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Indiabulls Loan Against Property EMI Calculator

Indiabulls Mortgage Loan EMI

Last Updated 24th Feb 2021

Get monthly EMI as low as ₹ 1,349 per lakh on Indiabulls loan against property. Mortgage loan EMI in Indiabulls depends upon type of property (residential, commercial, industrial), occupation (businessmen, self employed, salaried), loan amount, loan tenure and interest rate.

Loan Amount5 Year Loan7 Year loan10 Year loan
₹ 20 Lakh₹ 42,988₹ 33,721₹ 26,987
₹ 30 Lakh₹ 64,482₹ 50,582₹ 40,481
₹ 50 Lakh₹ 1,07,470₹ 84,303₹ 67,468
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    Loan Against Property EMI Calculator Indiabulls

    Use the above quick and easy tool to easily calculate and compare monthly EMI on Indiabulls Loan Against Property.

    Indiabulls 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 ₹ 15 Lakh from Indiabulls for 15 years at an interest rate of 10.50%, the EMI calculated for this loan amount would be ₹ 16,581 and the total annual EMIs to be paid annually is ₹ 1,98,972. The Indiabulls Loan Against Property EMI schedule for 15 years is explained below in the table –

    Amortization Schedule for a Loan Against Property of ₹ 15 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 ₹ 1,17,014 ₹ 32,215 ₹ 1,49,229 ₹ 14,67,785
    2022 ₹ 1,51,895 ₹ 47,077 ₹ 1,98,972 ₹ 14,20,708
    2023 ₹ 1,46,707 ₹ 52,265 ₹ 1,98,972 ₹ 13,68,442
    2024 ₹ 1,40,947 ₹ 58,025 ₹ 1,98,972 ₹ 13,10,417
    2025 ₹ 1,34,552 ₹ 64,420 ₹ 1,98,972 ₹ 12,45,998
    2026 ₹ 1,27,453 ₹ 71,519 ₹ 1,98,972 ₹ 11,74,479
    2027 ₹ 1,19,571 ₹ 79,401 ₹ 1,98,972 ₹ 10,95,078
    2028 ₹ 1,10,821 ₹ 88,151 ₹ 1,98,972 ₹ 10,06,927
    2029 ₹ 1,01,106 ₹ 97,865 ₹ 1,98,972 ₹ 9,09,062
    2030 ₹ 90,321 ₹ 1,08,650 ₹ 1,98,972 ₹ 8,00,412
    2031 ₹ 78,348 ₹ 1,20,624 ₹ 1,98,972 ₹ 6,79,788
    2032 ₹ 65,055 ₹ 1,33,917 ₹ 1,98,972 ₹ 5,45,870
    2033 ₹ 50,296 ₹ 1,48,675 ₹ 1,98,972 ₹ 3,97,195
    2034 ₹ 33,912 ₹ 1,65,060 ₹ 1,98,972 ₹ 2,32,135
    2035 ₹ 15,722 ₹ 1,83,250 ₹ 1,98,972 ₹ 48,885
    2036 ₹ 858 ₹ 48,885 ₹ 49,743 ₹ 0

    Each Indiabulls 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 21.88% of your EMI has been used to repay the principal amount. This means that the remaining 78.12% of the EMI went into interest payment. Thus, you end up paying only 2.9% of the loan amount of ₹ 15 Lakh after paying 12 EMIs in the first year to Indiabulls.

    In year 15, the interest component of Indiabulls EMI is around 5.46%, while the principal component is around 94.54%. Upto 15 years, you have cumulatively repaid 100% of your total Indiabulls Loan Against Property.

    How to process for Loan Against Property EMI moratorium in Indiabulls?

    After the announcement of RBI on 22nd May 2020, Indiabulls has extended the loan moratorium for the term loans and interest of working capital loans to next three months till August 2020. As a borrower, you have the option to opt-in or opt-out of the moratorium by informing Indiabulls. The interest will continue to accrue on the principal outstanding during this moratorium and the accumulated interest would be added to the principal amount resulting in the extension of loan tenure except in cases where the tenure extension is not possible will increase EMI amount. The moratorium on payment of Loan Against Property EMI’s will not be treated as default and will not have any negative impact on the borrower’s credit score. To know more about the moratorium option, you may contact Indiabulls customer care or its nearest branch.

    FAQs

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

    Indiabulls 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 SBI 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 Indiabulls 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, Indiabulls 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 Indiabulls, the bank may increase your EMI amount.

    Will Loan Against Property EMI change in case of prepayment?

    Similar to all loans, 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 Indiabulls 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?

    Loan against property 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.
    • Indiabulls 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 Indiabulls?

    You can avail of a maximum loan of ₹ 3 Cr, depending on the value of the property. However, the loan amount cannot be more than 65% of the property value. Indiabulls assesses the property before approving your mortgage loan application.


    Indiabulls Loan Against Property News - Apr 2021
    • 2017-12-26 : Supertech repays Rs 70-cr loans to Indiabulls group
      The Noida-based Realty firm Supertech had raised Rs 430 crore from Altico Capital last week. These funds have been used to repay Rs 70 crore loans to Indiabulls group. The remaining amount would be utilised for a housing project in Noida.
    • 2017-04-17 : Indiabulls plans to restructure its real estate business
      According to sources, Indiabulls Real Estate’s board is planning to restructure their real estate business by de- merging their commercial and residential segments into separate companies. The restructuring would help the company concentrate on its key business segments individually and improve its competitive advantage in the real estate sector in the country.
    • 2017-01-31 : Indiabulls Finance achieves a reasonable growth across its various loan portfolios during the third quarter of FY17
      Indiabulls Finance has reported a decent growth across its various loan segments including commercial loans, home loan and loan against property during third quarter of FY17 as compared to third quarter of FY16. Portfolio of individual home loan and loan against property has grown by 35 and 20 percent respectively during the quarter on year on year basis.
    • 2017-01-21 : Indiabulls registers a growth of 25 percent in its net profit for the third quarter of FY 17
      Indiabulls Housing Finance reported a growth of 25 percent in its net profit to Rs. 751 crore for third quarter ending on 31st December, 2016 as compared to Rs. 602 crore for the corresponding period a year ago. The growth in profit has been contributed by a healthy growth in volume of loan disbursements across various loan types including affordable housing loans and loan against property.
    *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. Read More
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