Visual EMI Calculator
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Property Loan EMI Calculator
EMI
Reducing Balance
Interest First
Deferred Payment
Balloon Payment
Loan Amount
Loan Tenure
Year
Month
Rate of Interest
%
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Share
EMI
13775
Interest
653000
Principal
1000000
Total
1653000
653 K
(6 Lac)
10
Year
1,000,000
455 K
(4 Lac)
Year
Original
Reduced
𝒊
13775
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
653000
Reduced
6 year
11 months
455159
Saved
3 year
1 month
197841
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
248 K
(2 Lac)
186 K
(1 Lac)
124 K
(1 Lac)
62 K
0
-
-
-
-
-
2024
2029
2033
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Property Loan EMI
A Property Loan EMI Calculator is an easy-to-use tool that helps you estimate your monthly EMI (Equated Monthly Installment) based on the loan amount, interest rate, and tenure. This tool allows you to understand how different factors, like adjusting the loan tenure or changing the interest rate, can impact your EMI. It helps you plan your budget and manage your property loan repayments effectively, making it easier to assess various loan options and repayment strategies.
Calculate Property Loan EMI
To calculate property loan EMI enter loan details including loan amount, interest rate, tenure and choose months or years.
Click Calculate to view your initial loan breakdown.
Customize payment options with three inputs.
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 tenure and interest dynamically.
Eligibility Criteria for Property Loan EMI
Property Ownership:
Applicants must have legal ownership or co-ownership of the property being mortgaged, which serves as collateral for the loan.
Income Stability:
Lenders typically require borrowers to demonstrate a stable source of income to ensure they can meet the repayment obligations. This may include salaried income, self-employment earnings, or rental income from existing properties.
Creditworthiness:
A good credit history and score are essential for loan approval. Lenders assess the borrower's creditworthiness to determine their ability to repay the loan on time, which impacts the property loan EMI.
Loan-to-Value Ratio:
Lenders may impose a maximum loan-to-value ratio, which determines the percentage of the property's value that can be financed through the loan. Meeting this requirement ensures sufficient collateral coverage for the loan amount and influences the property loan EMI calculation.
Property Loan EMI Calculator FAQ
Can I adjust my Property Loan EMI during the loan tenure?
Yes, you can adjust your property loan EMI by making extra payments, paying lump-sum amounts, or increasing your EMI annually. These adjustments can help reduce the overall interest and shorten the loan tenure, making it easier to manage your property loan repayments.
How can I qualify for a property loan?
To qualify for a property loan, you generally need to have legal ownership or co-ownership of the property being mortgaged, demonstrate a stable source of income, and have a good credit history. Additionally, lenders assess the loan-to-value ratio to ensure adequate collateral coverage for the loan amount.
What factors affect my Property Loan EMI?
Your Property Loan EMI is influenced by several factors, including the loan amount, interest rate, and loan tenure. Changes in these variables can impact your monthly payments. Using a Property Loan EMI Calculator can help you understand how adjustments to these factors will affect your EMI and overall repayment schedule.
×
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
653000
1 Extra EMI/ year
9 year
▶ 1 year
567826
▶ 85174
2 Extra EMI/ year
8 year
▶ 2 year
504745
▶ 148255
3 Extra EMI/ year
8 year
▶ 2 year
455746
▶ 197254
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
653000
Increase EMI by 1%
10 year
▶ 0 year
621833
▶ 31167
Increase EMI by 3%
9 year
▶ 1 year
572868
▶ 80132
Increase EMI by 5%
8 year
▶ 2 year
535579
▶ 117421
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
653000
Pay 10% in 2nd year
9 year
▶ 1 year
529226
▶ 123774
Pay 20% in 3rd year
8 year
▶ 2 year
472778
▶ 180222
Pay 30% in 4th year
8 year
▶ 2 year
461230
▶ 191770
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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