Home loan: Due to rising inflation, it has become very difficult for people to buy their own house these days. In such a situation, most people fulfill their dream of buying a house by taking a home loan from the bank. However, when you take a home loan, you have to pay a lot of extra money than the price of the house but you repay this money every month through EMI.
Interest rates of different banks
If you are also planning to buy a house by taking a home loan from a bank, then it is very important for you to choose a good bank. Before taking a home loan, you must look at the interest rates of different banks and only then take a decision. Today we will tell you about the home loan of a private bank of the country, which is offering home loans to its customers at a very good interest rate. We are talking about the home loan of Axis Bank.
Home Loan from Axis Bank
If you take a home loan of Rs 30 lakh from Axis Bank, you will get it at an initial interest rate of 8.75 percent. However, this interest rate can also change depending on your CIBIL score. If you have a low CIBIL score, you may have to take a home loan at a higher interest rate. If you take a home loan of Rs 30 lakh from Axis Bank for 30 years, you will have to pay Rs 23,601 every month as EMI. In this way, you will give a total of Rs 84,96,364 to the bank in 30 years. Out of this, Rs 54,96,364 will be your interest only.