Andhra Bank Loan Against Property EMI Calculator
Andhra Bank Mortgage Loan EMI 2021
Get monthly EMI as low as ₹ 1,363 per lakh on Andhra Bank loan against property. Mortgage loan EMI in Andhra Bank depends upon the type of property (residential, commercial, industrial), occupation (businessmen, self employed, salaried), loan amount, loan tenure and interest rate. Check Best Offers.
| Loan Amount | 5 Year Loan | 7 Year loan | 10 Year loan |
|---|---|---|---|
| ₹ 20 Lakh | ₹ 43,236 | ₹ 33,983 | ₹ 27,268 |
| ₹ 30 Lakh | ₹ 64,854 | ₹ 50,974 | ₹ 40,902 |
| ₹ 50 Lakh | ₹ 1,08,090 | ₹ 84,956 | ₹ 68,169 |
Andhra Bank has merged into Union Bank of India on April 1, 2020. The interest rates of Union Bank of India will now be applicable on Andhra Bank Loan Against Property.
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Loan Against Property EMI Calculator Andhra Bank
You can calculate your Andhra Bank loan against property EMI in advance to plan your expenses using a Andhra Bank mortgage loan calculator. Andhra Bank loan against property EMI calculator is an online tool that gives accurate results without hassle.
Why should you use Andhra Bank Loan Against Property EMI Calculator?
Andhra Bank Mortgage Loan EMI Calculator to estimate the EMI that fits your budget
To calculate the EMI against Andhra Bank EMI loan against property at different rates and tenure, enter different loan amounts and tenure at the eligible interest rate on the Andhra Bank Loan against property EMI calculator. The table below shows the Andhra Bank EMI calculation at the various combinations of loan amount and years at the lowest rate of 10.75%.
Andhra Bank Loan against property EMI is calculated for different loan amounts and tenures at 10.75% interest rate
| Loan Tenure | |||
|---|---|---|---|
| Loan Amount (Rs.) | 10 years | 15 years | 20 years |
| EMI on ₹ 15,00,000 | ₹ 20,451 | ₹ 16,814 | ₹ 15,228 |
| EMI on ₹ 25,00,000 | ₹ 34,085 | ₹ 28,024 | ₹ 25,381 |
| EMI on ₹ 40,00,000 | ₹ 54,535 | ₹ 44,838 | ₹ 40,609 |
| EMI on ₹ 60,00,000 | ₹ 81,803 | ₹ 67,257 | ₹ 60,914 |
Factors Affecting Andhra Bank Property Loan EMI
You can calculate Andhra Bank EMI for your loan against property using an online LAP EMI Calculator, which considers factors such as loan amount, rate of interest and the tenure for which you are planning to avail the loan.
If you apply for a higher loan amount, you will have to pay a higher EMI on
A higher interest rate increases your Andhra Bank loan against property EMI, increasing the total cost of the loan. As per the current rates, Andhra Bank provides loan against property at rates starting at 10.75%. Before applying for a loan, you must compare LAP rates and calculate EMI online using Andhra Bank loan against property loan calculator.
Your EMI will be lower if you avail mortgage loan for a maximum tenure of 10 years, and similarly, you will have to pay a higher EMI if your tenure is shorter.
Comparison of Andhra Bank Loan Against Property EMI with other Banks
| Bank Name | Interest rate | Loan Amount of ₹ 10 Lakh | Loan Amount of ₹ 30 Lakh | Loan Amount of ₹ 50 Lakh |
|---|---|---|---|---|
| Andhra Bank | 10.75% | ₹ 13,634 | ₹ 40,902 | ₹ 68,169 |
| United Bank of India | 10.75% | ₹ 16,991 | ₹ 50,974 | ₹ 84,956 |
| Karnataka Bank | 10.89% | ₹ 11,297 | ₹ 33,891 | ₹ 56,485 |
| OBC | 10.95% | ₹ 13,747 | ₹ 41,240 | ₹ 68,734 |
| Cholamandalam | 11.00% | ₹ 11,366 | ₹ 34,098 | ₹ 56,830 |
| Lakshmi Vilas Bank | 11.00% | ₹ 13,775 | ₹ 41,325 | ₹ 68,875 |
| Corporation Bank | 11.35% | ₹ 13,974 | ₹ 41,922 | ₹ 69,869 |
| Piramal Housing Finance | 11.50% | ₹ 10,664 | ₹ 31,993 | ₹ 53,321 |
| Central Bank of India | 13.75% | ₹ 15,377 | ₹ 46,130 | ₹ 76,883 |
| Allahabad Bank | 14.15% | ₹ 16,422 | ₹ 49,265 | ₹ 82,108 |
Andhra Bank Loan Against Property Amortization Calculator
The amortization schedule breaks the month-wise calculation of principal and interest amount you will be paying in the form of your EMIs. In simple words, with each month’s EMI, the share of interest and the principal amount keeps changing, while the former keeps on reducing the later keep on increasing. That’s why if you decide to prepay your loan in the first few years you will find out that you have paid a very small proportion of the principal sum. Let us understand this better with the help of an illustration.
