Karur Vysya Loan Against Property EMI Calculator
Karur Vysya Bank Mortgage Loan EMI
Get monthly EMI as low as ₹ 1,368 per lakh on Karur Vysya Bank loan against property. Mortgage loan EMI in Karur Vysya Bank depends upon type of property (residential, commercial, industrial), occupation (businessmen, self employed, salaried), loan amount, loan tenure and interest rate.
Loan Amount | 5 Year Loan | 7 Year loan | 9 Year loan |
---|---|---|---|
₹ 20 Lakh | ₹ 41,760 | ₹ 32,432 | ₹ 27,352 |
₹ 30 Lakh | ₹ 62,640 | ₹ 48,649 | ₹ 41,027 |
₹ 50 Lakh | ₹ 1,04,399 | ₹ 81,081 | ₹ 68,379 |
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Loan Against Property EMI Calculator Karur Vysya Bank
- Loan Against Property EMI (or equated monthly instalment) is a fixed amount of money you pay Karur Vysya Bank towards repayment of your property loan every month on a fixed day of the month till your loan is fully paid back.
- With Karur Vysya Bank now offering loan tenure upto 9 years at attractive interest rates starting is 9.25%, your EMI can be as low as ₹ 1,368 per ₹ one lakh loan amount.
- The Loan Against Property EMI comprises of 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 interest rate on loan.
Use the above quick and easy tool to easily calculate and compare monthly EMI on Karur Vysya Bank Loan Against Property.
Karur Vysya 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 scheduleSuppose you borrow a Loan Against Property of ₹ 15 Lakh from Karur Vysya for 15 years at an interest rate of 9.25%, the EMI calculated for this loan amount would be ₹ 15,438 and the total annual EMIs to be paid annually is ₹ 1,85,255. The Karur Vysya 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 | ₹ 1,02,968 | ₹ 35,973 | ₹ 1,38,941 | ₹ 14,64,027 |
Apr | ₹ 11,563 | ₹ 3,875 | ₹ 15,438 | ₹ 14,96,124 |
May | ₹ 11,533 | ₹ 3,905 | ₹ 15,438 | ₹ 14,92,219 |
Jun | ₹ 11,503 | ₹ 3,935 | ₹ 15,438 | ₹ 14,88,283 |
Jul | ₹ 11,472 | ₹ 3,966 | ₹ 15,438 | ₹ 14,84,318 |
Aug | ₹ 11,442 | ₹ 3,996 | ₹ 15,438 | ₹ 14,80,322 |
Sep | ₹ 11,411 | ₹ 4,027 | ₹ 15,438 | ₹ 14,76,294 |
Oct | ₹ 11,380 | ₹ 4,058 | ₹ 15,438 | ₹ 14,72,236 |
