Dhan Laxmi Loan Against Property EMI Calculator
Dhan Laxmi Bank Mortgage Loan EMI 2022
Get monthly EMI as low as ₹ 1,112 per lakh on Dhan Laxmi Bank loan against property. Mortgage loan EMI in Dhan Laxmi 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 | 15 Year loan |
| ₹ 10 Lakh | ₹ 21,543 | ₹ 16,913 | ₹ 11,116 |
| ₹ 25 Lakh | ₹ 53,859 | ₹ 42,282 | ₹ 27,790 |
| ₹ 40 Lakh | ₹ 86,174 | ₹ 67,651 | ₹ 44,464 |
Please Re-confirm Your Number
Please Re-confirm Your
Offers| Bank/NBFCs | Rate* | EMI per Lakh* | Action |
|---|
* Starting From
Loan Against Property EMI Calculator Dhan Laxmi Bank
You can calculate your Dhan Laxmi Bank loan against property EMI in advance to plan your expenses using a Dhan Laxmi Bank mortgage loan calculator. Dhan Laxmi Bank loan against property EMI calculator is an online tool that gives accurate results without hassle.
Why should you use Dhan Laxmi Bank Loan Against Property EMI Calculator?
Dhan Laxmi Bank Mortgage Loan EMI Calculator to estimate the EMI that fits your budget
To calculate the EMI against Dhan Laxmi Bank EMI loan against property at different rates and tenure, enter different loan amounts and tenure at the eligible interest rate on the Dhan Laxmi Bank Loan against property EMI calculator. The table below shows the Dhan Laxmi Bank EMI calculation at the various combinations of loan amount and years at the lowest rate of 10.60%.
Dhan Laxmi Bank Loan against property EMI is calculated for different loan amounts and tenures at 10.60% interest rate
| Loan Tenure | |||
|---|---|---|---|
| Loan Amount (Rs.) | 10 years | 15 years | 20 years |
| EMI on ₹ 15,00,000 | ₹ 20,324 | ₹ 16,674 | ₹ 15,077 |
| EMI on ₹ 25,00,000 | ₹ 33,874 | ₹ 27,790 | ₹ 25,128 |
| EMI on ₹ 40,00,000 | ₹ 54,198 | ₹ 44,464 | ₹ 40,204 |
| EMI on ₹ 60,00,000 | ₹ 81,297 | ₹ 66,696 | ₹ 60,306 |
Factors Affecting Dhan Laxmi Bank Property Loan EMI
You can calculate Dhan Laxmi 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 Dhan Laxmi Bank loan against property EMI, increasing the total cost of the loan. As per the current rates, Dhan Laxmi Bank provides loan against property at rates starting at 10.60%. Before applying for a loan, you must compare LAP rates and calculate EMI online using Dhan Laxmi Bank loan against property loan calculator.
Your EMI will be lower if you avail mortgage loan for a maximum tenure of 15 years, and similarly, you will have to pay a higher EMI if your tenure is shorter.
Comparison of Dhan Laxmi 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 |
|---|---|---|---|---|
| Dhan Laxmi Bank | 10.60% | ₹ 11,116 | ₹ 33,348 | ₹ 55,580 |
| Dhan Laxmi Bank | 10.60% | ₹ 11,116 | ₹ 33,348 | ₹ 55,580 |
| 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 |
Dhan Laxmi 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 ₹ 30 Lakh from Dhan Laxmi for 15 years at an interest rate of 10.60%, the EMI calculated for this loan amount would be ₹ 33,348 and the total annual EMIs to be paid annually is ₹ 4,00,178. The Dhan Laxmi Loan Against Property EMI schedule for 15 years is explained below in the table –
Amortization Schedule for a Loan Against Property of ₹ 30 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 |
|---|---|---|---|---|
| 2022 | ₹ 2,10,276 | ₹ 56,510 | ₹ 2,66,786 | ₹ 29,43,490 |
| 2023 | ₹ 3,07,598 | ₹ 92,581 | ₹ 4,00,178 | ₹ 28,50,910 |
| 2024 | ₹ 2,97,293 | ₹ 1,02,885 | ₹ 4,00,178 | ₹ 27,48,025 |
| 2025 | ₹ 2,85,842 | ₹ 1,14,337 | ₹ 4,00,178 | ₹ 26,33,688 |
