1,30,000 people visited this section in last 30 daysApply Online

Get Cashback of Upto ₹ 1,000* on Property Loan Apply Online

MyLoanCare Customer Ratings - 4.5/5.0 Apply Online

Karnataka Bank Loan Against Property EMI Calculator

Karnataka Bank Mortgage Loan EMI 2022

Last Updated 21st Jan 2022

Get monthly EMI as low as ₹ 1,130 per lakh on Karnataka Bank loan against property. Mortgage loan EMI in Karnataka 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 Karnataka Bank mortgage loan calculator to evaluate your EMI before applying for a loan.
  • Check Karnataka Bank property loan EMI for different tenures at the current rate of 10.89%
Loan Amount5 Year Loan7 Year loan15 Year loan
₹ 10 Lakh₹ 21,688₹ 17,065₹ 11,297
₹ 25 Lakh₹ 54,219₹ 42,662₹ 28,242
₹ 40 Lakh₹ 86,750₹ 68,259₹ 45,188
Apply for Loan Against Property @ 6.90%* Get upto ₹ 1,000* Cashback
Best Offers on Loan Against Property offerOffers
Bank/NBFCs Rate* EMI per Lakh* Action

* Starting From

Loan Against Property EMI Calculator Karnataka Bank

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

Why should you use Karnataka Bank Loan Against Property EMI Calculator?

  • Calculate the EMI at Different Tenures : With Karnataka 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 Karnataka Bank loan against property to calculate the EMI. As per the current rates, Karnataka Bank offers the lowest EMI per lakh of ₹ 1,130 at 10.89 %
  • Compare Karnataka 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 Karnataka Bank loan EMI Calculator. On the basis of Karnataka Bank Loan against property EMI, you can choose the most affordable offer.
  • Get Detailed Amortisation Schedule : Karnataka 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 Karnataka 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.

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

To calculate the EMI against Karnataka Bank EMI loan against property at different rates and tenure, enter different loan amounts and tenure at the eligible interest rate on the Karnataka Bank Loan against property EMI calculator. The table below shows the Karnataka Bank EMI calculation at the various combinations of loan amount and years at the lowest rate of 10.89%.

Karnataka Bank Loan against property EMI is calculated for different loan amounts and tenures at 10.89% interest rate

Loan Tenure
Loan Amount (Rs.)10 years15 years20 years
EMI on ₹ 15,00,000 ₹ 20,569 ₹ 16,945 ₹ 15,371
EMI on ₹ 25,00,000 ₹ 34,282 ₹ 28,242 ₹ 25,618
EMI on ₹ 40,00,000 ₹ 54,851 ₹ 45,188 ₹ 40,989
EMI on ₹ 60,00,000 ₹ 82,277 ₹ 67,782 ₹ 61,483

Factors Affecting Karnataka Bank Property Loan EMI

You can calculate Karnataka 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 Karnataka Bank loan against property for an amount ranging between ₹ 11,00,000 to ₹ 1,00,00,000.

Interest Rate

A higher interest rate increases your Karnataka Bank loan against property EMI, increasing the total cost of the loan. As per the current rates, Karnataka Bank provides loan against property at rates starting at 10.89%. Before applying for a loan, you must compare LAP rates and calculate EMI online using Karnataka 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 Karnataka 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
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

Karnataka Bank 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 ₹ 25 Lakh from Karnataka Bank for 15 years at an interest rate of 10.89%, the EMI calculated for this loan amount would be ₹ 28,242 and the total annual EMIs to be paid annually is ₹ 3,38,910. The Karnataka Bank Loan Against Property EMI schedule for 15 years is explained below in the table –

