EMI: ₹13,493/month at 10.5%. Min income: ₹24,533/month.
A ₹10 Lakh loan against property from L&T Finance at 10.5% interest for 10 years will cost you ₹13,493 per month as EMI. You will pay a total interest of ₹6,19,160 over the loan tenure. The minimum monthly income needed is ₹24,533 (assuming no existing EMIs).
L&T Finance Loan Against Property EMI for ₹10 Lakh at 10.5% for 10 years is ₹13,493 per month.
You need a minimum monthly income of ₹24,533 for a ₹10 Lakh loan against property from L&T Finance (at 10.5% rate, assuming no existing EMIs).
The total interest payable on ₹10 Lakh loan against property from L&T Finance at 10.5% for 10 years is ₹6,19,160.
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.