1,30,000 people visited this section in last 30 days. Apply Online

Get Cashback of Upto ₹ 1,000* on Property Loan Apply Online

MyLoanCare Customer Ratings - 4.5/5.0 Apply Online

My Account
☰ Menu

Dhan Laxmi Loan Against Property EMI Calculator

Dhan Laxmi Bank Mortgage Loan EMI

Last Updated 12th Apr 2021

Get monthly EMI as low as ₹ 1,171 per lakh on Dhan Laxmi Bank loan against property. Mortgage loan EMI in Dhan Laxmi 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 loan15 Year loan
₹ 20 Lakh₹ 44,035₹ 34,826₹ 23,427
₹ 30 Lakh₹ 66,053₹ 52,239₹ 35,141
₹ 50 Lakh₹ 1,10,089₹ 87,065₹ 58,569
    Apply for Loan Against Property @ 7.20%* Get upto ₹ 1,000* Cashback

    Please Re-confirm Your Number

    Submit

    Please Re-confirm Your

    Update
    Best Offers on Loan Against Property offerOffers
    Bank/NBFCs Rate* EMI per Lakh* Action

    * Starting From

    Apply Now

    Loan Against Property EMI Calculator Dhan Laxmi Bank

    Calculate Loan Against Property EMI of All Banks in India

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

    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 schedule

    Suppose you borrow a Loan Against Property of ₹ 15 Lakh from Dhan Laxmi for 15 years at an interest rate of 11.55%, the EMI calculated for this loan amount would be ₹ 17,571 and the total annual EMIs to be paid annually is ₹ 2,10,847. 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 ₹ 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 ₹ 1,28,827 ₹ 29,308 ₹ 1,58,135 ₹ 14,70,692
    2022 ₹ 1,67,624 ₹ 43,222 ₹ 2,10,847 ₹ 14,27,470
    2023 ₹ 1,62,359 ₹ 48,487 ₹ 2,10,847 ₹ 13,78,982
    2024 ₹ 1,56,453 ₹ 54,394 ₹ 2,10,847 ₹ 13,24,588
    2025 ₹ 1,49,827 ₹ 61,020 ₹ 2,10,847 ₹ 12,63,568
    2026 ₹ 1,42,394 ₹ 68,453 ₹ 2,10,847 ₹ 11,95,115
    2027 ₹ 1,34,055 ₹ 76,792 ₹ 2,10,847 ₹ 11,18,324
    2028 ₹ 1,24,701 ₹ 86,146 ₹ 2,10,847 ₹ 10,32,178
    2029 ₹ 1,14,207 ₹ 96,640 ₹ 2,10,847 ₹ 9,35,538
    2030 ₹ 1,02,435 ₹ 1,08,412 ₹ 2,10,847 ₹ 8,27,126
    2031 ₹ 89,228 ₹ 1,21,618 ₹ 2,10,847 ₹ 7,05,508
    2032 ₹ 74,414 ₹ 1,36,433 ₹ 2,10,847 ₹ 5,69,074
    2033 ₹ 57,794 ₹ 1,53,053 ₹ 2,10,847 ₹ 4,16,022
    2034 ₹ 39,150 ₹ 1,71,697 ₹ 2,10,847 ₹ 2,44,325
    2035 ₹ 18,235 ₹ 1,92,612 ₹ 2,10,847 ₹ 51,713
    2036 ₹ 999 ₹ 51,713 ₹ 52,712 -₹ 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 18.81% of your EMI has been used to repay the principal amount. This means that the remaining 81.19% of the EMI went into interest payment. Thus, you end up paying only 2.64% of the loan amount of ₹ 15 Lakh after paying 12 EMIs in the first year to Dhan Laxmi.

    In year 15, the interest component of Dhan Laxmi EMI is around 5.99%, while the principal component is around 94.01%. Upto 15 years, you have cumulatively repaid 100% of your total Dhan Laxmi Loan Against Property.

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

    After the announcement of RBI on 22nd May 2020, Dhan Laxmi 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 Dhan Laxmi 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 Dhan Laxmi Bank customer care or its nearest branch.

    Dhan Laxmi Bank Customer Care Number

    FAQs

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

    Dhan Laxmi 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 Dhan Laxmi 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, Dhan Laxmi 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 Dhan Laxmi 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 Dhan Laxmi 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.
    • Dhan Laxmi 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 Dhan Laxmi Bank?

    You can avail of a maximum loan of ₹ 5 Cr, 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.

    Related Topics
    Loan Against Property Apply Loan Against Property OnlineCompare Loan Against Property DetailsICIC Loan Against PropertyAxis Bank Loan Against PropertyLoan Against Property Interest RatesCalculate Loan Against Property EMIICICI Bank Loan Against Property EMI CalculatorAxis Bank Loan Against Property EMI CalculatorCheck Loan Against Property EligibilityICICI Bank Loan Against Property EligibilityAxis Bank Loan Against Property EligibilityLoan Against Property Pre-Payment ChargesLoan Against Property DocumentsMortgage LoanMortgage Loan for WeddingReverse Mortgage LoanStartup Loan on PropertyMortgage Loan for PensionersLoan Against Property Reviews
    Dhan Laxmi Loan Against Property News - Apr 2021
    • 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%.
    *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
    Calculate Your Income Tax ☺