Amortization Schedule for a Loan Against Property of ₹ 25 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 ₹ 2,68,820 ₹ 70,090 ₹ 3,38,910 ₹ 24,29,910
2023 ₹ 2,60,795 ₹ 78,115 ₹ 3,38,910 ₹ 23,51,795
2024 ₹ 2,51,850 ₹ 87,060 ₹ 3,38,910 ₹ 22,64,736
2025 ₹ 2,41,882 ₹ 97,028 ₹ 3,38,910 ₹ 21,67,707
2026 ₹ 2,30,772 ₹ 1,08,138 ₹ 3,38,910 ₹ 20,59,569
2027 ₹ 2,18,389 ₹ 1,20,520 ₹ 3,38,910 ₹ 19,39,049
2028 ₹ 2,04,589 ₹ 1,34,320 ₹ 3,38,910 ₹ 18,04,728
2029 ₹ 1,89,209 ₹ 1,49,701 ₹ 3,38,910 ₹ 16,55,028
2030 ₹ 1,72,068 ₹ 1,66,842 ₹ 3,38,910 ₹ 14,88,186
2031 ₹ 1,52,964 ₹ 1,85,946 ₹ 3,38,910 ₹ 13,02,241
2032 ₹ 1,31,673 ₹ 2,07,237 ₹ 3,38,910 ₹ 10,95,004
2033 ₹ 1,07,943 ₹ 2,30,966 ₹ 3,38,910 ₹ 8,64,037
2034 ₹ 81,497 ₹ 2,57,413 ₹ 3,38,910 ₹ 6,06,624
2035 ₹ 52,022 ₹ 2,86,887 ₹ 3,38,910 ₹ 3,19,737
2036 ₹ 19,173 ₹ 3,19,737 ₹ 3,38,910 -₹ 0

Each Karnataka Bank 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 20.68% of your EMI has been used to repay the principal amount. This means that the remaining 79.32% of the EMI went into interest payment. Thus, you end up paying only 2.8% of the loan amount of ₹ 25 Lakh after paying 12 EMIs in the first year to Karnataka Bank.

In year 15, the interest component of Karnataka Bank EMI is around 5.66%, while the principal component is around 94.34%. Upto 15 years, you have cumulatively repaid 100% of your total Karnataka Bank Loan Against Property.

Karnataka Bank Loan Against Property EMI for ₹ 10 Lakh

The following table shows EMI on Karnataka Bank loan against property for ₹ 10,00,000 for different tenures at an interest rate of 10.89%

Loan Amount Interest rate Tenure (Year) EMI
₹ 10,00,000 10.89% 5 Years ₹ 21,688
₹ 10,00,000 10.89% 10 Years ₹ 13,713
₹ 10,00,000 10.89% 12 Years ₹ 12,471
₹ 10,00,000 10.89% 15 Years ₹ 11,297

Karnataka Bank Loan Against Property EMI for ₹ 25 Lakh

The following table shows Karnataka Bank loan against property EMI for ₹ 25,00,000 for different tenures at an interest rate of 10.89%

Loan Amount Interest rate Tenure (Year) EMI
₹ 25,00,000 10.89% 5 Years ₹ 54,219
₹ 25,00,000 10.89% 10 Years ₹ 34,282
₹ 25,00,000 10.89% 12 Years ₹ 31,176
₹ 25,00,000 10.89% 15 Years ₹ 28,242

Karnataka Bank Mortgage Loan EMI for ₹ 30 Lakh

The following table shows Karnataka Bank loan against property EMI for ₹ 30,00,000 for different tenures at an interest rate of 10.89%

Loan Amount Interest rate Tenure (Year) EMI
₹ 30,00,000 10.89% 5 Years ₹ 65,063
₹ 30,00,000 10.89% 10 Years ₹ 41,138
₹ 30,00,000 10.89% 12 Years ₹ 37,412
₹ 30,00,000 10.89% 15 Years ₹ 33,891

FAQs

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

Karnataka 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 Karnataka 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 Karnataka 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, Karnataka 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 Karnataka Bank, the bank may increase your EMI amount.

Will Karnataka Bank Loan Against Property EMI change in case of prepayment?

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

How does EMI calculator calculate Karnataka Bank Loan Against Property EMI?

Karnataka 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.
  • Karnataka 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 Karnataka Bank?

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

How to pay your Karnataka Bank Mortgage loan EMI Online?

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

What is the EMI for ₹ 10 Lakh mortgage loan in Karnataka 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 10.89% 5 years ₹ 21,688
₹ 10 Lakh 10.89% 10 years ₹ 13,713
₹ 10 Lakh 10.89% 12 years ₹ 12,471
₹ 10 Lakh 10.89% 15 years ₹ 11,297

How is Karnataka Bank loan against property EMI calculated?

