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Bank of India Loan Against Property for ₹1.5 Crore

EMI: ₹1,90,826/month at 9.1%. Min income: ₹3,66,974/month.

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Your Details
Income Details
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₹
Loan Parameters
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Eligibility Results
Maximum Eligible Loan
₹ 0
Monthly EMI
₹ 0
Total Interest
₹ 0
Total Payment
₹ 0
Monthly Income
₹ 0
Existing EMIs
₹ 0
0%
New Loan EMI
₹ 0
0%
Remaining Income
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0%

Bank of India Loan Against Property for ₹1.5 Crore - Key Details

Interest Rate
9.1% p.a.
Monthly EMI
₹1,90,826
Total Interest
₹78,99,120
Total Payment
₹2,28,99,120
Min Income Required
₹3,66,974/mo
Processing Fee
0.50% of loan amount + GST

A ₹1.5 Crore loan against property from Bank of India at 9.1% interest for 10 years will cost you ₹1,90,826 per month as EMI. You will pay a total interest of ₹78,99,120 over the loan tenure. The minimum monthly income needed is ₹3,66,974 (assuming no existing EMIs).

Frequently Asked Questions

What is Bank of India loan against property EMI for ₹1.5 Crore?

Bank of India Loan Against Property EMI for ₹1.5 Crore at 9.1% for 10 years is ₹1,90,826 per month.

What income do I need for ₹1.5 Crore loan against property from Bank of India?

You need a minimum monthly income of ₹3,66,974 for a ₹1.5 Crore loan against property from Bank of India (at 9.1% rate, assuming no existing EMIs).

What is the total interest on ₹1.5 Crore loan against property from Bank of India?

The total interest payable on ₹1.5 Crore loan against property from Bank of India at 9.1% for 10 years is ₹78,99,120.

What is Bank of India's processing fee for ₹1.5 Crore loan against property?

Bank of India charges a processing fee of 0.50% of loan amount + GST for Loan Against Property.

Can I prepay my Bank of India loan against property?

Bank of India Loan Against Property prepayment policy: Nil for floating rate.

₹1.5 Crore Loan Against Property from Other Banks

SBIFrom 8.70 - 10.90%HDFC BankFrom 9.00 - 11.50%ICICI BankFrom 9.20 - 11.75%Axis BankFrom 9.50 - 14.95%Kotak Mahindra BankFrom 9.10 - 12.50%Bank of BarodaFrom 9.15 - 12.15%PNBFrom 9.00 - 11.50%Canara BankFrom 8.95 - 12.00%Union BankFrom 9.00 - 11.80%Indian BankFrom 9.10 - 11.60%

Other Bank of India Loan Against Property Amounts

₹10 LakhEMI ₹12,722/mo₹20 LakhEMI ₹25,444/mo₹30 LakhEMI ₹38,165/mo₹50 LakhEMI ₹63,609/mo₹75 LakhEMI ₹95,413/mo₹1 CroreEMI ₹1,27,218/mo₹2 CroreEMI ₹2,54,435/mo