EMI: ₹41,946/month at 9.5%. Min income: ₹76,266/month.
A ₹45 Lakh home loan from Mahindra Finance at 9.5% interest for 20 years will cost you ₹41,946 per month as EMI. You will pay a total interest of ₹55,67,040 over the loan tenure. The minimum monthly income needed is ₹76,266 (assuming no existing EMIs).
Mahindra Finance Home Loan EMI for ₹45 Lakh at 9.5% for 20 years is ₹41,946 per month.
You need a minimum monthly income of ₹76,266 for a ₹45 Lakh home loan from Mahindra Finance (at 9.5% rate, assuming no existing EMIs).
The total interest payable on ₹45 Lakh home loan from Mahindra Finance at 9.5% for 20 years is ₹55,67,040.
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.