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.
Click here to Calculate Rs. 50 Lakhs Home Loan EMI
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.
Additional Info: Also check LIC Home Loan
The table below shows the EMI details for different loan tenures for Rs. 50 lakh home loan. The rate of interest is @ 6.80% per annum.
|Loan Amount||Rate of Interest||Repayment Term||EMI per month|
|Rs. 50 lakhs||6.80% p.a.||10 Years||Rs. 57,540|
|Rs. 50 lakhs||6.80% p.a.||15 Years||Rs. 44,384|
|Rs. 50 lakhs||6.80% p.a.||20 Years||Rs.38,167|
|Rs. 50 lakhs||6.80% p.a.||25 Years||Rs.34,704|
|Rs. 50 lakhs||6.80% p.a.||30 Years||Rs.32,596|
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.
Additional Info: Looking for 30 Lakh Home Loan? Check EMI & Apply
|1||Rs. 52,778||Rs. 338,374||Rs. 4,947,222|
|2||Rs. 56,481||Rs. 334,671||Rs. 4,890,741|
|3||Rs. 60,442||Rs. 330,710||Rs. 4,830,299|
|4||Rs. 64,683||Rs. 326,469||Rs. 4,765,616|
|5||Rs. 69,221||Rs. 321,931||Rs. 4,696,395|
|6||Rs. 74,077||Rs. 317,075||Rs. 4,622,318|
|7||Rs. 79,274||Rs. 311,878||Rs. 4,543,044|
|8||Rs. 84,837||Rs. 306,315||Rs. 4,458,207|
|9||Rs. 90,788||Rs. 300,364||Rs. 4,367,419|
|10||Rs. 97,158||Rs. 293,994||Rs. 4,270,261|
|11||Rs. 103,974||Rs. 287,178||Rs. 4,166,287|
|12||Rs. 111,270||Rs. 279,882||Rs. 4,055,017|
|13||Rs. 119,076||Rs. 272,076||Rs. 3,935,941|
|14||Rs. 127,430||Rs. 263,722||Rs. 3,808,511|
|15||Rs. 136,372||Rs. 254,780||Rs. 3,672,139|
|16||Rs. 145,939||Rs. 245,213||Rs. 3,526,200|
|17||Rs. 156,180||Rs. 234,972||Rs. 3,370,020|
|18||Rs. 167,136||Rs. 224,016||Rs. 3,202,884|
|19||Rs. 178,862||Rs. 212,290||Rs. 3,024,022|
|20||Rs. 191,411||Rs. 199,741||Rs. 2,832,611|
|21||Rs. 204,842||Rs. 186,310||Rs. 2,627,769|
|22||Rs. 219,214||Rs. 171,938||Rs. 2,408,555|
|23||Rs. 234,593||Rs. 156,559||Rs. 2,173,962|
|24||Rs. 251,052||Rs. 140,100||Rs. 1,922,910|
|25||Rs. 268,665||Rs. 122,487||Rs. 1,654,245|
|26||Rs. 287,515||Rs. 103,637||Rs. 1,366,730|
|27||Rs. 307,686||Rs. 83,466||Rs. 1,059,044|
|28||Rs. 329,274||Rs. 61,878||Rs. 729,770|
|29||Rs. 352,375||Rs. 38,777||Rs. 377,395|
|30||Rs. 377,580||Rs. 14,054||Rs. 0|
Also, check AnyRoR Gujarat Land Record.
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.
Additional Info: Looking for 25 Lakh Home Loan? Check EMI & Apply.
|1||Rs. 78,876||Rs. 337,572||Rs. 4,921,124|
|2||Rs. 84,410||Rs. 332,038||Rs. 4,836,714|
|3||Rs. 90,333||Rs. 326,115||Rs. 4,746,381|
|4||Rs. 96,671||Rs. 319,777||Rs. 4,649,710|
|5||Rs. 103,455||Rs. 312,993||Rs. 4,546,255|
|6||Rs. 110,711||Rs. 305,737||Rs. 4,435,544|
|7||Rs. 118,477||Rs. 297,971||Rs. 4,317,067|
|8||Rs. 126,792||Rs. 289,656||Rs. 4,190,275|
|9||Rs. 135,686||Rs. 280,762||Rs. 4,054,589|
|10||Rs. 145,204||Rs. 271,244||Rs. 3,909,385|
|11||Rs. 155,393||Rs. 261,055||Rs. 3,753,992|
|12||Rs. 166,294||Rs. 250,154||Rs. 3,587,698|
|13||Rs. 177,962||Rs. 238,486||Rs. 3,409,736|
|14||Rs. 190,449||Rs. 225,999||Rs. 3,219,287|
|15||Rs. 203,811||Rs. 212,637||Rs. 3,015,476|
|16||Rs. 218,109||Rs. 198,339||Rs. 2,797,367|
|17||Rs. 233,412||Rs. 183,036||Rs. 2,563,955|
|18||Rs. 249,789||Rs. 166,659||Rs. 2,314,166|
|19||Rs. 267,316||Rs. 149,132||Rs. 2,046,850|
|20||Rs. 286,068||Rs. 130,380||Rs. 1,760,782|
|21||Rs. 306,139||Rs. 110,309||Rs. 1,454,643|
|22||Rs. 327,619||Rs. 88,829||Rs. 1,127,024|
|23||Rs. 350,605||Rs. 65,843||Rs. 776,419|
|24||Rs. 375,202||Rs. 41,246||Rs. 401,217|
|25||Rs. 401,411||Rs. 14,922||Rs. 0|
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.
