Owning a home is one of life’s biggest aspirations, at Avyud Finance, we provide Home Loan from IDBI Bank designed to offer you convenience and make the journey to your dream home a pleasant one. Our home loan solutions cater to your home loan requirements in a customized manner and are based.
₹
500000
36
months
10
%
Monthly EMI
₹
₹ 32,124.56
Total Interest
₹
10,622.78
Principal Amount
₹
500000
Payable Amount
₹
160,622.78
| Pay No. |
Begining Balance | EMI | Principal | Interest | Ending Balance |
|---|---|---|---|---|---|
| 1 | 150000.00 | 32124.56 | 28637.06 | 3487.50 | 121362.94 |
| 2 | 121362.94 | 32124.56 | 29302.87 | 2821.69 | 92060.07 |
| 3 | 92060.07 | 32124.56 | 29984.16 | 2140.40 | 62075.91 |
| 4 | 62075.91 | 32124.56 | 30681.30 | 1443.26 | 31394.61 |
| 5 | 31394.61 | 32124.56 | 31394.64 | 729.92 | -0.03 |
We will assess your loan eligibility based on your age, qualification, income, number of dependents, spouse income, stability and continuity of your occupation, assets, liability base and your savings history and based on the value of the property proposed to be purchased.
Yes. We can extend in-principle sanction based on your repayment capacity. Accordingly, based on the loan amount sanctioned, you may search the property. For final sanction, property identified for the purpose should meet our criteria.
IDBI Home Loans have a maximum repayment tenure of up to 30 years. Actual tenure of loan is subject to the bank's discretion.
Home Loans are available maximum up to INR 10 Cr.
The security for the loan is a first mortgage of the property proposed to be financed with the proceeds of IDBI Home Loans by way of equitable mortgage by deposit of title deeds with memorandum of entry. The Bank will also decide the requirement of additional security if required for the process of loan application.
Note: This content is taken from IDBI Bank website
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