EMI: ₹74,570/month at 9.5%. Min income: ₹1,35,582/month.
A ₹80 Lakh home loan from Mahindra Finance at 9.5% interest for 20 years will cost you ₹74,570 per month as EMI. You will pay a total interest of ₹98,96,800 over the loan tenure. The minimum monthly income needed is ₹1,35,582 (assuming no existing EMIs).
Mahindra Finance Home Loan EMI for ₹80 Lakh at 9.5% for 20 years is ₹74,570 per month.
You need a minimum monthly income of ₹1,35,582 for a ₹80 Lakh home loan from Mahindra Finance (at 9.5% rate, assuming no existing EMIs).
The total interest payable on ₹80 Lakh home loan from Mahindra Finance at 9.5% for 20 years is ₹98,96,800.
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.