EMI: ₹32,625/month at 9.5%. Min income: ₹59,319/month.
A ₹35 Lakh home loan from Mahindra Finance at 9.5% interest for 20 years will cost you ₹32,625 per month as EMI. You will pay a total interest of ₹43,30,000 over the loan tenure. The minimum monthly income needed is ₹59,319 (assuming no existing EMIs).
Mahindra Finance Home Loan EMI for ₹35 Lakh at 9.5% for 20 years is ₹32,625 per month.
You need a minimum monthly income of ₹59,319 for a ₹35 Lakh home loan from Mahindra Finance (at 9.5% rate, assuming no existing EMIs).
The total interest payable on ₹35 Lakh home loan from Mahindra Finance at 9.5% for 20 years is ₹43,30,000.
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.