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IDFC First Loan Against Property EMI Calculator

IDFC First Bank Mortgage Loan EMI 2022

Last Updated 10th May 2022

Get monthly EMI as low as ₹ 836 per lakh on IDFC First Bank loan against property. Mortgage loan EMI in IDFC First Bank 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 IDFC First Bank mortgage loan calculator to evaluate your EMI before applying for a loan.
  • Check IDFC First Bank property loan EMI for different tenures at the current rate of 8.00%
Loan Amount5 Year Loan7 Year loan15 Year loan
₹ 10 Lakh₹ 20,276₹ 15,586₹ 9,557
₹ 25 Lakh₹ 50,691₹ 38,966₹ 23,891
₹ 40 Lakh₹ 81,106₹ 62,345₹ 38,226
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Loan Against Property EMI Calculator IDFC First Bank

Calculate Loan Against Property EMI of All Banks in India

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

Bank SBI
Interest Rates @8.80%
Lowest EMI Per Lakh ₹ 1,256 for 10 Years
Customer Rating
3.5/5.0
Compare Rates Apply Now
Bank HDFC
Interest Rates @7.65%
Lowest EMI Per Lakh ₹ 936 for 15 Years
Customer Rating
4.5/5.0
Compare Rates Apply Now

Why should you use IDFC First Bank Loan Against Property EMI Calculator?

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

IDFC First Bank Mortgage Loan EMI Calculator to estimate the EMI that fits your budget

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

IDFC First Bank 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 IDFC First Bank Property Loan EMI

You can calculate IDFC First Bank 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 IDFC First Bank loan against property for an amount ranging between ₹ 25,00,000 to ₹ 5,00,00,000.

Interest Rate

A higher interest rate increases your IDFC First Bank loan against property EMI, increasing the total cost of the loan. As per the current rates, IDFC First Bank 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 IDFC First Bank 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 IDFC First Bank 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
IDFC First Bank 8.00% ₹ 9,557 ₹ 28,670 ₹ 47,783
HDFC Bank 8.00% ₹ 9,557 ₹ 28,670 ₹ 47,783
IDFC First Bank 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
South Indian Bank 8.50% ₹ 11,101 ₹ 33,302 ₹ 55,503
Axis Bank 8.75% ₹ 9,994 ₹ 29,983 ₹ 49,972
PNB Housing Finance 8.75% ₹ 8,837 ₹ 26,511 ₹ 44,186
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IDFC First 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 ₹ 30 Lakh from IDFC First for 15 years at an interest rate of 8.00%, the EMI calculated for this loan amount would be ₹ 28,670 and the total annual EMIs to be paid annually is ₹ 3,44,035. The IDFC First Loan Against Property EMI schedule for 15 years is explained below in the table –

Amortization Schedule for a Loan Against Property of ₹ 30 Lakh over the 15 years

Year Interest paid during the year Principal repaid during the year Total amount paid during the year (Interest + Principal) Outstanding Principal
2022 ₹ 1,58,360 ₹ 70,997 ₹ 2,29,357 ₹ 29,29,003
2023 ₹ 2,30,207 ₹ 1,13,828 ₹ 3,44,035 ₹ 28,15,175
2024 ₹ 2,20,759 ₹ 1,23,276 ₹ 3,44,035 ₹ 26,91,900
2025 ₹ 2,10,527 ₹ 1,33,508 ₹ 3,44,035 ₹ 25,58,392
2026 ₹ 1,99,446 ₹ 1,44,589 ₹ 3,44,035 ₹ 24,13,803
2027 ₹ 1,87,445 ₹ 1,56,589 ₹ 3,44,035 ₹ 22,57,214
2028 ₹ 1,74,448 ₹ 1,69,586 ₹ 3,44,035 ₹ 20,87,628
2029 ₹ 1,60,373 ₹ 1,83,662 ₹ 3,44,035 ₹ 19,03,966
2030 ₹ 1,45,129 ₹ 1,98,906 ₹ 3,44,035 ₹ 17,05,060
2031 ₹ 1,28,620 ₹ 2,15,415 ₹ 3,44,035 ₹ 14,89,645
2032 ₹ 1,10,741 ₹ 2,33,294 ₹ 3,44,035 ₹ 12,56,351
2033 ₹ 91,377 ₹ 2,52,657 ₹ 3,44,035 ₹ 10,03,694
2034 ₹ 70,407 ₹ 2,73,628 ₹ 3,44,035 ₹ 7,30,066
2035 ₹ 47,696 ₹ 2,96,339 ₹ 3,44,035 ₹ 4,33,727
2036 ₹ 23,100 ₹ 3,20,935 ₹ 3,44,035 ₹ 1,12,792
2037 ₹ 1,886 ₹ 1,12,792 ₹ 1,14,678 -₹ 0

Each IDFC First 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 31.37% of your EMI has been used to repay the principal amount. This means that the remaining 68.63% of the EMI went into interest payment. Thus, you end up paying only 3.6% of the loan amount of ₹ 30 Lakh after paying 12 EMIs in the first year to IDFC First.