Nov | ₹ 11,348 | ₹ 4,089 | ₹ 15,438 | ₹ 14,68,147 |
Dec | ₹ 11,317 | ₹ 4,121 | ₹ 15,438 | ₹ 14,64,026 |
2022 | ₹ 1,33,255 | ₹ 52,000 | ₹ 1,85,255 | ₹ 14,12,026 |
Jan | ₹ 11,285 | ₹ 4,153 | ₹ 15,438 | ₹ 14,59,873 |
Feb | ₹ 11,253 | ₹ 4,185 | ₹ 15,438 | ₹ 14,55,689 |
Mar | ₹ 11,221 | ₹ 4,217 | ₹ 15,438 | ₹ 14,51,472 |
Apr | ₹ 11,188 | ₹ 4,249 | ₹ 15,438 | ₹ 14,47,222 |
May | ₹ 11,156 | ₹ 4,282 | ₹ 15,438 | ₹ 14,42,940 |
Jun | ₹ 11,123 | ₹ 4,315 | ₹ 15,438 | ₹ 14,38,625 |
Jul | ₹ 11,089 | ₹ 4,348 | ₹ 15,438 | ₹ 14,34,276 |
Aug | ₹ 11,056 | ₹ 4,382 | ₹ 15,438 | ₹ 14,29,894 |
Sep | ₹ 11,022 | ₹ 4,416 | ₹ 15,438 | ₹ 14,25,479 |
Oct | ₹ 10,988 | ₹ 4,450 | ₹ 15,438 | ₹ 14,21,029 |
Nov | ₹ 10,954 | ₹ 4,484 | ₹ 15,438 | ₹ 14,16,545 |
Dec | ₹ 10,919 | ₹ 4,519 | ₹ 15,438 | ₹ 14,12,026 |
2023 | ₹ 1,28,235 | ₹ 57,019 | ₹ 1,85,255 | ₹ 13,55,007 |
Jan | ₹ 10,884 | ₹ 4,554 | ₹ 15,438 | ₹ 14,07,472 |
Feb | ₹ 10,849 | ₹ 4,589 | ₹ 15,438 | ₹ 14,02,884 |
Mar | ₹ 10,814 | ₹ 4,624 | ₹ 15,438 | ₹ 13,98,260 |
Apr | ₹ 10,778 | ₹ 4,660 | ₹ 15,438 | ₹ 13,93,600 |
May | ₹ 10,742 | ₹ 4,696 | ₹ 15,438 | ₹ 13,88,905 |
Jun | ₹ 10,706 | ₹ 4,732 | ₹ 15,438 | ₹ 13,84,173 |
Jul | ₹ 10,670 | ₹ 4,768 | ₹ 15,438 | ₹ 13,79,405 |
Aug | ₹ 10,633 | ₹ 4,805 | ₹ 15,438 | ₹ 13,74,600 |
Sep | ₹ 10,596 | ₹ 4,842 | ₹ 15,438 | ₹ 13,69,758 |
Oct | ₹ 10,559 | ₹ 4,879 | ₹ 15,438 | ₹ 13,64,878 |
Nov | ₹ 10,521 | ₹ 4,917 | ₹ 15,438 | ₹ 13,59,961 |
Dec | ₹ 10,483 | ₹ 4,955 | ₹ 15,438 | ₹ 13,55,007 |
2024 | ₹ 1,22,732 | ₹ 62,523 | ₹ 1,85,255 | ₹ 12,92,484 |
Jan | ₹ 10,445 | ₹ 4,993 | ₹ 15,438 | ₹ 13,50,014 |
Feb | ₹ 10,406 | ₹ 5,032 | ₹ 15,438 | ₹ 13,44,982 |
Mar | ₹ 10,368 | ₹ 5,070 | ₹ 15,438 | ₹ 13,39,912 |
Apr | ₹ 10,328 | ₹ 5,109 | ₹ 15,438 | ₹ 13,34,802 |
May | ₹ 10,289 | ₹ 5,149 | ₹ 15,438 | ₹ 13,29,654 |
Jun | ₹ 10,249 | ₹ 5,188 | ₹ 15,438 | ₹ 13,24,465 |
Jul | ₹ 10,209 | ₹ 5,228 | ₹ 15,438 | ₹ 13,19,237 |
Aug | ₹ 10,169 | ₹ 5,269 | ₹ 15,438 | ₹ 13,13,968 |
Sep | ₹ 10,129 | ₹ 5,309 | ₹ 15,438 | ₹ 13,08,659 |
Oct | ₹ 10,088 | ₹ 5,350 | ₹ 15,438 | ₹ 13,03,308 |
Nov | ₹ 10,046 | ₹ 5,392 | ₹ 15,438 | ₹ 12,97,917 |
