RBL Bank Loan Against Property EMI Calculator
RBL Bank Mortgage Loan EMI 2021
Get monthly EMI as low as ₹ 1,056 per lakh on RBL Bank loan against property. Mortgage loan EMI in RBL 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.
| Loan Amount | 5 Year Loan | 7 Year loan | 15 Year loan |
|---|---|---|---|
| ₹ 10 Lakh | ₹ 21,100 | ₹ 16,447 | ₹ 10,563 |
| ₹ 25 Lakh | ₹ 52,749 | ₹ 41,116 | ₹ 26,408 |
| ₹ 40 Lakh | ₹ 84,399 | ₹ 65,786 | ₹ 42,253 |
Please Re-confirm Your Number
Please Re-confirm Your
Offers| Bank/NBFCs | Rate* | EMI per Lakh* | Action |
|---|
* Starting From
Loan Against Property EMI Calculator RBL Bank
You can calculate your RBL Bank loan against property EMI in advance to plan your expenses using a RBL Bank mortgage loan calculator. RBL Bank loan against property EMI calculator is an online tool that gives accurate results without hassle.
Why should you use RBL Bank Loan Against Property EMI Calculator?
RBL Bank Mortgage Loan EMI Calculator to estimate the EMI that fits your budget
To calculate the EMI against RBL Bank EMI loan against property at different rates and tenure, enter different loan amounts and tenure at the eligible interest rate on the RBL Bank Loan against property EMI calculator. The table below shows the RBL Bank EMI calculation at the various combinations of loan amount and years at the lowest rate of 9.70%.
RBL Bank Loan against property EMI is calculated for different loan amounts and tenures at 9.70% interest rate
| Loan Tenure | |||
|---|---|---|---|
| Loan Amount (Rs.) | 10 years | 15 years | 20 years |
| EMI on ₹ 15,00,000 | ₹ 19,574 | ₹ 15,845 | ₹ 14,178 |
| EMI on ₹ 25,00,000 | ₹ 32,624 | ₹ 26,408 | ₹ 23,631 |
| EMI on ₹ 40,00,000 | ₹ 52,198 | ₹ 42,253 | ₹ 37,809 |
| EMI on ₹ 60,00,000 | ₹ 78,297 | ₹ 63,380 | ₹ 56,714 |
Factors Affecting RBL Bank Property Loan EMI
You can calculate RBL 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.
If you apply for a higher loan amount, you will have to pay a higher EMI on
A higher interest rate increases your RBL Bank loan against property EMI, increasing the total cost of the loan. As per the current rates, RBL Bank provides loan against property at rates starting at 9.70%. Before applying for a loan, you must compare LAP rates and calculate EMI online using RBL Bank loan against property loan calculator.
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 RBL 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 |
|---|---|---|---|---|
| RBL Bank | 9.70% | ₹ 10,563 | ₹ 31,690 | ₹ 52,816 |
| Indian Overseas Bank | 9.75% | ₹ 16,472 | ₹ 49,417 | ₹ 82,361 |
| HSBC Bank | 9.80% | ₹ 10,624 | ₹ 31,872 | ₹ 53,120 |
| Union Bank of India | 9.80% | ₹ 11,836 | ₹ 35,507 | ₹ 59,178 |
| Canara Bank | 9.95% | ₹ 16,575 | ₹ 49,726 | ₹ 82,877 |
