Property Loan EMI Calculator

Loan		1 m/10 Lac
Tenure
Interest	%

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EMI

13,775

Interest

653,000

Principal

1,000,000

Total

1,653,000

653 K
(6 Lac)

10 Year

1,000,000

455 K
(4 Lac)

Year

Original

Reduced 𝒊

How to Reduce Interest/ Tenure?

Pay Extra EMI every year. 𝒊
Increase EMI by % every year. 𝒊
Pay Lump-Sum in year. 𝒊

Loan Summary
Loan start year
Tenure reduced	3 year 1 month
Interest saved	197,841

Loan Summary

Loan start year

Tenure reduced

3 year 1 month

Interest saved

197,841

Loan Payment Schedule

Original Reduced

248 K
(2 Lac)

186 K
(1 Lac)

124 K
(1 Lac)

62 K

2024

2029

2033

Balloon Payment

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	653,000
1 Extra EMI/ year	9 year ▶ 1 year	567,826 ▶ 85,174
2 Extra EMI/ year	8 year ▶ 2 year	504,745 ▶ 148,255
3 Extra EMI/ year	8 year ▶ 2 year	455,746 ▶ 197,254

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	653,000
Increase EMI by 1%	10 year ▶ 0 year	621,833 ▶ 31,167
Increase EMI by 3%	9 year ▶ 1 year	572,868 ▶ 80,132
Increase EMI by 5%	8 year ▶ 2 year	535,579 ▶ 117,421

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	653,000
Pay 10% in 2nd year	9 year ▶ 1 year	529,226 ▶ 123,774
Pay 20% in 3rd year	8 year ▶ 2 year	472,778 ▶ 180,222
Pay 30% in 4th year	8 year ▶ 2 year	461,230 ▶ 191,770

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?

3. How Paying Lumpsum Amount helps?