₹50 Lakh Home Loan EMI for 15 Years
The EMI for a ₹50 Lakh home loan over 15 years is about ₹49,531/month at 8.6% p.a. Over the full tenure you repay ₹89.16 L — of which ₹39.16 L is interest. Updated for 2026.
₹50 Lakh EMI at different interest rates (15 years)
Even a 0.5% rate difference changes your total interest by lakhs. This is why negotiating your rate — or transferring your balance — matters more than most borrowers realise.
| Interest Rate | Monthly EMI | Total Interest |
|---|---|---|
| 8% p.a. | ₹47,783 | ₹36.01 L |
| 8.25% p.a. | ₹48,507 | ₹37.31 L |
| 8.5% p.a. | ₹49,237 | ₹38.63 L |
| 8.75% p.a. | ₹49,972 | ₹39.95 L |
| 9% p.a. | ₹50,713 | ₹41.28 L |
| 9.25% p.a. | ₹51,460 | ₹42.63 L |
| 9.5% p.a. | ₹52,211 | ₹43.98 L |
| 10% p.a. | ₹53,730 | ₹46.71 L |
₹50 Lakh home loan EMI by bank (15 years)
EMI for a ₹50 Lakh loan over 15 years at each lender's minimum 2026 rate. Sorted lowest first.
| Bank | Min Rate | Monthly EMI | Processing Fee |
|---|---|---|---|
| BoI | 7.1% | ₹45,221 | Varies |
| Central Bank | 7.1% | ₹45,221 | Varies |
| IOB | 7.1% | ₹45,221 | Varies |
| P&S Bank | 7.1% | ₹45,221 | Varies |
| Canara | 7.15% | ₹45,362 | 0.50% (varies) |
| UCO | 7.15% | ₹45,362 | Varies |
| BoB | 7.2% | ₹45,502 | Up to 0.50% (varies) |
| Bajaj Housing | 7.25% | ₹45,643 | Up to 0.50% + GST |
| Union Bank | 7.35% | ₹45,925 | Varies |
| BoM | 7.35% | ₹45,925 | Varies |
Cut this loan short: the prepayment effect
On a ₹50 Lakh loan at 8.6% over 15 years, the first few years are almost entirely interest. Adding just ₹10,000/month toward the principal closes the loan in roughly 10 years 9 months and saves about ₹12.37 L in interest.
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₹50 Lakh EMI at other tenures
Other loan amounts for 15 years
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Frequently Asked Questions
What is the EMI for a ₹50 Lakh home loan for 15 years?
The EMI for a ₹50 Lakh home loan over 15 years is approximately ₹49,531 per month at an interest rate of 8.6% p.a. The exact EMI depends on your bank's rate — at 8% it is ₹47,783 and at 9.5% it is ₹52,211 per month.
How much total interest will I pay on a ₹50 Lakh loan over 15 years?
At 8.6% p.a. you would pay roughly ₹39,15,580 in total interest over 15 years — making the total repayment about ₹89,15,580 against a borrowed amount of ₹50,00,000. A longer tenure lowers the EMI but sharply increases total interest.
Which bank offers the lowest EMI for a ₹50 Lakh home loan?
Based on current 2026 minimum rates, Bank of India offers the lowest EMI at about ₹45,221/month (7.1% p.a.) for a ₹50 Lakh loan over 15 years. Always compare the processing fee and reset terms, not just the headline rate.
How much can I save by prepaying this loan?
Adding just ₹10,000/month towards the principal on a ₹50 Lakh loan can close it in about 10 years 9 months instead of 15 years, saving roughly ₹12,36,765 in interest. Use the NestSaver prepayment simulator to model your exact numbers.
Should I choose a shorter or longer tenure?
A shorter tenure means a higher EMI but far less total interest; a longer tenure eases monthly cash flow but costs much more overall. For a ₹50 Lakh loan, moving from 30 to 20 years raises the EMI by about ₹4,907/month but can save ₹34,78,440 in interest.