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Apna Ghar

ILLUSTRATIVE EXAMPLES:

Assuming loan tenure of 20 yrs & Rate Of Interest @8.35%:

  1. Beneficiary under EWS/LIG:

    LOAN AMT
    EMI BEFORE SUBSIDY CREDIT
    REDUCED EMI AFTER SUBSIDY CREDIT
    MONTHLY SAVING
    SAVING OVER 20 YRS LOAN TENURE
    3,00,000 2,575 1,428 1,147 2,75,280
    6,00,000 5,150 2,856 2,294 5,50,560
    10,00,000 8,584 6,289 2,295 5,50,800
     

    For Rs.10 lacs loan, Total Savings = Rs.5,50,800 (Saving over 20 yrs loan tenure) + Rs.2,67,280 (Maximum subsidy amt) = Rs.8,18,080/-


  2. Beneficiary under MIG-I:

    LOAN AMT
    EMI BEFORE SUBSIDY CREDIT
    REDUCED EMI AFTER SUBSIDY CREDIT
    MONTHLY SAVING
    SAVING OVER 20 YRS LOAN TENURE
    6,00,000 5,150 3,805 1,345 3,22,800
    9,00,000 7,725 5,707 2,018 4,84,320
    12,00,000 10,300 8,283 2,017 4,84,080
     

    For Rs.12 lacs loan, Total Savings = Rs.4,84,080 (Saving over 20 yrs loan tenure) + Rs.2,35,068 (Maximum subsidy amt) = Rs.7,19,148/-


  3. Beneficiary under MIG-II:

    LOAN AMT
    EMI BEFORE SUBSIDY CREDIT
    REDUCED EMI AFTER SUBSIDY CREDIT
    MONTHLY SAVING
    SAVING OVER 20 YRS LOAN TENURE
    9,00,000 7,725 6,244 1,481 3,55,440
    12,00,000 10,300 8,325 1,975 4,74,000
    15,00,000 12,875 10,900 1,975 4,74,000
     

    For Rs.15 lacs loan, Total Savings = Rs.4,74,000 (Saving over 20 yrs loan tenure) + Rs.2,30,156 (Maximum subsidy amt) = Rs.7,04,156/-

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