Loan Against Property EMI Calculator

A Loan Against Property EMI calculator is an online tool that helps you figure out how much you need to pay each month towards your loan. It's accurate and takes into account details like the loan amount, interest rate, and loan tenure.

Using an EMI calculator is crucial for better financial planning and understanding if you can handle the repayments comfortably. It gives you a clear picture of what to expect when taking out a Loan Against Property (LAP). EMI stands for Equated Monthly Installment, which is the fixed amount you pay each month.

MybankingTips Loan Against Property EMI Calculator is particularly helpful as it calculates your monthly payments and breaks down the total payment into principal and interest. This breakdown is presented in the form of an Amortization Schedule, which shows your periodic loan payments over time. It helps you see how much of each payment goes towards the principal amount and how much goes towards interest.

Compare Interest Rates on Loan Against Property for Top Banks & HFCs

Name of the Lender Interest Rate (% p.a.)
State Bank of India 10.00 - 11.30 Apply Now
Axis Bank 10.50 - 10.95 Apply Now
Bank of Baroda 10.85 - 16.50 Apply Now
ICICI Bank 10.85 - 12.50 Apply Now
Standard Chartered Bank Starts from 9.25% Apply Now
HSBC Bank 9.75 - 14.00 Apply Now
Union Bank of India 10.45% - 13.10% p.a. Apply Now
PNB Housing Finance 9.25 - 15.00 Apply Now
IDFC First Bank 9.00 - 16.50 Apply Now
HDFC Bank Limited 9.50 - 11.00 Apply Now
L&T Housing Finance 9.50 onwards Apply Now
LIC Housing Finance 9.50 - 11.55 Apply Now
Godrej Housing Finance 9.75 onwards Apply Now
Indiabulls Finance 9.75% p.a. onwards Apply Now
Tata Capital 10.10 onwards Apply Now
Bajaj Housing Finance 9.75 - 18.00 Apply Now
Punjab National Bank 10.40 - 12.75 Apply Now
loan property image

Apply for Loan Against Property at Attractive Interest Rates

Apply Now

What is Loan Against Property EMI?

An EMI is the fixed amount you pay every month, which includes both the principal amount and the interest, until you've paid off the entire loan. At first, most of your EMI goes towards paying the interest, but as time goes on, more of it goes towards paying off the actual loan amount.

Knowing your EMI upfront helps you figure out how much loan you can afford based on your finances. The interest rate on the loan against property is a big factor in determining your EMI. Different banks and financial institutions offer different interest rates for these loans.

What are the Benefits of Using the LAP EMI Calculator? offers a free Loan Against Property EMI calculator, allowing you to determine the monthly installment for your loan. This tool aids in making informed decisions when applying for a LAP. Here are some advantages of using MybankingTips LAP EMI Calculator:

  • 24/7 Access: The calculator is available round the clock on the MybankingTips website, allowing you to use it anytime. It also offers a breakdown of the total payment through an Amortization Schedule.
  • Easy-to-use: This tool is user-friendly. Simply input your loan details to see the results instantly.
  • Instant results: The Loan Against Property calculator provides quick results, saving you from complex calculations.
  • Different combinations: You can experiment with various combinations of the principal amount, interest rate, and tenure to find an EMI that fits your needs and budget. You can calculate your EMI multiple times.
loan property image

Check Pre-Approved Loan Against Property Offers

Apply Now

Factors Affecting LAP EMI Calculation

The three main factors that determine EMIs are:

  • Tenure: The length of time you have to repay the mortgage loan depends on your current age and retirement age. Longer tenures result in smaller EMIs.
  • Principal amount: This is the loan amount you borrow from the bank or financial institution, based on the value of the property you're mortgaging. Higher loan amounts mean higher EMIs.
  • Rate of interest: The interest rate is crucial in determining how easy it is to repay the loan. Higher rates might limit the loan amount or extend the tenure, while lower rates allow for larger loans and easier prepayment. Interest rates depend on factors like the type of property, borrower's profile, and credit score. Different banks and housing finance institutions offer different rates, which can be fixed or floating throughout the loan tenure.
loan property image

Check Loan Against Property Interest Rates For Various Lenders

Apply Now

How to Use MybankingTips LAP EMI Calculator

To use the MybankingTips Loan Against Property EMI Calculator, follow these steps:

  1. Enter the principal amount of the loan you want to borrow.
  2. Input the interest rate offered by the provider.
  3. Specify the tenure, or the length of time over which you plan to repay the borrowed amount.

Once you've provided all the necessary details, the calculator will display the EMI amount you need to pay. You can experiment with different tenures to find the one that best fits your budget.

loan property image

Apply for Loan Against Property at Attractive Interest Rates

Apply Now