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India Shelters Loan Against Property EMI Calculator

India Shelters Mortgage Loan EMI 2021

Last Updated 22nd Jun 2021

Get monthly EMI as low as ₹ 1,613 per lakh on India Shelters loan against property. Mortgage loan EMI in India Shelters 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 India Shelters mortgage loan calculator to evaluate your EMI before applying for a loan.
  • Check India Shelters property loan EMI for different tenures at the current rate of 15.00%
Loan Amount5 Year Loan7 Year loan10 Year loan
₹ 10 Lakh₹ 23,790₹ 19,297₹ 16,134
₹ 25 Lakh₹ 59,475₹ 48,242₹ 40,334
₹ 40 Lakh₹ 95,160₹ 77,187₹ 64,534
Apply for Loan Against Property @ 6.90%* Get upto ₹ 1,000* Cashback
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Bank/NBFCs Rate* EMI per Lakh* Action

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Loan Against Property EMI Calculator India Shelters

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

Why should you use India Shelters Loan Against Property EMI Calculator?

  • Calculate the EMI at Different Tenures : With India Shelters 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 India Shelters loan against property to calculate the EMI. As per the current rates, India Shelters offers the lowest EMI per lakh of ₹ 1,613 at 15.00 %
  • Compare India Shelters 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 India Shelters loan EMI Calculator. On the basis of India Shelters Loan against property EMI, you can choose the most affordable offer.
  • Get Detailed Amortisation Schedule : India Shelters 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 India Shelters 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.

India Shelters Mortgage Loan EMI Calculator to estimate the EMI that fits your budget

To calculate the EMI against India Shelters EMI loan against property at different rates and tenure, enter different loan amounts and tenure at the eligible interest rate on the India Shelters Loan against property EMI calculator. The table below shows the India Shelters EMI calculation at the various combinations of loan amount and years at the lowest rate of 15.00%.

India Shelters Loan against property EMI is calculated for different loan amounts and tenures at 15.00% interest rate

Loan Tenure
Loan Amount (Rs.)10 years15 years20 years
EMI on ₹ 15,00,000 ₹ 24,200 ₹ 20,994 ₹ 19,752
EMI on ₹ 25,00,000 ₹ 40,334 ₹ 34,990 ₹ 32,920
EMI on ₹ 40,00,000 ₹ 64,534 ₹ 55,983 ₹ 52,672
EMI on ₹ 60,00,000 ₹ 96,801 ₹ 83,975 ₹ 79,007

Factors Affecting India Shelters Property Loan EMI

You can calculate India Shelters 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 India Shelters loan against property for an amount ranging between ₹ 5,00,000 to ₹ 1,00,00,000.

Interest Rate

A higher interest rate increases your India Shelters loan against property EMI, increasing the total cost of the loan. As per the current rates, India Shelters provides loan against property at rates starting at 15.00%. Before applying for a loan, you must compare LAP rates and calculate EMI online using India Shelters loan against property loan calculator.

Loan Tenure

Your EMI will be lower if you avail mortgage loan for a maximum tenure of 10 years, and similarly, you will have to pay a higher EMI if your tenure is shorter.

Comparison of India Shelters 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
India Shelters 15.00% ₹ 16,134 ₹ 48,400 ₹ 80,667

India Shelters 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 ₹ 20 Lakh from India Shelters for 15 years at an interest rate of 15.00%, the EMI calculated for this loan amount would be ₹ 27,992 and the total annual EMIs to be paid annually is ₹ 3,35,901. The India Shelters Loan Against Property EMI schedule for 15 years is explained below in the table –

Amortization Schedule for a Loan Against Property of ₹ 20 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
2021 ₹ 99,774 ₹ 12,193 ₹ 1,11,967 ₹ 19,87,807
2022 ₹ 2,95,466 ₹ 40,435 ₹ 3,35,901 ₹ 19,47,372
2023 ₹ 2,88,966 ₹ 46,935 ₹ 3,35,901 ₹ 19,00,437
2024 ₹ 2,81,421 ₹ 54,480 ₹ 3,35,901 ₹ 18,45,957
2025 ₹ 2,72,663 ₹ 63,238 ₹ 3,35,901 ₹ 17,82,718
2026 ₹ 2,62,497 ₹ 73,404 ₹ 3,35,901 ₹ 17,09,315
2027 ₹ 2,50,697 ₹ 85,204 ₹ 3,35,901 ₹ 16,24,111
2028 ₹ 2,37,000 ₹ 98,901 ₹ 3,35,901 ₹ 15,25,210
2029 ₹ 2,21,101 ₹ 1,14,800 ₹ 3,35,901 ₹ 14,10,410
2030 ₹ 2,02,647 ₹ 1,33,254 ₹ 3,35,901 ₹ 12,77,156
2031 ₹ 1,81,226 ₹ 1,54,675 ₹ 3,35,901 ₹ 11,22,481
2032 ₹ 1,56,361 ₹ 1,79,540 ₹ 3,35,901 ₹ 9,42,941
2033 ₹ 1,27,499 ₹ 2,08,402 ₹ 3,35,901 ₹ 7,34,539
2034 ₹ 93,997 ₹ 2,41,903 ₹ 3,35,901 ₹ 4,92,636
2035 ₹ 55,110 ₹ 2,80,791 ₹ 3,35,901 ₹ 2,11,845
2036 ₹ 12,089 ₹ 2,11,845 ₹ 2,23,934 -₹ 0

Each India Shelters 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 11.45% of your EMI has been used to repay the principal amount. This means that the remaining 88.55% of the EMI went into interest payment. Thus, you end up paying only 1.92% of the loan amount of ₹ 20 Lakh after paying 12 EMIs in the first year to India Shelters.