Dec | ₹ 10,005 | ₹ 5,433 | ₹ 15,438 | ₹ 12,92,484 |
2025 | ₹ 1,16,697 | ₹ 68,558 | ₹ 1,85,255 | ₹ 12,23,926 |
Jan | ₹ 9,963 | ₹ 5,475 | ₹ 15,438 | ₹ 12,87,009 |
Feb | ₹ 9,921 | ₹ 5,517 | ₹ 15,438 | ₹ 12,81,491 |
Mar | ₹ 9,878 | ₹ 5,560 | ₹ 15,438 | ₹ 12,75,932 |
Apr | ₹ 9,835 | ₹ 5,603 | ₹ 15,438 | ₹ 12,70,329 |
May | ₹ 9,792 | ₹ 5,646 | ₹ 15,438 | ₹ 12,64,683 |
Jun | ₹ 9,749 | ₹ 5,689 | ₹ 15,438 | ₹ 12,58,994 |
Jul | ₹ 9,705 | ₹ 5,733 | ₹ 15,438 | ₹ 12,53,261 |
Aug | ₹ 9,661 | ₹ 5,777 | ₹ 15,438 | ₹ 12,47,484 |
Sep | ₹ 9,616 | ₹ 5,822 | ₹ 15,438 | ₹ 12,41,662 |
Oct | ₹ 9,571 | ₹ 5,867 | ₹ 15,438 | ₹ 12,35,795 |
Nov | ₹ 9,526 | ₹ 5,912 | ₹ 15,438 | ₹ 12,29,883 |
Dec | ₹ 9,480 | ₹ 5,958 | ₹ 15,438 | ₹ 12,23,926 |
2026 | ₹ 1,10,079 | ₹ 75,176 | ₹ 1,85,255 | ₹ 11,48,750 |
Jan | ₹ 9,434 | ₹ 6,003 | ₹ 15,438 | ₹ 12,17,922 |
Feb | ₹ 9,388 | ₹ 6,050 | ₹ 15,438 | ₹ 12,11,872 |
Mar | ₹ 9,342 | ₹ 6,096 | ₹ 15,438 | ₹ 12,05,776 |
Apr | ₹ 9,295 | ₹ 6,143 | ₹ 15,438 | ₹ 11,99,633 |
May | ₹ 9,247 | ₹ 6,191 | ₹ 15,438 | ₹ 11,93,442 |
Jun | ₹ 9,199 | ₹ 6,238 | ₹ 15,438 | ₹ 11,87,203 |
Jul | ₹ 9,151 | ₹ 6,287 | ₹ 15,438 | ₹ 11,80,917 |
Aug | ₹ 9,103 | ₹ 6,335 | ₹ 15,438 | ₹ 11,74,582 |
Sep | ₹ 9,054 | ₹ 6,384 | ₹ 15,438 | ₹ 11,68,198 |
Oct | ₹ 9,005 | ₹ 6,433 | ₹ 15,438 | ₹ 11,61,765 |
Nov | ₹ 8,955 | ₹ 6,483 | ₹ 15,438 | ₹ 11,55,283 |
Dec | ₹ 8,905 | ₹ 6,533 | ₹ 15,438 | ₹ 11,48,750 |
2027 | ₹ 1,02,823 | ₹ 82,432 | ₹ 1,85,255 | ₹ 10,66,319 |
Jan | ₹ 8,855 | ₹ 6,583 | ₹ 15,438 | ₹ 11,42,167 |
Feb | ₹ 8,804 | ₹ 6,634 | ₹ 15,438 | ₹ 11,35,533 |
Mar | ₹ 8,753 | ₹ 6,685 | ₹ 15,438 | ₹ 11,28,849 |
Apr | ₹ 8,702 | ₹ 6,736 | ₹ 15,438 | ₹ 11,22,112 |
May | ₹ 8,650 | ₹ 6,788 | ₹ 15,438 | ₹ 11,15,324 |
Jun | ₹ 8,597 | ₹ 6,841 | ₹ 15,438 | ₹ 11,08,483 |
Jul | ₹ 8,545 | ₹ 6,893 | ₹ 15,438 | ₹ 11,01,590 |
Aug | ₹ 8,491 | ₹ 6,946 | ₹ 15,438 | ₹ 10,94,644 |
Sep | ₹ 8,438 | ₹ 7,000 | ₹ 15,438 | ₹ 10,87,644 |
Oct | ₹ 8,384 | ₹ 7,054 | ₹ 15,438 | ₹ 10,80,590 |
Nov | ₹ 8,330 | ₹ 7,108 | ₹ 15,438 | ₹ 10,73,481 |
Dec | ₹ 8,275 | ₹ 7,163 | ₹ 15,438 | ₹ 10,66,318 |
2028 | ₹ 94,866 | ₹ 90,388 | ₹ 1,85,255 | ₹ 9,75,930 |
Jan | ₹ 8,220 | ₹ 7,218 | ₹ 15,438 | ₹ 10,59,100 |
