Monthly EMI: ₹1,32,078 at 8.7% for 20 years. Total interest: ₹1,66,98,720.
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With a ₹1.5 Crore home loan from South Indian Bank at 8.7% for 20 years, you will pay a monthly EMI of ₹1,32,078. The total amount payable is ₹3,16,98,720, of which ₹1,66,98,720 is interest.
At 8.7% interest rate for 20 years, the EMI for ₹1.5 Crore Home Loan from South Indian Bank is ₹1,32,078 per month. Total interest payable: ₹1,66,98,720.
South Indian Bank offers Home Loan at 8.70 - 11.20% p.a. The actual rate may vary based on your credit score, income, and the loan amount.
For ₹1.5 Crore at 8.7% for 20 years, you would pay approximately ₹1,66,98,720 as total interest, making the total repayment ₹3,16,98,720.
South Indian Bank's prepayment policy for Home Loan: Nil for floating rate. Making prepayments can significantly reduce your total interest outgo.
South Indian Bank offers competitive rates starting from 8.70 - 11.20% with tenure up to 25 years. Compare with other banks on this page to find the best option for your ₹1.5 Crore home loan.