IDFC First Loan Against Property EMI Calculator

• IDFC First Bank Loan Against Property EMI (or equated monthly instalment) is a fixed amount of money you pay the bank towards repayment of your property loan every month on a fixed day of the month till your loan is fully paid back.
• With IDFC First Bank now offering loan tenure upto 15 years at attractive interest rates starting at 8.00%, your EMI can be as low as ₹ 956 per ₹ one lakh loan amount.
• The IDFC First Bank Loan Against Property EMI comprises 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 IDFC First Bank loan against property interest rate.

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.

• 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.

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 years	15 years	20 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

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.

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
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
HDFC Bank	8.50%	₹ 9,847	₹ 29,542	₹ 49,237
LIC Housing Finance	8.50%	₹ 9,847	₹ 29,542	₹ 49,237
Axis Bank	8.75%	₹ 9,994	₹ 29,983	₹ 49,972
HDFC	8.75%	₹ 9,994	₹ 29,983	₹ 49,972
PNB Housing Finance	8.75%	₹ 8,837	₹ 26,511	₹ 44,186
Bank of India	8.85%	₹ 11,296	₹ 33,888	₹ 56,480
Punjab and Sind Bank	8.90%	₹ 11,324	₹ 33,972	₹ 56,620
Yes Bank	8.95%	₹ 10,113	₹ 30,339	₹ 50,565
Bajaj Home Finance	9.00%	₹ 8,997	₹ 26,992	₹ 44,986
Jammu And Kashmir Bank	9.20%	₹ 16,191	₹ 48,572	₹ 80,954
Edelweiss	9.25%	₹ 10,292	₹ 30,876	₹ 51,460
Karur Vysya Bank	9.25%	₹ 13,676	₹ 41,027	₹ 68,379
UCO Bank	9.45%	₹ 11,635	₹ 34,906	₹ 58,176
Kotak Bank	9.50%	₹ 11,664	₹ 34,991	₹ 58,319
PNB	9.50%	₹ 12,940	₹ 38,819	₹ 64,699
Indian Overseas Bank	9.75%	₹ 16,472	₹ 49,417	₹ 82,361
HSBC Bank	9.80%	₹ 10,624	₹ 31,872	₹ 53,120
Union Bank of India	9.80%	₹ 11,836	₹ 35,507	₹ 59,178
Canara Bank	9.95%	₹ 16,575	₹ 49,726	₹ 82,877
Syndicate Bank	9.95%	₹ 13,187	₹ 39,562	₹ 65,937
Indiabulls	9.99%	₹ 13,210	₹ 39,629	₹ 66,048
Federal Bank	10.10%	₹ 13,271	₹ 39,812	₹ 66,353
Standard Chartered Bank	10.10%	₹ 10,807	₹ 32,422	₹ 54,037
South Indian Bank	10.20%	₹ 12,067	₹ 36,200	₹ 60,333
Indian Bank	10.50%	₹ 16,861	₹ 50,582	₹ 84,303
Dhan Laxmi Bank	10.60%	₹ 11,116	₹ 33,348	₹ 55,580
Andhra Bank	10.75%	₹ 13,634	₹ 40,902	₹ 68,169
United Bank of India	10.75%	₹ 16,991	₹ 50,974	₹ 84,956
Karnataka Bank	10.89%	₹ 11,297	₹ 33,891	₹ 56,485
OBC	10.95%	₹ 13,747	₹ 41,240	₹ 68,734
Cholamandalam	11.00%	₹ 11,366	₹ 34,098	₹ 56,830
Lakshmi Vilas Bank	11.00%	₹ 13,775	₹ 41,325	₹ 68,875
Corporation Bank	11.35%	₹ 13,974	₹ 41,922	₹ 69,869
Piramal Housing Finance	11.50%	₹ 10,664	₹ 31,993	₹ 53,321
Central Bank of India	13.75%	₹ 15,377	₹ 46,130	₹ 76,883
Allahabad Bank	14.15%	₹ 16,422	₹ 49,265	₹ 82,108

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 ₹ 25 Lakh from IDFC First for 5 years at an interest rate of 8.00%, the EMI calculated for this loan amount would be ₹ 50,691 and the total annual EMIs to be paid annually is ₹ 6,08,292. The IDFC First Loan Against Property EMI schedule for 5 years is explained below in the table –

