Monthly EMI: ₹9,321 at 9.5% for 20 years. Total interest: ₹12,37,040.
| Year | Principal | Interest | Balance |
|---|
With a ₹10 Lakh home loan from Mahindra Finance at 9.5% for 20 years, you will pay a monthly EMI of ₹9,321. The total amount payable is ₹22,37,040, of which ₹12,37,040 is interest.
At 9.5% interest rate for 20 years, the EMI for ₹10 Lakh Home Loan from Mahindra Finance is ₹9,321 per month. Total interest payable: ₹12,37,040.
Mahindra Finance offers Home Loan at 9.50 - 15.00% p.a. The actual rate may vary based on your credit score, income, and the loan amount.
For ₹10 Lakh at 9.5% for 20 years, you would pay approximately ₹12,37,040 as total interest, making the total repayment ₹22,37,040.
Mahindra Finance's prepayment policy for Home Loan: 3% for first 3 years, nil after. Making prepayments can significantly reduce your total interest outgo.
Mahindra Finance offers competitive rates starting from 9.50 - 15.00% with tenure up to 20 years. Compare with other banks on this page to find the best option for your ₹10 Lakh home loan.