Monthly EMI: ₹38,768 at 8.4% for 20 years. Total interest: ₹48,04,320.
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With a ₹45 Lakh home loan from IDBI Bank at 8.4% for 20 years, you will pay a monthly EMI of ₹38,768. The total amount payable is ₹93,04,320, of which ₹48,04,320 is interest.
At 8.4% interest rate for 20 years, the EMI for ₹45 Lakh Home Loan from IDBI Bank is ₹38,768 per month. Total interest payable: ₹48,04,320.
IDBI Bank offers Home Loan at 8.40 - 12.25% p.a. The actual rate may vary based on your credit score, income, and the loan amount.
For ₹45 Lakh at 8.4% for 20 years, you would pay approximately ₹48,04,320 as total interest, making the total repayment ₹93,04,320.
IDBI Bank's prepayment policy for Home Loan: Nil for floating rate. Making prepayments can significantly reduce your total interest outgo.
IDBI Bank offers competitive rates starting from 8.40 - 12.25% with tenure up to 30 years. Compare with other banks on this page to find the best option for your ₹45 Lakh home loan.