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Federal Loan Against Property EMI Calculator

Federal Bank Mortgage Loan EMI 2021

Last Updated 23rd Nov 2021

Get monthly EMI as low as ₹ 1,327 per lakh on Federal Bank loan against property. Mortgage loan EMI in Federal 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 Federal Bank mortgage loan calculator to evaluate your EMI before applying for a loan.
  • Check Federal Bank property loan EMI for different tenures at the current rate of 10.10%
Loan Amount5 Year Loan7 Year loan10 Year loan
₹ 20 Lakh₹ 42,593₹ 33,306₹ 26,541
₹ 30 Lakh₹ 63,889₹ 49,959₹ 39,812
₹ 50 Lakh₹ 1,06,481₹ 83,265₹ 66,353
Apply for Loan Against Property @ 6.90%* Get upto ₹ 1,000* Cashback
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Bank/NBFCs Rate* EMI per Lakh* Action

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Loan Against Property EMI Calculator Federal Bank

You can calculate your Federal Bank loan against property EMI in advance to plan your expenses using a Federal Bank mortgage loan calculator. Federal Bank loan against property EMI calculator is an online tool that gives accurate results without hassle.

Why should you use Federal Bank Loan Against Property EMI Calculator?

  • Calculate the EMI at Different Tenures : With Federal 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 Federal Bank loan against property to calculate the EMI. As per the current rates, Federal Bank offers the lowest EMI per lakh of ₹ 1,327 at 10.10 %
  • Compare Federal 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 Federal Bank loan EMI Calculator. On the basis of Federal Bank Loan against property EMI, you can choose the most affordable offer.
  • Get Detailed Amortisation Schedule : Federal 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 Federal 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.

Federal Bank Mortgage Loan EMI Calculator to estimate the EMI that fits your budget

To calculate the EMI against Federal Bank EMI loan against property at different rates and tenure, enter different loan amounts and tenure at the eligible interest rate on the Federal Bank Loan against property EMI calculator. The table below shows the Federal Bank EMI calculation at the various combinations of loan amount and years at the lowest rate of 10.10%.

Federal Bank Loan against property EMI is calculated for different loan amounts and tenures at 10.10% interest rate

Loan Tenure
Loan Amount (Rs.)10 years15 years20 years
EMI on ₹ 15,00,000 ₹ 19,906 ₹ 16,211 ₹ 14,575
EMI on ₹ 25,00,000 ₹ 33,176 ₹ 27,018 ₹ 24,291
EMI on ₹ 40,00,000 ₹ 53,082 ₹ 43,229 ₹ 38,866
EMI on ₹ 60,00,000 ₹ 79,623 ₹ 64,844 ₹ 58,299

Factors Affecting Federal Bank Property Loan EMI

You can calculate Federal 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 Federal Bank loan against property for an amount ranging between ₹ 10,00,000 to ₹ 5,00,00,000.

Interest Rate

A higher interest rate increases your Federal Bank loan against property EMI, increasing the total cost of the loan. As per the current rates, Federal Bank provides loan against property at rates starting at 10.10%. Before applying for a loan, you must compare LAP rates and calculate EMI online using Federal Bank loan against property loan calculator.

Loan Tenure

Your EMI will be lower if you avail mortgage loan for a maximum tenure of 10 years, and similarly, you will have to pay a higher EMI if your tenure is shorter.

