EMI: ₹1,37,750/month at 11%. Min income: ₹2,50,455/month.
A ₹1 Crore loan against property from Hero FinCorp at 11% interest for 10 years will cost you ₹1,37,750 per month as EMI. You will pay a total interest of ₹65,30,000 over the loan tenure. The minimum monthly income needed is ₹2,50,455 (assuming no existing EMIs).
Hero FinCorp Loan Against Property EMI for ₹1 Crore at 11% for 10 years is ₹1,37,750 per month.
You need a minimum monthly income of ₹2,50,455 for a ₹1 Crore loan against property from Hero FinCorp (at 11% rate, assuming no existing EMIs).
The total interest payable on ₹1 Crore loan against property from Hero FinCorp at 11% for 10 years is ₹65,30,000.
Hero FinCorp charges a processing fee of Up to 2% + GST for Loan Against Property.
Hero FinCorp Loan Against Property prepayment policy: 4% for first 3 years, nil after.