Monthly EMI: ₹68,920 at 8.4% for 20 years. Total interest: ₹85,40,800.
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With a ₹80 Lakh home loan from Bank of India at 8.4% for 20 years, you will pay a monthly EMI of ₹68,920. The total amount payable is ₹1,65,40,800, of which ₹85,40,800 is interest.
At 8.4% interest rate for 20 years, the EMI for ₹80 Lakh Home Loan from Bank of India is ₹68,920 per month. Total interest payable: ₹85,40,800.
Bank of India offers Home Loan at 8.40 - 10.85% p.a. The actual rate may vary based on your credit score, income, and the loan amount.
For ₹80 Lakh at 8.4% for 20 years, you would pay approximately ₹85,40,800 as total interest, making the total repayment ₹1,65,40,800.
Bank of India's prepayment policy for Home Loan: Nil for floating rate. Making prepayments can significantly reduce your total interest outgo.
Bank of India offers competitive rates starting from 8.40 - 10.85% with tenure up to 30 years. Compare with other banks on this page to find the best option for your ₹80 Lakh home loan.