Monthly EMI: ₹1,29,226 at 8.4% for 20 years. Total interest: ₹1,60,14,240.
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With a ₹1.5 Crore home loan from Indian Bank at 8.4% for 20 years, you will pay a monthly EMI of ₹1,29,226. The total amount payable is ₹3,10,14,240, of which ₹1,60,14,240 is interest.
At 8.4% interest rate for 20 years, the EMI for ₹1.5 Crore Home Loan from Indian Bank is ₹1,29,226 per month. Total interest payable: ₹1,60,14,240.
Indian Bank offers Home Loan at 8.40 - 10.40% p.a. The actual rate may vary based on your credit score, income, and the loan amount.
For ₹1.5 Crore at 8.4% for 20 years, you would pay approximately ₹1,60,14,240 as total interest, making the total repayment ₹3,10,14,240.
Indian Bank's prepayment policy for Home Loan: Nil for floating rate. Making prepayments can significantly reduce your total interest outgo.
Indian Bank offers competitive rates starting from 8.40 - 10.40% with tenure up to 30 years. Compare with other banks on this page to find the best option for your ₹1.5 Crore home loan.