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 7.99% offered by Bajaj Finserv at a maximum tenure of 32 years, you can pay as low an EMI of Rs. 36,116. 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.
Home loan EMIs for loans of Rs. 50 lakh
Here are a few tables to offer insight into the EMIs payable for different conditions. You can also use our home loan calculator to calculate EMIs for different loan amounts with different tenors.
Condition 1: When the tenor varies for a loan amount of Rs. 50 lakhs availed at an interest rate of 7.99%* p.a.
Loan amount |
Interest rate |
Tenure |
EMI |
Total interest |
Total amount payable |
Rs. 50 lakh |
7.99%* p.a. |
10 years |
60,637 |
22,76,486 |
72,76,486 |
Rs. 50 lakh |
7.99%* p.a. |
15 years |
47,754 |
35,95,674 |
85,95,674 |
Rs. 50 lakh |
7.99%* p.a. |
20 years |
41,791 |
50,29,814 |
1,00,29,814 |
Rs. 50 lakh |
7.99%* p.a. |
25 years |
38,558 |
65,67,308 |
1,15,67,308 |
Rs. 50 lakh |
7.99%* p.a. |
30 years |
36,653 |
81,95,216 |
1,31,95,216 |
Rs.50 Lakh home loan eligibility and documents required
Criteria |
Salaried applicants |
Self-employed applicants |
Nationality |
Indian citizen residing in India |
|
Age |
Between 23 and 67 years |
Between 23 and 70 years |
Credit score |
CIBIL Score of 725 or higher |
|
Income |
Must have a steady source of income. Minimum income required varies based on city of residence. |
|
Work experience/ continuity |
At least 3 years of experience |
At least 5 years of business continuity |
If you fulfil the criteria above, here are the documents required for home loan application with Bajaj Finserv.
- KYC documents (identity and address proof)
- Proof of income (salary slips or P&L statement)
- Proof of business (for self-employed applicants), and
- Account statements for the last 6 months
Note: This is an indicative list that may change based on your actual loan application.
Rs. 50 lakh home loan EMI for 30 years
The table below illustrates the results you get when using our home loan EMI calculator for a Rs. 50 lakh home loan with an interest rate of 7.99%* p.a. for a tenure of 30 years:
Loan amount |
Rs. 50 lakh |
Interest rate |
7.99%* |
Loan tenure |
30 years |
Rs. 50 lakh home loan EMI for 30 years |
Rs. 36,653 |
Total interest payable |
Rs. 81,95,216 |
Total payable amount |
Rs. 1,31,95,216 |
*T&C apply
Rs. 50 lakh home loan EMI for 25 years
The table below illustrates the results you get when using our home loan EMI calculator for a Rs. 50 lakh home loan with an interest rate of *7.99%* p.a. for a tenure of 25 years:
Loan amount |
Rs. 50 lakh |
Interest rate |
7.99%* |
Loan tenure |
25 years |
Rs. 50 lakh home loan EMI for 25 years |
Rs. 38,558 |
Total interest payable |
Rs. 65,67,308 |
Total payable amount |
Rs. 1,15,67,308 |
*T&C apply
Rs. 50 lakh home loan EMI for 20 years
The table below illustrates the results you get when using our home loan EMI calculator for a Rs. 50 lakh home loan with an interest rate of 7.99%* p.a. for a tenure of 20 years:
Loan amount |
Rs. 50 lakh |
Interest rate |
7.99%* |
Loan tenure |
20 years |
Rs. 50 lakh home loan EMI for 20 years |
Rs. 41,791 |
Total interest payable |
Rs. 50,29,81 |
Total payable amount |
Rs. 1,00,29,814 |
*T&C apply
Rs. 50 lakh home loan EMI for 15 years
The table below illustrates the results you get when using our home loan EMI calculator for a Rs. 50 lakh home loan with an interest rate of 7.99%* p.a. for a tenure of 15 years:
Loan amount |
Rs. 50 lakh |
Interest rate |
7.99%* |
Loan tenure |
15 years |
Rs. 50 lakh home loan EMI for 15 years |
Rs. 47,754 |
Total interest payable |
Rs. 35,95,674 |
Total payable amount |
Rs. 85,95,674 |
*T&C apply
Rs. 50 lakh home loan EMI for 10 years
The table below illustrates the results you get when using our home loan EMI calculator for a Rs. 50 lakh home loan with an interest rate of 7.99%* p.a. for a tenure of 10 years:
Loan amount |
Rs. 50 lakh |
Interest rate |
7.99%* |
Loan tenure |
10 years |
Rs. 50 lakh home loan EMI for 10 years |
Rs. 60,637 |
Total interest payable |
Rs. 22,76,486 |
Total payable amount |
Rs. 72,76,486 |
*T&C apply
Rs. 50 lakh home loan EMI for 5 years
The table below illustrates the results you get when using our home loan EMI calculator for a Rs. 50 lakh home loan with an interest rate of 7.99%* p.a. for a tenure of 5 years:
Loan amount |
Rs. 50 lakh |
Interest rate |
7.99%* |
Loan tenure |
5 years |
Rs. 50 lakh home loan EMI for 5 years |
Rs. 1,01,358 |
Total interest payable |
Rs. 10,81,483 |
Total payable amount |
Rs. 60,81,483 |
*T&C apply
Check your loan offers today. You might be eligible for competitive interest rates as low as 7.49%* p.a – find out by entering your mobile number and verifying it with an OTP.
