Loan Against Property EMI Calculator

Using the Loan Against Property EMI calculator on Bajaj Markets is quick and easy. Simply follow these steps:

1. Enter Loan Amount: Specify the loan amount you wish to borrow against your property

2. Select Loan Tenure: Choose the repayment period in months

3. Add Interest Rate: Enter the applicable loan interest rate

The calculator instantly shows your EMI, total interest payable, and overall repayment amount. You can also adjust the loan amount, interest rate, and tenure to compare options and choose an EMI plan that best fits your budget.

You can easily calculate your loan against property EMI online using the LAP EMI calculator available on Bajaj Markets. Simply enter the loan amount, tenure, and interest rate to get an instant estimate of your EMI, total interest payable, and overall repayment amount.

You can also calculate the loan against property EMI using the following standard formula:

EMI = [P × R × (1+R)^N] / [(1+R)^N – 1]

Where:

• P = Principal loan amount

• R = Monthly interest rate (annual interest rate ÷ 12 ÷ 100)

• N = Loan tenure in months

Example:
Suppose you take a loan of ₹20 Lakhs against property at an annual interest rate of 10% for 10 years (120 months).

• P = ₹20 Lakhs

• R = 10% p.a.

• N = 120 months

Using the formula, the EMI comes to around ₹26,430 per month. This means you will pay a total of about ₹31,71,617 over the loan period, out of which ₹11,71,617 will be interest.

Using the Bajaj Markets Loan Against Property EMI calculator makes loan planning simple, accurate, and hassle-free. Here are some of the key benefits:

• Provides real-time EMI calculations instantly and accurately

• Eliminates manual errors with automated results

• Allows easy comparison of different loan amounts, rates, and tenures

• Helps in better financial planning with clear monthly obligations

• Simple and user-friendly interface for all individuals

• Offers accurate insights into repayment structures and loan management

Your loan against property EMI is influenced by three main factors

• Loan Amount: Larger loan amounts increase EMIs, while smaller amounts reduce them

• Repayment Tenure: Longer tenures lower monthly EMIs but increase overall interest, while shorter tenures mean higher EMIs with faster repayment

• Interest Rate: Lower rates make EMIs more affordable, whereas higher rates increase your repayment burden

When planning your loan against property EMI, keep these factors in mind to manage repayments effectively

• Higher loan amounts increase EMIs since interest is calculated on the borrowed principal

• Longer tenure reduces monthly EMIs but raises the total interest paid

• Even a small change in rate significantly affects your EMI and overall repayment

• Choose an EMI that fits comfortably within your monthly income to avoid financial strain