EMI: ₹1,90,014/month at 9%. Min income: ₹3,65,412/month.
A ₹1.5 Crore loan against property from IDBI Bank at 9% interest for 10 years will cost you ₹1,90,014 per month as EMI. You will pay a total interest of ₹78,01,680 over the loan tenure. The minimum monthly income needed is ₹3,65,412 (assuming no existing EMIs).
IDBI Bank Loan Against Property EMI for ₹1.5 Crore at 9% for 10 years is ₹1,90,014 per month.
You need a minimum monthly income of ₹3,65,412 for a ₹1.5 Crore loan against property from IDBI Bank (at 9% rate, assuming no existing EMIs).
The total interest payable on ₹1.5 Crore loan against property from IDBI Bank at 9% for 10 years is ₹78,01,680.
IDBI Bank charges a processing fee of 0.50% of loan amount + GST for Loan Against Property.
IDBI Bank Loan Against Property prepayment policy: Nil for floating rate.