Illustration: How to read an amortization scheduleSuppose you borrow a Loan Against Property of ₹ 20 Lakh from Andhra Bank for 20 years at an interest rate of 10.75%, the EMI calculated for this loan amount would be ₹ 20,305 and the total annual EMIs to be paid annually is ₹ 2,43,655. The Andhra Bank Loan Against Property EMI schedule for 20 years is explained below in the table –
Amortization Schedule for a Loan Against Property of ₹ 20 Lakh over the 20 years
| Year | Interest paid during the year | Principal repaid during the year | Total amount paid during the year (Interest + Principal) | Outstanding Principal |
|---|---|---|---|---|
| 2021 | ₹ 53,686 | ₹ 7,228 | ₹ 60,914 | ₹ 19,92,772 |
| 2022 | ₹ 2,12,729 | ₹ 30,926 | ₹ 2,43,655 | ₹ 19,61,846 |
| 2023 | ₹ 2,09,235 | ₹ 34,420 | ₹ 2,43,655 | ₹ 19,27,426 |
| 2024 | ₹ 2,05,347 | ₹ 38,308 | ₹ 2,43,655 | ₹ 18,89,118 |
| 2025 | ₹ 2,01,020 | ₹ 42,635 | ₹ 2,43,655 | ₹ 18,46,483 |
| 2026 | ₹ 1,96,204 | ₹ 47,451 | ₹ 2,43,655 | ₹ 17,99,033 |
| 2027 | ₹ 1,90,844 | ₹ 52,811 | ₹ 2,43,655 | ₹ 17,46,222 |
| 2028 | ₹ 1,84,879 | ₹ 58,776 | ₹ 2,43,655 | ₹ 16,87,446 |
| 2029 | ₹ 1,78,240 | ₹ 65,415 | ₹ 2,43,655 | ₹ 16,22,031 |
| 2030 | ₹ 1,70,850 | ₹ 72,804 | ₹ 2,43,655 | ₹ 15,49,226 |
| 2031 | ₹ 1,62,627 | ₹ 81,028 | ₹ 2,43,655 | ₹ 14,68,198 |
| 2032 | ₹ 1,53,474 | ₹ 90,181 | ₹ 2,43,655 | ₹ 13,78,017 |
| 2033 | ₹ 1,43,287 | ₹ 1,00,368 | ₹ 2,43,655 | ₹ 12,77,649 |
| 2034 | ₹ 1,31,950 | ₹ 1,11,705 | ₹ 2,43,655 | ₹ 11,65,944 |
| 2035 | ₹ 1,19,332 | ₹ 1,24,323 | ₹ 2,43,655 | ₹ 10,41,621 |
| 2036 | ₹ 1,05,288 | ₹ 1,38,366 | ₹ 2,43,655 | ₹ 9,03,254 |
| 2037 | ₹ 89,659 | ₹ 1,53,996 | ₹ 2,43,655 | ₹ 7,49,258 |
| 2038 | ₹ 72,264 | ₹ 1,71,391 | ₹ 2,43,655 | ₹ 5,77,867 |
| 2039 | ₹ 52,904 | ₹ 1,90,751 | ₹ 2,43,655 | ₹ 3,87,116 |
| 2040 | ₹ 31,357 | ₹ 2,12,298 | ₹ 2,43,655 | ₹ 1,74,818 |
| 2041 | ₹ 7,923 | ₹ 1,74,818 | ₹ 1,82,741 | ₹ 0 |
Each Andhra Bank Loan Against Property EMI consists of both amounts of interest as well as the principal repaid. The interest component of EMI goes down while the principal component goes up in both cases while doing the calculation.