| Syndicate Bank | 9.95% | ₹ 13,187 | ₹ 39,562 | ₹ 65,937 |
| Indiabulls | 9.99% | ₹ 13,210 | ₹ 39,629 | ₹ 66,048 |
| Cholamandalam | 10.00% | ₹ 10,746 | ₹ 32,238 | ₹ 53,730 |
| Federal Bank | 10.10% | ₹ 13,271 | ₹ 39,812 | ₹ 66,353 |
| Standard Chartered Bank | 10.10% | ₹ 10,807 | ₹ 32,422 | ₹ 54,037 |
| Indian Bank | 10.50% | ₹ 16,861 | ₹ 50,582 | ₹ 84,303 |
| Dhan Laxmi Bank | 10.60% | ₹ 11,116 | ₹ 33,348 | ₹ 55,580 |
| Andhra Bank | 10.75% | ₹ 13,634 | ₹ 40,902 | ₹ 68,169 |
| United Bank of India | 10.75% | ₹ 16,991 | ₹ 50,974 | ₹ 84,956 |
| Karnataka Bank | 10.89% | ₹ 11,297 | ₹ 33,891 | ₹ 56,485 |
| OBC | 10.95% | ₹ 13,747 | ₹ 41,240 | ₹ 68,734 |
| 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 |
| IDFC First Bank | 11.80% | ₹ 11,873 | ₹ 35,620 | ₹ 59,367 |
| Central Bank of India | 13.75% | ₹ 15,377 | ₹ 46,130 | ₹ 76,883 |
| Allahabad Bank | 14.15% | ₹ 16,422 | ₹ 49,265 | ₹ 82,108 |
RBL 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 scheduleSuppose you borrow a Loan Against Property of ₹ 20 Lakh from RBL Bank for 10 years at an interest rate of 9.70%, the EMI calculated for this loan amount would be ₹ 26,099 and the total annual EMIs to be paid annually is ₹ 3,13,188. The RBL Bank Loan Against Property EMI schedule for 10 years is explained below in the table –
Amortization Schedule for a Loan Against Property of ₹ 20 Lakh over the 10 years
| Year | Interest paid during the year | Principal repaid during the year | Total amount paid during the year (Interest + Principal) | Outstanding Principal |
|---|---|---|---|---|
| 2021 | ₹ 95,783 | ₹ 60,811 | ₹ 1,56,594 | ₹ 19,39,189 |
| 2022 | ₹ 1,82,388 | ₹ 1,30,801 | ₹ 3,13,188 | ₹ 18,08,388 |
| 2023 | ₹ 1,69,120 | ₹ 1,44,068 | ₹ 3,13,188 | ₹ 16,64,320 |
| 2024 | ₹ 1,54,507 | ₹ 1,58,681 | ₹ 3,13,188 | ₹ 15,05,639 |
| 2025 | ₹ 1,38,412 | ₹ 1,74,776 | ₹ 3,13,188 | ₹ 13,30,863 |
| 2026 | ₹ 1,20,685 | ₹ 1,92,504 | ₹ 3,13,188 | ₹ 11,38,360 |
| 2027 | ₹ 1,01,159 | ₹ 2,12,029 | ₹ 3,13,188 | ₹ 9,26,330 |
| 2028 | ₹ 79,653 | ₹ 2,33,536 | ₹ 3,13,188 | ₹ 6,92,795 |
| 2029 | ₹ 55,965 | ₹ 2,57,223 | ₹ 3,13,188 | ₹ 4,35,571 |
| 2030 | ₹ 29,874 | ₹ 2,83,314 | ₹ 3,13,188 | ₹ 1,52,258 |
| 2031 | ₹ 4,337 | ₹ 1,52,258 | ₹ 1,56,594 | ₹ 0 |
Each RBL 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 39.79% of your EMI has been used to repay the principal amount. This means that the remaining 60.21% of the EMI went into interest payment. Thus, you end up paying only 6.23% of the loan amount of ₹ 20 Lakh after paying 12 EMIs in the first year to RBL Bank.
In year 10, the interest component of RBL Bank EMI is around 5.06%, while the principal component is around 94.94%. Upto 10 years, you have cumulatively repaid 100% of your total RBL Bank Loan Against Property.
