50 Lakh Home Loan EMI: What You’ll Pay Monthly (2026)
emi calculator for 50 lakh home loan: The EMI for a ₹50 Lakh home loan with SBI at 8.5% for 20 years is ₹43,391 per month. This emi calculator for 50 lakh home loan gives you a clear monthly payment estimate for April 2026, helping you plan your budget before applying.
Why This Number: The Calculation
Understanding how your EMI is calculated is crucial. For a ₹50 Lakh home loan from SBI with an interest rate of 8.5% per annum and a tenure of 20 years, the Equated Monthly Installment (EMI) is determined using the standard formula:
EMI = P × r × (1 + r)^n / ((1 + r)^n – 1)
Where:
- P = Principal Loan Amount (₹50,00,000)
- r = Monthly Interest Rate (8.5% ÷ 12 = 0.007083)
- n = Loan Tenure (240 months)
Using this formula, your monthly EMI becomes ₹43,391. Over 20 years, you pay around ₹54 Lakh as interest, making the total repayment approximately ₹1.04 Crore.
How Different Tenures Affect Your Result
Your loan tenure directly impacts both EMI and total interest. Shorter tenure = higher EMI but lower total interest. Longer tenure = lower EMI but higher total cost.
| Tenure | Monthly EMI | Total Interest |
|---|---|---|
| 5 years | ₹1,02,583 | ₹12 Lakh |
| 10 years | ₹61,993 | ₹24 Lakh |
| 15 years | ₹49,237 | ₹39 Lakh |
| 20 years | ₹43,391 | ₹54 Lakh |
| 25 years | ₹40,261 | ₹71 Lakh |
| 30 years | ₹38,446 | ₹88 Lakh |
Extending tenure from 20 to 30 years reduces EMI by ~₹5,000 but increases interest by ₹34 Lakh — a critical trade-off.
Bank Comparison for ₹50 Lakh Home Loan
Even small rate differences impact long-term cost. Here’s comparison for 20 years:
| Bank | Rate | Monthly EMI | Total Interest |
|---|---|---|---|
| SBI | 8.5% | ₹43,391 | ₹54 Lakh |
| Bank of Baroda | 8.4% | ₹43,075 | ₹53 Lakh |
| HDFC Bank | 8.75% | ₹44,186 | ₹56 Lakh |
| ICICI Bank | 8.75% | ₹44,186 | ₹56 Lakh |
| Axis Bank | 8.75% | ₹44,186 | ₹56 Lakh |
| Kotak Mahindra | 8.75% | ₹44,186 | ₹56 Lakh |
A small 0.1% lower rate can save ₹1–2 Lakh over the loan period.
Use Our Free EMI Calculator for Your Exact Numbers
These are estimated values. Your EMI may vary depending on bank offers, credit score, and loan terms. Use our free EMI calculator:
- Enter your loan amount
- Select tenure
- Input interest rate
You’ll instantly get EMI, total interest, and repayment breakdown.
One Expert Tip
For a ₹50 Lakh loan, always negotiate interest rate — even a 0.25% reduction can save ₹3–5 Lakh. Also check if your loan is repo-linked, as RBI rate changes directly affect EMI.
IndiaTools Note
IndiaTools provides accurate, real-data financial insights to help you make smarter decisions. Explore more loan guides for better planning.
Disclaimer: Interest rates may change. Data is based on April 2026 estimates. Always verify with your bank before applying.