EMI: ₹87,734/month at 8.65%. Min income: ₹1,59,517/month.
A ₹1 Crore home loan from L&T Finance at 8.65% interest for 20 years will cost you ₹87,734 per month as EMI. You will pay a total interest of ₹1,10,56,160 over the loan tenure. The minimum monthly income needed is ₹1,59,517 (assuming no existing EMIs).
L&T Finance Home Loan EMI for ₹1 Crore at 8.65% for 20 years is ₹87,734 per month.
You need a minimum monthly income of ₹1,59,517 for a ₹1 Crore home loan from L&T Finance (at 8.65% rate, assuming no existing EMIs).
The total interest payable on ₹1 Crore home loan from L&T Finance at 8.65% for 20 years is ₹1,10,56,160.
L&T Finance charges a processing fee of Up to 2% of loan amount + GST for Home Loan.
L&T Finance Home Loan prepayment policy: 4% for fixed, nil for floating.