EMI: ₹2,06,625/month at 11%. Min income: ₹3,75,682/month.
A ₹1.5 Crore loan against property from Hero FinCorp at 11% interest for 10 years will cost you ₹2,06,625 per month as EMI. You will pay a total interest of ₹97,95,000 over the loan tenure. The minimum monthly income needed is ₹3,75,682 (assuming no existing EMIs).
Hero FinCorp Loan Against Property EMI for ₹1.5 Crore at 11% for 10 years is ₹2,06,625 per month.
You need a minimum monthly income of ₹3,75,682 for a ₹1.5 Crore loan against property from Hero FinCorp (at 11% rate, assuming no existing EMIs).
The total interest payable on ₹1.5 Crore loan against property from Hero FinCorp at 11% for 10 years is ₹97,95,000.
Hero FinCorp charges a processing fee of Up to 2% + GST for Loan Against Property.
Hero FinCorp Loan Against Property prepayment policy: 4% for first 3 years, nil after.