Monthly EMI: ₹1,29,226 at 8.4% for 20 years. Total interest: ₹1,60,14,240.
| Year | Principal | Interest | Balance |
|---|
With a ₹1.5 Crore home loan from Bank of India at 8.4% for 20 years, you will pay a monthly EMI of ₹1,29,226. The total amount payable is ₹3,10,14,240, of which ₹1,60,14,240 is interest.
At 8.4% interest rate for 20 years, the EMI for ₹1.5 Crore Home Loan from Bank of India is ₹1,29,226 per month. Total interest payable: ₹1,60,14,240.
Bank of India offers Home Loan at 8.40 - 10.85% p.a. The actual rate may vary based on your credit score, income, and the loan amount.
For ₹1.5 Crore at 8.4% for 20 years, you would pay approximately ₹1,60,14,240 as total interest, making the total repayment ₹3,10,14,240.
Bank of India's prepayment policy for Home Loan: Nil for floating rate. Making prepayments can significantly reduce your total interest outgo.
Bank of India offers competitive rates starting from 8.40 - 10.85% with tenure up to 30 years. Compare with other banks on this page to find the best option for your ₹1.5 Crore home loan.