EMI: ₹25,335/month at 9%. Min income: ₹48,722/month.
A ₹20 Lakh loan against property from Union Bank at 9% interest for 10 years will cost you ₹25,335 per month as EMI. You will pay a total interest of ₹10,40,200 over the loan tenure. The minimum monthly income needed is ₹48,722 (assuming no existing EMIs).
Union Bank Loan Against Property EMI for ₹20 Lakh at 9% for 10 years is ₹25,335 per month.
You need a minimum monthly income of ₹48,722 for a ₹20 Lakh loan against property from Union Bank (at 9% rate, assuming no existing EMIs).
The total interest payable on ₹20 Lakh loan against property from Union Bank at 9% for 10 years is ₹10,40,200.
Union Bank charges a processing fee of 0.50% of loan amount + GST for Loan Against Property.
Union Bank Loan Against Property prepayment policy: Nil for floating rate.