Top 10 Best Formal Shoes Under 500 with Buying Guide 

Finding a perfect pair of formal shoes might be difficult for some people. You have to check the specifications of a particular product before the purchase. How reliable is it? Is it heavy? What is used in making the shoes? Did the product receive any negative reviews? These are important things to consider. Seeking the perfect color just won’t make it. You have to check its features too. Formal shoes are a must whether you want to go to a party or a wedding.

Formal Shoes 1

There are formal shoes which you can wear with casual outfits as well. So, just see the different models of formal shoes available in the market to have a better understanding. After much research, we have come up with a compiled list of ten products which is light-weighted, reliable, and durable. Without further ado, let’s jump to the article. Here is the curated list of the top ten best formal shoes under 500.

Top 10 Best Formal Shoes Under 500 to Buy in 2021

1) DE LOYON Leather Formal Shoes

DE LOYON Men's A206 Black Patent Leather Formal Shoes (Black,8)

Buy on Amazon

These lace up shoes are made up of patent leather. The heel height is one inch, and its shoe width is narrow. The sole is made up of rubber. You can pair these shoes with your favorite formal attire, and you’re ready to go.

Whether it’s a party or wedding, you can wear them anywhere. It is reliable and dependable. The body is made up of good quality patent leather. The weight of this product is 800 grams. Don’t use a shiner or polish on the shoes.


  • Value for money.
  • Made up of good quality patent leather.
  • Ideal for regular use.
  • Comfortable soles.


  • The shoes are poorly stitched.

2) Centrino Men's Formal Shoes

Centrino Men's Brown Formal Shoes - 8 UK/India (42 EU)(9383-002)

Buy on Amazon

These slip-on shoes from Centrino are made up of synthetic material. The shoe width is medium, and you would get 90 days manufacturer warranty on the product. The shoes are made up of using strong, durable material. Moreover, the shoes have a foam layer with anti-bacterial treatment.

The weight of these shoes is 1 kg 400 grams. You can use a shoehorn to avoid damage at the back of the shoes.


  • Value for money.
  • 90 days manufacturer warranty.
  • Made up of strong, durable material.
  • Foam layer with anti-bacterial treatment.


  • The shoes are quite heavier than others.

3) Shozie Men's Formal Shoes

Shozie Men's Patent Leather Formal Shoes Formal Shoes (Numeric_9) Brown

Buy on Amazon

The lace-up shoes from Shozie look stylish and are comfortable as well. It is available in two colors: black and brown. The shoes have fine and glossy finishing. Not only this, the shoes are made up of patent leather so, don’t use shiner or polish on the shoes.

The weight of these shoes is 480 grams. Overall, it’s a good product in this price range.


  • Value for money.
  • Sturdy body.
  • Glossy finishing.
  • Light-weighted and budget-friendly.
  • Easy to clean.


  • The product doesn’t have a fine cushioned insole.

4) DE LOYON Men's Formal Shoes

DE LOYON Synthetic Leather Formal Derby Shoes for Men (7, Brown)

Buy on Amazon

The lace-up shoes from DE LOYON are valued for money. It is available in three different colors: brown/ tan and black. The material used is synthetic leather so, avoid shiner or polish. The weight of the shoes is 900 grams.

You need to air and deodorize your shoes every time you wear them and store them in the shoe bag or box for longevity.


  • Good product in this price range.
  • Available in three different colors.
  • Budget-friendly.
  • Easy to clean and store.


  • The shoes are not suitable for regular use.

5) PARAGON Men's Formal Shoes

PARAGON Men's Black Formal Shoes-9 UK/India (43 EU) (FB9532GP)

Buy on Amazon

PARAGON Men’s formal slip-on shoes are made up of synthetic material. The company provides 30 days warranty on the product. The shoes are perfect for regular use. The shoes are made of high-quality material, and the soles are comfortable as well.

Moreover, the shoes have a sturdy built and have an easy to wear slip style. The weight of the shoes is 1 kg 520 grams.


  • Good product in this price range.
  • Sturdy built.
  • Long-lasting and easy to clean.
  • Budget-friendly.
  • Ideal for everyday use.


  • The shoes are quite heavier than expected. 

6) Secret Closet Men's Formal Shoes

SECRET CLOSET Men's Black Formal Shoe - 8 UK

Buy on Amazon

The lace-up shoes have a medium width length. The material used in the making is leather. It has a comfortable sole, and you can wear it on a regular basis as well. Moreover, the product has good quality mid-sole, which ensures the longevity of the shoes.

This product has a stylish look and would become your instant favorite. The weight of this pair of shoes is 900 grams. Don’t use shiner or polish on the shoes.


