Calculate Your Personal Loan EMI
EMI Payment Schedule
| Year | Principal paid yearly (A) |
Interest paid yearly (B) |
Total Payment (A + B) |
Balance | Loan Paid To Date |
|---|
What is Loan Against Property EMI?
Loan Against Property EMI (Equated Monthly Installment) is the fixed monthly payment you make to repay a loan secured against your property. It includes both the principal loan amount and the interest charged by the lender. Calculating your EMI helps you plan your finances and choose a loan amount and tenure that suits your needs.
How is Loan Against Property EMI Calculated?
Loan Against Property EMI is calculated using the following formula:
EMI = [P × r × (1 + r)^n] / [(1 + r)^n - 1]
Where:
- P = Principal loan amount
- r = Monthly interest rate (Annual rate ÷ 12)
- n = Number of monthly installments (tenure in months)
Key Features of Loan Against Property at LoanFatafat
Quick Approval
Get loan approval within hours with minimal documentation and a seamless digital process.
Competitive Interest Rates
Attractive interest rates starting from 9.5% per annum with flexible repayment options.
High Loan Amount
Avail loans up to ₹20 crores based on your property value and credit profile.
Long Tenure
Choose repayment tenure up to 15 years to make your monthly EMIs affordable.
Transparent Pricing
No hidden fees or charges. Full transparency in loan terms and conditions.
Fast Disbursal
Funds disbursed to your account within 48-72 hours of approval for a hassle-free experience.
Loan Against Property Interest Rates Comparison
| Loan Amount | Interest Rate Range | Processing Fee | Max Tenure |
|---|---|---|---|
| ₹10,00,000 - ₹50,00,000 | 9.5% - 11.5% | Up to 1.5% | 10 Years |
| ₹50,00,001 - ₹1,00,00,000 | 9.7% - 12% | Up to 1% | 12 Years |
| ₹1,00,00,001 - ₹5,00,00,000 | 10% - 12.5% | Up to 0.8% | 15 Years |
| ₹5,00,00,001 - ₹20,00,00,000 | 10.5% - 13% | Up to 0.5% | 15 Years |
Factors Affecting Your Loan Against Property EMI
1. Credit Score
A high credit score (750+) can secure lower interest rates, reducing your EMI. Lower scores may lead to higher rates or loan rejection.
2. Property Value
The loan amount depends on the market value of the property. Lenders typically finance up to 50-60% of the property's value.
3. Income and Employment
Stable income and employment history influence loan eligibility and interest rates. Higher income allows for larger loan amounts.
4. Debt-to-Income Ratio
A lower debt-to-income ratio increases your chances of securing competitive rates and higher loan amounts.
5. Loan Tenure
Longer tenures reduce monthly EMIs but increase total interest paid. Shorter tenures increase EMIs but save on interest.
Tips to Reduce Your Loan Against Property EMI
1. Improve Your Credit Score
Pay EMIs and credit card bills on time, reduce credit utilization, and clear outstanding debts to improve your score.
2. Compare Lenders
Evaluate interest rates, processing fees, and terms from multiple lenders to find the most cost-effective loan.
3. Negotiate Rates
Leverage a high credit score or valuable property to negotiate better interest rates with your lender.
4. Opt for Longer Tenure
Choose a longer tenure to reduce monthly EMIs, but be mindful of the higher total interest paid over time.
5. Make Prepayments
Use surplus funds to prepay your loan, reducing the principal and EMI burden.
Ready to Apply for Your Loan Against Property?
Unlock the value of your property with competitive interest rates starting from 9.5% per annum. Apply now for instant approval and fast disbursal!
Apply Now - Get Instant ApprovalFrequently Asked Questions
Get answers to common questions about loans against property
- Age: 21-65 years for salaried and self-employed individuals
- Income: Minimum monthly income of ₹30,000 for salaried; stable business income for self-employed
- Employment: At least 1 year with current employer for salaried; 3 years in business for self-employed
- Credit Score: Preferably 750+ for better rates
- Valid KYC documents: PAN card, Aadhaar card, address proof, and property documents
- Property: Clear title and marketable residential or commercial property
- Identity & Address Proof: Aadhaar Card, PAN Card, Voter ID/Passport/Driving License, and utility bills (not older than 3 months).
- For Salaried Individuals: 3 months' salary slips, 6 months' bank statements, Form 16 or ITR for the last 2 years.
- For Self-Employed Individuals: 2 years' ITR, 6 months' bank statements, business registration proof, or GST registration.
- Property Documents: Title deed, property tax receipts, approved building plan, and encumbrance certificate.