South Indian Bank Loan Against Property EMI Calculator

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Lowest EMI on South Indian Bank Loan Against Property - Rs. 1,085 per lakh

Last Updated 21st Oct 16

Loan Tenure
Loan Amount (Rs.) 7 years 10 years 12 years
2,500,000 Rs. 39,028 Rs. 30,398 Rs. 27,130
5,000,000 Rs. 78,056 Rs. 60,796 Rs. 54,260
7,500,000 Rs. 117,084 Rs. 91,194 Rs. 81,390
10,000,000 Rs. 156,111 Rs. 121,592 Rs. 108,520

Check South Indian Bank Loan Against Property EMI for a loan amount and tenure

South Indian Bank Loan Against Property EMI Calculator
  • Loan Against Property EMI (or equated monthly instalment) is a fixed amount of money you pay South Indian Bank towards repayment of your property loan every month on a fixed day of the month till your loan is fully paid back.
  • With South Indian Bank now offering loan tenure upto 18 years at attractive interest rates starting is 8.05%, your EMI can be as low as Rs. 1085 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 South Indian Bank Loan Against Property.

Will the South Indian Bank 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 South Indian 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, South Indian 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 South Indian 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 South Indian 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.
*My Finance Care Advisors Pvt. Ltd., or 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 to provide corrections or updates. We may act as and/ or be associated with channel partners of banks and other sellers of financial products.
Loan Against Property @ 10.60%* Cashback Upto Rs. 5,000

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South Indian Bank Loan Against Property EMI Calculator News - Oct 2016
12th Jul 16 South Indian Bank reports 46% rise in Q1 net profit
South Indian Bank has reported 46 per cent rise in its net profit at Rs 95.06 crore for first quarter ended June 30, 2016. Total income of the bank has increased by 9.47% at Rs 1620.67 crore. Growth was driven by increased lending to the agriculture, small and medium enterprise (SME), housing and auto sectors, which registered substantial growth year on year. Agriculture and SME advances rose 22 per cent, while home and auto loan portfolios increased by 19 per cent and 28 per cent, respectively.
28th Jan 16 South Indian Bank Q3FY16 net profit up by 16 per cent
SIB net profit for the quarter December 2015 stood at Rs. 101 Cr due to their refocus on business strategies and now the bank has been focusing on various retail sectors for asset growth