  • Value for money.
  • Good quality sole.
  • Ideal for everyday use.
  • Has a stylish look.
  • Easy to clean.


  • The shoes are not well stitched.

7) Stylelure Men's Formal Shoes

Stylelure Men's Synthetic Leather Black Formal Shoes for Men

Buy on Amazon

This easy to wear slip styled shoes are valued for money. It has a sleek and seamless design exclusively made to make your attire look more attractive. The material used in the making is synthetic leather.

So, no shiner or polish should be used on the shoes. The width length is medium, and the material of the sole is airmix. These shoes weigh around 450 grams.


  • Value for money.
  • Comfortable mid-sole.
  • Goes well with most of your formal attires.
  • Light-weighted and budget-friendly.


  • The shoes are average, not of the finest quality.

8) Centrino Men's Formal Shoes

Centrino Men's Brown Formal Shoes - 9 UK/India (43 EU)(9383-002)

Buy on Amazon

These shoes from Centrino has a medium width length. The shoes are made up of synthetic material. You should air and deodorize your shoes every time you would wear them. The shoes have a high-quality finishing, which is not seen in this price range.

It is comfortable and can be worn on an everyday basis. This shoe has a weight of 1 kg 400 grams.


  • Comfortable shoes.
  • Good fit.
  • Value for money.
  • Ideal for everyday use.
  • High-quality finishing.


  • The weight of the product is heavy.

9) DERBY Men's Synthetic Formal Shoes

DERBY KICKS Men's Synthetic Leather Formal Boots | Ankle Shoes | Formal Shoes for Men (TAN, Numeric_9)

Buy on Amazon

Derby men’s synthetic formal shoes are made up of synthetic material, and the sole is of airmix. These lace-up shoes have a medium width length. The well-made shoes have a soft padded insole with good breathability.

Moreover, the shoes have good finishing. Overall, it is a good product in this price range. We would advise you to clean the shoes with a soft brush and use warm water to wipe away the dirt.


  • Ideal for everyday use.
  • Soft padded insole.
  • Good breathability.
  • Good finishing.
  • Good product in this price range.


  • There aren’t any reviews on the product when checked online.

10) Knoos Men's Loafer

KNOOS Men's Comfort Casual Loafers-(BOB1012-BR-10) Brown

Buy on Amazon

The shoes are made up of synthetic material and have a rubber sole. The shoes are reliable and comfortable as well. You can wear it with both formal and casual outfits.

The weight of this loafer is 600 grams only. Let the shoes air and deodorize so that you can get rid of the foul smell from the shoes.


  • It can be pair up with both casual and formal attires.
  • One month warranty on the product.
  • Value for money.
  • Good breathability.
  • Comfortable shoes.
  • Perfect fit.


  • The shoes easily develop wrinkles.

Buying Guide for the Best Formal Shoes

Formal Shoes 2

Going for a fancy pair of shoes that don’t seem to be genuine would be a total wastage of money. Look for all these following aspects while buying the best formal shoes for yourself.

Types of Shoes

There are mainly five types of formal shoes. So, according to your preference, you can always go with the one that suits the best.

  • Oxford: Oxford shoes would give you a fine and clean look. These shoes have lowered heels, and the lacing section is sewed closed towards the bottom. You can wear them to the office, weddings, and parties.
  • Derby: You can wear Derby shoes casually as well. These shoes are very comfortable and dependable. Derby is a lace-up shoe but has an open lacing section just the opposite of Oxford shoes.
  • Blucher: You can wear Blucher shoes while you’re out for dinner, party, or meetings. These are open lace-up shoes with a vamp in one piece.
  • Loafers: These shoes would go perfectly with your casual attire as well as formal attire. You can definitely go for this one if you’re still confused about which formal shoe to buy. Loafers look stylish. These are low-heeled, lace-less shoes. These are some of the most versatile shoes on the market. You can wear them for a casual day out, weddings, and even parties. If you have a pair of these, then you’re good to go.
  • Monk: These are the most versatile formal shoes available in the market. You can pair these shoes for meetings, formal dinner, or less formal occasions as well. They are very versatile and gives you a chic look. Most people prefer monk shoes because of their versatility and reliability.

Know Yourself

It is important that you choose shoes as per your personality. Not only this, you have to consider what shoes would perfectly go with your attire. This, in turn, can also help you to wear the pair with confidence.

Don’t Hesitate to Invest in Quality Shoes

Assume you bought low-cost shoes. But after a few months, it would start wearing off. Then again, you have to buy new ones. So, it would be better if you invest in quality shoes that would last for months.

