EMI: ₹97,048/month at 9.5%. Min income: ₹1,94,096/month.
A ₹75 Lakh loan against property from Axis Bank at 9.5% interest for 10 years will cost you ₹97,048 per month as EMI. You will pay a total interest of ₹41,45,760 over the loan tenure. The minimum monthly income needed is ₹1,94,096 (assuming no existing EMIs).
Axis Bank Loan Against Property EMI for ₹75 Lakh at 9.5% for 10 years is ₹97,048 per month.
You need a minimum monthly income of ₹1,94,096 for a ₹75 Lakh loan against property from Axis Bank (at 9.5% rate, assuming no existing EMIs).
The total interest payable on ₹75 Lakh loan against property from Axis Bank at 9.5% for 10 years is ₹41,45,760.
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.