EMI: ₹1,29,398/month at 9.5%. Min income: ₹2,58,796/month.
A ₹1 Crore loan against property from Axis Bank at 9.5% interest for 10 years will cost you ₹1,29,398 per month as EMI. You will pay a total interest of ₹55,27,760 over the loan tenure. The minimum monthly income needed is ₹2,58,796 (assuming no existing EMIs).
Axis Bank Loan Against Property EMI for ₹1 Crore at 9.5% for 10 years is ₹1,29,398 per month.
You need a minimum monthly income of ₹2,58,796 for a ₹1 Crore loan against property from Axis Bank (at 9.5% rate, assuming no existing EMIs).
The total interest payable on ₹1 Crore loan against property from Axis Bank at 9.5% for 10 years is ₹55,27,760.
Axis Bank charges a processing fee of 1% of loan amount for Loan Against Property.
Axis Bank Loan Against Property prepayment policy: 2% within first 3 years, nil after.