EMI: ₹64,699/month at 9.5%. Min income: ₹1,29,398/month.
A ₹50 Lakh loan against property from Axis Bank at 9.5% interest for 10 years will cost you ₹64,699 per month as EMI. You will pay a total interest of ₹27,63,880 over the loan tenure. The minimum monthly income needed is ₹1,29,398 (assuming no existing EMIs).
Axis Bank Loan Against Property EMI for ₹50 Lakh at 9.5% for 10 years is ₹64,699 per month.
You need a minimum monthly income of ₹1,29,398 for a ₹50 Lakh loan against property from Axis Bank (at 9.5% rate, assuming no existing EMIs).
The total interest payable on ₹50 Lakh loan against property from Axis Bank at 9.5% for 10 years is ₹27,63,880.
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.