Monthly EMI: ₹35,094 at 8.65% for 20 years. Total interest: ₹44,22,560.
| Year | Principal | Interest | Balance |
|---|
With a ₹40 Lakh home loan from L&T Finance at 8.65% for 20 years, you will pay a monthly EMI of ₹35,094. The total amount payable is ₹84,22,560, of which ₹44,22,560 is interest.
At 8.65% interest rate for 20 years, the EMI for ₹40 Lakh Home Loan from L&T Finance is ₹35,094 per month. Total interest payable: ₹44,22,560.
L&T Finance offers Home Loan at 8.65 - 14.00% p.a. The actual rate may vary based on your credit score, income, and the loan amount.
For ₹40 Lakh at 8.65% for 20 years, you would pay approximately ₹44,22,560 as total interest, making the total repayment ₹84,22,560.
L&T Finance's prepayment policy for Home Loan: 4% for fixed, nil for floating. Making prepayments can significantly reduce your total interest outgo.
L&T Finance offers competitive rates starting from 8.65 - 14.00% with tenure up to 25 years. Compare with other banks on this page to find the best option for your ₹40 Lakh home loan.