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Andhra Bank Loan Against Property EMI Calculator

Last Updated 23rd Apr 2018

Get monthly EMI as low as Rs. 1,347 per lakh on Andhra Bank loan against property. Mortgage loan EMI in Andhra Bank depends upon type of property (residential, commercial, industrial), occupation (businessmen, self employed, salaried), loan amount, loan tenure and interest rate.

Andhra Bank Mortgage Loan EMI

Loan Amount5 year loan7 year loan10 year loan
Rs. 25 LakhRs. 51,291 Rs. 39,591 Rs. 30,996
Rs. 50 LakhRs. 1.03 LakhRs. 79,182 Rs. 61,993
Rs. 75 LakhRs. 1.54 LakhRs. 1.19 LakhRs. 92,989
Rs. 1 CrRs. 2.05 LakhRs. 1.58 LakhRs. 1.24 Lakh
Andhra Bank Mortgage Loan Rates
Andhra Bank Mortgage Loan Eligibility
Loan Against Property EMI Calculator
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Loan Against Property EMI Calculator Andhra Bank

  • Loan Against Property EMI (or equated monthly instalment) is a fixed amount of money you pay Andhra Bank towards repayment of your property loan every month on a fixed day of the month till your loan is fully paid back.
  • With Andhra Bank now offering loan tenure upto 10 years at attractive interest rates starting is 10.45%, your EMI can be as low as Rs. 1,347 per Rs. one lakh loan amount.
  • The Loan Against Property EMI comprises of both principal repayment and interest payment. While the EMI amount remains constant, the interest component of keeps reducing and the principal component keeps increasing, except in case of an increase in interest rate on the loan.

Use the above quick and easy tool to easily calculate and compare monthly EMI on Andhra Bank Loan Against Property.

Frequently Asked Questions

Will the Andhra Bank Loan Against Property EMI remain constant or change in future? What happens in case of increase or decrease in interest rate?
  • Typically, the Loan Against Property EMI remains unchanged unless the customer requests for a change and the same is approved by Andhra Bank subject to its eligibility conditions (note that nominal charges may apply for effecting a customer initiated change in EMI).
  • In case the floating rate of interest on your loan increases, Andhra Bank will typically keep the EMI constant but increase the loan tenure. So, you will pay the same EMI but for a longer duration. In case the interest rates increase to an extent that the revised loan tenure is more than the maximum permissible by Andhra Bank, the bank may increase your EMI amount.
Will Loan Against Property EMI change in case of prepayment?
  • When you make a prepayment, the outstanding principal amount on your property loan reduces. You may choose to either keep the EMI the same and reduce the loan tenure (enabling you pay off the loan faster) or reduce the EMI and keep the loan tenure unchanged (thus paying lesser amount every month). It is beneficial to keep the EMI constant and reduce the loan tenure as you pay less interest to the bank in this option.
  • Note that Andhra Bank may levy prepayment charges except on floating rate property loans sanctioned to individuals.
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How does Loan Against Property EMI calculator, calculate Loan Against Property EMI?
  • EMI is calculated using a combination of loan amount, loan tenure and interest rate.
  • EMI is calculated on a reducing balance basis and assuming payment of EMI in arrears (that is interest is charged for the month preceding the date of EMI payment on EMI date) and not in advance.

Compare Loan Against Property EMI of All Banks

Related Topics
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Andhra Bank Loan Against Property News - Apr 2018
  • 2017-11-16 : Andhra Bank withdraws insolvency petition against HDIL
    Andhra Bank has withdrawn the insolvency application against HDIL from the National Company Law Tribunal (NCLT) because of the realty firm decision to settle its outstanding dues. HDIL has reported 64 per cent rise in net profit, reaching Rs 60.87 crore for the second quarter, compared to Rs 37.03 crore in the last year. Profits have risen with tax benefits of Rs 44.5 crore in the second quarter of the current fiscal.
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