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 15 years at attractive interest rates starting is 8.75%, your EMI can be as low as ₹ 999 per ₹ 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 keeps reducing and the principal component keeps increasing, except in case of an increase in the interest rate on loan.

Use the above quick and easy tool to easily calculate and compare monthly EMI on HDFC Loan Against Property.

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 ₹ 10 Lakh from HDFC for 5 years at an interest rate of 8.75%, the EMI calculated for this loan amount would be ₹ 20,637 and the total annual EMIs to be paid annually is ₹ 2,47,647. The HDFC Loan Against Property EMI schedule for 5 years is explained below in the table –

Amortization Schedule for a Loan Against Property of ₹ 10 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
2020	₹ 7,292	₹ 13,346	₹ 20,637	₹ 9,86,654
Dec	₹ 7,292	₹ 13,346	₹ 20,637	₹ 9,86,654
2021	₹ 79,703	₹ 1,67,944	₹ 2,47,647	₹ 8,18,711
Jan	₹ 7,194	₹ 13,443	₹ 20,637	₹ 9,73,212
Feb	₹ 7,096	₹ 13,541	₹ 20,637	₹ 9,59,671
Mar	₹ 6,998	₹ 13,640	₹ 20,637	₹ 9,46,031
Apr	₹ 6,898	₹ 13,739	₹ 20,637	₹ 9,32,292
May	₹ 6,798	₹ 13,839	₹ 20,637	₹ 9,18,453
Jun	₹ 6,697	₹ 13,940	₹ 20,637	₹ 9,04,512
Jul	₹ 6,595	₹ 14,042	₹ 20,637	₹ 8,90,471
Aug	₹ 6,493	₹ 14,144	₹ 20,637	₹ 8,76,326
Sep	₹ 6,390	₹ 14,247	₹ 20,637	₹ 8,62,079
Oct	₹ 6,286	₹ 14,351	₹ 20,637	₹ 8,47,728
Nov	₹ 6,181	₹ 14,456	₹ 20,637	₹ 8,33,272
Dec	₹ 6,076	₹ 14,561	₹ 20,637	₹ 8,18,711
2022	₹ 64,404	₹ 1,83,243	₹ 2,47,647	₹ 6,35,468
Jan	₹ 5,970	₹ 14,667	₹ 20,637	₹ 8,04,043
Feb	₹ 5,863	₹ 14,774	₹ 20,637	₹ 7,89,269
Mar	₹ 5,755	₹ 14,882	₹ 20,637	₹ 7,74,387
Apr	₹ 5,647	₹ 14,991	₹ 20,637	₹ 7,59,396
May	₹ 5,537	₹ 15,100	₹ 20,637	₹ 7,44,296
Jun	₹ 5,427	₹ 15,210	₹ 20,637	₹ 7,29,086
Jul	₹ 5,316	₹ 15,321	₹ 20,637	₹ 7,13,765
Aug	₹ 5,205	₹ 15,433	₹ 20,637	₹ 6,98,332
Sep	₹ 5,092	₹ 15,545	₹ 20,637	₹ 6,82,787
Oct	₹ 4,979	₹ 15,659	₹ 20,637	₹ 6,67,128
Nov	₹ 4,864	₹ 15,773	₹ 20,637	₹ 6,51,356
Dec	₹ 4,749	₹ 15,888	₹ 20,637	₹ 6,35,468
2023	₹ 47,711	₹ 1,99,935	₹ 2,47,647	₹ 4,35,533
Jan	₹ 4,634	₹ 16,004	₹ 20,637	₹ 6,19,464
Feb	₹ 4,517	₹ 16,120	₹ 20,637	₹ 6,03,344
Mar	₹ 4,399	₹ 16,238	₹ 20,637	₹ 5,87,106
Apr	₹ 4,281	₹ 16,356	₹ 20,637	₹ 5,70,750
May	₹ 4,162	₹ 16,476	₹ 20,637	₹ 5,54,274
Jun	₹ 4,042	₹ 16,596	₹ 20,637	₹ 5,37,679
Jul	₹ 3,921	₹ 16,717	₹ 20,637	₹ 5,20,962
Aug	₹ 3,799	₹ 16,839	₹ 20,637	₹ 5,04,124
Sep	₹ 3,676	₹ 16,961	₹ 20,637	₹ 4,87,162
Oct	₹ 3,552	₹ 17,085	₹ 20,637	₹ 4,70,077
Nov	₹ 3,428	₹ 17,210	₹ 20,637	₹ 4,52,868
Dec	₹ 3,302	₹ 17,335	₹ 20,637	₹ 4,35,533
2024	₹ 29,498	₹ 2,18,149	₹ 2,47,647	₹ 2,17,384
Jan	₹ 3,176	₹ 17,461	₹ 20,637	₹ 4,18,071
