Vijaya Bank Loan Against Property EMI Calculator

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Lowest EMI on Vijaya Bank Loan Against Property - Rs. 1,443 per lakh

Last Updated 22nd Oct 16

Loan Tenure
Loan Amount (Rs.) 7 years 10 years 10 years
2,500,000 Rs. 44,333 Rs. 36,085 Rs. 36,085
5,000,000 Rs. 88,665 Rs. 72,170 Rs. 72,170
7,500,000 Rs. 132,998 Rs. 108,255 Rs. 108,255
10,000,000 Rs. 177,331 Rs. 144,339 Rs. 144,339

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

Vijaya Bank Loan Against Property EMI Calculator
  • Loan Against Property EMI (or equated monthly instalment) is a fixed amount of money you pay Vijaya Bank towards repayment of your property loan every month on a fixed day of the month till your loan is fully paid back.
  • With Vijaya Bank now offering loan tenure upto 18 years at attractive interest rates starting is 12.15%, your EMI can be as low as Rs. 1443 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 Vijaya Bank Loan Against Property.

Will the Vijaya 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 Vijaya 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, Vijaya 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 Vijaya 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 Vijaya 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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Vijaya Bank Loan Against Property EMI Calculator News - Oct 2016
22nd Jul 16 Vijaya Bank Q1 profit up 13.37 per cent on recoveries
Vijaya Bank has reported a rise in profits by 13.37 per cent at Rs. 161.66 crore in the June quarter of FY17 as against Rs. 142.59 crore posted in the same period last year. The total income of the bank in the first quarter was at Rs. 3295.05 crore. Operating profit rose 16.80 per cent to Rs. 458.73 crore. The gross NPA of the bank as a percentage of total loans increased to 6.64 per cent. Net interest income increased by 18.18 per cent to Rs. 782.64 crore and net interest margin improved to 2.54 per cent.