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RBL Bank Loan Against Property EMI Calculator

RBL Bank Mortgage Loan EMI 2021

Last Updated 19th Jul 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.

  • Use RBL Bank mortgage loan calculator to evaluate your EMI before applying for a loan.
  • Check RBL Bank property loan EMI for different tenures at the current rate of 9.70%
Loan Amount5 Year Loan7 Year loan15 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
Apply for Loan Against Property @ 7.20%* Get upto ₹ 1,000* Cashback
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Bank/NBFCs Rate* EMI per Lakh* Action

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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?

  • Calculate the EMI at Different Tenures : With RBL Bank LAP EMI Calculator, you can compare the EMI on your loan against property with different loan tenures and loan amount. However, you must check the interest rate on RBL Bank loan against property to calculate the EMI. As per the current rates, RBL Bank offers the lowest EMI per lakh of ₹ 1,056 at 9.70 %
  • Compare RBL Bank LAP EMI : You can also get a precise estimate on your loan against property compared to other banks at the same loan amount and tenure by using RBL Bank loan EMI Calculator. On the basis of RBL Bank Loan against property EMI, you can choose the most affordable offer.
  • Get Detailed Amortisation Schedule : RBL Bank Loan against EMI Calculator helps you to calculate the division of total EMIs into interest and principal repayment at different periods throughout the loan tenure.
  • Calculate the Outstanding Balance : Finally, you can also use RBL Bank EMI Calculator to calculate the remaining loan tenure for the outstanding balance at any period of the loan tenure. Thus, it can help you reduce your loan tenure by prepayment or foreclosure or to avail loan at a lower rate with balance trasnfer.

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 years15 years20 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.

Loan Amount

If you apply for a higher loan amount, you will have to pay a higher EMI on loan against property. You can avail of RBL Bank loan against property for an amount ranging between ₹ 10,00,000 to ₹ 10,00,00,000.

Interest Rate

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.

Loan Tenure

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

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 schedule

Suppose 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:

  • Typically, the Loan Against Property EMI remains unchanged unless the customer requests for a change and the same is approved by RBL 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, RBL 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 RBL Bank, the bank may increase your EMI amount.

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:

  • 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 RBL Bank may levy prepayment charges except on floating rate property loans sanctioned to individuals.

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:

  • EMI is calculated using a combination of the loan amount, loan tenure and interest rate.
  • RBL 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 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.

  • E = [P x R x (1+R)^N]/[(1+R)^N-1] where
  • ‘E’ means Equated monthly instalments
  • ‘P’ means the principal amount
  • ‘N’ is the number of monthly instalments
  • ‘R’ is the interest rate per month.

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


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RBL Bank Loan Against Property News - Jul 2021
  • 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.
*Terms and conditions apply. Credit at sole discretion of lender, which is subject to credit appraisal, eligibility check, rates, charges and terms. Information displayed is indicative and collected from public sources. Read More
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