Feb	₹ 3,048	₹ 17,589	₹ 20,637	₹ 4,00,482
Mar	₹ 2,920	₹ 17,717	₹ 20,637	₹ 3,82,765
Apr	₹ 2,791	₹ 17,846	₹ 20,637	₹ 3,64,919
May	₹ 2,661	₹ 17,976	₹ 20,637	₹ 3,46,943
Jun	₹ 2,530	₹ 18,107	₹ 20,637	₹ 3,28,835
Jul	₹ 2,398	₹ 18,239	₹ 20,637	₹ 3,10,596
Aug	₹ 2,265	₹ 18,372	₹ 20,637	₹ 2,92,223
Sep	₹ 2,131	₹ 18,506	₹ 20,637	₹ 2,73,717
Oct	₹ 1,996	₹ 18,641	₹ 20,637	₹ 2,55,075
Nov	₹ 1,860	₹ 18,777	₹ 20,637	₹ 2,36,298
Dec	₹ 1,723	₹ 18,914	₹ 20,637	₹ 2,17,384
2025	₹ 9,626	₹ 2,17,384	₹ 2,27,010	₹ 0
Jan	₹ 1,585	₹ 19,052	₹ 20,637	₹ 1,98,332
Feb	₹ 1,446	₹ 19,191	₹ 20,637	₹ 1,79,141
Mar	₹ 1,306	₹ 19,331	₹ 20,637	₹ 1,59,810
Apr	₹ 1,165	₹ 19,472	₹ 20,637	₹ 1,40,338
May	₹ 1,023	₹ 19,614	₹ 20,637	₹ 1,20,724
Jun	₹ 880	₹ 19,757	₹ 20,637	₹ 1,00,967
Jul	₹ 736	₹ 19,901	₹ 20,637	₹ 81,066
Aug	₹ 591	₹ 20,046	₹ 20,637	₹ 61,020
Sep	₹ 445	₹ 20,192	₹ 20,637	₹ 40,827
Oct	₹ 298	₹ 20,340	₹ 20,637	₹ 20,488
Nov	₹ 149	₹ 20,488	₹ 20,637	₹ 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 67.32% of your EMI has been used to repay the principal amount. This means that the remaining 32.68% of the EMI went into interest payment. Thus, you end up paying only 16.67% of the loan amount of ₹ 10 Lakh after paying 12 EMIs in the first year to HDFC.

In year 5, the interest component of HDFC EMI is around 4.58%, while the principal component is around 95.42%. Upto 5 years, you have cumulatively repaid 100% of your total HDFC Loan Against Property.

After the announcement of RBI on 22nd May 2020, HDFC has extended the loan moratorium for the term loans and interest of working capital loans to next three months till August 2020. As a borrower, you have the option to opt-in or opt-out of the moratorium by informing HDFC. The interest will continue to accrue on the principal outstanding during this moratorium and the accumulated interest would be added to the principal amount resulting in the extension of loan tenure except in cases where the tenure extension is not possible will increase EMI amount. The moratorium on payment of Loan Against Property EMI’s will not be treated as default and will not have any negative impact on the borrower’s credit score. To know more about the moratorium option, you may contact HDFC customer care or its nearest branch.

✅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 SBI 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 Loan Against Property EMI change in case of prepayment?

Similar to all loans, 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 Loan Against Property EMI calculator, calculate Loan Against Property EMI?

Loan against property 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 Cr, 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.