If you're thinking about taking a home loan of Rs. 50 lakh to buy a new house, it's important to understand how repayment works. Knowing your EMI (Equated Monthly Instalment) in advance can help you plan your monthly expenses better and manage your finances more easily. The EMI amount depends on the interest rate and the repayment period you choose. To make things simpler, you can use an EMI calculator to find out how much you’ll need to pay every month based on your loan amount and tenure. In this blog, we’ll explore what your EMI could look like for a Rs. 50 lakh Home Loan over different repayment periods and at varying interest rates, helping you plan wisely.
Know Rs. 50 lakh home loan EMI and interest rates
Planning to buy a home and want Rs. 50 lakh as a home loan? Know EMI calculations for different tenures. For example, with the competitive interest rate of 7.45%* p.a offered by Bajaj Finserv at a maximum tenure of 32 years, you can pay as low an EMI of Rs. 34,219. You might already be eligible – check your loan offer today by sharing your mobile number and OTP.
This tailored housing loan from Bajaj Finserv, is ideal for borrowers looking to purchase a home. It comes with a competitive interest rate and has lengthy repayment terms that go up to 32 years. This helps you keep your EMIs affordable while ensuring the cost of borrowing isn’t high.
Our home loan has many benefits, one of which is that it offers the property dossier, which can be immensely helpful to both first-time home buyers and those with prior experience.
What’s more, it comes with the home loan EMI calculator. This tool is easy to use, offers quick results, and is always accurate. It helps you plan the loan in a more efficient manner. Use it to make crucial financial decisions based on accurate calculations.
