Monthly EMI: ₹13,493 at 10.5% for 10 years. Total interest: ₹6,19,160.
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With a ₹10 Lakh loan against property from L&T Finance at 10.5% for 10 years, you will pay a monthly EMI of ₹13,493. The total amount payable is ₹16,19,160, of which ₹6,19,160 is interest.
At 10.5% interest rate for 10 years, the EMI for ₹10 Lakh Loan Against Property from L&T Finance is ₹13,493 per month. Total interest payable: ₹6,19,160.
L&T Finance offers Loan Against Property at 10.50 - 14.50% p.a. The actual rate may vary based on your credit score, income, and the loan amount.
For ₹10 Lakh at 10.5% for 10 years, you would pay approximately ₹6,19,160 as total interest, making the total repayment ₹16,19,160.
L&T Finance's prepayment policy for Loan Against Property: 4% for fixed, nil for floating. Making prepayments can significantly reduce your total interest outgo.
L&T Finance offers competitive rates starting from 10.50 - 14.50% with tenure up to 15 years. Compare with other banks on this page to find the best option for your ₹10 Lakh loan against property.