Additional Info: Also check SBI Home Loan EMI Calculator
|1||Rs. 121,750||Rs. 336,254||Rs. 4,878,250|
|2||Rs. 130,293||Rs. 327,711||Rs. 4,747,957|
|3||Rs. 139,435||Rs. 318,569||Rs. 4,608,522|
|4||Rs. 149,218||Rs. 308,786||Rs. 4,459,304|
|5||Rs. 159,686||Rs. 298,318||Rs. 4,299,618|
|6||Rs. 170,890||Rs. 287,114||Rs. 4,128,728|
|7||Rs. 182,881||Rs. 275,123||Rs. 3,945,847|
|8||Rs. 195,711||Rs. 262,293||Rs. 3,750,136|
|9||Rs. 209,442||Rs. 248,562||Rs. 3,540,694|
|10||Rs. 224,137||Rs. 233,867||Rs. 3,316,557|
|11||Rs. 239,861||Rs. 218,143||Rs. 3,076,696|
|12||Rs. 256,690||Rs. 201,314||Rs. 2,820,006|
|13||Rs. 274,700||Rs. 183,304||Rs. 2,545,306|
|14||Rs. 293,973||Rs. 164,031||Rs. 2,251,333|
|15||Rs. 314,598||Rs. 143,406||Rs. 1,936,735|
|16||Rs. 336,670||Rs. 121,334||Rs. 1,600,065|
|17||Rs. 360,291||Rs. 97,713||Rs. 1,239,774|
|18||Rs. 385,571||Rs. 72,433||Rs. 854,203|
|19||Rs. 412,621||Rs. 45,383||Rs. 441,582|
|20||Rs. 441,797||Rs. 16,433||Rs. 0|
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.
Additional Info: Also check LRD Loan.
|Bank Name||Interest Rate|
|Citibank||Starting 6.50% p.a.|
|Kotak Mahindra Bank||6.55% p.a. - 7.20% p.a.|
|Union Bank of India||6.70% - 7.10% p.a.|
|HDFC Ltd||6.70% - 7.15% p.a.|
|ICICI Bank||6.70% - 7.55% p.a.|
|State Bank Of India||6.70% - 7.15% p.a.|
|Bank of India||6.50% - 8.85% p.a.|
|Bank of Baroda||6.50% - 8.10% p.a.|
|AXIS Bank||6.75% - 7.10% p.a.|
|Canara Bank||6.90% - 8.90% p.a.|
|PNB Home Loan||7.00% - 7.60% p.a.|
Additional Info: Check Banglarbhumi West Bengal Land Record in detail.
Top lenders offering Rs. 50 lakh home loan in India are:
|Kotak Mahindra Bank|
|Union Bank of India|
|State Bank Of India|
|Bank of India|
|Bank of Baroda|
|PNB Home Loan|
Additional Info: You can also avail Canfin 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:
Additional Info: Also check ICICI Home Loan EMI Calculator
|Eligibility Head||Eligibility Criteria|
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.|
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.|
Additional Info: You can also avail Bandhan Bank 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)|
Self-Employed (Professional and Non-Professional)
Additional Info: You can also check Best Home Loan Interest Rates
Rs. 50 lakh home loan EMI for 20 years @ rate of interest 6.80% p.a. is Rs.38,167.
Union Bank of India offers home loans at a rate of interest starting at 6.70% p.a. The Rs. 50 lakh home loan EMI for 30 years from Union Bank of India is Rs.32,596.
Rs. 50 lakh home loan EMI for 25 years @ rate of interest 6.80% p.a. is Rs.34,704.
ICICI Bank offers home loans at a rate of interest starting at 6.75% p.a. The Rs. 50 lakh home loan EMI for 30 years from IDFC First Bank is Rs. 32,430.
Citibank offers the lowest home loan interest rates starting at 6.50% p.a. Its Rs.50 lakh home loan EMI for 30 years is Rs. 31,603.