EMI: ₹48,251/month at 10%. Min income: ₹87,730/month.
A ₹50 Lakh home loan from Muthoot Finance at 10% interest for 20 years will cost you ₹48,251 per month as EMI. You will pay a total interest of ₹65,80,240 over the loan tenure. The minimum monthly income needed is ₹87,730 (assuming no existing EMIs).
Muthoot Finance Home Loan EMI for ₹50 Lakh at 10% for 20 years is ₹48,251 per month.
You need a minimum monthly income of ₹87,730 for a ₹50 Lakh home loan from Muthoot Finance (at 10% rate, assuming no existing EMIs).
The total interest payable on ₹50 Lakh home loan from Muthoot Finance at 10% for 20 years is ₹65,80,240.
Muthoot Finance charges a processing fee of 1% + GST for Home Loan.
Muthoot Finance Home Loan prepayment policy: Nil for floating rate.