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Dhan Laxmi Loan Against Property EMI Calculator

Last Updated 01st Aug 2019

Get monthly EMI as low as Rs. 1,180 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.

Dhan Laxmi Bank Mortgage Loan EMI

7th August 2019 – RBI cuts repo rate by 35 bps to 5.40%

Loan Amount5 year loan7 year loan15 year loan
₹ 25 Lakh₹ 55,208₹ 43,705₹ 29,491
₹ 50 Lakh₹ 1,10,415₹ 87,410₹ 58,983
₹ 75 Lakh₹ 1,65,623₹ 1,31,115₹ 88,474
₹ 1 Cr₹ 2,20,831₹ 1,74,821₹ 1,17,966
Dhan Laxmi Bank Mortgage Loan Rates
Dhan Laxmi Bank Mortgage Loan Eligibility
Loan Against Property EMI Calculator
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Loan Against Property EMI Calculator Dhan Laxmi Bank

  • Loan Against Property EMI (or equated monthly instalment) is a fixed amount of money you pay Dhan Laxmi Bank towards repayment of your property loan every month on a fixed day of the month till your loan is fully paid back.
  • With Dhan Laxmi Bank now offering loan tenure upto 15 years at attractive interest rates starting is 11.68%, your EMI can be as low as Rs. 1,180 per Rs. one lakh loan amount.
  • The Loan Against Property EMI comprises of both principal repayment and interest payment. While the EMI amount remains constant, the interest component of keeps reducing and the principal component keeps increasing, except in case of an increase in interest rate on the loan.
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.

Frequently Asked Questions

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?
  • 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 an 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?
  • 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 pay off the loan faster) or reduce the EMI and keep the loan tenure unchanged (thus paying 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?
  • EMI is calculated using a combination of loan amount, loan tenure and interest rate.
  • EMI is calculated 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.

Compare Loan Against Property EMI of All Banks

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Dhan Laxmi Loan Against Property News - Aug 2019
  • 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%.
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