In year 15, the interest component of IDFC First EMI is around 4.2%, while the principal component is around 95.8%. Upto 15 years, you have cumulatively repaid 100% of your total IDFC First Loan Against Property.

IDFC First Bank Loan Against Property EMI for ₹ 10 Lakh

The following table shows EMI on IDFC First Bank 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

IDFC First Bank Loan Against Property EMI for ₹ 25 Lakh

The following table shows IDFC First Bank 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

IDFC First Bank Mortgage Loan EMI for ₹ 30 Lakh

The following table shows IDFC First Bank 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 IDFC First Bank Loan Against Property EMI remain constant or change in future? What happens in case of increase or decrease in interest rate?

IDFC First Bank 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 IDFC First Bank 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 IDFC First 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, IDFC First 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 the extent that the revised loan tenure is more than the maximum permissible by IDFC First Bank, the bank may increase your EMI amount.

✅Will IDFC First Bank Loan Against Property EMI change in case of prepayment?

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

✅How does EMI calculator calculate IDFC First Bank Loan Against Property EMI?

IDFC First Bank 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.
  • IDFC First Bank 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 IDFC First Bank?

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 80% of the property value. IDFC First Bank assesses the property before approving your mortgage loan application.

✅How to pay your IDFC First Bank Mortgage loan EMI Online?

You can pay the IDFC First Bank 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 IDFC First Bank branch to submit the cheque of your EMI.

✅What is the EMI for ₹ 10 Lakh mortgage loan in IDFC First Bank?

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 IDFC First Bank loan against property EMI calculated?

You can calculate IDFC First Bank LAP EMI using the mathematical formula mentioned below or using an online IDFC First Bank 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 IDFC First Bank?

To determine different Loan against property EMI IDFC First Bank 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 IDFC First Bank?

To determine different IDFC First Bank 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 IDFC First Bank?

To estimate IDFC First Bank 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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IDFC First Loan Against Property News - May 2022
  • 2021-11-01 : IDFC First Bank Profit Jumps By 50 Percent
    Private sector bank, IDFC First Bank has reported a nearly 50 percent jump in net profit. In the quarter ended in September 2021 the lender had a profit of Rs 151.74 crore, last year the profit was of Rs 101.41 crore. Total income during July-September of FY22 rose to Rs 4,880.29 crore, as against Rs 4,090.87 crore in the same quarter of FY21.
  • 2021-10-12 : IDFC First Bank Revises Interest Rate For Loan Against Property
    Indian private sector bank, IDFC First Bank has reduced interest rates for loans against property. Currently, the lender is offering loans at an interest rate of 7.50% for all the loan amounts.
  • 2021-06-14 : IDFC First Bank’s helping hand for the covid-affected families of employees
    To help the families of employees who lost their lives due to covid, IDFC First Bank is offering compensation of upto 4 times of the CTC along with a salary of two years. Along with that, the bank is also wavering the loans of such employees to reduce the burden on the employees’ family.
  • 2021-05-21 : IDFC First Bank profit surged 78% to Rs 128 crore
    IDFC First Bank reported a 78% jump in net profit at Rs 128 crore for the fourth quarter ended March 2021. The bank had posted a profit of Rs 72 crore during the corresponding January-March quarter a year ago. Total income during the fourth quarter rose to Rs 4,834 crore backed by Retail advances which include home, LAP, personal, two-wheeler, car, gold, education and doctor loan.
  • 2021-01-22 : IDFC First Bank retail loan surges 100%
    IDFC First Bank reported that its retail deposits which includes home, personal, car, two wheeler, gold and LAP increased 100% Y-o-Y. In addition to this, Customer Deposits of the Bank which includes FD and RDs increased to Rs. 77,289 Cr as on 31 December 2020 from Rs. 54,631 Cr as on 31 December 2019 . CASA ratio on outstanding deposits as on 31 December 2020 was 48.4%.
*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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