EMI: ₹64,613/month at 8.4%. Min income: ₹1,24,256/month.
A ₹75 Lakh home loan from Bank of India at 8.4% interest for 20 years will cost you ₹64,613 per month as EMI. You will pay a total interest of ₹80,07,120 over the loan tenure. The minimum monthly income needed is ₹1,24,256 (assuming no existing EMIs).
Bank of India Home Loan EMI for ₹75 Lakh at 8.4% for 20 years is ₹64,613 per month.
You need a minimum monthly income of ₹1,24,256 for a ₹75 Lakh home loan from Bank of India (at 8.4% rate, assuming no existing EMIs).
The total interest payable on ₹75 Lakh home loan from Bank of India at 8.4% for 20 years is ₹80,07,120.
Bank of India charges a processing fee of 0.25% of loan amount + GST for Home Loan.
Bank of India Home Loan prepayment policy: Nil for floating rate.