Monthly EMI: ₹8,805 at 8.7% for 20 years. Total interest: ₹11,13,200.
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With a ₹10 Lakh home loan from Federal Bank at 8.7% for 20 years, you will pay a monthly EMI of ₹8,805. The total amount payable is ₹21,13,200, of which ₹11,13,200 is interest.
At 8.7% interest rate for 20 years, the EMI for ₹10 Lakh Home Loan from Federal Bank is ₹8,805 per month. Total interest payable: ₹11,13,200.
Federal Bank offers Home Loan at 8.70 - 10.60% p.a. The actual rate may vary based on your credit score, income, and the loan amount.
For ₹10 Lakh at 8.7% for 20 years, you would pay approximately ₹11,13,200 as total interest, making the total repayment ₹21,13,200.
Federal Bank's prepayment policy for Home Loan: Nil for floating rate. Making prepayments can significantly reduce your total interest outgo.
Federal Bank offers competitive rates starting from 8.70 - 10.60% with tenure up to 30 years. Compare with other banks on this page to find the best option for your ₹10 Lakh home loan.