50 Lakh HDFC Home Loan

A 50-lakh HDFC home loan can be used for purchasing, building, or even remodelling an existing home. You may offer the bank collateral or security in exchange for this flexible home loan, which could be the house or asset you want to buy with the loan proceeds. On the other hand, eligible people can benefit from a low-interest rate, flexible periods for repayment, little paperwork required, prompt fund disbursement, and more.

Given that the right home loan is the first step towards the ideal property, Urban Money summarises this borrower-friendly funding choice. We mainly review important information, such as the interest rate on an HDFC house loan of 50 lakhs, the criteria for eligibility, the required documents, and other related costs.

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Table of Content

1. 50 Lakh Home Loan HDFC Highlights

2. 50 Lakh HDFC home loan EMI for 10 Years

3. 50 Lakh HDFC home loan Fees and Charges

4. 50 Lakh HDFC home loan Documents Required

5. 50 Lakh HDFC home loan Eligibility Criteria

Written By

Amrita Sinha

Amrita Sinha comes with a background in journalism and mass communication, drawing from her roots in journalism, she has found her voice in the world of finance. As an accomplished writer, she specialises in Financial Services, Mutual Funds, Loan Assessments, Banking & Loan Products. She has established herself as a reliable expert in the field, offering valuable advice to those looking to navigate the various aspects of personal finance.

Reviewed By

Amit Prakash Singh

Co-Founder, Square Yards & Chief Business Officer, Urban Money

Amit Prakash Singh is the Chief Business Officer at Urban Money. With over nine years of experience at Square Capital, he has played a crucial role in establishing it as one of India's premier loan advisory services. Amit's deep financial insights and extensive knowledge have driven significant business growth and strategic advancements. He has successfully built and managed large sales teams, optimised costs, and created leaders within the industry. Amit's financial expertise and strategic vision are key to the ongoing success and expansion of Square Yards and Urban Money.

50 Lakh Home Loan HDFC – Highlights

Here are the key parameters before applying HDFC 50 lakh home loan.

Highlights
Interest Rates	8.50% – 9.40% p.a.
Processing Fees	0.50% of the loan amount or Rs 3,000, whichever is on the higher side
Loan Amount	75% – 90% of the property cost
Loan Tenure	Until 30 years
Eligibility	Both salaried and self-employed individuals who have a regular source of income

50 Lakh HDFC home loan EMI for 10 Years

Following is the aptly calculated information regarding a 50 lakh home loan EMI in HDFC for a 10-year loan tenure:

Loan Amount	Interest Rate	Loan Tenure	EMI	Total Interest Payable	Total amount Payment
Rs 50 lakh	8.50% p.a.	10 years	Rs 61,993	Rs 24,39,141	Rs 74,39,141

50 Lakh HDFC home loan EMI for 20 years

Following is the full-fledged information regarding a 50 lakh home loan EMI in HDFC for a 10-year loan tenure:

Loan Amount	Interest Rate	Loan Tenure	EMI	Total Interest Payable	Total amount Payment
Rs 50 lakh	8.50% p.a.	20 years	Rs 43,391	Rs 54,13,879	Rs 1,04,13,879

50 Lakh HDFC home loan – Fees and Charges

Let us give a view to the fees and charges associated with the HDFC 50 lakh home loan:

Fee/Charge	Amount
Processing Fee	0.50% of the amount of the loan, or Rs 3,000
Prepayment charges	2% of the prepayment amount plus taxes
Late payment charges	Up to 18% p.a. on overdue instalment amounts.
Cheque bounce charges	Rs 500
Repayment mode swap charges	Rs 500
Stamp duty & other statutory charges	As per applicable laws of the state
Loan cancellation Charges	Rs 1000

50 Lakh HDFC home loan – Documents Required

Presumably, you are aware as a customer of what documents will be required for you to avail of the HDFC 50 lakh home loan, but then, to make you go through swiftly, you are required to have your identity proof, your address proof and a property proof – buyer agreement or a copy of the allotment letter.

When preparing for an application, gather proof of income for employees, including job documents, recent pay slips, and financial records. For self-employed individuals, compile business details, Form 26 AS, company documents, and 6 months of bank statements. Additionally, bring a processing fee cheque and passport-sized photos for all applicants and co-applicants.

50 Lakh HDFC home loan – Eligibility Criteria

50 lakh home loan eligibility in HDFC Bank is as follows:

You must have a steady source of revenue, whether you work for yourself or are hired by someone else.
You have to be between the ages of 21 and 65.
Your monthly income should be high enough to meet monthly repayment.
You need to have an excellent credit record and rating.
You have to be a citizen of India.