| 2026 | ₹ 2,73,115 | ₹ 1,27,063 | ₹ 4,00,178 | ₹ 25,06,625 |
| 2027 | ₹ 2,58,973 | ₹ 1,41,206 | ₹ 4,00,178 | ₹ 23,65,419 |
| 2028 | ₹ 2,43,256 | ₹ 1,56,922 | ₹ 4,00,178 | ₹ 22,08,497 |
| 2029 | ₹ 2,25,790 | ₹ 1,74,389 | ₹ 4,00,178 | ₹ 20,34,108 |
| 2030 | ₹ 2,06,379 | ₹ 1,93,799 | ₹ 4,00,178 | ₹ 18,40,309 |
| 2031 | ₹ 1,84,809 | ₹ 2,15,370 | ₹ 4,00,178 | ₹ 16,24,940 |
| 2032 | ₹ 1,60,837 | ₹ 2,39,341 | ₹ 4,00,178 | ₹ 13,85,599 |
| 2033 | ₹ 1,34,197 | ₹ 2,65,981 | ₹ 4,00,178 | ₹ 11,19,618 |
| 2034 | ₹ 1,04,593 | ₹ 2,95,586 | ₹ 4,00,178 | ₹ 8,24,032 |
| 2035 | ₹ 71,692 | ₹ 3,28,486 | ₹ 4,00,178 | ₹ 4,95,546 |
| 2036 | ₹ 35,131 | ₹ 3,65,048 | ₹ 4,00,178 | ₹ 1,30,498 |
| 2037 | ₹ 2,895 | ₹ 1,30,498 | ₹ 1,33,393 | -₹ 0 |
Each Dhan Laxmi 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 21.56% of your EMI has been used to repay the principal amount. This means that the remaining 78.44% of the EMI went into interest payment. Thus, you end up paying only 2.88% of the loan amount of ₹ 30 Lakh after paying 12 EMIs in the first year to Dhan Laxmi.
In year 15, the interest component of Dhan Laxmi EMI is around 5.51%, while the principal component is around 94.49%. Upto 15 years, you have cumulatively repaid 100% of your total Dhan Laxmi Loan Against Property.
Dhan Laxmi Bank Loan Against Property EMI for ₹ 10 Lakh
The following table shows EMI on Dhan Laxmi Bank loan against property for ₹ 10,00,000 for different tenures at an interest rate of 10.60%
| Loan Amount | Interest rate | Tenure (Year) | EMI |
|---|---|---|---|
| ₹ 10,00,000 | 10.60% | 5 Years | ₹ 21,543 |
| ₹ 10,00,000 | 10.60% | 10 Years | ₹ 13,550 |
| ₹ 10,00,000 | 10.60% | 12 Years | ₹ 12,300 |
| ₹ 10,00,000 | 10.60% | 15 Years | ₹ 11,116 |
Dhan Laxmi Bank Loan Against Property EMI for ₹ 25 Lakh
The following table shows Dhan Laxmi Bank loan against property EMI for ₹ 25,00,000 for different tenures at an interest rate of 10.60%
| Loan Amount | Interest rate | Tenure (Year) | EMI |
|---|---|---|---|
| ₹ 25,00,000 | 10.60% | 5 Years | ₹ 53,859 |
| ₹ 25,00,000 | 10.60% | 10 Years | ₹ 33,874 |
| ₹ 25,00,000 | 10.60% | 12 Years | ₹ 30,750 |
| ₹ 25,00,000 | 10.60% | 15 Years | ₹ 27,790 |
Dhan Laxmi Bank Mortgage Loan EMI for ₹ 30 Lakh
The following table shows Dhan Laxmi Bank loan against property EMI for ₹ 30,00,000 for different tenures at an interest rate of 10.60%
| Loan Amount | Interest rate | Tenure (Year) | EMI |
|---|---|---|---|
| ₹ 30,00,000 | 10.60% | 5 Years | ₹ 64,630 |
| ₹ 30,00,000 | 10.60% | 10 Years | ₹ 40,649 |
| ₹ 30,00,000 | 10.60% | 12 Years | ₹ 36,900 |
| ₹ 30,00,000 | 10.60% | 15 Years | ₹ 33,348 |
FAQs
✅Will the Dhan Laxmi Bank Loan Against Property EMI remain constant or change in future? What happens in case of increase or decrease in interest rate?
Dhan Laxmi 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 Dhan Laxmi Bank LAP EMI are listed as follows:
✅Will Dhan Laxmi Bank Loan Against Property EMI change in case of prepayment?
Similar to all loans, Dhan Laxmi 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 Dhan Laxmi Bank Loan Against Property EMI?
Dhan Laxmi 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 Dhan Laxmi Bank?
You can avail of a maximum loan of ₹ 5,00,00,000, depending on the value of the property. However, the loan amount cannot be more than 65% of the property value. Dhan Laxmi Bank assesses the property before approving your mortgage loan application.
