Hmmm the rate of interest sounds really good. And in fact at 9.29% monthly diminishing the EMI works out to 19161 and the interest paid should be 89793. So if your calculations are right you may very well be getting even less than 9.29% rate.
Only hitch is, I wonder whether the 5% pre-closure is not a tad too high. Nonetheless considering that you are anyhow going in for a 3 year loan and unless you seriously think you may want to foreclose it within 1.5 to 1.75 years (after that foreclosure is foolishness) there is no point in worrying about it.
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