Feb | ₹ 8,164 | ₹ 7,274 | ₹ 15,438 | ₹ 10,51,826 |
Mar | ₹ 8,108 | ₹ 7,330 | ₹ 15,438 | ₹ 10,44,496 |
Apr | ₹ 8,051 | ₹ 7,387 | ₹ 15,438 | ₹ 10,37,109 |
May | ₹ 7,994 | ₹ 7,443 | ₹ 15,438 | ₹ 10,29,666 |
Jun | ₹ 7,937 | ₹ 7,501 | ₹ 15,438 | ₹ 10,22,165 |
Jul | ₹ 7,879 | ₹ 7,559 | ₹ 15,438 | ₹ 10,14,606 |
Aug | ₹ 7,821 | ₹ 7,617 | ₹ 15,438 | ₹ 10,06,989 |
Sep | ₹ 7,762 | ₹ 7,676 | ₹ 15,438 | ₹ 9,99,313 |
Oct | ₹ 7,703 | ₹ 7,735 | ₹ 15,438 | ₹ 9,91,579 |
Nov | ₹ 7,643 | ₹ 7,794 | ₹ 15,438 | ₹ 9,83,784 |
Dec | ₹ 7,583 | ₹ 7,855 | ₹ 15,438 | ₹ 9,75,930 |
2029 | ₹ 86,141 | ₹ 99,113 | ₹ 1,85,255 | ₹ 8,76,817 |
Jan | ₹ 7,523 | ₹ 7,915 | ₹ 15,438 | ₹ 9,68,015 |
Feb | ₹ 7,462 | ₹ 7,976 | ₹ 15,438 | ₹ 9,60,038 |
Mar | ₹ 7,400 | ₹ 8,038 | ₹ 15,438 | ₹ 9,52,001 |
Apr | ₹ 7,338 | ₹ 8,100 | ₹ 15,438 | ₹ 9,43,901 |
May | ₹ 7,276 | ₹ 8,162 | ₹ 15,438 | ₹ 9,35,739 |
Jun | ₹ 7,213 | ₹ 8,225 | ₹ 15,438 | ₹ 9,27,514 |
Jul | ₹ 7,150 | ₹ 8,288 | ₹ 15,438 | ₹ 9,19,226 |
Aug | ₹ 7,086 | ₹ 8,352 | ₹ 15,438 | ₹ 9,10,874 |
Sep | ₹ 7,021 | ₹ 8,417 | ₹ 15,438 | ₹ 9,02,457 |
Oct | ₹ 6,956 | ₹ 8,481 | ₹ 15,438 | ₹ 8,93,976 |
Nov | ₹ 6,891 | ₹ 8,547 | ₹ 15,438 | ₹ 8,85,429 |
Dec | ₹ 6,825 | ₹ 8,613 | ₹ 15,438 | ₹ 8,76,816 |
2030 | ₹ 76,575 | ₹ 1,08,680 | ₹ 1,85,255 | ₹ 7,68,137 |
Jan | ₹ 6,759 | ₹ 8,679 | ₹ 15,438 | ₹ 8,68,137 |
Feb | ₹ 6,692 | ₹ 8,746 | ₹ 15,438 | ₹ 8,59,391 |
Mar | ₹ 6,624 | ₹ 8,813 | ₹ 15,438 | ₹ 8,50,578 |
Apr | ₹ 6,557 | ₹ 8,881 | ₹ 15,438 | ₹ 8,41,697 |
May | ₹ 6,488 | ₹ 8,950 | ₹ 15,438 | ₹ 8,32,747 |
Jun | ₹ 6,419 | ₹ 9,019 | ₹ 15,438 | ₹ 8,23,728 |
Jul | ₹ 6,350 | ₹ 9,088 | ₹ 15,438 | ₹ 8,14,640 |
Aug | ₹ 6,280 | ₹ 9,158 | ₹ 15,438 | ₹ 8,05,481 |
Sep | ₹ 6,209 | ₹ 9,229 | ₹ 15,438 | ₹ 7,96,252 |
Oct | ₹ 6,138 | ₹ 9,300 | ₹ 15,438 | ₹ 7,86,952 |
Nov | ₹ 6,066 | ₹ 9,372 | ₹ 15,438 | ₹ 7,77,581 |
Dec | ₹ 5,994 | ₹ 9,444 | ₹ 15,438 | ₹ 7,68,137 |
2031 | ₹ 66,084 | ₹ 1,19,170 | ₹ 1,85,255 | ₹ 6,48,967 |
Jan | ₹ 5,921 | ₹ 9,517 | ₹ 15,438 | ₹ 7,58,620 |
Feb | ₹ 5,848 | ₹ 9,590 | ₹ 15,438 | ₹ 7,49,029 |
Mar | ₹ 5,774 | ₹ 9,664 | ₹ 15,438 | ₹ 7,39,365 |
