EMI: ₹23,303/month at 9.5%. Min income: ₹42,370/month.
A ₹25 Lakh home loan from Mahindra Finance at 9.5% interest for 20 years will cost you ₹23,303 per month as EMI. You will pay a total interest of ₹30,92,720 over the loan tenure. The minimum monthly income needed is ₹42,370 (assuming no existing EMIs).
Mahindra Finance Home Loan EMI for ₹25 Lakh at 9.5% for 20 years is ₹23,303 per month.
You need a minimum monthly income of ₹42,370 for a ₹25 Lakh home loan from Mahindra Finance (at 9.5% rate, assuming no existing EMIs).
The total interest payable on ₹25 Lakh home loan from Mahindra Finance at 9.5% for 20 years is ₹30,92,720.
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.