EMI: ₹1,29,226/month at 8.4%. Min income: ₹2,48,512/month.
A ₹1.5 Crore home loan from IDBI Bank at 8.4% interest for 20 years will cost you ₹1,29,226 per month as EMI. You will pay a total interest of ₹1,60,14,240 over the loan tenure. The minimum monthly income needed is ₹2,48,512 (assuming no existing EMIs).
IDBI Bank Home Loan EMI for ₹1.5 Crore at 8.4% for 20 years is ₹1,29,226 per month.
You need a minimum monthly income of ₹2,48,512 for a ₹1.5 Crore home loan from IDBI Bank (at 8.4% rate, assuming no existing EMIs).
The total interest payable on ₹1.5 Crore home loan from IDBI Bank at 8.4% for 20 years is ₹1,60,14,240.
IDBI Bank charges a processing fee of 0.50% of loan amount + GST (max ₹20,000) for Home Loan.
IDBI Bank Home Loan prepayment policy: Nil for floating rate.