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Dhan Laxmi Loan Against Property EMI Calculator

Dhan Laxmi Bank Mortgage Loan EMI 2021

Last Updated 11th Oct 2021

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.

  • Use Dhan Laxmi Bank mortgage loan calculator to evaluate your EMI before applying for a loan.
  • Check Dhan Laxmi Bank property loan EMI for different tenures at the current rate of 10.60%
Loan Amount5 Year Loan7 Year loan15 Year loan
₹ 20 Lakh₹ 43,087₹ 33,826₹ 22,232
₹ 30 Lakh₹ 64,630₹ 50,739₹ 33,348
₹ 50 Lakh₹ 1,07,717₹ 84,564₹ 55,580
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Loan Against Property EMI Calculator Dhan Laxmi Bank

Calculate Loan Against Property EMI of All Banks in India

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.

Bank SBI
Interest Rates @8.80%
Lowest EMI Per Lakh ₹ 1,256 for 10 Years
Customer Rating
3.5/5.0
Compare Rates Apply Now
Bank HDFC
Interest Rates @8.75%
Lowest EMI Per Lakh ₹ 999 for 15 Years
Customer Rating
4.5/5.0
Compare Rates Apply Now

Why should you use Dhan Laxmi Bank Loan Against Property EMI Calculator?

  • Calculate the EMI at Different Tenures : With Dhan Laxmi Bank LAP EMI Calculator, you can compare the EMI on your loan against property with different loan tenures and loan amount. However, you must check the interest rate on Dhan Laxmi Bank loan against property to calculate the EMI. As per the current rates, Dhan Laxmi Bank offers the lowest EMI per lakh of ₹ 1,112 at 10.60 %
  • Compare Dhan Laxmi Bank LAP EMI : You can also get a precise estimate on your loan against property compared to other banks at the same loan amount and tenure by using Dhan Laxmi Bank loan EMI Calculator. On the basis of Dhan Laxmi Bank Loan against property EMI, you can choose the most affordable offer.
  • Get Detailed Amortisation Schedule : Dhan Laxmi Bank Loan against EMI Calculator helps you to calculate the division of total EMIs into interest and principal repayment at different periods throughout the loan tenure.
  • Calculate the Outstanding Balance : Finally, you can also use Dhan Laxmi Bank EMI Calculator to calculate the remaining loan tenure for the outstanding balance at any period of the loan tenure. Thus, it can help you reduce your loan tenure by prepayment or foreclosure or to avail loan at a lower rate with balance trasnfer.

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 years15 years20 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.

Loan Amount

If you apply for a higher loan amount, you will have to pay a higher EMI on loan against property. You can avail of Dhan Laxmi Bank loan against property for an amount ranging between ₹ 5,00,000 to ₹ 5,00,00,000.

Interest Rate

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.

Loan Tenure

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
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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 ₹ 20 Lakh from Dhan Laxmi for 20 years at an interest rate of 10.60%, the EMI calculated for this loan amount would be ₹ 20,102 and the total annual EMIs to be paid annually is ₹ 2,41,225. The Dhan Laxmi 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 ₹ 52,935 ₹ 7,371 ₹ 60,306 ₹ 19,92,629
2022 ₹ 2,09,717 ₹ 31,508 ₹ 2,41,225 ₹ 19,61,120
2023 ₹ 2,06,210 ₹ 35,015 ₹ 2,41,225 ₹ 19,26,105
2024 ₹ 2,02,313 ₹ 38,913 ₹ 2,41,225 ₹ 18,87,192
2025 ₹ 1,97,981 ₹ 43,244 ₹ 2,41,225 ₹ 18,43,948
2026 ₹ 1,93,168 ₹ 48,057 ₹ 2,41,225 ₹ 17,95,891
2027 ₹ 1,87,819 ₹ 53,406 ₹ 2,41,225 ₹ 17,42,485
2028 ₹ 1,81,875 ₹ 59,351 ₹ 2,41,225 ₹ 16,83,134
2029 ₹ 1,75,269 ₹ 65,957 ₹ 2,41,225 ₹ 16,17,177
2030 ₹ 1,67,928 ₹ 73,298 ₹ 2,41,225 ₹ 15,43,880
2031 ₹ 1,59,769 ₹ 81,456 ₹ 2,41,225 ₹ 14,62,423
2032 ₹ 1,50,703 ₹ 90,523 ₹ 2,41,225 ₹ 13,71,901
2033 ₹ 1,40,627 ₹ 1,00,598 ₹ 2,41,225 ₹ 12,71,302
2034 ₹ 1,29,430 ₹ 1,11,795 ₹ 2,41,225 ₹ 11,59,507
2035 ₹ 1,16,987 ₹ 1,24,239 ₹ 2,41,225 ₹ 10,35,268
2036 ₹ 1,03,158 ₹ 1,38,067 ₹ 2,41,225 ₹ 8,97,201
2037 ₹ 87,791 ₹ 1,53,434 ₹ 2,41,225 ₹ 7,43,767
2038 ₹ 70,713 ₹ 1,70,512 ₹ 2,41,225 ₹ 5,73,254
2039 ₹ 51,734 ₹ 1,89,491 ₹ 2,41,225 ₹ 3,83,763
2040 ₹ 30,643 ₹ 2,10,582 ₹ 2,41,225 ₹ 1,73,181
2041 ₹ 7,738 ₹ 1,73,181 ₹ 1,80,919 -₹ 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 12.72% of your EMI has been used to repay the principal amount. This means that the remaining 87.28% of the EMI went into interest payment. Thus, you end up paying only 1.53% of the loan amount of ₹ 20 Lakh after paying 12 EMIs in the first year to Dhan Laxmi.

In year 20, the interest component of Dhan Laxmi EMI is around 5.51%, while the principal component is around 94.49%. Upto 20 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:

  • 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 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:

  • 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 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:

  • 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 ₹ 5,00,00,000, 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.

  • E = [P x R x (1+R)^N]/[(1+R)^N-1] where
  • ‘E’ means Equated monthly instalments
  • ‘P’ means the principal amount
  • ‘N’ is the number of monthly instalments
  • ‘R’ is the interest rate per month.

✅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

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Dhan Laxmi Loan Against Property News - Oct 2021
  • 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%.
*Terms and conditions apply. Credit at sole discretion of lender, which is subject to credit appraisal, eligibility check, rates, charges and terms. Information displayed is indicative and collected from public sources. Read More
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