Ratnakar Loan Against Property EMI Calculator

Lowest EMI on Ratnakar Bank Loan Against Property - Rs. 1,249 per lakh

Last Updated 22nd Jan 2017
Loan Tenure
Loan Amount (Rs.) 7 years 10 years 15 years
2,500,000 Rs. 45,141 Rs. 36,960 Rs. 31,221
5,000,000 Rs. 90,282 Rs. 73,920 Rs. 62,442
7,500,000 Rs. 135,422 Rs. 110,880 Rs. 93,663
10,000,000 Rs. 180,563 Rs. 147,840 Rs. 124,884

Check Ratnakar Loan Against Property EMI for a loan amount and tenure

Ratnakar Bank Loan Against Property EMI Calculator
  • Loan Against Property EMI (or equated monthly instalment) is a fixed amount of money you pay Ratnakar Bank towards repayment of your property loan every month on a fixed day of the month till your loan is fully paid back.
  • With Ratnakar Bank now offering loan tenure upto 18 years at attractive interest rates starting is 12.75%, your EMI can be as low as Rs. 1249 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 Ratnakar Bank Loan Against Property.

Will the Ratnakar 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 Ratnakar 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, Ratnakar 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 Ratnakar 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 Ratnakar 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.
Ratnakar Loan Against Property EMI Calculator News - Jan 2017
13th Jan 17 RBL cuts saving account deposit rates to 6 percent
Ratnakar Bank has reduced its saving account deposit rate for deposits up to Rs. 10 lakhs to 6 percent as compared to 6.1 percent earlier. The revised deposit rate for bulk deposits up to Rs. 50 lakhs now stands at 6.5 percent as compared to 7 percent earlier. The rates are effective from 6th January, 2017.
22nd Dec 16 RBL Bank reduces its MCLR up to 45 bps
Ratnakar Bank Limited has reduced its overnight and one month marginal cost of lending rates by 30 bps to 9.70 percent as compared to 10 percent earlier. The revised MCLR rates for six month and one year lending now stands reduced at 9.80 and 9.85 percent respectively. The bank has also reduced its three year lending rate by 45 bps to 10.05 percent. New rates are effective from 22nd December, 2016.
14th Dec 16 RBL Bank organizes an initiative for girl child education
RBL Bank organised a cyclothon named Umeed 1,000 to raise funds and spread awareness for the education of underprivileged girl child. The theme of the initiative matches the core philosophy of the bank that is Apno Ka Bank.
01st Dec 16 RBL Bank launches Aadhaar based disbursement of micro loans
Ratnakar Bank has launched Aadhaar Payment Based System (APBS) scheme for micro loan disbursements. With this, RBL becomes the first bank to provide cashless disbursement of micro loans. Under the new system, the bank will transfer the loan amount directly to the Aadhaar enabled bank accounts of micro loan borrowers.
29th Nov 16 RBL Bank ties up with Bajaj Finance to launch co-branded credit cards
RBL Bank has announced a partnership with Bajaj Finance to launch a series of co-branded credit cards. The card will have many customer friendly features such as no cost EMIs, low interest rates and digital payment solutions along with other attractive offers and deals. The card will be targeted at customers who do not hold a credit card, both in metro and non metro cities.
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