What is an EMI?
Loan amount, tenure and interest rate are the three key
parameters of a
loan and these vary in case of different loan providers. EMI applicable to a loan varies
according to all these three parameters. Therefore, before choosing a particular loan, it is
very important to have an understanding of these three parameters and how do they relate to
the loan EMI.
Calculate Loan EMIs Online Using Loan EMI Calculator
There are different types of EMI calculators based upon the
loan such as :
1. Home loan
2. Personal loan
4. Transfer Home Loan
5. Transfer Personal Loan
6. Business Loan
How are Loan EMIs Calculated?
The Loan Against Property EMI Calculator will immediately display the EMI's applicable for
the loan tenure after the amount, rate, and tenure for the Loan Against Property are
entered. Additionally, keep in mind to consult the amortisation table for a year-by-year
schedule of payments throughout the loan term. To determine the term and repayment schedule
for your loan, use the Loans4you.in Loan Against Property EMI calculator.
|Loan Amount||5 Years EMI (P.M)||10 Years EMI (P.M)||15 Years EMI (P.M)||20 Years EMI (P.M)|
|10 Lacs||₹ 20,276||₹ 12,133||₹ 9,557||₹ 8,364|
|15 Lacs||₹ 30,415||₹ 18,199||₹ 14,335||₹ 12,547|
|20 Lacs||₹ 40,553||₹ 24,266||₹ 19,113||₹ 16,729|
|25 Lacs||₹ 50,691||₹ 30,332||₹ 23,891||₹ 20,911|
|30 Lacs||₹ 60,829||₹ 36,398||₹ 28,670||₹ 25,093|
Rate Of Interest @8.00%*.
What is Loan Against Property?
Loan against property or Mortgage Loan is a type of secured
sanctioned against both commercial and residential properties owned by the borrower. The
lender or the financial institution keeps this property as collateral till the loan is fully
Both salaried and non-salaried individuals are eligible for mortgage Loan The loan amount received under LAP can be used for various purposes like starting a business, buying a property, footing medical bills, meeting wedding-related expenses, paying education fees, etc. The loan to be repaid is distributed over a period in the form of Equated Monthly Instalment (EMI) so that repayment does not become a burden on the borrower.
What is Loan Against Property EMI?
An EMI is the fixed monthly amount, comprising the principal
the interest the borrower pays until the loan is fully repaid. Initially, a big portion of
the EMI consists of the interest amount. An important factor that helps to decide the
repayment amount is the interest Rates. The rate varies for different banks and NBFC.
Factors Affecting LAP EMI Calculation
EMI Calculators work on the basis of the following EMI Calculation Formula:
EMI = [P x R x (1+R)^N]/[(1+R)^N-1]
In this formula,
EMI– Equated Monthly Instalment
P– Principal amount (amount borrowed as loan)
R– Applicable rate of interest (interest rate should be on a monthly basis)
N– Loan tenure or the number of EMIs to be paid (tenure should be in months)