Monthly EMI: ₹1,39,820 at 9.5% for 20 years. Total interest: ₹1,85,56,800.
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With a ₹1.5 Crore home loan from Mahindra Finance at 9.5% for 20 years, you will pay a monthly EMI of ₹1,39,820. The total amount payable is ₹3,35,56,800, of which ₹1,85,56,800 is interest.
At 9.5% interest rate for 20 years, the EMI for ₹1.5 Crore Home Loan from Mahindra Finance is ₹1,39,820 per month. Total interest payable: ₹1,85,56,800.
Mahindra Finance offers Home Loan at 9.50 - 15.00% p.a. The actual rate may vary based on your credit score, income, and the loan amount.
For ₹1.5 Crore at 9.5% for 20 years, you would pay approximately ₹1,85,56,800 as total interest, making the total repayment ₹3,35,56,800.
Mahindra Finance's prepayment policy for Home Loan: 3% for first 3 years, nil after. Making prepayments can significantly reduce your total interest outgo.
Mahindra Finance offers competitive rates starting from 9.50 - 15.00% with tenure up to 20 years. Compare with other banks on this page to find the best option for your ₹1.5 Crore home loan.