EMI: ₹17,674/month at 8.75%. Min income: ₹35,348/month.
A ₹20 Lakh home loan from Axis Bank at 8.75% interest for 20 years will cost you ₹17,674 per month as EMI. You will pay a total interest of ₹22,41,760 over the loan tenure. The minimum monthly income needed is ₹35,348 (assuming no existing EMIs).
Axis Bank Home Loan EMI for ₹20 Lakh at 8.75% for 20 years is ₹17,674 per month.
You need a minimum monthly income of ₹35,348 for a ₹20 Lakh home loan from Axis Bank (at 8.75% rate, assuming no existing EMIs).
The total interest payable on ₹20 Lakh home loan from Axis Bank at 8.75% for 20 years is ₹22,41,760.
Axis Bank charges a processing fee of Up to 1% of loan amount for Home Loan.
Axis Bank Home Loan prepayment policy: Nil for floating rate.