RBL Bank Loan Against Property EMI for ₹ 10 Lakh
The following table shows EMI on RBL Bank loan against property for ₹ 10,00,000 for different tenures at an interest rate of 9.70%
| Loan Amount | Interest rate | Tenure (Year) | EMI |
|---|---|---|---|
| ₹ 10,00,000 | 9.70% | 5 Years | ₹ 21,100 |
| ₹ 10,00,000 | 9.70% | 10 Years | ₹ 13,050 |
| ₹ 10,00,000 | 9.70% | 12 Years | ₹ 11,778 |
| ₹ 10,00,000 | 9.70% | 15 Years | ₹ 10,563 |
RBL Bank Loan Against Property EMI for ₹ 25 Lakh
The following table shows RBL Bank loan against property EMI for ₹ 25,00,000 for different tenures at an interest rate of 9.70%
| Loan Amount | Interest rate | Tenure (Year) | EMI |
|---|---|---|---|
| ₹ 25,00,000 | 9.70% | 5 Years | ₹ 52,749 |
| ₹ 25,00,000 | 9.70% | 10 Years | ₹ 32,624 |
| ₹ 25,00,000 | 9.70% | 12 Years | ₹ 29,445 |
| ₹ 25,00,000 | 9.70% | 15 Years | ₹ 26,408 |
RBL Bank Mortgage Loan EMI for ₹ 30 Lakh
The following table shows RBL Bank loan against property EMI for ₹ 30,00,000 for different tenures at an interest rate of 9.70%
| Loan Amount | Interest rate | Tenure (Year) | EMI |
|---|---|---|---|
| ₹ 30,00,000 | 9.70% | 5 Years | ₹ 63,299 |
| ₹ 30,00,000 | 9.70% | 10 Years | ₹ 39,149 |
| ₹ 30,00,000 | 9.70% | 12 Years | ₹ 35,334 |
| ₹ 30,00,000 | 9.70% | 15 Years | ₹ 31,690 |
FAQs
✅Will the RBL Bank Loan Against Property EMI remain constant or change in future? What happens in case of increase or decrease in interest rate?
RBL 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 RBL Bank LAP EMI are listed as follows:
✅Will RBL Bank Loan Against Property EMI change in case of prepayment?
Similar to all loans, RBL Bank Loan against property also offers the prepayment facility to the loan borrowers. Prepayment of loan leads to certain changes as listed below:
✅How does EMI calculator calculate RBL Bank Loan Against Property EMI?
RBL Bank Loan against property emi calculator is a reliable and time-saving tool to calculate the LAP EMI. It functions as follows:
✅How much loan can I get against my property from RBL Bank?
You can avail of a maximum loan of ₹ 10,00,00,000, depending on the value of the property. However, the loan amount cannot be more than 65% of the property value. RBL Bank assesses the property before approving your mortgage loan application.
✅How to pay your RBL Bank Mortgage loan EMI Online?
You can pay the RBL 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 RBL Bank branch to submit the cheque of your EMI.
✅What is the EMI for ₹ 10 Lakh mortgage loan in RBL 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 | 9.70% | 5 years | ₹ 21,100 |
| ₹ 10 Lakh | 9.70% | 10 years | ₹ 13,050 |
| ₹ 10 Lakh | 9.70% | 12 years | ₹ 11,778 |
| ₹ 10 Lakh | 9.70% | 15 years | ₹ 10,563 |
✅How is RBL Bank loan against property EMI calculated?
You can calculate RBL Bank LAP EMI using the mathematical formula mentioned below or using an online RBL Bank LAP EMI Calculator.
✅What is the EMI for ₹ 20 Lakh Loan against property in RBL Bank?
To determine different Loan against property EMI RBL 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 | 9.70% | 5 years | ₹ 42,199 |
| ₹ 20 Lakh | 9.70% | 10 years | ₹ 26,099 |
| ₹ 20 Lakh | 9.70% | 12 years | ₹ 23,556 |
| ₹ 20 Lakh | 9.70% | 15 years | ₹ 21,127 |
✅What is the EMI for ₹ 30 Lakh mortgage loan in RBL Bank?
