Lakshmi Vilas Loan Against Property EMI Calculator

Lowest EMI on Lakshmi Vilas Bank Loan Against Property - Rs. 1,435 per lakh

Last Updated 23rd Feb 2017
Loan Tenure
Loan Amount (Rs.) 7 years 10 years 10 years
2,500,000 Rs. 44,132 Rs. 35,868 Rs. 35,868
5,000,000 Rs. 88,264 Rs. 71,735 Rs. 71,735
7,500,000 Rs. 132,396 Rs. 107,603 Rs. 107,603
10,000,000 Rs. 176,527 Rs. 143,471 Rs. 143,471

Check Lakshmi Vilas Loan Against Property EMI for a loan amount and tenure

Lakshmi Vilas Bank Loan Against Property EMI Calculator
  • Loan Against Property EMI (or equated monthly instalment) is a fixed amount of money you pay Lakshmi Vilas Bank towards repayment of your property loan every month on a fixed day of the month till your loan is fully paid back.
  • With Lakshmi Vilas Bank now offering loan tenure upto 18 years at attractive interest rates starting is 12.00%, your EMI can be as low as Rs. 1435 per Rs. 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 of keeps reducing and the principal component keeps increasing, except in case of an increase in interest rate on the loan.
Use the above quick and easy tool to easily calculate and compare monthly EMI on Lakshmi Vilas Bank Loan Against Property.

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

  • Typically, the Loan Against Property EMI remains unchanged unless the customer requests for a change and the same is approved by Lakshmi Vilas 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, Lakshmi Vilas 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 an extent that the revised loan tenure is more than the maximum permissible by Lakshmi Vilas Bank, the bank may increase your EMI amount.

Will Loan Against Property EMI change in case of prepayment?

  • 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 pay off the loan faster) or reduce the EMI and keep the loan tenure unchanged (thus paying 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 Lakshmi Vilas 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?

  • EMI is calculated using a combination of loan amount, loan tenure and interest rate.
  • EMI is calculated 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.
Lakshmi Vilas Loan Against Property EMI Calculator News - Feb 2017
20th Jul 16 Lakshmi Vilas Bank Q1 net jumps 50 per cent to Rs 61 crore
Lakshmi Vilas Bank has reported a net profit of over 50 per cent at Rs 60.68 crore in the June quarter of FY17. Total income of the bank in the June Quarter increased to Rs 774.87 crore from Rs 693.05 crore in the same period of previous year. Gross NPAs as a percentage to Total Advances decreased to 2.14 per cent. Net NPAs decreased to 1.3 per cent of the Net Advances as against 1.72 per cent in the same period of previous fiscal. Thus, the provision towards bad loans was also reduced to Rs 35.15 crore June quarter of FY17 as against Rs 50.31 crore in the same period of previous year.
28th Apr 16 Lakshmi Vilas Bank Q4 profit up 22.5% on retail, SME growth
Lakshmi Vilas Bank saw its Q4 profit grow 22.5% to Rs 49.07 crore from strength in its retail and SME lending. The commercial lender Q4 net income increased 14.3% to Rs 758.84 crore from Rs 663.97 crore for the same period last year. The bank is seeing lending opportunities in the pharma and real estate sector. And they are looking at broadening the scope of their agricultural loans. The only possible areas of improvement bank can see are with regard to their CASA deposits and their net interest income.
29th Jan 16 Lakshmi Vilas Bank launches LVB Mobile app
LVB launched its mobile app to tap the digital banking space and diversify its offerings. The bank also inaugurated its first cash deposit machine at Global Village campus in Bengaluru
28th Jan 16 Lakshmi Vilas Bank Q3FY16 standalone net profit rises 42 per cent
LVB reported net profit of Rs. 46.07 Cr for the quarter ended December 2015 on fall in bad loans and healthy revenue from retail and corporate banking segments.
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