EMI: ₹2,58,795/month at 9.5%. Min income: ₹5,17,590/month.
A ₹2 Crore loan against property from Axis Bank at 9.5% interest for 10 years will cost you ₹2,58,795 per month as EMI. You will pay a total interest of ₹1,10,55,400 over the loan tenure. The minimum monthly income needed is ₹5,17,590 (assuming no existing EMIs).
Axis Bank Loan Against Property EMI for ₹2 Crore at 9.5% for 10 years is ₹2,58,795 per month.
You need a minimum monthly income of ₹5,17,590 for a ₹2 Crore loan against property from Axis Bank (at 9.5% rate, assuming no existing EMIs).
The total interest payable on ₹2 Crore loan against property from Axis Bank at 9.5% for 10 years is ₹1,10,55,400.
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.