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HDFC Loan Against Property EMI Calculator

HDFC Mortgage Loan EMI 2021

Last Updated 06th Oct 2021

Get monthly EMI as low as ₹ 956 per lakh on HDFC loan against property. Mortgage loan EMI in HDFC 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 HDFC mortgage loan calculator to evaluate your EMI before applying for a loan.
  • Check HDFC property loan EMI for different tenures at the current rate of 8.00%
Loan Amount5 Year Loan7 Year loan15 Year loan
₹ 20 Lakh₹ 40,553₹ 31,172₹ 19,113
₹ 30 Lakh₹ 60,829₹ 46,759₹ 28,670
₹ 50 Lakh₹ 1,01,382₹ 77,931₹ 47,783
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Loan Against Property EMI Calculator HDFC

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

Why should you use HDFC Loan Against Property EMI Calculator?

  • Calculate the EMI at Different Tenures : With HDFC 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 HDFC loan against property to calculate the EMI. As per the current rates, HDFC offers the lowest EMI per lakh of ₹ 956 at 8.00 %
  • Compare HDFC 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 HDFC loan EMI Calculator. On the basis of HDFC Loan against property EMI, you can choose the most affordable offer.
  • Get Detailed Amortisation Schedule : HDFC 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 HDFC 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.

HDFC Mortgage Loan EMI Calculator to estimate the EMI that fits your budget

To calculate the EMI against HDFC EMI loan against property at different rates and tenure, enter different loan amounts and tenure at the eligible interest rate on the HDFC Loan against property EMI calculator. The table below shows the HDFC EMI calculation at the various combinations of loan amount and years at the lowest rate of 8.00%.

HDFC Loan against property EMI is calculated for different loan amounts and tenures at 8.00% interest rate

Loan Tenure
Loan Amount (Rs.)10 years15 years20 years
EMI on ₹ 15,00,000 ₹ 18,199 ₹ 14,335 ₹ 12,547
EMI on ₹ 25,00,000 ₹ 30,332 ₹ 23,891 ₹ 20,911
EMI on ₹ 40,00,000 ₹ 48,531 ₹ 38,226 ₹ 33,458
EMI on ₹ 60,00,000 ₹ 72,797 ₹ 57,339 ₹ 50,186

Factors Affecting HDFC Property Loan EMI

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

Interest Rate

A higher interest rate increases your HDFC loan against property EMI, increasing the total cost of the loan. As per the current rates, HDFC provides loan against property at rates starting at 8.00%. Before applying for a loan, you must compare LAP rates and calculate EMI online using HDFC 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 HDFC 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
HDFC 8.00% ₹ 9,557 ₹ 28,670 ₹ 47,783
SBI 8.05% ₹ 9,585 ₹ 28,756 ₹ 47,927
IDBI Bank 8.10% ₹ 9,614 ₹ 28,843 ₹ 48,072
DBS Bank 8.15% ₹ 12,212 ₹ 36,636 ₹ 61,061
DCB Bank 8.25% ₹ 9,701 ₹ 29,104 ₹ 48,507
ICICI Bank 8.35% ₹ 9,760 ₹ 29,279 ₹ 48,798
Axis Bank 8.50% ₹ 9,847 ₹ 29,542 ₹ 49,237
HDFC Bank 8.50% ₹ 9,847 ₹ 29,542 ₹ 49,237
LIC Housing Finance 8.50% ₹ 9,847 ₹ 29,542 ₹ 49,237
Bank of India 8.85% ₹ 11,296 ₹ 33,888 ₹ 56,480
PNB Housing Finance 8.90% ₹ 8,933 ₹ 26,799 ₹ 44,665

HDFC 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 HDFC for 20 years at an interest rate of 8.00%, the EMI calculated for this loan amount would be ₹ 16,729 and the total annual EMIs to be paid annually is ₹ 2,00,746. The HDFC 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 ₹ 39,932 ₹ 10,254 ₹ 50,186 ₹ 19,89,746
2022 ₹ 1,57,621 ₹ 43,124 ₹ 2,00,746 ₹ 19,46,621
2023 ₹ 1,54,042 ₹ 46,704 ₹ 2,00,746 ₹ 18,99,917
2024 ₹ 1,50,165 ₹ 50,580 ₹ 2,00,746 ₹ 18,49,337
2025 ₹ 1,45,967 ₹ 54,778 ₹ 2,00,746 ₹ 17,94,559
2026 ₹ 1,41,421 ₹ 59,325 ₹ 2,00,746 ₹ 17,35,234
2027 ₹ 1,36,497 ₹ 64,249 ₹ 2,00,746 ₹ 16,70,985
2028 ₹ 1,31,164 ₹ 69,581 ₹ 2,00,746 ₹ 16,01,404
2029 ₹ 1,25,389 ₹ 75,357 ₹ 2,00,746 ₹ 15,26,047
2030 ₹ 1,19,134 ₹ 81,611 ₹ 2,00,746 ₹ 14,44,436
2031 ₹ 1,12,361 ₹ 88,385 ₹ 2,00,746 ₹ 13,56,051
2032 ₹ 1,05,025 ₹ 95,721 ₹ 2,00,746 ₹ 12,60,331
2033 ₹ 97,080 ₹ 1,03,666 ₹ 2,00,746 ₹ 11,56,665
2034 ₹ 88,476 ₹ 1,12,270 ₹ 2,00,746 ₹ 10,44,395
2035 ₹ 79,158 ₹ 1,21,588 ₹ 2,00,746 ₹ 9,22,807
2036 ₹ 69,066 ₹ 1,31,680 ₹ 2,00,746 ₹ 7,91,128
2037 ₹ 58,136 ₹ 1,42,609 ₹ 2,00,746 ₹ 6,48,518
2038 ₹ 46,300 ₹ 1,54,446 ₹ 2,00,746 ₹ 4,94,073
2039 ₹ 33,481 ₹ 1,67,265 ₹ 2,00,746 ₹ 3,26,808
2040 ₹ 19,598 ₹ 1,81,147 ₹ 2,00,746 ₹ 1,45,661
2041 ₹ 4,898 ₹ 1,45,661 ₹ 1,50,559 -₹ 0

Each HDFC 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 21.06% of your EMI has been used to repay the principal amount. This means that the remaining 78.94% of the EMI went into interest payment. Thus, you end up paying only 2.11% of the loan amount of ₹ 20 Lakh after paying 12 EMIs in the first year to HDFC.