In year 15, the interest component of India Shelters EMI is around 7.67%, while the principal component is around 92.33%. Upto 15 years, you have cumulatively repaid 100% of your total India Shelters Loan Against Property.

India Shelters Loan Against Property EMI for ₹ 10 Lakh

The following table shows EMI on India Shelters loan against property for ₹ 10,00,000 for different tenures at an interest rate of 15.00%

Loan Amount Interest rate Tenure (Year) EMI
₹ 10,00,000 15.00% 5 Years ₹ 23,790
₹ 10,00,000 15.00% 10 Years ₹ 16,134
₹ 10,00,000 15.00% 12 Years ₹ 15,009
₹ 10,00,000 15.00% 10 Years ₹ 16,134

India Shelters Loan Against Property EMI for ₹ 25 Lakh

The following table shows India Shelters loan against property EMI for ₹ 25,00,000 for different tenures at an interest rate of 15.00%

Loan Amount Interest rate Tenure (Year) EMI
₹ 25,00,000 15.00% 5 Years ₹ 59,475
₹ 25,00,000 15.00% 10 Years ₹ 40,334
₹ 25,00,000 15.00% 12 Years ₹ 37,522
₹ 25,00,000 15.00% 10 Years ₹ 40,334

India Shelters Mortgage Loan EMI for ₹ 30 Lakh

The following table shows India Shelters loan against property EMI for ₹ 30,00,000 for different tenures at an interest rate of 15.00%

Loan Amount Interest rate Tenure (Year) EMI
₹ 30,00,000 15.00% 5 Years ₹ 71,370
₹ 30,00,000 15.00% 10 Years ₹ 48,400
₹ 30,00,000 15.00% 12 Years ₹ 45,026
₹ 30,00,000 15.00% 10 Years ₹ 48,400

FAQs

Will the India Shelters Loan Against Property EMI remain constant or change in future? What happens in case of increase or decrease in interest rate?

India Shelters 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 India Shelters 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 India Shelters 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, India Shelters 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 India Shelters, the bank may increase your EMI amount.

Will India Shelters Loan Against Property EMI change in case of prepayment?

Similar to all loans, India Shelters 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 India Shelters may levy prepayment charges except on floating rate property loans sanctioned to individuals.

How does EMI calculator calculate India Shelters Loan Against Property EMI?

India Shelters 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.
  • India Shelters 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 India Shelters?

You can avail of a maximum loan of ₹ 1,00,00,000, depending on the value of the property. However, the loan amount cannot be more than 60% of the property value. India Shelters assesses the property before approving your mortgage loan application.

How to pay your India Shelters Mortgage loan EMI Online?

You can pay the India Shelters 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 India Shelters branch to submit the cheque of your EMI.

What is the EMI for ₹ 10 Lakh mortgage loan in India Shelters?

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 15.00% 5 years ₹ 23,790
₹ 10 Lakh 15.00% 10 years ₹ 16,134
₹ 10 Lakh 15.00% 12 years ₹ 15,009
₹ 10 Lakh 15.00% 10 years ₹ 16,134

How is India Shelters loan against property EMI calculated?

You can calculate India Shelters LAP EMI using the mathematical formula mentioned below or using an online India Shelters 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 India Shelters?

To determine different Loan against property EMI India Shelters 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 15.00% 5 years ₹ 47,580
₹ 20 Lakh 15.00% 10 years ₹ 32,267
₹ 20 Lakh 15.00% 12 years ₹ 30,018
₹ 20 Lakh 15.00% 10 years ₹ 32,267

What is the EMI for ₹ 30 Lakh mortgage loan in India Shelters?

To determine different India Shelters EMI for different tenures, you can use a 30 lakh loan against property EMI Calculator.

Loan amount Interest rate Tenure EMI
₹ 30 Lakh 15.00% 5 years ₹ 71,370
₹ 30 Lakh 15.00% 10 years ₹ 48,400
₹ 30 Lakh 15.00% 12 years ₹ 45,026
₹ 30 Lakh 15.00% 10 years ₹ 48,400

What is the EMI for ₹ 50 Lakh mortgage loan in India Shelters?

To estimate India Shelters 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 15.00% 5 years ₹ 1,18,950
₹ 50 Lakh 15.00% 10 years ₹ 80,667
₹ 50 Lakh 15.00% 12 years ₹ 75,044
₹ 50 Lakh 15.00% 10 years ₹ 80,667


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