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

To determine different Loan against property EMI Karnataka 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 10.89% 5 years ₹ 43,375
₹ 20 Lakh 10.89% 10 years ₹ 27,426
₹ 20 Lakh 10.89% 12 years ₹ 24,941
₹ 20 Lakh 10.89% 15 years ₹ 22,594

What is the EMI for ₹ 30 Lakh mortgage loan in Karnataka Bank?

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

Loan amount Interest rate Tenure EMI
₹ 30 Lakh 10.89% 5 years ₹ 65,063
₹ 30 Lakh 10.89% 10 years ₹ 41,138
₹ 30 Lakh 10.89% 12 years ₹ 37,412
₹ 30 Lakh 10.89% 15 years ₹ 33,891

What is the EMI for ₹ 50 Lakh mortgage loan in Karnataka Bank?

To estimate Karnataka 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 10.89% 5 years ₹ 1,08,438
₹ 50 Lakh 10.89% 10 years ₹ 68,564
₹ 50 Lakh 10.89% 12 years ₹ 62,353
₹ 50 Lakh 10.89% 15 years ₹ 56,485


Notification ×
  • Home Loan

    Home Loan at all-time low rates starting at 6.50%. Cashback of up to ₹ 1,000

    Apply Now
  • Personal Loan

    Instant Personal Loan starting at 10.25% with Cashback of up to ₹ 1,000.

    Check Offers
  • Gold Loan

    Instant Gold Loan starting at 9.00% with Cashback of up to ₹ 500

    Apply Now
  • Loan Against Property

    Best Loan Against Property Offers starting @ 6.90%. Cashback of up to ₹ 1,000*.

    Apply Now
  • Business Loan

    Collateral Free Business Loan Rates starting at 14.00% with Overdraft facility.

    Apply Now
  • Fixed Deposit

    AAA rated FDs with returns as high as 7.05%.

    Invest Now
Karnataka Bank Loan Against Property News - Jan 2022
  • 2021-04-27 : Karnataka Bank targetting a growth of 12% in FY22
    Karnataka Bank stated that it is targeting to grow its business at 12% to over Rs 1.42 lakh crore in the current fiscal year. The Bank is planning to gradually increase the share of the retail loan which includes home, personal, LAP, two-wheeler, car, education and doctor loan.
  • 2021-04-05 : Karnataka Bank targeting 1.42 lakh business turnover in FY 22
    Karnataka Bank is looking for 12% business growth in the current fiscal and targeting 1.42 lakh business turnover. The bank emphasised that it is planning to leverage digital banking to achieve its target.
  • 2019-07-15 : Karnataka Bank registers profit at Rs. 175 crore during during Q1
    Public sector lender, Karnataka Bank has registered a profit of over 7 percent growth in the net profit at Rs. 175 crores in the first quarter of FY19-20 as against Rs. 163 crores during the previous year. The profit of the lender is driven by growth in interest income, deposits, and retail loans, including home loans and mortgage loans.
  • 2019-07-03 : Karnataka Bank announces the launch of a web tool for NPA recovery process
    In a bid to digitalize the NPA (non-performing asset) recovery process of the bank, Karnataka Bank has announced the launch of a web tool ‘Vasool So Fast.’ The tool will provide an end-to-end digital solution to recover stressed assets. Using this digital tool, the lender aims to improve its overall performance to offer enhanced services to its customers related to retail loans, including home loans and mortgage loans and deposits (fixed deposits).
  • 2019-05-08 : Karnataka Bank revises housing loan rates
    Private sector lender, Karnataka Bank has revised its home loan rates. For loan amount up to Rs. 25 lakh to 75 lakh, the rate has been revised to 8.90%. While for a loan amount of up to Rs. 3 crore, the rate has been revised to 9.25% and for a loan amount of up to Rs. 5 crores, the rate stands at 9.60% now. The new housing loan rates are effective from May 1, 2019.
*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
Loader
Please wait while your information is being processed...