Monthly EMI: ₹25,335 at 9% for 10 years. Total interest: ₹10,40,200.
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With a ₹20 Lakh loan against property from IDBI Bank at 9% for 10 years, you will pay a monthly EMI of ₹25,335. The total amount payable is ₹30,40,200, of which ₹10,40,200 is interest.
At 9% interest rate for 10 years, the EMI for ₹20 Lakh Loan Against Property from IDBI Bank is ₹25,335 per month. Total interest payable: ₹10,40,200.
IDBI Bank offers Loan Against Property at 9.00 - 12.00% p.a. The actual rate may vary based on your credit score, income, and the loan amount.
For ₹20 Lakh at 9% for 10 years, you would pay approximately ₹10,40,200 as total interest, making the total repayment ₹30,40,200.
IDBI Bank's prepayment policy for Loan Against Property: Nil for floating rate. Making prepayments can significantly reduce your total interest outgo.
IDBI Bank offers competitive rates starting from 9.00 - 12.00% with tenure up to 15 years. Compare with other banks on this page to find the best option for your ₹20 Lakh loan against property.