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# State Bank Travancore (Now SBI) Loan Against Property EMI Calculator

Last Updated 03rd Oct 2017

## Lowest EMI on State Bank of Travancore Loan Against Property - Rs. 1,432 per lakh

Loan Tenure
Loan Amount (Rs.) 7 years 10 years 10 years
2,500,000 Rs. 44,065 Rs. 35,796 Rs. 35,796
5,000,000 Rs. 88,130 Rs. 71,591 Rs. 71,591
7,500,000 Rs. 132,195 Rs. 107,387 Rs. 107,387
10,000,000 Rs. 176,260 Rs. 143,182 Rs. 143,182
Loan Against Property EMI Calculator
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### Loan Against Property EMI Calculator State Bank of Travancore

• Loan Against Property EMI (or equated monthly instalment) is a fixed amount of money you pay State Bank of Travancore towards repayment of your property loan every month on a fixed day of the month till your loan is fully paid back.
• With State Bank of Travancore now offering loan tenure upto 10 years at attractive interest rates starting is 11.95%, your EMI can be as low as Rs. 1432 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 State Bank of Travancore Loan Against Property.

Will the State Bank Travancore (Now SBI) 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 State Bank of Travancore 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, State Bank of Travancore 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 State Bank of Travancore, 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 State Bank of Travancore 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.

### Compare Loan Against Property EMI of All Banks

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