EMI: ₹1,39,820/month at 9.5%. Min income: ₹2,54,219/month.
A ₹1.5 Crore home loan from Mahindra Finance at 9.5% interest for 20 years will cost you ₹1,39,820 per month as EMI. You will pay a total interest of ₹1,85,56,800 over the loan tenure. The minimum monthly income needed is ₹2,54,219 (assuming no existing EMIs).
Mahindra Finance Home Loan EMI for ₹1.5 Crore at 9.5% for 20 years is ₹1,39,820 per month.
You need a minimum monthly income of ₹2,54,219 for a ₹1.5 Crore home loan from Mahindra Finance (at 9.5% rate, assuming no existing EMIs).
The total interest payable on ₹1.5 Crore home loan from Mahindra Finance at 9.5% for 20 years is ₹1,85,56,800.
Mahindra Finance charges a processing fee of 1% + GST for Home Loan.
Mahindra Finance Home Loan prepayment policy: 3% for first 3 years, nil after.