EMI on a ₹50 lakh Home Loan

A home loan of ₹50,00,000 at 8.5% for 20 years has an EMI of ₹43,391 a month. Over the full term you repay ₹1,04,13,879, of which ₹54,13,879 is interest.

EMI at 8.5% for 20 years
₹43,391

Total interest ₹54,13,879 · Total repaid ₹1,04,13,879

EMI by interest rate and tenure

Rate10 yrs15 yrs20 yrs25 yrs30 yrs
7.5%₹59,351₹46,351₹40,280₹36,950₹34,961
8%₹60,664₹47,783₹41,822₹38,591₹36,688
8.5%₹61,993₹49,237₹43,391₹40,261₹38,446
9%₹63,338₹50,713₹44,986₹41,960₹40,231
9.5%₹64,699₹52,211₹46,607₹43,685₹42,043
10%₹66,075₹53,730₹48,251₹45,435₹43,879

Home loan rates depend on the lender, your credit score and the RBI repo rate; most are floating, so the EMI or tenure changes when rates move.

Where your first year's EMIs go

In the first 12 months you pay ₹5,20,694: ₹4,21,182 in interest and only ₹99,511 towards the loan. The interest share falls every month as the balance comes down.

Salary you need

Banks keep all your EMIs, including this one, within a share of take-home pay (FOIR), usually 40–60%. With no other loans, a ₹43,391 EMI needs a take-home salary of about ₹86,782 a month at a 50% limit, or ₹1,08,478 at 40%. Any other EMIs you pay need extra take-home pay on top: ₹2 for every ₹1 of EMI at a 50% limit.

Down payment

RBI rules let banks lend at most 90% of the property value for loans up to ₹30 lakh, 80% up to ₹75 lakh and 75% above that. So a ₹50 lakh loan needs a property worth at least ₹62,50,000 (80% loan-to-value), with a down payment of ₹12,50,000 plus stamp duty and registration.

Paying it off sooner

Adding ₹3,616 to every EMI (one extra EMI a year) clears the loan about 3 years 5 months early and saves about ₹10,89,367 in interest. Banks can't charge a prepayment penalty on floating-rate home loans to individuals.

Nearby loan amounts

LoanEMI (8.5%, 20 yrs)Total interest
₹40 lakh₹34,713₹43,31,103
₹45 lakh₹39,052₹48,72,491
₹50 lakh₹43,391₹54,13,879
₹60 lakh₹52,069₹64,96,655
₹70 lakh₹60,748₹75,79,430

Try other rates in the EMI calculator

Also see: Home Loan Eligibility Calculator · Loan Prepayment Calculator · How much home loan on a ₹50,000 salary?

Questions

What is the EMI on a ₹50 lakh home loan?

₹43,391 a month at 8.5% for 20 years. At 8% it is ₹41,822, and over 30 years at 8.5% it is ₹38,446.

What salary do I need for a ₹50 lakh home loan?

Banks usually keep all your EMIs within 40–60% of take-home pay. At a 50% limit, a ₹43,391 EMI needs a take-home salary of about ₹86,782 a month with no other loans; at 40%, about ₹1,08,478.

How much interest will I pay on a ₹50 lakh home loan?

₹54,13,879 over 20 years at 8.5%, so you repay ₹1,04,13,879 in all. Paying one extra EMI a year cuts the interest by about ₹10,89,367.

EMIs use the standard reducing-balance formula with monthly rests. Processing fees, insurance and rate changes are not included.