✅How to pay your Dhan Laxmi Bank Mortgage loan EMI Online?
You can pay the Dhan Laxmi 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 Dhan Laxmi Bank branch to submit the cheque of your EMI.
✅What is the EMI for ₹ 10 Lakh mortgage loan in Dhan Laxmi 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 | 10.60% | 5 years | ₹ 21,543 |
| ₹ 10 Lakh | 10.60% | 10 years | ₹ 13,550 |
| ₹ 10 Lakh | 10.60% | 12 years | ₹ 12,300 |
| ₹ 10 Lakh | 10.60% | 15 years | ₹ 11,116 |
✅How is Dhan Laxmi Bank loan against property EMI calculated?
You can calculate Dhan Laxmi Bank LAP EMI using the mathematical formula mentioned below or using an online Dhan Laxmi Bank LAP EMI Calculator.
✅What is the EMI for ₹ 20 Lakh Loan against property in Dhan Laxmi Bank?
To determine different Loan against property EMI Dhan Laxmi 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 | 10.60% | 5 years | ₹ 43,087 |
| ₹ 20 Lakh | 10.60% | 10 years | ₹ 27,099 |
| ₹ 20 Lakh | 10.60% | 12 years | ₹ 24,600 |
| ₹ 20 Lakh | 10.60% | 15 years | ₹ 22,232 |
✅What is the EMI for ₹ 30 Lakh mortgage loan in Dhan Laxmi Bank?
To determine different Dhan Laxmi Bank EMI for different tenures, you can use a 30 lakh loan against property EMI Calculator.
| Loan amount | Interest rate | Tenure | EMI |
|---|---|---|---|
| ₹ 30 Lakh | 10.60% | 5 years | ₹ 64,630 |
| ₹ 30 Lakh | 10.60% | 10 years | ₹ 40,649 |
| ₹ 30 Lakh | 10.60% | 12 years | ₹ 36,900 |
| ₹ 30 Lakh | 10.60% | 15 years | ₹ 33,348 |
✅What is the EMI for ₹ 50 Lakh mortgage loan in Dhan Laxmi Bank?
To estimate Dhan Laxmi 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 | 10.60% | 5 years | ₹ 1,07,717 |
| ₹ 50 Lakh | 10.60% | 10 years | ₹ 67,748 |
| ₹ 50 Lakh | 10.60% | 12 years | ₹ 61,500 |
| ₹ 50 Lakh | 10.60% | 15 years | ₹ 55,580 |
- 2021-06-01 : Dhanlaxmi Bank posts ₹5.28 crore net profit in Q4
Dhanlaxmi Bank reported a net profit of Rs 5.28 crore in the fourth quarter of FY2020-21, boosted by retail loans home, LAP, personal, two-wheeler, car education and doctor loan along with business and mudra loan. The bank had posted a net profit of Rs 2.60 crore in the year-ago same quarter. - 2020-08-03 : Dhanlaxmi Bank Ltd Q1FY21 net profit at Rs. 6.09 crore
Dhan Laxmi posted a net profit of Rs.6.09 crores for the period ended June 30, 2020, as against a net profit of Rs.2.60 crores for the period ended March 31, 2020. In addition to this, The bank reported a total income bolstered by retail loans home, personal, car, two-wheeler and gold loans along with business and mudra loans of Rs.278.62 crores during the period ended June 30, 2020. Bank provisioning for bad loans and contingencies spiked to Rs 37.02 crore during the reported quarter of FY21 as against Rs 9.27 crore a year ago. - 2019-06-04 : Dhanlaxmi Bank revises MCLR rates across loan tenure
Dhanlaxmi Bank has revised its Marginal Cost of Funds Based Lending Rate (MCLR) across all tenure for June. 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 8.60%. For 3 months, the rate has been revised to 8.90%. While for 1 year the rate now stands at 9.90%. The revised rates are effective from June 1, 2019. - 2019-05-09 : Dhanlaxmi Bank reports a profit of Rs. 27.6 crores in Q4 of FY19
Private sector lender, Dhanlaxmi Bank has reported strong growth of Rs. 27.6 crores in its net profit for the Q4 of FY19. The profit is boosted by strong growth across its retail loans segment including home loans and mortgage loans and SME loans. - 2018-02-21 : Dhan Laxmi Bank reduces MCLR by 10 basis point
Dhan Laxmi Bank reduced its MCLR by 10 basis points in all tenors. These rates will be effective from February 7. Consequently, the two year MCLR is now 9% and three year is is 9.15%.
