EMI: ₹1,34,935/month at 10.5%. Min income: ₹2,45,337/month.
A ₹1 Crore loan against property from L&T Finance at 10.5% interest for 10 years will cost you ₹1,34,935 per month as EMI. You will pay a total interest of ₹61,92,200 over the loan tenure. The minimum monthly income needed is ₹2,45,337 (assuming no existing EMIs).
L&T Finance Loan Against Property EMI for ₹1 Crore at 10.5% for 10 years is ₹1,34,935 per month.
You need a minimum monthly income of ₹2,45,337 for a ₹1 Crore loan against property from L&T Finance (at 10.5% rate, assuming no existing EMIs).
The total interest payable on ₹1 Crore loan against property from L&T Finance at 10.5% for 10 years is ₹61,92,200.
L&T Finance charges a processing fee of Up to 2% of loan amount + GST for Loan Against Property.
L&T Finance Loan Against Property prepayment policy: 4% for fixed, nil for floating.