Kuchh Baat Aapke Interest Ki

HDFC Loan Against Property EMI Calculator

Last Updated 10th Oct 2017

Lowest EMI on HDFC Bank Loan Against Property - Rs. 1,386 per lakh

Loan Tenure
Loan Amount (Rs.) 7 years 10 years 9 years
2,500,000 Rs. 40,988 Rs. 32,486 Rs. 34,657
5,000,000 Rs. 81,976 Rs. 64,973 Rs. 69,315
7,500,000 Rs. 122,964 Rs. 97,459 Rs. 103,972
10,000,000 Rs. 163,952 Rs. 129,946 Rs. 138,630
Loan Against Property EMI Calculator
Rs.

Loan Against Property EMI Calculator HDFC Bank

• 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 9 years at attractive interest rates starting is 9.60%, your EMI can be as low as Rs. 1386 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.

Compare Loan Against Property EMI of All Banks

*Terms and conditions apply. Credit at sole discretion of lender subject to credit appraisal, eligibility check, rates, charges and terms. Information displayed is indicative and from collected from public sources. MyLoanCare is an independent professional service provider and is not related to the government or government bodies or any regulator or any credit information bureau in any way. Information carried at this website is not and should not be construed as an offer or solicitation or invitation to borrow or lend. The Company does not undertake any liability with respect to the correctness of the content, information and calculations. Information is subject to change without notice. By submitting your query or using any tools or calculators, you authorize MyLoanCare to share your information with lender(s), consent for such lender(s) to access your credit information report and contact you regarding your query overriding your number being in National Do Not Call Registry. This is a free service and no charges are payable by the borrower to MyLoanCare. The Company may receive remuneration from lenders for services provided to them.