HDFC Loan Against Property EMI Calculator

Lowest EMI on HDFC Bank Loan Against Property - Rs. 1,449 per lakh

Last Updated 04th Dec 2016
Loan Tenure
Loan Amount (Rs.) 7 years 10 years 9 years
2,500,000 Rs. 42,478 Rs. 34,085 Rs. 36,220
5,000,000 Rs. 84,956 Rs. 68,169 Rs. 72,440
7,500,000 Rs. 127,435 Rs. 102,254 Rs. 108,660
10,000,000 Rs. 169,913 Rs. 136,339 Rs. 144,880

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

HDFC Bank Loan Against Property EMI Calculator
  • Loan Against Property EMI (or equated monthly instalment) is a fixed amount of money you pay HDFC Bank towards repayment of your property loan every month on a fixed day of the month till your loan is fully paid back.
  • With HDFC Bank now offering loan tenure upto 18 years at attractive interest rates starting is 10.75%, your EMI can be as low as Rs. 1449 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 Bank 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 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, HDFC 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 HDFC 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 HDFC 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.
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HDFC Loan Against Property EMI Calculator News - Dec 2016
24th Nov 16 HDFC Bank will accept payments through UPIs
HDFC Bank has decided to accept payments through digital payment system known as Unified Payment Interface (UPI). UPI helps the customers transfer amount through bank account number, IFSC code etc. HDFC Bank has its own digital wallet application called Payzapp.
19th Nov 16 HDFC sells Rs. 869 crores Unitech loan to JM Financial Asset Reconstruction Company
HDFC has sold reality firm Unitech outstanding loan of Rs. 869 crores to JM Financial Asset Reconstruction Company. JM ARC has paid Rs. 155 crores upfront and has issued security receipts of Rs. 705 crores to HDFC.
18th Nov 16 HDFC Bank FD rate cut by 0.25 percent from 17th November, 2016
HDFC Bank has reduced its one year fixed deposits rates for bulk deposits (Rs. one to five crores) by 0.25 percent to 6.75 percent. The revised fixed deposits rates for three year to five years are now 6.5 percent instead of 6.75 percent earlier. The new rates are applicable from 17th November, 2016.
09th Nov 16 HDFC fixed deposits rate cut to 7 percent
HDFC Bank has reduced its one year fixed deposits rate by 25 basis points to 7 percent. Two and three year deposit rates are also reduced to 7 percent. The deposit rate offered by the bank is lower than SBI which has slashed its one year deposit rate to 7.05 percent, lowest in six years.
07th Nov 16 HDFC Bank reduces its MCLR Base Rate by 0.15 percent from 7th November, 2016
HDFC Bank has reduced its one year marginal cost of lending rate by 0.15 percent to 8.90 percent. The overnight minimum lending rate is cut to 8.70 percent from 8.85 percent and three year rate is reduced to 9.05 percent from 9.20 percent. The revised rates will be effective from 7th November, 2016.
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