EMI: ₹38,819/month at 9.5%. Min income: ₹77,638/month.
A ₹30 Lakh loan against property from Axis Bank at 9.5% interest for 10 years will cost you ₹38,819 per month as EMI. You will pay a total interest of ₹16,58,280 over the loan tenure. The minimum monthly income needed is ₹77,638 (assuming no existing EMIs).
Axis Bank Loan Against Property EMI for ₹30 Lakh at 9.5% for 10 years is ₹38,819 per month.
You need a minimum monthly income of ₹77,638 for a ₹30 Lakh loan against property from Axis Bank (at 9.5% rate, assuming no existing EMIs).
The total interest payable on ₹30 Lakh loan against property from Axis Bank at 9.5% for 10 years is ₹16,58,280.
Axis Bank charges a processing fee of 1% of loan amount for Loan Against Property.
Axis Bank Loan Against Property prepayment policy: 2% within first 3 years, nil after.