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50 Lakh Home Loan

Usually all lenders offer home loans for loan amount of Rs. 50 lakh for purchase or construction of house/flat, home improvement, etc. The interest rates offered for such high loan amounts largely depend on the credit profile of the applicant. Applicants can use the home loan EMI calculator to evaluate the total interest cost and manage the EMIs as per the budget.
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Starting 7.10% p.a.

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HDFC Bank
Min Loan Amt. ₹15L
Rate of Interest7.2% - 13.2%
Tenure uptoUpto 30 Years
Processing Fee₹ 10,000
ICICI Bank
Min Loan Amt. ₹15L
Rate of Interest7.65% - 9.80%
Tenure uptoUpto 30 Years
Processing Fee₹ 10,000
Axis Bank
Min Loan Amt. ₹30L
Rate of Interest8.35% - 11.90%
Tenure uptoUpto 30 Years
Processing Fee₹ 14,000
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Easy & Transparent Borrowing Process

How Can I Apply for a Home Loan Online?

Get up to ₹5 Crore in 5 Simple Steps

Step 1: Enter your mobile number in the application form.

Step 2: Verify using the OTP sent to your mobile number.

Step 3: Enter details related to your loan requirements.

Step 4: Provide your personal and employment details.

Step 5: Compare offers and apply for the best-suited loan.

Home Loan of Rs. 50 Lakh - Highlights

Loan Amount Rs. 50 lakh
Interest Rate 7.10% p.a. onwards
Tenure Up to 30 years
Processing Fee Varies according to the lender
Best for Home purchase/construction/renovation/extension/improvement

EMI for Home Loan of Rs. 50 lakh

EMI for 50 Lakh Home Loan for 10 years

Lender’s Name Interest Rate (% p.a.) EMI (Rs.)
SBI 7.25 onwards 58,701
HDFC 7.20 onwards 58,571
ICICI Bank 7.65 onwards 59,743
Bank of Maharashtra 7.10 onwards 58,312
Union Bank of India 7.15 onwards 58,442

EMI for 20 Lakh Home Loan for 20 years

Lender’s Name Interest Rate (% p.a.) EMI (Rs.)
SBI 7.25 onwards 39,519
HDFC 7.20 onwards 39,367
ICICI Bank 7.65 onwards 40,739
Bank of Maharashtra 7.10 onwards 39,066
Union Bank of India 7.15 onwards 39,216

Impact of EMI on Interest Rate and Loan Tenure

  • Interest Rate- EMI and interest rate are directly related to each other. Higher the interest rate higher will be the EMI and total interest cost and vice-versa.
  • Loan Tenure- Longer the tenure lower will be the EMI and vice versa. However, the total interest cost incurred in such cases will be high.

Comparison Table of Top Lenders Offering Home Loan of Rs. 50 Lakh

Name of Lender Interest Rates
Axis Bank 8.35% p.a.
Bajaj Housing Finance 7.15% p.a.
Bank of India 7.10% p.a.
Canara Bank 7.15% p.a.
Easy Home Finance 8.99% p.a.
Federal Bank 8.75% p.a.
Godrej Housing Finance 7.75% p.a.
HDFC Bank 7.20%* p.a.
HDFC Sales Pvt. Ltd. 7.20%* p.a.
Home First Finance 8.00% p.a.
ICICI Bank 7.65% p.a.
IDBI Bank 7.35% p.a.
IDFC FIRST Bank 8.85% p.a.
India Shelter Home Loan 8.43% p.a.
Jio Housing Finance 8.20% p.a.
L&T Finance Limited 7.65%* p.a.
Piramal Capital Housing Finance 9.99% p.a.
PNB Housing Finance 7.70%* p.a.
Punjab & Sind Bank 7.30% p.a.
Punjab National Bank 7.20% p.a.
RBL Bank 8.20% p.a.
Sammaan Capital (Formerly known as Indiabulls Housing Finance) 8.75% p.a.
Shubham Housing Finance 10.45% p.a.
State Bank of India 7.25% p.a.
Tata Capital Housing Finance 7.75% p.a.

*when applied through Paisabazaar

Last Updated on 19th January 2026

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Factors Affecting Home Loan Interest Rates

  • Credit Score: Applicants having an excellent credit score have higher chances of availing home loans at lower interest rates. Lenders usually consider applicants having a credit score of 750 and above.
  • Income Stability: A stable income is seen as low credit risk by the lenders. Therefore, applicants having a stable income are offered lower interest rates.
  • Employment Type: Salaried individuals are usually offered lower interest rates as compared to self-employed applicants because of their stable job and consistent income.
  • Property Type: Ready-to-move-in properties get lower interest rates as compared to under construction properties due to low risk involved.
  • LTV Ratio: If you make a higher down payment (lower LTV ratio), you may avail a lower interest rate, and vice-versa.
  • Existing Relationship with the Lender: Existing customers of banks and HFCs having a strong credit profile are eligible for pre-approved home loans and are usually offered preferential interest rates.

Eligibility of Home Loan of Rs. 50 Lakh

  • The age of the applicants should be between 21 to 70 years.
  • Salaried and self-employed individuals are eligible for home loans of Rs. 50 lakh.
  • The EMI/NMI ratio should be within 50-55%, including the existing EMIs and EMI of the proposed home loans.
  • Applicants having a credit score of 750 and above usually have higher chances of availing home loans at lower interest rates.

