Schedule showing EMI payments starting from
(A + B)
|Balance||Loan Paid To Date|
Having a property proves beneficial both ways-it is an important asset as well as can be used to get loan against it. The property that you currently have can be used to buy more properties or for the other use. However, it is important to calculate the EMI that will be applicable to you based on the rate of interest.Here are the few factors that determine Loan against Property EMI CalculatorOutput Loan amount-EMI will be higher if the loan amount is higher, according to the loan against property calculator.Rate of interest-Lower the loan interest rate, lower the EMI.Tenure-The EMI is lesser if the tenure of the loan is longer. Generally, tenure for loan against property ranges from minimum 5 years to 18 years. Loan application is a long process. It differs according to the bank. EMI on LAP is a later part. This calculator will help you to understand your approximate EMI depending on the loan that you have opted for.