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50 Lakh Home Loan EMI Interest Rate 2022

Updated on: 08 Dec 2022 // 24 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.

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 AmountRate of InterestRepayment TermEMI per month
Rs. 50 lakhs7.90% p.a.10 YearsRs. 60,400/-
Rs. 50 lakhs7.90% p.a.15 YearsRs. 47,494/-
Rs. 50 lakhs7.90% p.a.20 YearsRs. 41,511/-
Rs. 50 lakhs7.90% p.a.25 YearsRs. 38,260/-
Rs. 50 lakhs7.90% p.a.30 YearsRs. 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
YearInterestPrincipalBalance
13,93,47942,60449,57,396
23,89,98946,09449,11,302
33,86,21349,87048,61,432
43,82,12753,95648,07,475
53,77,70758,37647,49,099
63,72,92463,15946,85,940
73,67,75068,33346,17,607
83,62,15273,93145,43,675
93,56,09579,98844,63,687
103,49,54286,54143,77,146
113,42,45393,63042,83,516
123,34,7821,01,30141,82,214
133,26,4831,09,60040,72,614
143,17,5041,18,57939,54,035
153,07,7901,28,29338,25,742
162,97,2791,38,80436,86,937
172,85,9081,50,17535,36,762
182,73,6051,62,47833,74,284
192,60,2941,75,78931,98,495
202,45,8931,90,19030,08,304
212,30,3112,05,77228,02,532
222,13,4542,22,62925,79,903
231,95,2152,40,86823,39,035
241,75,4822,60,60120,78,433
251,54,1322,81,95117,96,482
261,31,0343,05,04914,91,433
271,06,0433,30,04011,61,393
2879,0053,57,0788,04,314
2949,7513,86,3324,17,982
3018,10150,00,0000

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 
YearInterestPrincipalBalance
13,92,62766,49549,33,505
23,87,17871,94448,61,561
33,81,28577,83747,83,724
43,74,90884,21446,99,510
53,68,00991,11346,08,397
63,60,54598,57745,09,820
73,52,4691,06,65344,03,167
83,43,7321,15,39042,87,776
93,34,2781,24,84441,62,932
103,24,0511,35,07140,27,861
113,12,9851,46,13738,81,724
123,01,0131,58,10937,23,615
132,88,0601,71,06235,52,553
142,74,0461,85,07633,67,477
152,58,8832,00,23931,67,238
162,42,4792,16,64329,50,595
172,24,7312,34,39127,16,204
182,05,5282,53,59424,62,610
191,84,7532,74,36921,88,241
201,62,2762,96,84618,91,394
211,37,9573,21,16515,70,229
221,11,6453,47,47712,22,752
2383,1793,75,9438,46,809
2452,3804,06,7424,40,067
2519,05850,00,0000

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
YearInterestPrincipalBalance
13,91,1821,06,95448,93,046
23,82,4211,15,71547,77,331
33,72,9401,25,19646,52,134
43,62,6841,35,45245,16,682
53,51,5871,46,54943,70,133
63,39,5811,58,55542,11,577
73,26,5921,71,54440,40,033
83,12,5381,85,59838,54,434
92,97,3332,00,80336,53,631
102,80,8822,17,25434,36,377
112,63,0842,35,05232,01,324
122,43,8272,54,30929,47,015
132,22,9932,75,14326,71,872
142,00,4522,97,68423,74,187
151,76,0653,22,07120,52,116
161,49,6803,48,45617,03,660
171,21,1333,77,00313,26,656
1890,2474,07,8899,18,767
1956,8314,41,3054,77,462
2020,67750,00,0000

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 NameInterest Rate
CitibankStarting 7.40% p.a. 
Kotak Mahindra Bank8.49%  - 9.10% p.a. 
Union Bank of India8.60% - 13.25% p.a.
HDFC Ltd8.60% - 9.50% p.a.
ICICI Bank8.60% - 9.60% p.a.
State Bank Of India8.55% - 9.55% p.a.
Bank of India8.30% - 10.25% p.a.
Bank of Baroda8.45% - 10.20% p.a.
AXIS Bank8.60% - 9.05% p.a.
Canara Bank8.60% - 12.85% p.a.
PNB Home Loan8.40% - 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 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.

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

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.

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