Monthly EMI: ₹34,334 at 8.35% for 20 years. Total interest: ₹42,40,160.
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With a ₹40 Lakh home loan from Union Bank at 8.35% for 20 years, you will pay a monthly EMI of ₹34,334. The total amount payable is ₹82,40,160, of which ₹42,40,160 is interest.
At 8.35% interest rate for 20 years, the EMI for ₹40 Lakh Home Loan from Union Bank is ₹34,334 per month. Total interest payable: ₹42,40,160.
Union Bank offers Home Loan at 8.35 - 10.75% p.a. The actual rate may vary based on your credit score, income, and the loan amount.
For ₹40 Lakh at 8.35% for 20 years, you would pay approximately ₹42,40,160 as total interest, making the total repayment ₹82,40,160.
Union Bank's prepayment policy for Home Loan: Nil for floating rate. Making prepayments can significantly reduce your total interest outgo.
Union Bank offers competitive rates starting from 8.35 - 10.75% with tenure up to 30 years. Compare with other banks on this page to find the best option for your ₹40 Lakh home loan.