Apr | ₹ 5,699 | ₹ 9,739 | ₹ 15,438 | ₹ 7,29,627 |
May | ₹ 5,624 | ₹ 9,814 | ₹ 15,438 | ₹ 7,19,813 |
Jun | ₹ 5,549 | ₹ 9,889 | ₹ 15,438 | ₹ 7,09,924 |
Jul | ₹ 5,472 | ₹ 9,966 | ₹ 15,438 | ₹ 6,99,958 |
Aug | ₹ 5,396 | ₹ 10,042 | ₹ 15,438 | ₹ 6,89,916 |
Sep | ₹ 5,318 | ₹ 10,120 | ₹ 15,438 | ₹ 6,79,796 |
Oct | ₹ 5,240 | ₹ 10,198 | ₹ 15,438 | ₹ 6,69,598 |
Nov | ₹ 5,161 | ₹ 10,276 | ₹ 15,438 | ₹ 6,59,322 |
Dec | ₹ 5,082 | ₹ 10,356 | ₹ 15,438 | ₹ 6,48,966 |
2032 | ₹ 54,582 | ₹ 1,30,673 | ₹ 1,85,255 | ₹ 5,18,294 |
Jan | ₹ 5,002 | ₹ 10,435 | ₹ 15,438 | ₹ 6,38,531 |
Feb | ₹ 4,922 | ₹ 10,516 | ₹ 15,438 | ₹ 6,28,015 |
Mar | ₹ 4,841 | ₹ 10,597 | ₹ 15,438 | ₹ 6,17,418 |
Apr | ₹ 4,759 | ₹ 10,679 | ₹ 15,438 | ₹ 6,06,739 |
May | ₹ 4,677 | ₹ 10,761 | ₹ 15,438 | ₹ 5,95,979 |
Jun | ₹ 4,594 | ₹ 10,844 | ₹ 15,438 | ₹ 5,85,135 |
Jul | ₹ 4,510 | ₹ 10,927 | ₹ 15,438 | ₹ 5,74,207 |
Aug | ₹ 4,426 | ₹ 11,012 | ₹ 15,438 | ₹ 5,63,195 |
Sep | ₹ 4,341 | ₹ 11,097 | ₹ 15,438 | ₹ 5,52,099 |
Oct | ₹ 4,256 | ₹ 11,182 | ₹ 15,438 | ₹ 5,40,917 |
Nov | ₹ 4,170 | ₹ 11,268 | ₹ 15,438 | ₹ 5,29,648 |
Dec | ₹ 4,083 | ₹ 11,355 | ₹ 15,438 | ₹ 5,18,293 |
2033 | ₹ 41,968 | ₹ 1,43,286 | ₹ 1,85,255 | ₹ 3,75,008 |
Jan | ₹ 3,995 | ₹ 11,443 | ₹ 15,438 | ₹ 5,06,851 |
Feb | ₹ 3,907 | ₹ 11,531 | ₹ 15,438 | ₹ 4,95,320 |
Mar | ₹ 3,818 | ₹ 11,620 | ₹ 15,438 | ₹ 4,83,700 |
Apr | ₹ 3,729 | ₹ 11,709 | ₹ 15,438 | ₹ 4,71,991 |
May | ₹ 3,638 | ₹ 11,800 | ₹ 15,438 | ₹ 4,60,191 |
Jun | ₹ 3,547 | ₹ 11,891 | ₹ 15,438 | ₹ 4,48,300 |
Jul | ₹ 3,456 | ₹ 11,982 | ₹ 15,438 | ₹ 4,36,318 |
Aug | ₹ 3,363 | ₹ 12,075 | ₹ 15,438 | ₹ 4,24,243 |
Sep | ₹ 3,270 | ₹ 12,168 | ₹ 15,438 | ₹ 4,12,076 |
Oct | ₹ 3,176 | ₹ 12,261 | ₹ 15,438 | ₹ 3,99,814 |
Nov | ₹ 3,082 | ₹ 12,356 | ₹ 15,438 | ₹ 3,87,458 |
Dec | ₹ 2,987 | ₹ 12,451 | ₹ 15,438 | ₹ 3,75,007 |
2034 | ₹ 28,138 | ₹ 1,57,117 | ₹ 1,85,255 | ₹ 2,17,891 |
Jan | ₹ 2,891 | ₹ 12,547 | ₹ 15,438 | ₹ 3,62,460 |
Feb | ₹ 2,794 | ₹ 12,644 | ₹ 15,438 | ₹ 3,49,816 |
Mar | ₹ 2,697 | ₹ 12,741 | ₹ 15,438 | ₹ 3,37,075 |
Apr | ₹ 2,598 | ₹ 12,840 | ₹ 15,438 | ₹ 3,24,235 |
May | ₹ 2,499 | ₹ 12,939 | ₹ 15,438 | ₹ 3,11,296 |
Jun | ₹ 2,400 | ₹ 13,038 | ₹ 15,438 | ₹ 2,98,258 |