Comparison of Federal 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
Federal Bank 10.10% ₹ 13,271 ₹ 39,812 ₹ 66,353
Federal Bank 10.10% ₹ 13,271 ₹ 39,812 ₹ 66,353
Standard Chartered Bank 10.10% ₹ 10,807 ₹ 32,422 ₹ 54,037
South Indian Bank 10.20% ₹ 12,067 ₹ 36,200 ₹ 60,333
Indian Bank 10.50% ₹ 16,861 ₹ 50,582 ₹ 84,303
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

Federal 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 ₹ 25 Lakh from Federal for 5 years at an interest rate of 10.10%, the EMI calculated for this loan amount would be ₹ 53,241 and the total annual EMIs to be paid annually is ₹ 6,38,888. The Federal Loan Against Property EMI schedule for 5 years is explained below in the table –

Amortization Schedule for a Loan Against Property of ₹ 25 Lakh over the 5 years

Year Interest paid during the year Principal repaid during the year Total amount paid during the year (Interest + Principal) Outstanding Principal
2021 ₹ 21,042 ₹ 32,199 ₹ 53,241 ₹ 24,67,801
2022 ₹ 2,30,695 ₹ 4,08,193 ₹ 6,38,888 ₹ 20,59,608
2023 ₹ 1,87,504 ₹ 4,51,384 ₹ 6,38,888 ₹ 16,08,223
2024 ₹ 1,39,744 ₹ 4,99,145 ₹ 6,38,888 ₹ 11,09,079
2025 ₹ 86,930 ₹ 5,51,959 ₹ 6,38,888 ₹ 5,57,120
2026 ₹ 28,528 ₹ 5,57,120 ₹ 5,85,648 ₹ 0

Each Federal 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 63.36% of your EMI has been used to repay the principal amount. This means that the remaining 36.64% of the EMI went into interest payment. Thus, you end up paying only 16.19% of the loan amount of ₹ 25 Lakh after paying 12 EMIs in the first year to Federal.

In year 5, the interest component of Federal EMI is around 5.26%, while the principal component is around 94.74%. Upto 5 years, you have cumulatively repaid 100% of your total Federal Loan Against Property.

Federal Bank Loan Against Property EMI for ₹ 10 Lakh

The following table shows EMI on Federal Bank loan against property for ₹ 10,00,000 for different tenures at an interest rate of 10.10%

Loan Amount Interest rate Tenure (Year) EMI
₹ 10,00,000 10.10% 5 Years ₹ 21,296
₹ 10,00,000 10.10% 10 Years ₹ 13,271
₹ 10,00,000 10.10% 12 Years ₹ 12,009
₹ 10,00,000 10.10% 10 Years ₹ 13,271

Federal Bank Loan Against Property EMI for ₹ 25 Lakh

The following table shows Federal Bank loan against property EMI for ₹ 25,00,000 for different tenures at an interest rate of 10.10%

Loan Amount Interest rate Tenure (Year) EMI
₹ 25,00,000 10.10% 5 Years ₹ 53,241
₹ 25,00,000 10.10% 10 Years ₹ 33,176
₹ 25,00,000 10.10% 12 Years ₹ 30,022
₹ 25,00,000 10.10% 10 Years ₹ 33,176

Federal Bank Mortgage Loan EMI for ₹ 30 Lakh

The following table shows Federal Bank loan against property EMI for ₹ 30,00,000 for different tenures at an interest rate of 10.10%

Loan Amount Interest rate Tenure (Year) EMI
₹ 30,00,000 10.10% 5 Years ₹ 63,889
₹ 30,00,000 10.10% 10 Years ₹ 39,812
₹ 30,00,000 10.10% 12 Years ₹ 36,026
₹ 30,00,000 10.10% 10 Years ₹ 39,812

FAQs

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

Federal 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 Federal 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 Federal 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, Federal 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 Federal Bank, the bank may increase your EMI amount.

Will Federal Bank Loan Against Property EMI change in case of prepayment?

Similar to all loans, Federal 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 Federal Bank may levy prepayment charges except on floating rate property loans sanctioned to individuals.

How does EMI calculator calculate Federal Bank Loan Against Property EMI?

Federal 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.
  • Federal 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 Federal 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 50% of the property value. Federal Bank assesses the property before approving your mortgage loan application.

How to pay your Federal Bank Mortgage loan EMI Online?

You can pay the Federal 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 Federal Bank branch to submit the cheque of your EMI.

