Monthly EMI: ₹17,610 at 8.7% for 20 years. Total interest: ₹22,26,400.
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With a ₹20 Lakh home loan from Federal Bank at 8.7% for 20 years, you will pay a monthly EMI of ₹17,610. The total amount payable is ₹42,26,400, of which ₹22,26,400 is interest.
At 8.7% interest rate for 20 years, the EMI for ₹20 Lakh Home Loan from Federal Bank is ₹17,610 per month. Total interest payable: ₹22,26,400.
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 ₹20 Lakh at 8.7% for 20 years, you would pay approximately ₹22,26,400 as total interest, making the total repayment ₹42,26,400.
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 ₹20 Lakh home loan.