If you're planning to take a home loan of ₹20 lakh, your monthly EMI will vary based on the interest rate and the loan tenure you choose. For instance, with Shubham Housing Finance offering an interest rate of 8.5%, your EMI for a 20-year tenure would be approximately ₹17,356 per month. However, if you opt for a shorter 10-year tenure, your EMI would increase to around ₹24,797 per month. Choosing the right tenure can help you balance your monthly budget and long-term financial goals effectively.
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Answered 8 months ago
Shubham Finance
If you're planning to take a home loan of ₹20 lakh, your monthly EMI will vary based on the interest rate and the loan tenure you choose. For instance, with Shubham Housing Finance offering an interest rate of 8.5%, your EMI for a 20-year tenure would be approximately ₹17,356 per month. However, if you opt for a shorter 10-year tenure, your EMI would increase to around ₹24,797 per month. Choosing the right tenure can help you balance your monthly budget and long-term financial goals effectively.
Read Also : What is the strongest dragon in RuneScape?