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Home Loan Up to ₹ 50 Lakh

Get Home Loan upto 50 Lakh Online

Last Updated 24th May 2022

  • Avail home loan for up to ₹ 50 Lakh to purchase a house or for home renovation or expansion at rates starting at 6.50%.
  • With MyLoanCare Home Loan Calculator, you can calculate ₹ 50 Lakh home loan EMI for different tenures and avail best offers.
Interest Rate6.50% p.a Check Best Offers
  • Self-employed
  • Professionals
  • Salaried employees in government and corporate sectors
Minimum Income Required
  • ₹ 25,000 for salaried employees
  • ₹ 40,000 for self-employed
Age18 years to 70 years
Processing Fees & Other ChargesNIl to up to 0.5%
Apply for Home Loan @ 6.50%* Get upto ₹ 1,000* Voucher

Features and Benefits to Get Home Loan Up To Rs 50 lakh

You can avail of the following features and benefits for a home loan upto Rs. 50 Lakhs with MyLoanCare

  • Lower Interest Rates: The interest rates for a home loan upto Rs. 50 lakhs range from 6.50% to 12.00%. You can avail of the lowest rates if you apply for a loan with MyLoanCare.
  • Flexible Loan Tenure : You can also get a flexible loan tenure upto 30 years depending on your financial requirements.
  • Balance Transfer Facility : To get the best deals on balance transfer and avail of the top-up loan, you can get a home loan through MyLoanCare.
  • PMAY Benefits on Home Loans:Get a home loan with subsidy benefits of upto Rs. 2.67 lakhs with top banks through MyLoanCare.

Eligibility Criteria for Home Loan of ₹ 50 Lakh

Fulfilling the eligibility criteria to get a home loan is crucial. Check eligibility criteria to get home loan of upto Rs. 50 Lakhs below:

  • Age: You can avail of a home loan of ₹50 Lakh if you have a minimum and maximum age of 18 years and 70 years. However, few banks may have different age criteria to provide a home loan without any rejection.
  • Income: Your home loan application will easily get approved if you are a salaried individual or professional and earn a minimum of ₹ 25,000 monthly. To avail of a home loan, self-employed should have a gross annual income of upto ₹ 4,80,000 annually.
  • Credit Score: With the desired credit score of 650 and above, you can easily avail of a home loan at an affordable interest rate.
  • Loan to value ratio (LTV): The maximum loan to value of the property or LTV specified by the RBI for loans above ₹ 30 Lakh and upto ₹ 75 Lakh is 80%. You can thus avail upto 80% of the property's value for a ₹50 Lakh home loan.
  • Employment History: You should have an Income history and job continuity of 3 years and more required (except for some professionals).

Check the Lowest Interest Rates of Top Banks for Home Loan upto 50 Lakh.

Bank NameInterest Rates
6.45% - 6.45%
6.50% - 7.90%
Yes Bank
6.65% - 12.00%
Standard Chartered Bank
6.99% - 6.99%
Axis Bank
7.00% - 11.40%
Kotak Bank
7.00% - 11.70%
7.10% - 11.35%
Karur Vysya Bank
7.15% - 12.50%
RBL Bank
7.90% - 0.00%
8.00% - 18.20%

Home Loan EMI Calculation to Calculate EMI of Home Loan upto 50 Lakh

The home loan EMI depends on the loan amount, tenure, and interest rate. Suppose, if the interest rate is 7.00%, the EMI for different tenures will change accordingly, as seen in the table below.

Loan AmountEMI for 10 YearsEMI for 15 YearsEMI for 20 YearsEMI for 25 Years
₹ 50 Lakh ₹ 58,054 ₹ 44,941 ₹ 38,765 ₹ 35,339
₹ 45 Lakh ₹ 52,249 ₹ 40,447 ₹ 34,888 ₹ 31,805
₹ 40 Lakh ₹ 46,443 ₹ 35,953 ₹ 31,012 ₹ 28,271
₹ 35 Lakh ₹ 40,638 ₹ 31,459 ₹ 27,135 ₹ 24,737
₹ 30 Lakh ₹ 34,833 ₹ 26,965 ₹ 23,259 ₹ 21,203

To check home loan EMI of upto Rs. 50 Lakhs at a different rate of interest and tenure, you can use an online home loan EMI calculator. An online calculator helps you to accurately determine EMI and thus plan your monthly expenses.

Documents Required to Get Home Loan Up to ₹50 Lakh

The document required for a home loan up to Rs. 50 lakhs include an application form with passport size photograph, Identity Proof, Address Proof, Income Proof and property documents. The income documents will vary for salaried and self-employed individuals.

How to Apply for Home Loan Up to 50 Lakh Online at Low Interest Rates?

You can apply for a home loan up to ₹50 Lakh online or offline through the bank or a marketplace like MyLoanCare. If you apply for a home loan with MyLoanCare online, you can get the best offers from top banks and NBFCs in one place. To apply home loan online , fill home loan application form here.


Which bank is best for a Home Loan of up to ₹ 50 Lakh?

Currently, Citibank can be considered as the best bank as it offers home loans at the lowest interest rate of 6.50%. However, based on customer service, is the best bank for a ₹ 50 Lakh home loan, with a rating of NAN/5.

Can I get a ₹ 50 Lakhhome loan without collateral?

No, you cannot avail of a ₹ 50 Lakh home loan without collateral because a home loan is a secured loan, and you need to pledge your home as a security or collateral.

What are the factors that affect EMI of ₹ 50 Lakh Home Loan?

The EMI of ₹ 50 Lakh home loan depends on various factors such as loan tenure and interest rate. Higher the tenure, lower the EMI and vice versa.Similarly, lower the home loan rates, lower will be home loan EMI for an ₹ 50 Lakh home loan.

What is the Interest Rates for a ₹ 50 Lakh SBI Home Loan?

As per the current rates, you can avail ₹ 50 Lakh SBI home loan at an interest rate of 6.65%pa. However, the bank charges a processing fee of 0.40% , Min ₹ 1,000, on a home loan amount.

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Home Loan News - May 2022
  • 2022-05-13 : South Indian Bank Posts all-time High Net Profit in Q4
    The Bank has posted an all-time high net profit of ₹272 crores for Q4 in FY 22 against ₹6.79 crores during the corresponding period of the previous year.
  • 2022-05-13 : Ujjivan Small Finance Bank Profit Falls by 7% for Q4
    The bank has reported a 7 percent fall in its net profit to Rs 126.5 crore. Earlier, the bank had posted a net profit of Rs 136 crore in the same quarter of the preceding fiscal year 2020-21.
  • 2022-05-03 : HDFC Profit Rises by 16% for Q4 of FY 2022
    Housing Development Finance Corporation has reported a 16% year-on-year rise in its standalone net profit for the March quarter to Rs 3,700 crore on the back of strong growth in loans and net interest income (NII).
  • 2022-05-02 : HDFC Increase Interest Rates on Home Loans
    The lender has hiked the lending rates by 5 basis points for existing customers. The adjustable-rate home loans for new customers with a credit score of above 750, however, will continue to be 6.70 percent.
  • 2022-05-02 : Union Bank Becomes the First Public Sector Bank to Go Live on Account Aggregator Framework.
    The Account Aggregator Framework has linked 332,000 accounts and has fulfilled over 310,000 consent requests since it has gone live. AA ensures swift data sharing with the consent of the user and eliminates the need for physical documents.
*Terms and conditions apply. Credit at sole discretion of lender, which is subject to credit appraisal, eligibility check, rates, charges and terms. Information displayed is indicative and collected from public sources. Read More
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