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50 Lakh Home Loan EMI Interest Rate 2022
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.
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 @ 7.90% per annum.
| Loan Amount | Rate of Interest | Repayment Term | EMI per month |
|---|---|---|---|
| Rs. 50 lakhs | 7.90% p.a. | 10 Years | Rs. 60,400/- |
| Rs. 50 lakhs | 7.90% p.a. | 15 Years | Rs. 47,494/- |
| Rs. 50 lakhs | 7.90% p.a. | 20 Years | Rs. 41,511/- |
| Rs. 50 lakhs | 7.90% p.a. | 25 Years | Rs. 38,260/- |
| Rs. 50 lakhs | 7.90% p.a. | 30 Years | Rs. 36,340/- |
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 – 7.90% p.a.
- EMI value – Rs. 36,340
- Total Interest – Rs. 80,82,497
- Total Repayment – Rs. 1,30,82,497
| Year | Interest | Principal | Balance |
| 1 | 3,93,479 | 42,604 | 49,57,396 |
| 2 | 3,89,989 | 46,094 | 49,11,302 |
| 3 | 3,86,213 | 49,870 | 48,61,432 |
| 4 | 3,82,127 | 53,956 | 48,07,475 |
| 5 | 3,77,707 | 58,376 | 47,49,099 |
| 6 | 3,72,924 | 63,159 | 46,85,940 |
| 7 | 3,67,750 | 68,333 | 46,17,607 |
| 8 | 3,62,152 | 73,931 | 45,43,675 |
| 9 | 3,56,095 | 79,988 | 44,63,687 |
| 10 | 3,49,542 | 86,541 | 43,77,146 |
| 11 | 3,42,453 | 93,630 | 42,83,516 |
| 12 | 3,34,782 | 1,01,301 | 41,82,214 |
| 13 | 3,26,483 | 1,09,600 | 40,72,614 |
| 14 | 3,17,504 | 1,18,579 | 39,54,035 |
| 15 | 3,07,790 | 1,28,293 | 38,25,742 |
| 16 | 2,97,279 | 1,38,804 | 36,86,937 |
| 17 | 2,85,908 | 1,50,175 | 35,36,762 |
| 18 | 2,73,605 | 1,62,478 | 33,74,284 |
| 19 | 2,60,294 | 1,75,789 | 31,98,495 |
| 20 | 2,45,893 | 1,90,190 | 30,08,304 |
| 21 | 2,30,311 | 2,05,772 | 28,02,532 |
| 22 | 2,13,454 | 2,22,629 | 25,79,903 |
| 23 | 1,95,215 | 2,40,868 | 23,39,035 |
| 24 | 1,75,482 | 2,60,601 | 20,78,433 |
| 25 | 1,54,132 | 2,81,951 | 17,96,482 |
| 26 | 1,31,034 | 3,05,049 | 14,91,433 |
| 27 | 1,06,043 | 3,30,040 | 11,61,393 |
| 28 | 79,005 | 3,57,078 | 8,04,314 |
| 29 | 49,751 | 3,86,332 | 4,17,982 |
| 30 | 18,101 | 50,00,000 | 0 |
Tip: Check Credit Score before applying for a loan
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 – 7.90% p.a.
- EMI value – Rs. 38,260
- Total Interest – Rs. 64,78,052
- Total Repayment – Rs. 1,14,78,052
| Year | Interest | Principal | Balance |
| 1 | 3,92,627 | 66,495 | 49,33,505 |
| 2 | 3,87,178 | 71,944 | 48,61,561 |
| 3 | 3,81,285 | 77,837 | 47,83,724 |
| 4 | 3,74,908 | 84,214 | 46,99,510 |
| 5 | 3,68,009 | 91,113 | 46,08,397 |
| 6 | 3,60,545 | 98,577 | 45,09,820 |
| 7 | 3,52,469 | 1,06,653 | 44,03,167 |
| 8 | 3,43,732 | 1,15,390 | 42,87,776 |
| 9 | 3,34,278 | 1,24,844 | 41,62,932 |
| 10 | 3,24,051 | 1,35,071 | 40,27,861 |
| 11 | 3,12,985 | 1,46,137 | 38,81,724 |
| 12 | 3,01,013 | 1,58,109 | 37,23,615 |
| 13 | 2,88,060 | 1,71,062 | 35,52,553 |
| 14 | 2,74,046 | 1,85,076 | 33,67,477 |
| 15 | 2,58,883 | 2,00,239 | 31,67,238 |
| 16 | 2,42,479 | 2,16,643 | 29,50,595 |
| 17 | 2,24,731 | 2,34,391 | 27,16,204 |
| 18 | 2,05,528 | 2,53,594 | 24,62,610 |
| 19 | 1,84,753 | 2,74,369 | 21,88,241 |
| 20 | 1,62,276 | 2,96,846 | 18,91,394 |
| 21 | 1,37,957 | 3,21,165 | 15,70,229 |
| 22 | 1,11,645 | 3,47,477 | 12,22,752 |
| 23 | 83,179 | 3,75,943 | 8,46,809 |
| 24 | 52,380 | 4,06,742 | 4,40,067 |
| 25 | 19,058 | 50,00,000 | 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 – 7.90% p.a.
