Monthly EMI: ₹25,880 at 9.5% for 10 years. Total interest: ₹11,05,600.
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With a ₹20 Lakh loan against property from Axis Bank at 9.5% for 10 years, you will pay a monthly EMI of ₹25,880. The total amount payable is ₹31,05,600, of which ₹11,05,600 is interest.
At 9.5% interest rate for 10 years, the EMI for ₹20 Lakh Loan Against Property from Axis Bank is ₹25,880 per month. Total interest payable: ₹11,05,600.
Axis Bank offers Loan Against Property at 9.50 - 14.95% p.a. The actual rate may vary based on your credit score, income, and the loan amount.
For ₹20 Lakh at 9.5% for 10 years, you would pay approximately ₹11,05,600 as total interest, making the total repayment ₹31,05,600.
Axis Bank's prepayment policy for Loan Against Property: 2% within first 3 years, nil after. Making prepayments can significantly reduce your total interest outgo.
Axis Bank offers competitive rates starting from 9.50 - 14.95% with tenure up to 20 years. Compare with other banks on this page to find the best option for your ₹20 Lakh loan against property.