Monthly EMI: ₹18,643 at 9.5% for 20 years. Total interest: ₹24,74,320.
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With a ₹20 Lakh home loan from Mahindra Finance at 9.5% for 20 years, you will pay a monthly EMI of ₹18,643. The total amount payable is ₹44,74,320, of which ₹24,74,320 is interest.
At 9.5% interest rate for 20 years, the EMI for ₹20 Lakh Home Loan from Mahindra Finance is ₹18,643 per month. Total interest payable: ₹24,74,320.
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 ₹20 Lakh at 9.5% for 20 years, you would pay approximately ₹24,74,320 as total interest, making the total repayment ₹44,74,320.
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 ₹20 Lakh home loan.