Jul | ₹ 2,299 | ₹ 13,139 | ₹ 15,438 | ₹ 2,85,119 |
Aug | ₹ 2,198 | ₹ 13,240 | ₹ 15,438 | ₹ 2,71,879 |
Sep | ₹ 2,096 | ₹ 13,342 | ₹ 15,438 | ₹ 2,58,537 |
Oct | ₹ 1,993 | ₹ 13,445 | ₹ 15,438 | ₹ 2,45,092 |
Nov | ₹ 1,889 | ₹ 13,549 | ₹ 15,438 | ₹ 2,31,544 |
Dec | ₹ 1,785 | ₹ 13,653 | ₹ 15,438 | ₹ 2,17,890 |
2035 | ₹ 12,972 | ₹ 1,72,282 | ₹ 1,85,255 | ₹ 45,609 |
Jan | ₹ 1,680 | ₹ 13,758 | ₹ 15,438 | ₹ 2,04,132 |
Feb | ₹ 1,574 | ₹ 13,864 | ₹ 15,438 | ₹ 1,90,268 |
Mar | ₹ 1,467 | ₹ 13,971 | ₹ 15,438 | ₹ 1,76,297 |
Apr | ₹ 1,359 | ₹ 14,079 | ₹ 15,438 | ₹ 1,62,218 |
May | ₹ 1,250 | ₹ 14,187 | ₹ 15,438 | ₹ 1,48,030 |
Jun | ₹ 1,141 | ₹ 14,297 | ₹ 15,438 | ₹ 1,33,733 |
Jul | ₹ 1,031 | ₹ 14,407 | ₹ 15,438 | ₹ 1,19,326 |
Aug | ₹ 920 | ₹ 14,518 | ₹ 15,438 | ₹ 1,04,808 |
Sep | ₹ 808 | ₹ 14,630 | ₹ 15,438 | ₹ 90,178 |
Oct | ₹ 695 | ₹ 14,743 | ₹ 15,438 | ₹ 75,436 |
Nov | ₹ 581 | ₹ 14,856 | ₹ 15,438 | ₹ 60,579 |
Dec | ₹ 467 | ₹ 14,971 | ₹ 15,438 | ₹ 45,608 |
2036 | ₹ 705 | ₹ 45,609 | ₹ 46,314 | ₹ 0 |
Jan | ₹ 352 | ₹ 15,086 | ₹ 15,438 | ₹ 30,522 |
Feb | ₹ 235 | ₹ 15,203 | ₹ 15,438 | ₹ 15,319 |
Mar | ₹ 118 | ₹ 15,320 | ₹ 15,438 | ₹ 0 |
Each Karur Vysya 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 26.2% of your EMI has been used to repay the principal amount. This means that the remaining 73.8% of the EMI went into interest payment. Thus, you end up paying only 3.24% of the loan amount of ₹ 15 Lakh after paying 12 EMIs in the first year to Karur Vysya.
In year 15, the interest component of Karur Vysya EMI is around 4.84%, while the principal component is around 95.16%. Upto 15 years, you have cumulatively repaid 100% of your total Karur Vysya Loan Against Property.
How to process for Loan Against Property EMI moratorium in Karur Vysya Bank?
After the announcement of RBI on 22nd May 2020, Karur Vysya Bank 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 Karur Vysya Bank. 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 Karur Vysya Bank customer care or its nearest branch.
FAQs
✅Will the Karur Vysya Loan Against Property EMI remain constant or change in future? What happens in case of increase or decrease in interest rate?