Amortization Schedule for a Loan Against Property of ₹ 25 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
2021	₹ 16,667	₹ 34,024	₹ 50,691	₹ 24,65,976
Dec	₹ 16,667	₹ 34,024	₹ 50,691	₹ 24,65,975
2022	₹ 1,81,868	₹ 4,26,424	₹ 6,08,292	₹ 20,39,551
Jan	₹ 16,440	₹ 34,251	₹ 50,691	₹ 24,31,724
Feb	₹ 16,211	₹ 34,479	₹ 50,691	₹ 23,97,245
Mar	₹ 15,982	₹ 34,709	₹ 50,691	₹ 23,62,535
Apr	₹ 15,750	₹ 34,941	₹ 50,691	₹ 23,27,594
May	₹ 15,517	₹ 35,174	₹ 50,691	₹ 22,92,421
Jun	₹ 15,283	₹ 35,408	₹ 50,691	₹ 22,57,013
Jul	₹ 15,047	₹ 35,644	₹ 50,691	₹ 22,21,368
Aug	₹ 14,809	₹ 35,882	₹ 50,691	₹ 21,85,486
Sep	₹ 14,570	₹ 36,121	₹ 50,691	₹ 21,49,365
Oct	₹ 14,329	₹ 36,362	₹ 50,691	₹ 21,13,004
Nov	₹ 14,087	₹ 36,604	₹ 50,691	₹ 20,76,399
Dec	₹ 13,843	₹ 36,848	₹ 50,691	₹ 20,39,551
2023	₹ 1,46,475	₹ 4,61,817	₹ 6,08,292	₹ 15,77,734
Jan	₹ 13,597	₹ 37,094	₹ 50,691	₹ 20,02,457
Feb	₹ 13,350	₹ 37,341	₹ 50,691	₹ 19,65,116
Mar	₹ 13,101	₹ 37,590	₹ 50,691	₹ 19,27,525
Apr	₹ 12,850	₹ 37,841	₹ 50,691	₹ 18,89,685
May	₹ 12,598	₹ 38,093	₹ 50,691	₹ 18,51,592
Jun	₹ 12,344	₹ 38,347	₹ 50,691	₹ 18,13,245
Jul	₹ 12,088	₹ 38,603	₹ 50,691	₹ 17,74,642
Aug	₹ 11,831	₹ 38,860	₹ 50,691	₹ 17,35,782
Sep	₹ 11,572	₹ 39,119	₹ 50,691	₹ 16,96,663
Oct	₹ 11,311	₹ 39,380	₹ 50,691	₹ 16,57,283
Nov	₹ 11,049	₹ 39,642	₹ 50,691	₹ 16,17,640
Dec	₹ 10,784	₹ 39,907	₹ 50,691	₹ 15,77,734
2024	₹ 1,08,144	₹ 5,00,148	₹ 6,08,292	₹ 10,77,586
Jan	₹ 10,518	₹ 40,173	₹ 50,691	₹ 15,37,561
Feb	₹ 10,250	₹ 40,441	₹ 50,691	₹ 14,97,120
Mar	₹ 9,981	₹ 40,710	₹ 50,691	₹ 14,56,410
Apr	₹ 9,709	₹ 40,982	₹ 50,691	₹ 14,15,429
May	₹ 9,436	₹ 41,255	₹ 50,691	₹ 13,74,174
Jun	₹ 9,161	₹ 41,530	₹ 50,691	₹ 13,32,644
Jul	₹ 8,884	₹ 41,807	₹ 50,691	₹ 12,90,837
Aug	₹ 8,606	₹ 42,085	₹ 50,691	₹ 12,48,752
Sep	₹ 8,325	₹ 42,366	₹ 50,691	₹ 12,06,386
Oct	₹ 8,043	₹ 42,648	₹ 50,691	₹ 11,63,737
Nov	₹ 7,758	₹ 42,933	₹ 50,691	₹ 11,20,805
Dec	₹ 7,472	₹ 43,219	₹ 50,691	₹ 10,77,586
2025	₹ 66,632	₹ 5,41,660	₹ 6,08,292	₹ 5,35,926
Jan	₹ 7,184	₹ 43,507	₹ 50,691	₹ 10,34,079
Feb	₹ 6,894	₹ 43,797	₹ 50,691	₹ 9,90,282
Mar	₹ 6,602	₹ 44,089	₹ 50,691	₹ 9,46,192
Apr	₹ 6,308	₹ 44,383	₹ 50,691	₹ 9,01,809
May	₹ 6,012	₹ 44,679	₹ 50,691	₹ 8,57,131
Jun	₹ 5,714	₹ 44,977	₹ 50,691	₹ 8,12,154
Jul	₹ 5,414	₹ 45,277	₹ 50,691	₹ 7,66,877
Aug	₹ 5,113	₹ 45,578	₹ 50,691	₹ 7,21,299
Sep	₹ 4,809	₹ 45,882	₹ 50,691	₹ 6,75,416
Oct	₹ 4,503	₹ 46,188	₹ 50,691	₹ 6,29,228
Nov	₹ 4,195	₹ 46,496	₹ 50,691	₹ 5,82,732
Dec	₹ 3,885	₹ 46,806	₹ 50,691	₹ 5,35,926
2026	₹ 21,674	₹ 5,35,926	₹ 5,57,601	-₹ 0
Jan	₹ 3,573	₹ 47,118	₹ 50,691	₹ 4,88,808
Feb	₹ 3,259	₹ 47,432	₹ 50,691	₹ 4,41,376
Mar	₹ 2,943	₹ 47,748	₹ 50,691	₹ 3,93,627
Apr	₹ 2,624	₹ 48,067	₹ 50,691	₹ 3,45,560
May	₹ 2,304	₹ 48,387	₹ 50,691	₹ 2,97,173
Jun	₹ 1,981	₹ 48,710	₹ 50,691	₹ 2,48,463
Jul	₹ 1,656	₹ 49,035	₹ 50,691	₹ 1,99,429
Aug	₹ 1,330	₹ 49,361	₹ 50,691	₹ 1,50,067
Sep	₹ 1,000	₹ 49,691	₹ 50,691	₹ 1,00,377
Oct	₹ 669	₹ 50,022	₹ 50,691	₹ 50,355
Nov	₹ 336	₹ 50,355	₹ 50,691	₹ 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 69.64% of your EMI has been used to repay the principal amount. This means that the remaining 30.36% of the EMI went into interest payment. Thus, you end up paying only 16.94% of the loan amount of ₹ 25 Lakh after paying 12 EMIs in the first year to IDFC First.

In year 5, the interest component of IDFC First EMI is around 4.2%, while the principal component is around 95.8%. Upto 5 years, you have cumulatively repaid 100% of your total IDFC First Loan Against Property.

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

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

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

✅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 60% 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