Loan Against Property EMI Calculator

Lowest EMI on Loan Against Property - Rs. 0 per lakh

Last Updated 20th Feb 2017
Loan Tenure
Loan Amount (Rs.) 7 years 10 years years
2,500,000 Rs. 0 Rs. 0 Rs. 0
5,000,000 Rs. 0 Rs. 0 Rs. 0
7,500,000 Rs. 0 Rs. 0 Rs. 0
10,000,000 Rs. 0 Rs. 0 Rs. 0

Check Loan Against Property EMI for a loan amount and tenure

Loan Against Property EMI Calculator
X
MyLoanCare
  • Loan Against Property EMI (or equated monthly instalment) is a fixed amount of money you pay towards repayment of your property loan every month on a fixed day of the month till your loan is fully paid back.
  • With now offering loan tenure upto 18 years at attractive interest rates starting is %, your EMI can be as low as Rs. 0 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 Loan Against Property.

Will the 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 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, 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 , 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 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.
Loan Against Property EMI Calculator News - Feb 2017
17th Feb 17 PNB Housing Finance launches EMI step up plan for self employed loan borrowers
PNB Housing Finance has launched a new EMI scheme called EMI Step up Plan for self employed loan borrowers across home loan and loan against property segment. Under the scheme, borrowers who have taken loan of Rs. 50 lakh and above can opt to pay a lower EMI initially and can gradually increase the EMI to match an increase in their income. This is expected to ease the loan burden on borrowers in the initial years of their career.
16th Feb 17 Private equity investment in India realty sector at nine year high in 2016
A report released by Cushman and Wakefield has highlighted the growth of private equity investment in Indian realty sector at its nine year high in 2016. Private equity investment grew by 26 percent and reached at 5.97 billion dollars crore in 2016 on a year on year basis. As per the report, residential assets remained the most preferential asset class witnessing the investment of 3.1 billion dollars during the year. Investment in the other segment such as commercial office assets also witnessed an impressive investment of 850 million dollars.
15th Feb 17 Real estate sector to see healthy competition and improved liquidity in future
Finance Minister accorded the status of infrastructure to the affordable housing segment in Union Budget 2017. Expert at Business Today expect to see a healthy growth in the realty sector with easier access to loans and improved liquidity position. He also opined that the grant is likely to attract more private developers into the affordable housing segment, which will lead to a healthier competition amongst the real estate companies.
13th Feb 17 Real estate to get a makeover under new law
Government has launched RERA, a new regulatory and development act for real estate companies in India. The act is aimed at organising the real estate sector while maintaining a level of transparency. Real estate developers believe that the Act will improve accountability and transparency in the operations of real estate companies and hence, attract more foreign investment in the sector.
11th Feb 17 Real estate expo FAIRPRO 2017 opens in Chennai, footfall likely to rise
President of CREDAI Chennai has forecasted more than 25,000 footfalls during the two day real estate expo FAIRPRO 2017. FAIRPRO 2017 is a real estate expo organised by Chennai Chapter of Confederation of Real estate Developers Association of India (CREDAI) at the Chennai Trade Center, Nandambakkam. During the expo, 75 developers will showcase 300 residential projects with prices ranging from Rs. 10 lakh to Rs. 10 crore.
*My Finance Care Advisors Pvt. Ltd., or https://www.myloancare.in is a bank neutral multi bank platform that helps borrowers and bank customers compare loans and deposits of all banks in India at one place. Information carried at this website is based on perusal of public sources and should not be construed as an offer or solicitation or invitation to borrow or lend. The Company does not assure as to the correctness of information carried at the website. Lenders/ banks/ other parties may contact us at info@myloancare.in to provide corrections or updates. We may act as and/ or be associated with channel partners of banks and other sellers of financial products.