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50 Lakh Home Loan EMI Interest Rate 2022

Updated on: 14 Jun 2022 // 30 min read // Home Loans
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50 Lakh Home Loan EMI Interest Rate 2022

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

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.

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Additional Info: Looking for 1 Crore Home Loan? Check EMI & Apply

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 AmountRate of InterestRepayment TermEMI per month
Rs. 50 lakhs6.80% p.a.10 YearsRs. 57,540
Rs. 50 lakhs6.80% p.a.15 YearsRs. 44,384
Rs. 50 lakhs6.80% p.a.20 YearsRs.38,167
Rs. 50 lakhs6.80% p.a.25 YearsRs.34,704
Rs. 50 lakhs6.80% p.a.30 YearsRs.32,596

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.

Additional Info: Looking for 30 Lakh Home Loan? Check EMI & Apply

  • Loan Amount – Rs. 50,00,000
  • Rate of Interest – 6.80% p.a.
  • EMI value – Rs. 32,596
  • Total Interest – Rs. 67,34,653
  • Total Repayment – Rs. 1,17,34,653
YearPrincipalInterestBalance Principal
1Rs. 52,778Rs. 338,374Rs. 4,947,222
2Rs. 56,481Rs. 334,671Rs. 4,890,741
3Rs. 60,442Rs. 330,710Rs. 4,830,299
4Rs. 64,683Rs. 326,469Rs. 4,765,616
5Rs. 69,221Rs. 321,931Rs. 4,696,395
6Rs. 74,077Rs. 317,075Rs. 4,622,318
7Rs. 79,274Rs. 311,878Rs. 4,543,044
8Rs. 84,837Rs. 306,315Rs. 4,458,207
9Rs. 90,788Rs. 300,364Rs. 4,367,419
10Rs. 97,158Rs. 293,994Rs. 4,270,261
11Rs. 103,974Rs. 287,178Rs. 4,166,287
12Rs. 111,270Rs. 279,882Rs. 4,055,017
13Rs. 119,076Rs. 272,076Rs. 3,935,941
14Rs. 127,430Rs. 263,722Rs. 3,808,511
15Rs. 136,372Rs. 254,780Rs. 3,672,139
16Rs. 145,939Rs. 245,213Rs. 3,526,200
17Rs. 156,180Rs. 234,972Rs. 3,370,020
18Rs. 167,136Rs. 224,016Rs. 3,202,884
19Rs. 178,862Rs. 212,290Rs. 3,024,022
20Rs. 191,411Rs. 199,741Rs. 2,832,611
21Rs. 204,842Rs. 186,310Rs. 2,627,769
22Rs. 219,214Rs. 171,938Rs. 2,408,555
23Rs. 234,593Rs. 156,559Rs. 2,173,962
24Rs. 251,052Rs. 140,100Rs. 1,922,910
25Rs. 268,665Rs. 122,487Rs. 1,654,245
26Rs. 287,515Rs. 103,637Rs. 1,366,730
27Rs. 307,686Rs. 83,466Rs. 1,059,044
28Rs. 329,274Rs. 61,878Rs. 729,770
29Rs. 352,375Rs. 38,777Rs. 377,395
30Rs. 377,580Rs. 14,054Rs. 0
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Additional Info: Looking for 75 Lakh Home Loan? Check EMI & Apply

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.

Additional Info: Looking for 25 Lakh Home Loan? Check EMI & Apply.

  • Loan Amount – Rs. 50,00,000
  • Rate of Interest – 6.80% p.a.
  • EMI value – Rs. 34,704
  • Total Interest – Rs. 54,11,802
  • Total Repayment – Rs. 1,04,11,802
YearPrincipalInterestBalance Principal
1Rs. 78,876Rs. 337,572Rs. 4,921,124
2Rs. 84,410Rs. 332,038Rs. 4,836,714
3Rs. 90,333Rs. 326,115Rs. 4,746,381
4Rs. 96,671Rs. 319,777Rs. 4,649,710
5Rs. 103,455Rs. 312,993Rs. 4,546,255
6Rs. 110,711Rs. 305,737Rs. 4,435,544
7Rs. 118,477Rs. 297,971Rs. 4,317,067
8Rs. 126,792Rs. 289,656Rs. 4,190,275
9Rs. 135,686Rs. 280,762Rs. 4,054,589
10Rs. 145,204Rs. 271,244Rs. 3,909,385
11Rs. 155,393Rs. 261,055Rs. 3,753,992
12Rs. 166,294Rs. 250,154Rs. 3,587,698
13Rs. 177,962Rs. 238,486Rs. 3,409,736
14Rs. 190,449Rs. 225,999Rs. 3,219,287
15Rs. 203,811Rs. 212,637Rs. 3,015,476
16Rs. 218,109Rs. 198,339Rs. 2,797,367
17Rs. 233,412Rs. 183,036Rs. 2,563,955
18Rs. 249,789Rs. 166,659Rs. 2,314,166
19Rs. 267,316Rs. 149,132Rs. 2,046,850
20Rs. 286,068Rs. 130,380Rs. 1,760,782
21Rs. 306,139Rs. 110,309Rs. 1,454,643
22Rs. 327,619Rs. 88,829Rs. 1,127,024
23Rs. 350,605Rs. 65,843Rs. 776,419
24Rs. 375,202Rs. 41,246Rs. 401,217
25Rs. 401,411Rs. 14,922Rs. 0

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.

