EMI on a 20 lakh home loan for 20 years
|Loan Amount||Interest rate||EMI|
Beside this, what is the EMI for 12 lakhs home loan?
Banks which are offering
|Monthly Payment (EMI)||Total Interest Payable in 20 years||Total Payment (Principal + Interest) after 20 years for 12 Lakh of loan amount|
|Rs. 9160||Rs. 998418||Rs. 2198418|
Simply so, which bank is best for home loan in 2020?
Top banks / NBFCs / HFCs offering best home loan in India are:
- State Bank of India (SBI)
- HDFC Ltd.
- Bajaj Housing Finance Ltd.
- ICICI Bank.
- LIC Housing Finance Ltd.
- Axis Bank.
- Bank of Baroda.
- Kotak Mahindra Bank.
What is the EMI of 25 lakhs?
Current EMI for ? 25 Lakh loan is ? 16,049 and EMI for ? 30 Lakh loan is ? 19,259 for a 30 Years year loan at the minimum interest rate.
Most lenders determine the maximum loan amount up to 10 times of your monthly salary. If you earn Rs. 25,000 per month, you may become eligible for up to Rs. 2.5 Lakhs.
EMI Calculations for a Home Loan of Rs. 15 Lakh with Different Tenors
|Loan Amount||EMI when Tenor is 10 Years||EMI when Tenor is 20 Years|
|Tenure||Rates||Maturity Amount for ? 1 Lakh|
|46 days to 179 days||3.90% to 4.40%||? 1,00,492 – ? 1,02,169|
|180 days to 210 days||4.40% to 4.90%||? 1,02,181 – ? 1,02,842|
HDB Financial Services offers personal loans of up to Rs. 20 lakh to individuals who earn a minimum income of Rs. 15,000.
Shri Kapil Wadhawan
Interest Rates and Other Charges for Aadhaar Card Loan
|Fees and Charges||Amount Chargeable|
|Interest Rate||Starts from 1.33% per month|
|Loan Processing Charges||Varies from 2% to 8% of the approved loan amount. The processing fee is deducted upfront from the approved loan.|
As per the information given on the SBI website, you should be a small entrepreneur. You’re saving account or current account in SBI must be at least 6 months old. It is to be noted that the loan period is maximum for 5 years. If you apply under SBI e-Mudra loan, you can get a loan of Rs 50,000 online from home.
|Car Loan Lender||Interest Rate (in per annum)|
|ICICI Bank||9.30% – 12.85%|
|HDFC Bank||7.70% – 13.55%|
|Bank of India||7.35% – 7.95%|
|IDBI Bank||8.10% – 8.70%|
|Home Loan Interest Rates May 2021|
|Citibank||6.65% – 7.40%|
|HDFC||6.75% – 8.00%|
|ICICI Bank||6.75% – 7.55%|
|Indiabulls Housing Finance Limited||8.65%|
|Cons||The max loan amount lower as compared with HDFC bank||Higher rates of interest compared to State Bank of India|