How to apply Rs. 50 lakh home loan
Applying for a home loan from Bajaj Finserv is an effortless online process. Check your eligibility today by entering your mobile phone number and verifying it with an OTP.
- 1 Click on the 'APPLY' button on this page.
- 2 Enter your full name, mobile number, and employment type.
- 3 Now select the type of loan you wish to apply for.
- 4 Generate and submit your OTP to verify your phone number.
- 5 Upon OTP verification, enter additional details like your monthly income, required loan amount, and if you have identified the property.
- 6 In the next steps, enter your date of birth, PAN number and other details as requested depending on your selected occupation type.
- 7 Click on the ‘SUBMIT’ button.
That is it! Your application is submitted. Our representative will connect with you and guide you through the next steps.
Interest rates and charges
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*Conditions apply
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Frequently Asked Questions
Eligibility for a Rs. 50 lakh home loan typically depends on factors like income, credit score, employment stability, and existing debts. Generally, salaried individuals earning above Rs. 30,000 per month and self-employed individuals with a steady income may qualify, ensuring they can manage the EMI comfortably.
Getting a Rs. 50 lakh home loan with a Rs. 20,000 salary is challenging. Lenders typically require a higher income to sanction such a loan. Your eligibility depends on factors like your credit score, existing financial obligations, and the loan tenure. Consider using a home loan eligibility calculator to assess your chances.
The maximum salary required for a Rs. 50 lakh home loan depends on various factors like interest rates, loan tenure, and existing liabilities. Generally, lenders may require a monthly salary of at least Rs. 80,000 to Rs. 1,00,000 for eligibility. A higher salary increases loan approval chances and EMI affordability.
The EMI for a Rs. 50 lakh home loan for 20 years at an interest rate of 8.25% p.a. is approximately Rs. 42,603 per month, totaling Rs. 1,02,24,788 including interest.
The maximum repayment tenure for a Rs. 50 lakh home loan with Bajaj Housing Finance can go up to 32 years, depending on eligibility and loan terms.
Yes, you can get a home loan of Rs. 50 lakh from Bajaj Housing Finance, subject to eligibility criteria like income, credit score, and repayment capacity. You might already be eligible – check your loan offers by entering your mobile number and OTP.
The EMI for a Rs. 50 lakh home loan varies with tenure and interest rate; at 8.25% p.a. for 20 years, it is about Rs. 42,603 monthly.
An ideal loan tenure for a Rs. 50 lakh home loan to have a manageable EMI is typically between 15 to 20 years, balancing interest cost and monthly affordability. You can get personalised suggestions from a Bajaj Finserv representative to make an informed decision that works for you. Check your eligibility today by sharing your mobile number and OTP.
It is possible to get a Rs. 50 lakh home loan with a low credit score, but approval chances and interest rates may be less favorable; improving credit score is advisable.
For a property worth Rs. 50 lakh, the typical down payment is around 20%, which comes to Rs. 10 lakh. This is the amount you’ll need to pay upfront, while the remaining Rs. 40 lakh can be borrowed through a home loan from trusted lenders like Bajaj Finserv. You might already be eligible for a substantial amount. Check your loan offers by entering your mobile number and verifying it with an OTP.
