EMI: ₹2,69,870/month at 10.5%. Min income: ₹4,90,673/month.
A ₹2 Crore loan against property from L&T Finance at 10.5% interest for 10 years will cost you ₹2,69,870 per month as EMI. You will pay a total interest of ₹1,23,84,400 over the loan tenure. The minimum monthly income needed is ₹4,90,673 (assuming no existing EMIs).
L&T Finance Loan Against Property EMI for ₹2 Crore at 10.5% for 10 years is ₹2,69,870 per month.
You need a minimum monthly income of ₹4,90,673 for a ₹2 Crore loan against property from L&T Finance (at 10.5% rate, assuming no existing EMIs).
The total interest payable on ₹2 Crore loan against property from L&T Finance at 10.5% for 10 years is ₹1,23,84,400.
L&T Finance charges a processing fee of Up to 2% of loan amount + GST for Loan Against Property.
L&T Finance Loan Against Property prepayment policy: 4% for fixed, nil for floating.