EMI: ₹37,517/month at 8.7%. Min income: ₹72,149/month.
A ₹30 Lakh loan against property from SBI at 8.7% interest for 10 years will cost you ₹37,517 per month as EMI. You will pay a total interest of ₹15,02,040 over the loan tenure. The minimum monthly income needed is ₹72,149 (assuming no existing EMIs).
SBI Loan Against Property EMI for ₹30 Lakh at 8.7% for 10 years is ₹37,517 per month.
You need a minimum monthly income of ₹72,149 for a ₹30 Lakh loan against property from SBI (at 8.7% rate, assuming no existing EMIs).
The total interest payable on ₹30 Lakh loan against property from SBI at 8.7% for 10 years is ₹15,02,040.
SBI charges a processing fee of 0.50% of loan amount + GST for Loan Against Property.
SBI Loan Against Property prepayment policy: Nil for floating rate.