50% p.a. is Rs. 39,925.
✅ What is the EMI for 50 lakhs home loan for 30 years from ICICI Bank?
ICICI Bank offers home loans at a rate of interest starting at 9.00% - 10.05% p.a. The Rs. 50 lakh home loan EMI for 30 years from ICICI Bank is Rs. 39,925.
✅ Which bank has the lowest Rs.50 lakh home loan EMI for 30 years?
HDFC LTD offers the lowest home loan interest rates starting at 8.50% p.a. Its Rs. 50 lakh home loan EMI for 30 years is Rs. 38,092.
