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Property Loan EMI Calculator by Balloon Payment
EMI
Balloon Payment
Reducing Balance
Interest First
Deferred Payment
Loan Amount
Loan Tenure
Year
Month
Rate of Interest
%
Balloon Payment
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Share
EMI
13314
Interest
697700
Principal
1000000
Total
1697700
697 K
(6 Lac)
10
Year
1,000,000
475 K
(4 Lac)
Year
Original
Reduced
𝒊
13314
will be
EMI
for
1000000
(1 m/10 Lac)
Loan Amount
for
10
Year
Loan Tenure
at
11.00%
Rate of Interest
.
How to Reduce Interest/ Tenure?
Pay
0
1
2
3
4
5
Extra EMI every year.
𝒊
Increase EMI by
0
2
3
5
7
10
15
20
% every year.
𝒊
Pay Lump-Sum
0
(10 K)
(20 K)
(30 K)
(40 K)
(50 K)
(60 K)
(70 K)
(80 K)
(90 K)
(100 K)
in
0
1
2
3
4
5
year.
𝒊
Recalculate
Share
Loan
Tenure
Interest
Original
10 year
697700
Reduced
6 year
9 months
475479
Saved
3 year
3 months
222221
Loan Payment Schedule
2000
2001
2002
2003
2004
2005
2006
2007
2008
2009
2010
2011
2012
2013
2014
2015
2016
2017
2018
2019
2020
2021
2022
2023
2024
Original
Reduced
Balloon Payment
261 K
(2 Lac)
195 K
(1 Lac)
130 K
(1 Lac)
65 K
0
-
-
-
-
-
2024
2029
2033
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Property Loan EMI by Balloon Payment
A Property Loan EMI by Balloon Payment involves making smaller, regular payments throughout the loan term, with a large lump sum, or balloon payment, due at the end. This structure results in lower monthly payments during the loan period but requires planning for the substantial final payment needed to fully repay the loan. The final balloon payment typically represents the remaining principal balance of the loan. Plan your property investments smartly with our Property Loan EMI Calculator by Balloon Payment. Break down your monthly payments, interest, and principal to manage your loan and secure your dream property.
Calculate Property Loan EMI by Balloon Payment
Enter loan details including loan amount, interest rate, tenure, choose months or years, and balloon payment amount to calculate property loan EMI by balloon payment.
Click Calculate to view your initial property loan EMI breakdown.
Customize payment options with three inputs to help you manage your property loan EMI.
Select a number of extra EMIs per year.
Increase EMIs by a percentage.
Select lump sum payment in a specific year.
Adjust inputs as needed and click Recalculate to update your property loan EMI tenure and interest dynamically.
Balloon Payment EMI formula
To calculate Property Loan EMI, use the Balloon Payment EMI formula for precise results. This calculation helps you understand your repayment obligations clearly.
E
M
I
=
(
P
-
B
(
1
+
r
)
n
)
×
r
1
-
(
1
+
r
)
-
n
EMI
= Equated Monthly Installments
P
= loan amount.
B
= balloon payment at the end of the tenure.
r
= monthly interest rate.
n
= total number of monthly installments.
Eligibility Criteria for Property Loan EMI by Balloon Payment
Property Ownership:
Applicants must have legal ownership or co-ownership of the property mortgaged as collateral.
Income Stability:
Borrowers must show a stable income source, such as salaried, self-employment, or rental earnings, to meet repayment obligations.
Creditworthiness:
A good credit history and score are essential for loan approval, as lenders assess repayment ability.
Loan-to-Value Ratio:
Lenders may set a maximum loan-to-value ratio, determining the percentage of the property's value that can be financed. This ensures sufficient collateral coverage for the loan. Understanding your property loan EMI by balloon payment and property loan EMI can aid in effective financial planning.
Property Loan EMI Calculator by Balloon Payment FAQ
How does a Balloon Payment EMI differ from a regular EMI?
A balloon payment EMI involves making smaller, regular payments during the loan term, with a large lump sum payment due at the end. Regular EMI types involve equal payments of principal and interest throughout the loan term, with no large final payment required.
How does a Property Loan EMI by Balloon Payment benefit borrowers?
Property loan EMI by balloon payment features lower monthly payments by covering primarily interest costs during the loan period. This reduced monthly obligation improves cash flow management, enabling borrowers to allocate funds to other investments or financial priorities.
What are the risks or drawbacks of a Property Loan EMI by Balloon Payment?
Property loan EMI by balloon payment requires a substantial final payment, which can be a financial burden if borrowers cannot repay the full principal. Economic or market fluctuations might impact their ability to make this payment if financial circumstances change unexpectedly.
×
How extra EMI(s) help?
At the end of the year, you can pay extra EMIs out of your savings. This extra EMI payment will go towards your Loan Amount and save you on the interest as well as tenure of the loan.
Payment
Tenure
Interest
Current
10 year
697700
1 Extra EMI/ year
9 year
▶ 1 year
602484
▶ 95216
2 Extra EMI/ year
8 year
▶ 2 year
533106
▶ 164594
3 Extra EMI/ year
7 year
▶ 3 year
478963
▶ 218737
How increasing EMI helps?
As your income increases each year, you can get your EMI increased from the bank. This allows you to allocate more funds towards paying off the loan amount and save you on the interest as well as tenure of the loan.
Payment
Tenure
Interest
Current
10 year
697700
Increase EMI by 1%
10 year
▶ 0 year
661388
▶ 36312
Increase EMI by 3%
9 year
▶ 1 year
604193
▶ 93507
Increase EMI by 5%
8 year
▶ 2 year
562236
▶ 135464
How Paying Lumpsum Amount helps?
If you receive unexpected income, such as a bonus or tax refund, consider making a lump-sum payment on your loan. This can help reduce the outstanding loan amount and save you on the interest as well as tenure of the loan.
Payment
Tenure
Interest
Current
10 year
697700
Pay 10% in 2nd year
9 year
▶ 1 year
560073
▶ 137627
Pay 20% in 3rd year
8 year
▶ 2 year
494795
▶ 202905
Pay 30% in 4th year
7 year
▶ 3 year
478011
▶ 219689
How to Reduce Interest/ Tenure?
Making early payments towards Principal amount can reduce your Interest and/ or Tenure.
1. How extra EMI(s) help?
At the end of the year, you can pay extra EMIs out of your savings. This extra EMI payment will go towards your Loan Amount and save you on the interest as well as tenure of the loan.
2. How increasing EMI helps?
As your income increases each year, you can get your EMI increased from the bank. This allows you to allocate more funds towards paying off the loan amount and save you on the interest as well as tenure of the loan.
3. How Paying Lumpsum Amount helps?
If you receive unexpected income, such as a bonus or tax refund, consider making a lump-sum payment on your loan. This can help reduce the outstanding loan amount and save you on the interest as well as tenure of the loan.
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