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Prevailing Interest Rate scenario?

A. Floating Interest Rate: 8.75% - 9.50%
B. Fixed Interest Rate: 9.00% - 10.00%

How much do you pay every month?

On the basis of these rates, the monthly installments for a housing loan of Rs 1,00,000 work out as follows:

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Your guide to taxes
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Interest rate in %
  8.75  9.00 9.25 9.50 10.00

Term Years

 Rs Rs Rs Rs Rs
5 2063 2076 2088 2100 2125
10 1253 1267 1280 1294 1321
15 999 1014 1029 1044 1075
20 884 900 915 932 965

Other fees

Administration Fees: 0.5% or Rs 5,000.00 whichever is less plus Service Tax as applicable.

What security is required?

The loan would be secured by equitable mortgage of the apartment financed by the bank.

Maximum loan

85%-90% of the value of the apartment