- EMI value – Rs. 41,511
- Total Interest – Rs. 49,62,727
- Total Repayment – Rs. 99,62,727
| Year | Interest | Principal | Balance |
| 1 | 3,91,182 | 1,06,954 | 48,93,046 |
| 2 | 3,82,421 | 1,15,715 | 47,77,331 |
| 3 | 3,72,940 | 1,25,196 | 46,52,134 |
| 4 | 3,62,684 | 1,35,452 | 45,16,682 |
| 5 | 3,51,587 | 1,46,549 | 43,70,133 |
| 6 | 3,39,581 | 1,58,555 | 42,11,577 |
| 7 | 3,26,592 | 1,71,544 | 40,40,033 |
| 8 | 3,12,538 | 1,85,598 | 38,54,434 |
| 9 | 2,97,333 | 2,00,803 | 36,53,631 |
| 10 | 2,80,882 | 2,17,254 | 34,36,377 |
| 11 | 2,63,084 | 2,35,052 | 32,01,324 |
| 12 | 2,43,827 | 2,54,309 | 29,47,015 |
| 13 | 2,22,993 | 2,75,143 | 26,71,872 |
| 14 | 2,00,452 | 2,97,684 | 23,74,187 |
| 15 | 1,76,065 | 3,22,071 | 20,52,116 |
| 16 | 1,49,680 | 3,48,456 | 17,03,660 |
| 17 | 1,21,133 | 3,77,003 | 13,26,656 |
| 18 | 90,247 | 4,07,889 | 9,18,767 |
| 19 | 56,831 | 4,41,305 | 4,77,462 |
| 20 | 20,677 | 50,00,000 | 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.
| Bank Name | Interest Rate |
| Citibank | Starting 7.40% p.a. |
| Kotak Mahindra Bank | 8.49% - 9.10% p.a. |
| Union Bank of India | 8.60% - 13.25% p.a. |
| HDFC Ltd | 8.60% - 9.50% p.a. |
| ICICI Bank | 8.60% - 9.60% p.a. |
| State Bank Of India | 8.55% - 9.55% p.a. |
| Bank of India | 8.30% - 10.25% p.a. |
| Bank of Baroda | 8.45% - 10.20% p.a. |
| AXIS Bank | 8.60% - 9.05% p.a. |
| Canara Bank | 8.60% - 12.85% p.a. |
| PNB Home Loan | 8.40% - 9.85% p.a. |
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 Reading:Minimum CIBIL Score for 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:
| 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
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
Self-Employed (Professional and Non-Professional)
|
You can also Check Loan Against Property without Income Proof and ITR
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 7.90% p.a. is Rs.41,511.
✅ 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 8.60% p.a. The Rs. 50 lakh home loan EMI for 30 years from Union Bank of India is Rs. 36,340.
✅ What will be the 50 lakh home loan EMI for 25 years?
Rs. 50 lakh home loan EMI for 25 years @ rate of interest 7.90% p.a. is Rs. 38,801.
✅ 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 8.60% p.a. The Rs. 50 lakh home loan EMI for 30 years from ICICI Bank is Rs. 36,340.
✅ Which bank has the lowest Rs.50 lakh home loan EMI for 30 years?
Citibank offers the lowest home loan interest rates starting at 7.40% p.a. Its Rs. 50 lakh home loan EMI for 30 years is Rs. 34,619.
