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Axis Bank - Happy Ending Home Loan Scheme
To check your saving with Happy Ending Scheme drag the slider for Loan amount | Rate of interest.
Home Loan Amount
Rs.
Other Bank Interest Rate
% Per Annum
Tenure is fixed for 20 years in this scheme.
Axis Bank Happy Ending Scheme
Loan Amount
Rs. 2,500,000
Axis Bank Rate
10.25%
Axis Bank Monthly EMI
Rs. 24,541
Total Interest Amount
Rs. 3,389,860
Total Amount (Principal + Interest)
Rs. 5,889,860
Savings with Scheme(EMI X 12)
Rs. 294,493
Other Bank Scheme
Loan Amount
Rs. 2,500,000
Other Bank Rate
10%
Other Bank Monthly EMI
Rs. 24,126
Total Interest Amount
Rs. 3,290,130
Total Amount (Principal + Interest)
Rs. 5,790,130
Total Saving
Rs. 194,763
Axis Bank Offers Last 12 Month Waiver option Scheme in Home Loans product-folio. The Scheme is Called Happy Ending Home Loan.
Happy Ending Home Loan Scheme is being offered at the same rates as a regular loan and will be applicable to new customers under the floating rate option. The EMI waiver will be offered to all loans with an initial tenure of 20 years or more that cross their 15th year. The new product, available to new customers, offers to waive 12 EMIs for those borrowers with a 15-year or more tenure and if he/she pays the EMIs on time.
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