Additional Info: Also check SBI Home Loan EMI Calculator

  • Loan Amount – Rs. 50,00,000
  • Rate of Interest – 6.80% p.a.
  • EMI value – Rs. 38,167
  • Total Interest – Rs. 41,60,074
  • Total Repayment – Rs. 91,60,074
YearPrincipalInterestBalance Principal
1Rs. 121,750Rs. 336,254Rs. 4,878,250
2Rs. 130,293Rs. 327,711Rs. 4,747,957
3Rs. 139,435Rs. 318,569Rs. 4,608,522
4Rs. 149,218Rs. 308,786Rs. 4,459,304
5Rs. 159,686Rs. 298,318Rs. 4,299,618
6Rs. 170,890Rs. 287,114Rs. 4,128,728
7Rs. 182,881Rs. 275,123Rs. 3,945,847
8Rs. 195,711Rs. 262,293Rs. 3,750,136
9Rs. 209,442Rs. 248,562Rs. 3,540,694
10Rs. 224,137Rs. 233,867Rs. 3,316,557
11Rs. 239,861Rs. 218,143Rs. 3,076,696
12Rs. 256,690Rs. 201,314Rs. 2,820,006
13Rs. 274,700Rs. 183,304Rs. 2,545,306
14Rs. 293,973Rs. 164,031Rs. 2,251,333
15Rs. 314,598Rs. 143,406Rs. 1,936,735
16Rs. 336,670Rs. 121,334Rs. 1,600,065
17Rs. 360,291Rs. 97,713Rs. 1,239,774
18Rs. 385,571Rs. 72,433Rs. 854,203
19Rs. 412,621Rs. 45,383Rs. 441,582
20Rs. 441,797Rs. 16,433Rs. 0

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.

HDFC Home Loan Online

Additional Info: Also check LRD Loan.

Bank NameInterest Rate
CitibankStarting 6.50% p.a. 
Kotak Mahindra Bank7.00% p.a.  - 7.60% p.a. 
Union Bank of India6.90% - 8.60% p.a.
HDFC Ltd6.90% - 7.70% p.a.
ICICI Bank7.10% - 7.95% p.a.
State Bank Of India7.05% - 7.65% p.a.
Bank of India6.90% - 8.75% p.a.
Bank of Baroda6.90% - 8.25% p.a.
AXIS Bank7.00% - 7.35% p.a.
Canara Bank7.05% - 9.30% p.a.
PNB Home Loan7.15% - 8.20% p.a.

Additional Info: Check Banglarbhumi West Bengal Land Record in detail.

Popular Banks Providing 50 Lakh Home Loan

Top lenders offering Rs. 50 lakh home loan in India are:

Bank Name
Citibank
Kotak Mahindra Bank
Corporation Bank
Union Bank of India
HDFC Ltd
ICICI Bank
State Bank Of India
Bank of India
Bank of Baroda
AXIS Bank
Canara Bank
PNB Home Loan

Additional Info: You can also avail Canfin Home Loan

Eligibility Criteria

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:

PNB Housing Home Loan

Additional Info: Also check ICICI Home Loan EMI Calculator

Eligibility HeadEligibility 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 ProfileThe home loan applicant can either be a salaried individual, a self-employed professional, or a self-employed non-professional.
IncomeThe 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 StatusThe home loan applicant can be either an Indian citizen or a Non-Resident Indian.
Credit ScoreA good credit score is a must for home loan approval. A credit score of 650 points or above is preferred.
Debt-Income RatioThe 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 Required

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:

Additional Info: Looking for 35 Lakh Home Loan? Check EMI & Apply

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

  • 3 months salary slips
  • Appointment letter
  • Increment letter
  • Last Form No. 16
  • Bank account statement of the salary account
  • Processing fee cheque issued from the salary account

 Self-Employed (Professional and Non-Professional)

  • 2 years IT returns
  • Business profile on letterhead
  • Business registration certificate
  • Last 6 months operative current account bank account statement Processing fee cheque issued from the business account

Additional Info: You can also check Best Home Loan Interest Rates

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 6.80% p.a. is Rs.38,167.

 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 6.90% p.a. The Rs. 50 lakh home loan EMI for 30 years from Union Bank of India is Rs.32,930.

 What will be the  50 lakh home loan EMI for 25 years?

Rs. 50 lakh home loan EMI for 25 years @ rate of interest 6.80% p.a. is Rs.34,704.

  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 7.10% p.a. The Rs. 50 lakh home loan EMI for 30 years from IDFC First Bank is Rs. 33,602.

  Which bank has the lowest Rs.50 lakh home loan EMI for 30 years?

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.

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