As you assess the amortization table, you will find that by the end of 1st year 12.36% of your EMI has been used to repay the principal amount. This means that the remaining 87.64% of the EMI went into interest payment. Thus, you end up paying only 1.51% of the loan amount of ₹ 20 Lakh after paying 12 EMIs in the first year to Andhra Bank.
In year 20, the interest component of Andhra Bank EMI is around 5.59%, while the principal component is around 94.41%. Upto 20 years, you have cumulatively repaid 100% of your total Andhra Bank Loan Against Property.
Andhra Bank Loan Against Property EMI for ₹ 10 Lakh
The following table shows EMI on Andhra Bank loan against property for ₹ 10,00,000 for different tenures at an interest rate of 10.75%
| Loan Amount | Interest rate | Tenure (Year) | EMI |
|---|---|---|---|
| ₹ 10,00,000 | 10.75% | 5 Years | ₹ 21,618 |
| ₹ 10,00,000 | 10.75% | 10 Years | ₹ 13,634 |
| ₹ 10,00,000 | 10.75% | 12 Years | ₹ 12,388 |
| ₹ 10,00,000 | 10.75% | 10 Years | ₹ 13,634 |
Andhra Bank Loan Against Property EMI for ₹ 25 Lakh
The following table shows Andhra Bank loan against property EMI for ₹ 25,00,000 for different tenures at an interest rate of 10.75%
| Loan Amount | Interest rate | Tenure (Year) | EMI |
|---|---|---|---|
| ₹ 25,00,000 | 10.75% | 5 Years | ₹ 54,045 |
| ₹ 25,00,000 | 10.75% | 10 Years | ₹ 34,085 |
| ₹ 25,00,000 | 10.75% | 12 Years | ₹ 30,970 |
| ₹ 25,00,000 | 10.75% | 10 Years | ₹ 34,085 |
Andhra Bank Mortgage Loan EMI for ₹ 30 Lakh
The following table shows Andhra Bank loan against property EMI for ₹ 30,00,000 for different tenures at an interest rate of 10.75%
| Loan Amount | Interest rate | Tenure (Year) | EMI |
|---|---|---|---|
| ₹ 30,00,000 | 10.75% | 5 Years | ₹ 64,854 |
| ₹ 30,00,000 | 10.75% | 10 Years | ₹ 40,902 |
| ₹ 30,00,000 | 10.75% | 12 Years | ₹ 37,164 |
| ₹ 30,00,000 | 10.75% | 10 Years | ₹ 40,902 |
FAQs
✅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?
Andhra Bank Loan against property may change as per the borrower’s financial ability or in case of floating rate of interests offered by the lender. The consequences of the change in Andhra Bank LAP EMI are listed as follows:
✅Will Andhra Bank Loan Against Property EMI change in case of prepayment?
Similar to all loans, Andhra Bank Loan against property also offers the prepayment facility to the loan borrowers. Prepayment of loan leads to certain changes as listed below:
✅How does EMI calculator calculate Andhra Bank Loan Against Property EMI?
Andhra Bank Loan against property emi calculator is a reliable and time-saving tool to calculate the LAP EMI. It functions as follows:
✅How much loan can I get against my property from Andhra Bank?
You can avail of a maximum loan of ₹ 2,00,00,000, depending on the value of the property. However, the loan amount cannot be more than 50% of the property value. Andhra Bank assesses the property before approving your mortgage loan application.
✅How to pay your Andhra Bank Mortgage loan EMI Online?
You can pay the Andhra Bank mortgage loan EMI by logging in to your net banking account as provided when availing of the loan using your savings account or debit/credit card. You can also visit the Andhra Bank branch to submit the cheque of your EMI.
✅What is the EMI for ₹ 10 Lakh mortgage loan in Andhra Bank?
To determine different EMI for different tenures, you can use a 10 lakh loan against property EMI Calculator. Consider this example for a better understanding.
| Loan amount | Interest rate | Tenure | EMI |
|---|---|---|---|
| ₹ 10 Lakh | 10.75% | 5 years | ₹ 21,618 |
| ₹ 10 Lakh | 10.75% | 10 years | ₹ 13,634 |
| ₹ 10 Lakh | 10.75% | 12 years | ₹ 12,388 |
| ₹ 10 Lakh | 10.75% | 10 years | ₹ 13,634 |
✅How is Andhra Bank loan against property EMI calculated?
