How it affects, if your housing loan interest is increased by 1% ?
Effect of 1% hike in your Housing Loan Interest:- Calculation of Loan Amount Rs. 35,00,000 @ 9% Interest Rate Loan Tenure EMI Total Interest Total Principal Total Paid 10 Years 44,337 18,20,382 35,00,000 53.20 Lacs 15 Years 35,499 28,89,879 35,00,000 63.89 Lacs 20 Years 31,490 40,57,698 35,00,000 75.57 lacs 25 Years 29,372 53,08,314 35,00,000 88.11 Lacs Calculation of Loan Amount Rs. 35,00,000 @ 10 % Interest Rate Loan Tenure EMI Total Interest Total Principal Total Paid 10 Years 46,253 20,50,330 35,00,000 55.50 Lacs 15 Years 37,611 32,70,012 35,00,000 67.70 Lacs 20 Years 33,776 46,06,181 35,00,000 81.06 Lacs 25 Years 31,805 60,41,35