To determine different RBL Bank EMI for different tenures, you can use a 30 lakh loan against property EMI Calculator.
| Loan amount | Interest rate | Tenure | EMI |
|---|---|---|---|
| ₹ 30 Lakh | 9.70% | 5 years | ₹ 63,299 |
| ₹ 30 Lakh | 9.70% | 10 years | ₹ 39,149 |
| ₹ 30 Lakh | 9.70% | 12 years | ₹ 35,334 |
| ₹ 30 Lakh | 9.70% | 15 years | ₹ 31,690 |
✅What is the EMI for ₹ 50 Lakh mortgage loan in RBL Bank?
To estimate RBL 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 | 9.70% | 5 years | ₹ 1,05,499 |
| ₹ 50 Lakh | 9.70% | 10 years | ₹ 65,248 |
| ₹ 50 Lakh | 9.70% | 12 years | ₹ 58,891 |
| ₹ 50 Lakh | 9.70% | 15 years | ₹ 52,816 |
Compare Loan Against Property EMI of All Banks
- SBI
- HDFC
- ICICI Bank
- Axis Bank
- Citibank
- PNB Housing Finance
- LIC Housing Finance
- Kotak Bank
- Yes Bank
- Bajaj Home Finance
- IDFC First Bank
- RBL Bank
- Syndicate Bank
- IDBI Bank
- IndusInd Bank
- Karur Vysya Bank
- HSBC Bank
- Standard Chartered Bank
- Edelweiss
- Corporation Bank
- Indian Bank
- Indian Overseas Bank
- OBC
- PNB
- HDFC Bank
- Indiabulls
- DCB Bank
- Dhan Laxmi Bank
- Karnataka Bank
- South Indian Bank
- Federal Bank
- Jammu And Kashmir Bank
- Lakshmi Vilas Bank
- Allahabad Bank
- Andhra Bank
- Bank of India
- Canara Bank
- Central Bank of India
- Punjab and Sind Bank
- UCO Bank
- Union Bank of India
- United Bank of India
- DBS Bank
- India Shelters
- Piramal Housing Finance
- Cholamandalam
- 2021-06-24 : Revised MCLR for RBL Bank
RBL Bank revised its MCLR. The overnight MCLR is 7.75%. The rate for one month and three months is 7.80% and 7.85% respectively. Further, the MCLR for six months and one year is 8% and 8.45%. The revised rates are effective from 22 June 2021. - 2021-03-09 : RBL Bank planning branch expansion
RBL Bank plans aggressive branch expansion over the next few years and target to open at least 75 new branches annually. The expansion will help the bank to increase its loan and deposits portfolio. - 2021-01-28 : RBL Bank posted a Q3 net profit of ₹147 crore
RBL Bank reported a 110% rise in its net profit year-on-year at ₹147 crore in the quarter ended December 31, 2020. In the corresponding quarter, the bank posted a net profit of ₹6,995 crore. The bank’s total revenue backed by home, personal, car, two-wheeler and gold loans along with business and mudra loans grew by 6% year-on-year to ₹1,488 crore . - 2020-10-30 : RBL Bank Q2 net profit surges to ₹144 cr
RBL Bank reported almost a three times increase in profit in the quarter ended September backed by retail loans like home, personal, car, two-wheeler and gold loans along with business and mudra loans. Further, Net profit rose to Rs 144 crore in the quarter ended September 2020 up from Rs 54 crore a year earlier supported by 23% growth in retail advances year on year even as wholesale advances continued to shrink. - 2019-12-24 : RBL Bank reduces MCLR rates
RBL Bank has cut its Marginal Cost of Funds Based lending Rate (MCLR) by up to 10 bps. For one year, the MCLR stands at 9.70% as compared to 9.80% earlier. For six months, the rate has been cut to 9.40% from 9.45% earlier. The revised standards have been in effect from December 22, 2019. The cut in MCLR will impact the interest rate of MCLR linked home loans and loans against property.