Documents Required for Availing Home Loan of Rs. 50 Lakh

  • ID Proof- PAN card, Aadhaar card, passport, driving license, passport, voter ID
  • Address Proof- Aadhaar card, PAN card, driving license, voter ID, utility bills
  • Income Proof- Salary slips, Form 16, ITR (salaried); Business proof, balance sheet, P&L statement (self-employed)
  • Property documents

Home Loan Balance Transfer of Rs. 50 Lakh Home Loan

Existing home loan borrowers can transfer their home loan accounts to other lenders offering lower interest rates. Even a slight reduction in interest rate can help you save substantially in the total borrowing cost. Borrowers can compare home loan interest rates and other offers of multiple lenders on Paisabazaar and opt for the one best suiting their requirements. Transferring the home loan to a lower interest rate reduces the EMI and overall interest cost provided the loan amount and tenure remains the same.

For eg.,

Existing Interest Rate 7.25% p.a.
Loan Amount Rs. 50 lakh
Tenure 30 years
Existing EMI Rs. 34,109
Existing Interest Cost Rs. 72,79,173
New Interest Rate 7.10% p.a.
New EMI Rs. 33,602
New Interest Cost Rs. 70,96,575
Overall Saving on Total Interest Cost Rs. 1,82,598

When Should you Opt for a Home Loan Balance Transfer

  • Your current interest rate is higher than market rates.
  • You have an improved credit score and want to lower your EMI burden.
  • There is enough time remaining to save on interest cost.
  • Another lender offers better terms than the existing one.

Tax Benefits on Home Loan of Rs. 50 Lakh

  • Tax benefit on interest paid under Section 24(b) - Deduction of up to Rs. 1.5 lakh per year
  • Tax benefit on principal repayment under Section 80C - Up to Rs. 2 lakh per year for a self-occupied property

How Can I Apply for a Home Loan Online?

Get up to ₹5 Crore in 5 Simple Steps

Step 1: Enter your mobile number in the application form.

Step 2: Verify using the OTP sent to your mobile number.

Step 3: Enter details related to your loan requirements.

Step 4: Provide your personal and employment details.

Step 5: Compare offers and apply for the best-suited loan.

Explore Our Home Loan Lenders

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FAQs

Lenders usually consider applicants EMI/NMI ratio of the applicants below 55%, including the existing EMIs and EMI of the proposed home loan.

Lenders usually offer home loan interest rates starting from 7.10% p.onwards for loan amount of Rs. 50 lakh depending on the credit profile of the applicant.

Usually applicants having a CIBIL score of 750 and above are eligible for availing home loans at lower interest rates. However, applicants having a low CIBIL score can also avail home loans but at very high interest rates and stricter loan terms.

Lenders usually offer home loans for tenure of up to 30 years. However, this might vary from lender to lender.

Yes, a joint application is beneficial for a borrower availing home loan of Rs. 50 lakh. A joint application enhances the eligibility of the primary applicant and increases the chances of loan approval. The combined income of the joint applicants helps them to qualify for a higher loan amount. Also, both the borrowers can enjoy tax benefits individually, with a maximum saving of up to Rs. 7 lakhs on principal and interest repayments.

In order to reduce your EMI one must opt for a lower interest rate, longer tenure, home loan balance transfer and make part-prepayments whenever you have surplus funds. You can also negotiate with the lender for a lower interest rate if you have an improved credit score.

Yes, you can transfer Rs. 50 lakh home loan to another lender provided the lender offers lower interest rates and better terms and offers as compared to the existing one.

Yes, you can prepay your home loan without any charges only if the home loan is offered at floating rates.

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Mujhe home loan chahiye tha aur yahaan par sahayta kiya inhone aur loan mila. Pehla loan tha mera lekin sab ache se ho gaya.

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Home loan here

I took home loan here and they helped me in every step specially in collecting and submitting documents at the time of approval.

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I was confused and did not have so much time to carry out all the research, so I logged in to Paisabazaar’s portal and was able to see the home loan options I was eligible for. With the assistance of Paisabazaar’s experts, I was able to find the home loan that offered the rate of interest I could afford. Thank you Paisabazaar!

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Excellent Home Loan Service by Paisabazaar

Ended up taking an ICICI Home Loan and I think it was one of the best decisions I ever made. I thank Paisabazaar for helping me out and answering my questions with so much patience.

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Had a great experience with Paisabazaar

I have always heard my friends talking about how tedious it was for them to avail a home loan and decide the most suitable option. But with the help of Paisabazaar, I was able to compare several home loans and opt for the one that suited my needs. I am happy that I considered Paisabazaar for helping me.

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quick and easy home loan process

I had never thought that applying for a home loan could be so easy. The entire process was online and I didn’t have to go anywhere for application or documentation of my home loan. Paisabazaar experts helped me navigate through the process and later the bank collected my documents and everything was quick and seamless.

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Satisfied experience with Paisabazaar

I am satisfied with my home loan experience with Paisabazaar. I could easily compare different home loan options and apply for the home loan. Their customer care team also called me to confirm all the details and soon after the bank contacted to take the process forward. The process was really smooth.

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