EMI: ₹35,094/month at 8.65%. Min income: ₹63,808/month.
A ₹40 Lakh home loan from L&T Finance at 8.65% interest for 20 years will cost you ₹35,094 per month as EMI. You will pay a total interest of ₹44,22,560 over the loan tenure. The minimum monthly income needed is ₹63,808 (assuming no existing EMIs).
L&T Finance Home Loan EMI for ₹40 Lakh at 8.65% for 20 years is ₹35,094 per month.
You need a minimum monthly income of ₹63,808 for a ₹40 Lakh home loan from L&T Finance (at 8.65% rate, assuming no existing EMIs).
The total interest payable on ₹40 Lakh home loan from L&T Finance at 8.65% for 20 years is ₹44,22,560.
L&T Finance charges a processing fee of Up to 2% of loan amount + GST for Home Loan.
L&T Finance Home Loan prepayment policy: 4% for fixed, nil for floating.