Monthly EMI: ₹60,305 at 8.4% for 20 years. Total interest: ₹74,73,200.
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With a ₹70 Lakh home loan from IDBI Bank at 8.4% for 20 years, you will pay a monthly EMI of ₹60,305. The total amount payable is ₹1,44,73,200, of which ₹74,73,200 is interest.
At 8.4% interest rate for 20 years, the EMI for ₹70 Lakh Home Loan from IDBI Bank is ₹60,305 per month. Total interest payable: ₹74,73,200.
IDBI Bank offers Home Loan at 8.40 - 12.25% p.a. The actual rate may vary based on your credit score, income, and the loan amount.
For ₹70 Lakh at 8.4% for 20 years, you would pay approximately ₹74,73,200 as total interest, making the total repayment ₹1,44,73,200.
IDBI Bank's prepayment policy for Home Loan: Nil for floating rate. Making prepayments can significantly reduce your total interest outgo.
IDBI Bank offers competitive rates starting from 8.40 - 12.25% with tenure up to 30 years. Compare with other banks on this page to find the best option for your ₹70 Lakh home loan.