EMI: ₹2,54,435/month at 9.1%. Min income: ₹5,08,870/month.
A ₹2 Crore loan against property from Kotak Mahindra Bank at 9.1% interest for 10 years will cost you ₹2,54,435 per month as EMI. You will pay a total interest of ₹1,05,32,200 over the loan tenure. The minimum monthly income needed is ₹5,08,870 (assuming no existing EMIs).
Kotak Mahindra Bank Loan Against Property EMI for ₹2 Crore at 9.1% for 10 years is ₹2,54,435 per month.
You need a minimum monthly income of ₹5,08,870 for a ₹2 Crore loan against property from Kotak Mahindra Bank (at 9.1% rate, assuming no existing EMIs).
The total interest payable on ₹2 Crore loan against property from Kotak Mahindra Bank at 9.1% for 10 years is ₹1,05,32,200.
Kotak Mahindra Bank charges a processing fee of 1% of loan amount + GST for Loan Against Property.
Kotak Mahindra Bank Loan Against Property prepayment policy: Nil for floating rate.