Monthly EMI: ₹93,213 at 9.5% for 20 years. Total interest: ₹1,23,71,120.
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With a ₹1 Crore home loan from Mahindra Finance at 9.5% for 20 years, you will pay a monthly EMI of ₹93,213. The total amount payable is ₹2,23,71,120, of which ₹1,23,71,120 is interest.
At 9.5% interest rate for 20 years, the EMI for ₹1 Crore Home Loan from Mahindra Finance is ₹93,213 per month. Total interest payable: ₹1,23,71,120.
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 Crore at 9.5% for 20 years, you would pay approximately ₹1,23,71,120 as total interest, making the total repayment ₹2,23,71,120.
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 Crore home loan.