₹1 Crore Loan Against Property

A ₹1 Crore loan against property can help you cover major financial requirements such as business expansion, medical needs, or personal obligations. Selecting the right tenure and interest rate is essential to keep your EMIs affordable and manage your overall repayment comfortably.

For example:
If you opt for a ₹1 Crore loan against property at 8.99% p.a. for 15 years, your EMI will be around ₹1,01,367. Over the entire tenure, you will pay approximately ₹82,46,092 in interest, bringing the total repayment to about ₹1,82,46,092.

The EMI for a ₹1 Crore loan against property varies based on the repayment tenure you choose. The table below shows estimated EMIs for tenures between 5 and 30 years, calculated at an assumed interest rate of 8.99% p.a.

The EMI and total interest payable on a ₹1 Crore loan against property depend mainly on the repayment tenure. Shorter tenures lead to higher monthly EMIs but lower overall interest, while longer tenures reduce EMIs but increase the total interest paid.

At an interest rate of 8.99% p.a., the EMI and total repayment change with the chosen tenure. The tables below show how the amounts differ for 5, 10, 15, 20, 25, and 30-year terms.

₹1 Crore Loan Against Property EMI for 5 Years

The table below provides the total interest charges and total payable amount for a ₹1 Crore loan against property EMI for 5 years:

A 20-year tenure is beneficial as it divides the total payable amount into smaller, more manageable instalments for easier repayment. 

The table below outlines the monthly instalment, total interest, and total payable amount for a 20-year period at an annual interest rate of 9.50%:

Disclaimer: The figures mentioned in the above table are indicative. It is imperative to check the actual payable EMIs before applying.

Calculate your loan against property EMI using the given formula:

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

Where:

• P = Loan amount
• R = Monthly interest rate (Annual interest rate ÷ 12 ÷ 100)
• N = Loan tenure in months

For example, if you borrow ₹1 Crore from Bajaj Markets at an annual interest rate of 8.99% for 46 months, your EMI will be around ₹2,48,803. The total interest payable will be approximately ₹19,42,541, bringing the total repayment amount to ₹1,19,42,541.

To simplify this calculation, you can use a loan against property EMI calculator.

On Bajaj Markets, you can easily compare interest rates and terms from top lenders. Below is a table showing the estimated EMI for a ₹1 Crore loan against property with a 6-year tenure. It also highlights the total interest payable based on each lender’s minimum interest rate.