EMI: ₹63,338/month at 9%. Min income: ₹1,21,804/month.
A ₹50 Lakh loan against property from IDBI Bank at 9% interest for 10 years will cost you ₹63,338 per month as EMI. You will pay a total interest of ₹26,00,560 over the loan tenure. The minimum monthly income needed is ₹1,21,804 (assuming no existing EMIs).
IDBI Bank Loan Against Property EMI for ₹50 Lakh at 9% for 10 years is ₹63,338 per month.
You need a minimum monthly income of ₹1,21,804 for a ₹50 Lakh loan against property from IDBI Bank (at 9% rate, assuming no existing EMIs).
The total interest payable on ₹50 Lakh loan against property from IDBI Bank at 9% for 10 years is ₹26,00,560.
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.