EMI: ₹63,338/month at 9%. Min income: ₹1,26,676/month.
A ₹50 Lakh loan against property from HDFC Bank at 9% interest for 10 years will cost you ₹63,338 per month as EMI. You will pay a total interest of ₹26,00,560 over the loan tenure. The minimum monthly income needed is ₹1,26,676 (assuming no existing EMIs).
HDFC Bank Loan Against Property EMI for ₹50 Lakh at 9% for 10 years is ₹63,338 per month.
You need a minimum monthly income of ₹1,26,676 for a ₹50 Lakh loan against property from HDFC Bank (at 9% rate, assuming no existing EMIs).
The total interest payable on ₹50 Lakh loan against property from HDFC Bank at 9% for 10 years is ₹26,00,560.
HDFC Bank charges a processing fee of 1% of loan amount for Loan Against Property.
HDFC Bank Loan Against Property prepayment policy: 2% if prepaid within 2 years, nil after.