Question must be coming in your mind that how much EMI will have to be paid on a home loan of Rs 20 lakh?
If a home loan of Rs 20 lakh is taken at an interest rate of 6.80% per annum, then the EMI will be as follows.
Taking Rs 20 lakh on a repayment tenure of 5 years, EMI will be Rs 39,414 per month.
Taking 20 lakhs on a repayment tenure of 10 years, EMI will be Rs 23,016 per month.
Taking Rs 20 lakh on a repayment tenure of 15 years will cost an EMI of Rs 17,754 per month.
Taking Rs 20 lakh on a repayment tenure of 20 years, EMI will be Rs 15,267 per month.
Taking Rs 20 lakh on a repayment tenure of 25 years will cost an EMI of Rs 13,881 per month.
Taking Rs 20 lakh on a repayment tenure of 30 years will cost an EMI of Rs 13,038 per month.
The lowest interest rate is from Citibank which starts at 6.50% p.a.
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