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What is the EMI for a Rs 50 lakh home loan for 20 years?

The instalment, the lifetime interest, and the take-home salary an Indian lender will want to see before sanctioning it.

The EMI on a Rs 50 lakh home loan for 20 years at 8.5% a year is Rs 43,391 per month. You repay Rs 1,04,13,879 in all, of which Rs 54,13,879 is interest. Under the 50% FOIR rule most lenders apply, that EMI needs a net take-home of about Rs 86,782 a month if you have no other loan running.

Worked out 2026-09-04 (IST) · Reducing-balance interest, EMI paid monthly in arrears

EMI at every rate and tenure

Monthly EMI on a Rs 50,00,000 home loan (Rs)
Interest rate	10 years	15 years	20 years	25 years	30 years
8.00%	60,664	47,783	41,822	38,591	36,688
8.25%	61,326	48,507	42,603	39,423	37,563
8.50%	61,993	49,237	43,391	40,261	38,446
8.75%	62,663	49,972	44,186	41,107	39,335
9.00%	63,338	50,713	44,986	41,960	40,231
9.50%	64,699	52,211	46,607	43,685	42,043
10.00%	66,075	53,730	48,251	45,435	43,879

The income a lender wants to see

Indian lenders size a loan off FOIR — the share of your net monthly income that all EMIs together may consume. Most cap it at 50%, some at 55-60% for higher incomes.

Net monthly take-home needed for an EMI of Rs 43,391
FOIR the lender applies	Net take-home needed	Approx. annual in-hand
40%	1,08,478	13,01,735
50%	86,782	10,41,388
55%	78,893	9,46,716
60%	72,319	8,67,823

Total cost by tenure

Total repayment on Rs 50,00,000 at 8.5% a year
Tenure	EMI	Total repaid	Total interest
10 years	61,993	74,39,141	24,39,141
15 years	49,237	88,62,656	38,62,656
20 years	43,391	1,04,13,879	54,13,879
25 years	40,261	1,20,78,406	70,78,406
30 years	38,446	1,38,40,443	88,40,443

Check your own numbers

Try your own rate, tenure and down payment, and read the amortisation schedule year by year.

EMI CalculatorLoan amount, rate, tenure to EMI, total interest and month-by-month schedule.

Frequently asked

What salary is needed for a Rs 50 lakh home loan?

At an EMI of Rs 43,391 and the common 50% FOIR cap, lenders look for a net take-home of about Rs 86,782 a month — roughly Rs 10,41,388 a year in hand, which usually means a CTC well above that. Some lenders stretch FOIR to 55-60% for high earners or for applicants adding a co-borrower.

How much down payment do I need for a Rs 50 lakh loan?

RBI caps the loan-to-value ratio at 75% for loans above Rs 75 lakh, 80% for Rs 30-75 lakh and 90% below Rs 30 lakh. To borrow Rs 50 lakh you therefore need a property of at least about Rs 62.5 lakh and a down payment of roughly Rs 12.5 lakh, plus stamp duty and registration, which are never funded by the loan.

How much interest do I save by prepaying Rs 5 lakh in year 3?

Early prepayment attacks the principal while the interest share of every EMI is still at its highest. On this loan, a one-time Rs 5 lakh prepayment in year 3, keeping the EMI unchanged, typically clears the loan around 4 years early and saves roughly Rs 15-16 lakh of interest. Run your exact figure in the prepayment calculator — the saving depends on the month you pay.

Is the EMI different for a plot loan or a top-up loan?

The formula is identical; only the rate and tenure change. Plot loans usually price 0.25-0.75% above a home loan and cap the tenure at 15 years, so the same Rs 50 lakh costs Rs 50,713 a month at 9% over 15 years instead of Rs 43,391. Top-up loans price higher still.

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