Monthly EMI: ₹1,29,699 at 8.45% for 20 years. Total interest: ₹1,61,27,760.
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With a ₹1.5 Crore home loan from Central Bank at 8.45% for 20 years, you will pay a monthly EMI of ₹1,29,699. The total amount payable is ₹3,11,27,760, of which ₹1,61,27,760 is interest.
At 8.45% interest rate for 20 years, the EMI for ₹1.5 Crore Home Loan from Central Bank is ₹1,29,699 per month. Total interest payable: ₹1,61,27,760.
Central Bank offers Home Loan at 8.45 - 10.50% p.a. The actual rate may vary based on your credit score, income, and the loan amount.
For ₹1.5 Crore at 8.45% for 20 years, you would pay approximately ₹1,61,27,760 as total interest, making the total repayment ₹3,11,27,760.
Central Bank's prepayment policy for Home Loan: Nil for floating rate. Making prepayments can significantly reduce your total interest outgo.
Central Bank offers competitive rates starting from 8.45 - 10.50% 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.