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# Bajaj Housing Finance Loan Against Property Balance Transfer EMI Calculator

Minimal Paperwork | Swift Approval | Affordable Interest Rates

## 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.

### EMI term

₹ 5,000 ₹ 5,000
• Total amount payable
₹ 5,000 ₹ 5,000
• Interest rate
₹ 8.99% ₹ 8.01%
• Total interest
₹ 8.99% ₹ 8.01%
• Total interest
₹ 5,000

### EMI term

₹ 5,000 ₹ 5,000
• Total amount payable
₹ 5,000 ₹ 5,000
• Interest rate
₹ 8.99% ₹ 8.01%
• Total interest
₹ 8.99% ₹ 8.01%
• Total interest
₹ 5,000
01 ₹ 4,80,000 ₹ 50,000 8.5% ₹ 50,000 ₹ 50,000 ₹ 50,000

## 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

• ### ✔️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 tenure 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.