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DBS Loan Against Property EMI Calculator

DBS Bank Mortgage Loan EMI

Last Updated 09th Mar 2021

Get monthly EMI as low as ₹ 1,221 per lakh on DBS Bank loan against property. Mortgage loan EMI in DBS Bank depends upon type of property (residential, commercial, industrial), occupation (businessmen, self employed, salaried), loan amount, loan tenure and interest rate.

Loan Amount5 Year Loan7 Year loan10 Year loan
₹ 20 Lakh₹ 40,697₹ 31,322₹ 24,424
₹ 30 Lakh₹ 61,045₹ 46,983₹ 36,636
₹ 50 Lakh₹ 1,01,741₹ 78,305₹ 61,061
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    Loan Against Property EMI Calculator DBS Bank

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

    DBS 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 schedule

    Suppose you borrow a Loan Against Property of ₹ 15 Lakh from DBS for 15 years at an interest rate of 8.15%, the EMI calculated for this loan amount would be ₹ 14,465 and the total annual EMIs to be paid annually is ₹ 1,73,580. The DBS Loan Against Property EMI schedule for 15 years is explained below in the table –

    Amortization Schedule for a Loan Against Property of ₹ 15 Lakh over the 15 years

    Year Interest paid during the year Principal repaid during the year Total amount paid during the year (Interest + Principal) Outstanding Principal
    2021 ₹ 90,625 ₹ 39,560 ₹ 1,30,185 ₹ 14,60,440
    2022 ₹ 1,16,941 ₹ 56,638 ₹ 1,73,580 ₹ 14,03,802
    2023 ₹ 1,12,149 ₹ 61,431 ₹ 1,73,580 ₹ 13,42,371
    2024 ₹ 1,06,951 ₹ 66,629 ₹ 1,73,580 ₹ 12,75,742
    2025 ₹ 1,01,313 ₹ 72,267 ₹ 1,73,580 ₹ 12,03,475
    2026 ₹ 95,198 ₹ 78,381 ₹ 1,73,580 ₹ 11,25,094
    2027 ₹ 88,566 ₹ 85,014 ₹ 1,73,580 ₹ 10,40,080
    2028 ₹ 81,373 ₹ 92,207 ₹ 1,73,580 ₹ 9,47,873
    2029 ₹ 73,571 ₹ 1,00,009 ₹ 1,73,580 ₹ 8,47,864
    2030 ₹ 65,109 ₹ 1,08,471 ₹ 1,73,580 ₹ 7,39,393
    2031 ₹ 55,930 ₹ 1,17,649 ₹ 1,73,580 ₹ 6,21,744
    2032 ₹ 45,975 ₹ 1,27,604 ₹ 1,73,580 ₹ 4,94,139
    2033 ₹ 35,178 ₹ 1,38,401 ₹ 1,73,580 ₹ 3,55,738
    2034 ₹ 23,468 ₹ 1,50,112 ₹ 1,73,580 ₹ 2,05,626
    2035 ₹ 10,766 ₹ 1,62,814 ₹ 1,73,580 ₹ 42,812
    2036 ₹ 583 ₹ 42,812 ₹ 43,395 ₹ 0

    Each DBS 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 30.7% of your EMI has been used to repay the principal amount. This means that the remaining 69.3% of the EMI went into interest payment. Thus, you end up paying only 3.55% of the loan amount of ₹ 15 Lakh after paying 12 EMIs in the first year to DBS.

    In year 15, the interest component of DBS EMI is around 4.28%, while the principal component is around 95.72%. Upto 15 years, you have cumulatively repaid 100% of your total DBS Loan Against Property.

    How to process for Loan Against Property EMI moratorium in DBS Bank?

    After the announcement of RBI on 22nd May 2020, DBS Bank has extended the loan moratorium for the term loans and interest of working capital loans to next three months till August 2020. As a borrower, you have the option to opt-in or opt-out of the moratorium by informing DBS Bank. The interest will continue to accrue on the principal outstanding during this moratorium and the accumulated interest would be added to the principal amount resulting in the extension of loan tenure except in cases where the tenure extension is not possible will increase EMI amount. The moratorium on payment of Loan Against Property EMI’s will not be treated as default and will not have any negative impact on the borrower’s credit score. To know more about the moratorium option, you may contact DBS Bank customer care or its nearest branch.

    FAQs

    Will the DBS Loan Against Property EMI remain constant or change in future? What happens in case of increase or decrease in interest rate?

    DBS 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 SBI LAP EMI are listed as follows:

    • Typically, the Loan Against Property EMI remains unchanged unless the customer requests for a change and the same is approved by DBS 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, DBS 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 the extent that the revised loan tenure is more than the maximum permissible by DBS Bank, the bank may increase your EMI amount.

    Will Loan Against Property EMI change in case of prepayment?

    Similar to all loans, Loan against property also offers the prepayment facility to the loan borrowers. Prepayment of loan leads to certain changes as listed below:

    • 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 to pay off the loan faster) or reduce the EMI and keep the loan tenure unchanged (thus paying a 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 DBS Bank may levy prepayment charges except on floating rate property loans sanctioned to individuals.

    How does Loan Against Property EMI calculator, calculate Loan Against Property EMI?

    Loan against property is a reliable and time-saving tool to calculate the LAP EMI. It functions as follows:

    • EMI is calculated using a combination of the loan amount, loan tenure and interest rate.
    • DBS Bank mortgage loan calculator calculates EMI 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.

    How much loan can I get against my property from DBS Bank?

    You can avail of a maximum loan of ₹ 3 Cr, depending on the value of the property. However, the loan amount cannot be more than 65% of the property value. DBS Bank assesses the property before approving your mortgage loan application.


    DBS Loan Against Property News - Apr 2021
    • 2021-03-09 : DBS Bank launched a travel marketplace on the digibank app
      DBS Bank introduced a travel marketplace on the digibank app. It will enable customers to browse and book flights, bus tickets and hotels across hundreds of destinations within and outside of India. DBS bank offers a savings account and currently the interest on the savings account is 4%.
    • 2018-11-10 : DBS Bank revises MCLR
      DBS Bank has revised its MCLR for the month of November. The new rates now stand in the range of 8.70% to 9.00%, with 6-month MCLR and the 1-year rate at 9.00%. The new rates are effective from November 7, 2018.
    • 2018-09-07 : DBS Bank hikes Floating Home Loan and LAP rates
      DBS Bank has increased its floating Interest Rate on the home loan and Loan Against Property (LAP) by 25 basis point following the hike in its MCLR. The new rate for the Home loan now starts at 9.70% and for that of LAP at 12.15%, a hike of 25 basis points. The revised rates are effective from September 7, 2018. There is no change in the processing fees.
    • 2018-08-08 : DBS Bank revises MCLR rates
      DBS Bank has revised its MCLR for the month of August. The rates continue to be in the range of 8.60% to 8.90%. Six month MCLR is now at 8.85% and that of one year is 8.90%. The rates are effective from August 7, 2018.
    • 2018-07-10 : DBS hikes Floating LAP rates
      DBS has increased its floating Interest Rate on Loan Against Property (LAP). The new rate for Loan Against Property is now 11.75%, which was 11.65% earlier. The new rates are effective from July 7, 2018. There is no change in the processing fees.
    *Terms and conditions apply. Credit at sole discretion of lender subject to credit appraisal, eligibility check, rates, charges and terms. Information displayed is indicative and from collected from public sources. Read More
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