EMI: ₹46,607/month at 9.5%. Min income: ₹84,740/month.
A ₹50 Lakh home loan from Mahindra Finance at 9.5% interest for 20 years will cost you ₹46,607 per month as EMI. You will pay a total interest of ₹61,85,680 over the loan tenure. The minimum monthly income needed is ₹84,740 (assuming no existing EMIs).
Mahindra Finance Home Loan EMI for ₹50 Lakh at 9.5% for 20 years is ₹46,607 per month.
You need a minimum monthly income of ₹84,740 for a ₹50 Lakh home loan from Mahindra Finance (at 9.5% rate, assuming no existing EMIs).
The total interest payable on ₹50 Lakh home loan from Mahindra Finance at 9.5% for 20 years is ₹61,85,680.
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.