HDFC Loan Against Property EMI Calculator

Lowest EMI on HDFC Loan Against Property - Rs. 1,075 per lakh

Last Updated 30th Mar 2017
Loan Tenure
Loan Amount (Rs.) 7 years 10 years 15 years
2,500,000 Rs. 41,503 Rs. 33,038 Rs. 26,865
5,000,000 Rs. 83,006 Rs. 66,075 Rs. 53,730
7,500,000 Rs. 124,509 Rs. 99,113 Rs. 80,595
10,000,000 Rs. 166,012 Rs. 132,151 Rs. 107,461

Check HDFC Loan Against Property EMI for a loan amount and tenure

HDFC Loan Against Property EMI Calculator
  • Loan Against Property EMI (or equated monthly instalment) is a fixed amount of money you pay HDFC towards repayment of your property loan every month on a fixed day of the month till your loan is fully paid back.
  • With HDFC now offering loan tenure upto 18 years at attractive interest rates starting is 10.00%, your EMI can be as low as Rs. 1075 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.
Use the above quick and easy tool to easily calculate and compare monthly EMI on HDFC Loan Against Property.

Will the HDFC 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 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 an extent that the revised loan tenure is more than the maximum permissible by HDFC, 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 HDFC 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.
HDFC Loan Against Property EMI Calculator News - Mar 2017
04th Jan 17 HDFC Ltd reduces interest rate for loan against property by 0.45 percent
HDFC Limited has reduced its rate of interest for loan against property by 0.45 percent. The revised lending rate for residential property now stands at 10.15 percent as compared to 10.60 percent earlier. Similarly, rate for commercial property is reduced to 10.65 percent. The rates are effective from 4th January, 2017.
24th Oct 15 Festival Offer at 10.60%
HDFC festival offer - loan against residential property at 10.60% to 12.35% and loan against commercial property at 11.10% to 12.60% for loans applied upto 30 Nov and 1st disb. upto 31 Dec 2015.
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