In year 20, the interest component of HDFC EMI is around 4.2%, while the principal component is around 95.8%. Upto 20 years, you have cumulatively repaid 100% of your total HDFC Loan Against Property.

HDFC Loan Against Property EMI for ₹ 10 Lakh

The following table shows EMI on HDFC loan against property for ₹ 10,00,000 for different tenures at an interest rate of 8.00%

Loan Amount Interest rate Tenure (Year) EMI
₹ 10,00,000 8.00% 5 Years ₹ 20,276
₹ 10,00,000 8.00% 10 Years ₹ 12,133
₹ 10,00,000 8.00% 12 Years ₹ 10,825
₹ 10,00,000 8.00% 15 Years ₹ 9,557

HDFC Loan Against Property EMI for ₹ 25 Lakh

The following table shows HDFC loan against property EMI for ₹ 25,00,000 for different tenures at an interest rate of 8.00%

Loan Amount Interest rate Tenure (Year) EMI
₹ 25,00,000 8.00% 5 Years ₹ 50,691
₹ 25,00,000 8.00% 10 Years ₹ 30,332
₹ 25,00,000 8.00% 12 Years ₹ 27,061
₹ 25,00,000 8.00% 15 Years ₹ 23,891

HDFC Mortgage Loan EMI for ₹ 30 Lakh

The following table shows HDFC loan against property EMI for ₹ 30,00,000 for different tenures at an interest rate of 8.00%

Loan Amount Interest rate Tenure (Year) EMI
₹ 30,00,000 8.00% 5 Years ₹ 60,829
₹ 30,00,000 8.00% 10 Years ₹ 36,398
₹ 30,00,000 8.00% 12 Years ₹ 32,474
₹ 30,00,000 8.00% 15 Years ₹ 28,670

FAQs

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

HDFC 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 HDFC 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 HDFC 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, HDFC 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 HDFC, the bank may increase your EMI amount.

Will HDFC Loan Against Property EMI change in case of prepayment?

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

How does EMI calculator calculate HDFC Loan Against Property EMI?

HDFC 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.
  • HDFC 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 HDFC?

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. HDFC assesses the property before approving your mortgage loan application.

How to pay your HDFC Mortgage loan EMI Online?

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

What is the EMI for ₹ 10 Lakh mortgage loan in HDFC?

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 8.00% 5 years ₹ 20,276
₹ 10 Lakh 8.00% 10 years ₹ 12,133
₹ 10 Lakh 8.00% 12 years ₹ 10,825
₹ 10 Lakh 8.00% 15 years ₹ 9,557

How is HDFC loan against property EMI calculated?

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

To determine different Loan against property EMI HDFC 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 8.00% 5 years ₹ 40,553
₹ 20 Lakh 8.00% 10 years ₹ 24,266
₹ 20 Lakh 8.00% 12 years ₹ 21,649
₹ 20 Lakh 8.00% 15 years ₹ 19,113

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

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

Loan amount Interest rate Tenure EMI
₹ 30 Lakh 8.00% 5 years ₹ 60,829
₹ 30 Lakh 8.00% 10 years ₹ 36,398
₹ 30 Lakh 8.00% 12 years ₹ 32,474
₹ 30 Lakh 8.00% 15 years ₹ 28,670

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

To estimate HDFC 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 8.00% 5 years ₹ 1,01,382
₹ 50 Lakh 8.00% 10 years ₹ 60,664
₹ 50 Lakh 8.00% 12 years ₹ 54,123
₹ 50 Lakh 8.00% 15 years ₹ 47,783


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HDFC Loan Against Property News - Oct 2021
  • 2021-03-08 : HDFC cut its PLR to 16.05%
    HDFC reduced its Prime lending rate to 16.05%. The revised rates are effective from March 2021.
  • 2021-03-05 : HDFC cut its home loan rates to 6.70%
    ICICI Bank cut its home loan rates for March 2021. The new home loan rate starts at 6.70%.
  • 2020-04-28 : HDFC revised its loan against property rates
    HDFC changed its loan against property rates. The new rates for loan amount upto Rs. 50 lakhs stands between 9.10% and 10.40%. Further, the rate for loan amount above Rs. 50 lakhs is between 8.95% to 10.25%.
  • 2020-01-08 : HDFC revised interest rates on Loan against property
    The interest rate for the self-occupied residential property is revised to 9.40% and the interest rate for Non- self-occupied residential property and commercial property is 9.65%. The revised rates are in effect from 6 January 2020.
  • 2019-08-14 : HDFC reduces home loan rates by 15 basis points
    One of the leading home loan NBFC, HDFC has revised its housing loan rates. For loan amount up to Rs. 30 Lakh, the rate has been revised to 8.40% as compared to 8.55% earlier. While for loan amount above Rs. 2 crores, has been revised to Rs. 8.80%.
*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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