Bajaj Housing Finance Loan Against Property Balance Transfer EMI Calculator

The Loan Against Property Balance transfer EMI calculator, available on Finserv MARKETS is a feature lets you compute out the EMI amount that you must pay for a loan amount provided to you.

** The above charges are excluding taxes
* Placeholder for disclaimers on Interest and Charges page
 **These are indicative and subject to change at the discretion of lender/ without prior notice.

How to Use Bajaj Housing Finance Loan Against Property Balance Transfer EMI Calculator

Calculator Follow these basic steps to use Bajaj Housing Finance Loan Against Property Balance Transfer EMI Calculator

  1. Enter the principal amount that you wish

  2. Enter the repayment tenure (in months)

  3. Enter the rate of interest that is offered for your desired loan amount.

  4. Enter these value and get your EMI amount.

Bajaj Housing Finance Loan Against Property Amortization Calculator

Consider you have availed Rs. 10 Lakhs as the loan amount, at 10% rate of interest. Let the repayment tenure be 24 months, then the Amortization schedule will be as follows:

Month

Starting Balance

EMI

Interest rate

Principal contribution

Interest contribution

Ending Balance

1

1,000,000

46145

10

37,812

8,333

962,188

2

962,188

46145

10

38,127

8,018

924,062

3

924,062

46145

10

38,444

7,701

885,617

4

885,617

46145

10

38,765

7,380

846,853

5

846,853

46145

10

39,088

7,057

807,765

6

807,765

46145

10

39,414

6,731

768,351

7

768,351

46145

10

39,742

6,403

728,609

8

728,609

46145

10

40,073

6,072

688,536

9

688,536

46145

10

40,407

5,738

648,129

10

648,129

46145

10

40,744

5,401

607,385

11

607,385

46145

10

41,083

5,062

566,302

12

566,302

46145

10

41,426

4,719

524,876

13

524,876

46145

10

41,771

4,374

483,105

14

483,105

46145

10

42,119

4,026

440,986

15

440,986

46145

10

42,470

3,675

398,516

16

398,516

46145

10

42,824

3,321

355,692

17

355,692

46145

10

43,181

2,964

312,511

18

312,511

46145

10

43,541

2,604

268,970

19

268,970

46145

10

43,904

2,241

225,067

20

225,067

46145

10

44,269

1,876

180,797

21

180,797

46145

10

44,638

1,507

136,159

22

136,159

46145

10

45,010

1,135

91,149

23

91,149

46145

10

45,385

760

45,763

24

45,763

46145

10

45,764

381

0

Frequently Asked Questions

  • ✔️How will the Equated Monthly Installments (EMIs) be calculated on my loan against property?

    All EMIs consist of 2 parts. The first being the repayment of the principal amount that has been borrowed. The second is the interest that has been charged on the borrowed principal amount. Accordingly, your EMI is calculated based on 3 factors – The amount borrowed (principal amount), the tenure of repayment, the interest rate charged on the principal amount.

  • ✔️How can I bring my EMI amount down?

    EMI amounts will decrease if there is a drop in the interest rate charged. You can also pro-actively bring down the EMI amount by making partial pre-payments of the borrowed principal amount.

  • ✔️How can I increase the amount of EMI, I pay during the tenor of my loan?

    You can easily increase the amount you pay in EMIs by visiting our Customer Portal.

  • ✔️What is an amortization schedule?

    An amortization schedule is a table giving the reduction of your loan amount by monthly installments. The amortization schedule gives the break-up of every EMI towards repayment of interest and the outstanding principal of your loan.

  • ✔️What is negative amortization?

    When interest rates go up, the interest component of an EMI also goes up. The EMI is kept constant but will result in a lower principal component. If the rates move up continuously, then there might be a situation where the interest Component becomes more than the EMI. In such a situation, principal component (EMI minus interest component) gives a negative figure. Consequently, the outstanding balance, instead of being reduced from the opening principal with the principal component, gets increased with the negative principal component. This is commonly referred to as negative amortization. A loan where the amortization is negative does not get repaid, since the regular payments are insufficient to cover the interest component. The unpaid interest gets added to the principal and makes it grow. The situation gets reversed only when interest rates start falling. In this situation, the customer has to part-prepay the loan amount, increase the EMI of the loan, or do both.

  • ✔️How does any rate change impact the loan amortization schedule?

    In case of a loan with a floating interest, the interest component is subject to change. When the rates change, one of the following two changes can be done to a loan: 1. The term of the Loan is extended (when rates go up) or contracted (when rates go down). 2. The EMI amount is reset (increased in case rates go up & reduced in case rates come down). As a practice, the term of the loan is extended since the customer might have given post-date cheques and it would be difficult to replace them on every rate change. However, in case of under construction properties, the Pre-EMI amount is increased by default. You can choose any of the above options according to your convenience. The default option is to change the EMI to match the balance tenure of a loan.

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