You can calculate Andhra Bank LAP EMI using the mathematical formula mentioned below or using an online Andhra Bank LAP EMI Calculator.
✅What is the EMI for ₹ 20 Lakh Loan against property in Andhra Bank?
To determine different Loan against property EMI Andhra Bank for different tenures, you can use a 20 lakh loan against property Calculator, as reflected in the table below:
| Loan amount | Interest rate | Tenure | EMI |
|---|---|---|---|
| ₹ 20 Lakh | 10.75% | 5 years | ₹ 43,236 |
| ₹ 20 Lakh | 10.75% | 10 years | ₹ 27,268 |
| ₹ 20 Lakh | 10.75% | 12 years | ₹ 24,776 |
| ₹ 20 Lakh | 10.75% | 10 years | ₹ 27,268 |
✅What is the EMI for ₹ 30 Lakh mortgage loan in Andhra Bank?
To determine different Andhra Bank EMI for different tenures, you can use a 30 lakh loan against property EMI Calculator.
| Loan amount | Interest rate | Tenure | EMI |
|---|---|---|---|
| ₹ 30 Lakh | 10.75% | 5 years | ₹ 64,854 |
| ₹ 30 Lakh | 10.75% | 10 years | ₹ 40,902 |
| ₹ 30 Lakh | 10.75% | 12 years | ₹ 37,164 |
| ₹ 30 Lakh | 10.75% | 10 years | ₹ 40,902 |
✅What is the EMI for ₹ 50 Lakh mortgage loan in Andhra Bank?
To estimate Andhra Bank EMI for different loans against property tenures, you can use a 50 lakh mortgage Calculator. The results are mentioned as follows:
| Loan amount | Interest rate | Tenure | EMI |
|---|---|---|---|
| ₹ 50 Lakh | 10.75% | 5 years | ₹ 1,08,090 |
| ₹ 50 Lakh | 10.75% | 10 years | ₹ 68,169 |
| ₹ 50 Lakh | 10.75% | 12 years | ₹ 61,940 |
| ₹ 50 Lakh | 10.75% | 10 years | ₹ 68,169 |
Compare Loan Against Property EMI of All Banks
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- 2021-07-16 : UBI update on change in IFSC code for merged banks - Andhra Bank and Corporation Bank
Union Bank of India (UBI) on Friday said the IFSC codes of the erstwhile e-Andhra Bank and e-Corporation Bank branches will change with effect from July 1, 2021. Customers of the erstwhile banks will have to get new cheque books with changed IFSC and MICR codes - 2019-07-16 : Andhra Bank announces the launch of AI chatbot in Telangana
Andhra Bank has announced the launch of its artificial intelligence interactive assistance chatbot, ABHi. With ABHi, customers will be able to get the information instantly related to loans including home loans, mortgage loans, digital banking, banking services, senior citizen schemes, fixed deposits, etc. on chat anytime. - 2019-06-26 : Andhra Bank approves raising of up to Rs. 2,000 crore in FY19-20
In a bid to augment its working capital, Andhra Bank has planned to raise equity capital of Rs. 2,000 crore through qualified institutional placement, follow-on public offer, sale of non-core assets, or preferential allotment. The funds raised through these routes would be utilized towards further improving its performance and services related to retail loans and deposits. - 2019-05-16 : Andhra Bank revises MCLR rates across loan tenure
Andhra Bank has revised its Marginal Cost of Funds Based Lending Rate (MCLR) across all tenure for the month of May. The move is supposed to make retail loans like housing loans and mortgage loans cheaper. Now for overnight and one month, the rate stands at 8.20% and 8.25% respectively. For 3 months, the rate has been revised to 8.45%. While for 1 year the rate now stands at 8.75%. The revised rates are effective from May 15, 2019. - 2019-04-15 : Andhra Bank revises MCLR rates across all tenure
Andhra Bank has reduced its Marginal Cost of Funds Based Lending Rate (MCLR) by 5 basis points across all tenors for the month of April. The move is supposed to make home loans and mortgage loans cheaper. Now for overnight, the MCLR stands at 8.20% while for 3 months, the rate has been revised to 8.45% and for 1 year the rate now stands at 8.75%. The revised rates are effective from April 15, 2019.
