EMI: ₹13,208/month at 8.7%. Min income: ₹26,416/month.
A ₹15 Lakh home loan from Federal Bank at 8.7% interest for 20 years will cost you ₹13,208 per month as EMI. You will pay a total interest of ₹16,69,920 over the loan tenure. The minimum monthly income needed is ₹26,416 (assuming no existing EMIs).
Federal Bank Home Loan EMI for ₹15 Lakh at 8.7% for 20 years is ₹13,208 per month.
You need a minimum monthly income of ₹26,416 for a ₹15 Lakh home loan from Federal Bank (at 8.7% rate, assuming no existing EMIs).
The total interest payable on ₹15 Lakh home loan from Federal Bank at 8.7% for 20 years is ₹16,69,920.
Federal Bank charges a processing fee of 0.50% of loan amount + GST (max ₹10,000) for Home Loan.
Federal Bank Home Loan prepayment policy: Nil for floating rate.