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Mahindra Finance Home Loan for ₹20 Lakh

EMI: ₹18,643/month at 9.5%. Min income: ₹33,897/month.

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Your Details
Income Details
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Loan Parameters
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Eligibility Results
Maximum Eligible Loan
₹ 0
Monthly EMI
₹ 0
Total Interest
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Total Payment
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Monthly Income
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Existing EMIs
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New Loan EMI
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Remaining Income
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Mahindra Finance Home Loan for ₹20 Lakh - Key Details

Interest Rate
9.5% p.a.
Monthly EMI
₹18,643
Total Interest
₹24,74,320
Total Payment
₹44,74,320
Min Income Required
₹33,897/mo
Processing Fee
1% + GST

A ₹20 Lakh home loan from Mahindra Finance at 9.5% interest for 20 years will cost you ₹18,643 per month as EMI. You will pay a total interest of ₹24,74,320 over the loan tenure. The minimum monthly income needed is ₹33,897 (assuming no existing EMIs).

Frequently Asked Questions

What is Mahindra Finance home loan EMI for ₹20 Lakh?

Mahindra Finance Home Loan EMI for ₹20 Lakh at 9.5% for 20 years is ₹18,643 per month.

What income do I need for ₹20 Lakh home loan from Mahindra Finance?

You need a minimum monthly income of ₹33,897 for a ₹20 Lakh home loan from Mahindra Finance (at 9.5% rate, assuming no existing EMIs).

What is the total interest on ₹20 Lakh home loan from Mahindra Finance?

The total interest payable on ₹20 Lakh home loan from Mahindra Finance at 9.5% for 20 years is ₹24,74,320.

What is Mahindra Finance's processing fee for ₹20 Lakh home loan?

Mahindra Finance charges a processing fee of 1% + GST for Home Loan.

Can I prepay my Mahindra Finance home loan?

Mahindra Finance Home Loan prepayment policy: 3% for first 3 years, nil after.

₹20 Lakh Home Loan from Other Banks

SBIFrom 8.50 - 9.85%HDFC BankFrom 8.75 - 9.95%ICICI BankFrom 8.75 - 10.05%Axis BankFrom 8.75 - 13.30%Kotak Mahindra BankFrom 8.75 - 9.65%Bank of BarodaFrom 8.40 - 10.65%PNBFrom 8.45 - 10.25%Canara BankFrom 8.40 - 10.95%Union BankFrom 8.35 - 10.75%Indian BankFrom 8.40 - 10.40%

Other Mahindra Finance Home Loan Amounts

₹10 LakhEMI ₹9,321/mo₹15 LakhEMI ₹13,982/mo₹25 LakhEMI ₹23,303/mo₹30 LakhEMI ₹27,964/mo₹35 LakhEMI ₹32,625/mo₹40 LakhEMI ₹37,285/mo₹45 LakhEMI ₹41,946/mo₹50 LakhEMI ₹46,607/mo