Monthly EMI: ₹26,987 at 10.5% for 10 years. Total interest: ₹12,38,440.
| Year | Principal | Interest | Balance |
|---|
With a ₹20 Lakh loan against property from L&T Finance at 10.5% for 10 years, you will pay a monthly EMI of ₹26,987. The total amount payable is ₹32,38,440, of which ₹12,38,440 is interest.
At 10.5% interest rate for 10 years, the EMI for ₹20 Lakh Loan Against Property from L&T Finance is ₹26,987 per month. Total interest payable: ₹12,38,440.
L&T Finance offers Loan Against Property at 10.50 - 14.50% p.a. The actual rate may vary based on your credit score, income, and the loan amount.
For ₹20 Lakh at 10.5% for 10 years, you would pay approximately ₹12,38,440 as total interest, making the total repayment ₹32,38,440.
L&T Finance's prepayment policy for Loan Against Property: 4% for fixed, nil for floating. Making prepayments can significantly reduce your total interest outgo.
L&T Finance offers competitive rates starting from 10.50 - 14.50% with tenure up to 15 years. Compare with other banks on this page to find the best option for your ₹20 Lakh loan against property.