EMI: ₹1,96,155/month at 9.75%. Min income: ₹3,92,310/month.
A ₹1.5 Crore loan against property from South Indian Bank at 9.75% interest for 10 years will cost you ₹1,96,155 per month as EMI. You will pay a total interest of ₹85,38,600 over the loan tenure. The minimum monthly income needed is ₹3,92,310 (assuming no existing EMIs).
South Indian Bank Loan Against Property EMI for ₹1.5 Crore at 9.75% for 10 years is ₹1,96,155 per month.
You need a minimum monthly income of ₹3,92,310 for a ₹1.5 Crore loan against property from South Indian Bank (at 9.75% rate, assuming no existing EMIs).
The total interest payable on ₹1.5 Crore loan against property from South Indian Bank at 9.75% for 10 years is ₹85,38,600.
South Indian Bank charges a processing fee of 1% of loan amount + GST for Loan Against Property.
South Indian Bank Loan Against Property prepayment policy: Nil for floating rate.