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What is the EMI for a Rs. 40 Lakh loan for 15 years?
It will be approximately ₹ 39,742 at an interest rate of 8.70% p.a.
How much salary is required for a Rs. 40 Lakh Home Loan?
There is no salary requirement specified to get a Home Loan with L&T finance.
What will the EMI be for a ₹ 40 Lakh Home Loan for 25 years?
It will be around ₹ 32,614 at 8.70% p.a. interest.
What will the EMI be for a ₹ 40 Lakh Home Loan for 20 years?
₹ 35,094 will be the EMI based on 8.70% interest rate per annum.
Can I get a ₹ 40 Lakh s Home Loan with a low credit score?
It is possible, but you may get a higher interest rate. You can apply with a co-applicant to avoid any delays.
What are the interest rates for a ₹ 40 Lakh Home Loan?
L&T Finance offers Home Loans at an interest rate starting from 8.70% p.a.*
What is the ideal loan tenure for a ₹ 40 Lakh Home Loan to manage EMI?
20 years offers a balance between EMI and interest outgo.