What is the EMI for ₹ 10 Lakh mortgage loan in Federal 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 10.10% 5 years ₹ 21,296
₹ 10 Lakh 10.10% 10 years ₹ 13,271
₹ 10 Lakh 10.10% 12 years ₹ 12,009
₹ 10 Lakh 10.10% 10 years ₹ 13,271

How is Federal Bank loan against property EMI calculated?

You can calculate Federal Bank LAP EMI using the mathematical formula mentioned below or using an online Federal 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 Federal Bank?

To determine different Loan against property EMI Federal 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 10.10% 5 years ₹ 42,593
₹ 20 Lakh 10.10% 10 years ₹ 26,541
₹ 20 Lakh 10.10% 12 years ₹ 24,017
₹ 20 Lakh 10.10% 10 years ₹ 26,541

What is the EMI for ₹ 30 Lakh mortgage loan in Federal Bank?

To determine different Federal Bank EMI for different tenures, you can use a 30 lakh loan against property EMI Calculator.

Loan amount Interest rate Tenure EMI
₹ 30 Lakh 10.10% 5 years ₹ 63,889
₹ 30 Lakh 10.10% 10 years ₹ 39,812
₹ 30 Lakh 10.10% 12 years ₹ 36,026
₹ 30 Lakh 10.10% 10 years ₹ 39,812

What is the EMI for ₹ 50 Lakh mortgage loan in Federal Bank?

To estimate Federal 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 10.10% 5 years ₹ 1,06,481
₹ 50 Lakh 10.10% 10 years ₹ 66,353
₹ 50 Lakh 10.10% 12 years ₹ 60,043
₹ 50 Lakh 10.10% 10 years ₹ 66,353


Federal Bank Loan Against Property Reviews 4.5/5  by 1 customers
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Federal Loan Against Property News - Dec 2021
  • 2021-01-06 : Federal Bank’s gross advances rise 6% YoY in Q3
    Federal Bank reported a 12% increase in total deposits which includes fixed and recurring deposits for the third quarter of the fiscal. Further the bank reported an increase of 6% rise in gross advances which includes home, personal, gold, car, two-wheeler and education loans along with business and mudra loans. CASA ratio stood at 34.48% at the end of December 31, 2020, from 33.38% as on September 30, 2020.
  • 2019-07-17 : Federal Bank net profit rises by 46% to Rs. 384 crores during FY19-20
    Private sector lender, Federal Bank’s net profit has witnessed a 46% growth to Rs. 384 crores in the first quarter of FY 19-20. Previous year the profit stood at Rs. 262 crores. The growth is driven by stable asset quality and robust non-core income. Also, the lender has plans to achieve significant growth across its retail loan segment, including home loans and mortgage loans this year.
  • 2019-06-27 : Federal Bank plans to double its business to Rs. 5 lakh crore in the next 4 years
    Federal Bank is planning to double its business growth to Rs. 5 lakh crore in the next four years by focusing on lending to micro, small and medium enterprises, home loans and mortgage loans, and agriculture sectors. Also, it has plans to focus on maintaining high governance and financial performance during this fiscal to achieve growth.
  • 2019-05-21 : Federal Bank revises MCLR rates across loan tenure
    Federal Bank has revised its Marginal Cost of Funds Based Lending Rate (MCLR) across all tenure for the month of May. 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 8.70% and 8.80% respectively. For 3 months, the rate has been revised to 8.95%. While for 1 year the rate now stands at 9.15%. The revised rates are effective from May 16, 2019.
  • 2019-05-07 : Federal Bank Q4 net jumps 163% at Rs. 382 crores
    Private sector lender, Federal Bank has reported a 163% growth in net profit for the quarter ended March 31, boosted by strong growth across its retail loans segment including home loans and SME loans and fixed deposits. In addition, the lender’s Net interest income (NII) for the quarter increased by 16.57% to Rs. 4,176 crore. The housing loans registered a growth of 32.16%. While the SME loans grew by 12%.
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