Karur Vysya 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 Karur Vysya 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, Karur Vysya 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 Karur Vysya Bank, 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 Karur Vysya Bank 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.
- Karur Vysya 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 Karur Vysya Bank?
You can avail of a maximum loan of ₹ 5 Cr, depending on the value of the property. However, the loan amount cannot be more than 40% of the property value. Karur Vysya Bank assesses the property before approving your mortgage loan application.
Compare Loan Against Property EMI of All Banks
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- 2020-01-07 : Karur Vysya Bank revised MCLR
The overnight, one-month, three-months MCLR of Karur Vysya Bank is kept unchanged and stands at 8.30%, 8.40%, 8.55%, respectively. While six-months and 1 year MCLR is cut by 10 bps to 9% and 9.30%. The revised rates are in effect from 7 January 2020. The cut in MCLR will impact home loans and loans against property. - 2019-03-14 : Karur Vysya Bank raises Rs. 487 crore through Basel-III bonds
In a bid to fund its growth plans, Karur Vysya Bank has said that it has raised Rs. 487 crore through the issuance of the Basel-III compliant bonds. The bank has allotted 48,700 BASEL-III compliant unsecured, redeemable, non-convertible tier-II bonds in the nature of debenture of Rs. 1,00,000 each aggregating to Rs. 487 crore. The capital was raised on a private placement basis. - 2017-09-20 : Karur Vysya Bank inaugurates new branch at Poonamallee
Private sector lender, Karur Vysya Bank (KVB) has inaugurated its bank branch in Tiruvallur district at Poonamallee. With this inauguration, the bank has a total of 730 branches across India and 44 branches in the city. The branch will offer a comprehensive range of facilities including accounts, deposits and loans including home, gold, personal and loan against property along with the facility of credit cards.