Your Budget

The first thing you need to consider is how much you are willing to spend on a pair of formal shoes, and what your purpose is. Are you buying it just to wear it on special occasions? Or you’re buying it for regular use? Ask these questions to yourself, then finalize the budget.


You can buy shoes from your favorite brands during the sale season. There would be 10 to 50% off on your favorite brands. So, don’t miss a great deal.


We would advise you to go for shoes which would give you comfort. Above all, your comfort comes first. So, buy shoes from the same brand you’re buying from for a long time.

Material Used in the Making

Formal Shoes are usually made up of leather. Nowadays, you would find shoes made up of synthetic material and artificial leather. That would too last long. But it’s your personal choice and the money you’re ready to invest in a pair of formal shoes.

The Fit

Go for shoes which would fit you perfectly. If you go for shoes by just looking at their appearance, but the fit is not right, then it can give you bad back pain or injury. The upper part of the shoes should be soft, and the toe box should have enough space to provide all the comfort.

Measure Your Feet

It is advisable to measure your feet before purchasing a pair of formal shoes. So, you can get the right shoes for yourself. Moreover, just look at the size chart for different brands because they fit varies from manufacturer to manufacturer.

Wear the Same Socks

Just take the same socks you’re willing to pair up with your new shoes. That way, you would get the right fit.

Take Your Time

You saw a pair of shoes you liked and bought. No, you shouldn’t do it. Consider other factors as well. Take your time seeing different products, checking the material, and fit. If you’re confused, then ask the shopkeeper for help. He/she would guide you.

Frequently Asked Questions

Formal Shoes 3

1) Should I buy shoes online or offline? 

Well, it’s your personal choice. But we would like to state a few facts. If you buy shoes online, then you would get discounts and varieties as well. But if the size doesn’t fit you, then you would have to return it, and that would be a headache. If you buy shoes from the local shops, then you would get fewer options as compared to online, but you can seek professional help, and returning the product won’t be an issue. But it’s your personal preference whether you want to buy online or from a local shop.

2) What are the best brands of formal shoes available in the market? 

Pelle Santino, Clarks, Escaro Royale, Hush Puppies, Red Tape, and Bata are some of the renowned brands of formal shoes available in the Indian market. They are dependable and reliable. The quality of the shoes from these brands is the finest. So, you can go for any of the above brands if you’re willing to invest in a pair of quality shoes.

3) How to clean and store formal shoes? 

You can follow these steps for cleaning your formal shoes.

  • Wipe away the dirt from the surface with the help of a brush or a dry cloth.
  • Rub away dirt and stains from the shoes with the help of leather shoe cleaner and let it dry.
  • Now, firmly rub the shoes with leather conditioner and let it dry.
  • Polish the shoes with the help of polish or wax.
  • For spit shine, splash a few drops of water on the shoes and pat dry.
  • Leave it overnight and again buff it with the help of a dry cloth. For more shine, repeat the process two-three times.

You can store the shoes in a box or a shoe bag and keep it in the closet. This way, your shoes would last long.

4) I’ve seen that the same manufacturing company has a different fit, what is the reason behind it? 

The same brand has so many factories in different parts of the country. Each factory has its own levels of quality controls. This might be the reason the fit varies even if you buy shoes from the same company. It is advisable to check the size chart before you make any purchase.

5) How to get rid of stinky bilge from the shoes? 

It is obvious that you after a long day of wearing the shoes. It would give off a foul smell. So, for that, take your shoes to a dry place and brush off the shoes to get rid of all the dirt. Now stuff the shoes with newspapers or soft clothes. Let it dry. Now, you can keep it inside the shoe bag and put it in the closet.

6) Will I get a warranty on the shoes? 

If you buy it online, then yes, you would get around 30 to 90 days warranty on the product.

7) How would I know that I am getting the best value product for the money I’ve spent? 

Low-cost shoes would look good for a while but aren’t at all reliable and dependable. Whereas, if you invest a little more, then you would get a fine pair that would give you comfort and a good fit. Just see what the material of the shoes is. If it is synthetic, artificial leather, or pure leather? If you invest in a former shoe which is made up of pure leather, then it would last long. Whereas synthetic made formal shoes have a short lifespan.

The Final Takeaway

The list keeps on changing as there is a huge demand for formal shoes in the market. Each brand tries to come up with the best product that meets their customers’ needs. So, keep an eye and choose the one that meets all your requirements. There is a buying guide which has something to offer for people who are clueless about what they should look for while buying shoes. Furthermore, there is a frequently asked questions section to clear your doubts. We hope this article was helpful. So once you get everything right, you are always good to go.

Leave a Comment