Loan Against Property EMI Calculator
Loan Against Property EMI Calculator
Your property can help you fulfil your personal and business needs. Apply for
loan against property with Kotak Mahindra bank at attractive interest rates.

Your property can help you fulfil your personal and business needs. Apply for
loan against property with Kotak Mahindra bank at attractive interest rates.
If you are planning to take a loan against your property (LAP), you will find the EMI calculator particularly helpful.
An EMI calculator for loan against property will consider factors like the market valuation of your property, the loan tenure, and the interest rate, among others, to derive the monthly installment you will be required to pay on required to pay on loan against property.
Prior knowledge of your interest expense can help you adjust your loan application accordingly. Leverage the EMI calculator for LAP to start with your loan application.
Here are few things you need to consider while computing your EMI on loan against property:
The higher your property’s valuation, the more you can secure via loan.
While applying for the loan, bear in mind that with Kotak Mahindra Bank, you can raise up to 80% of the property’s cost as your loan principal. This rate is up to 60% for most Indian banks.
Your LAP would have a longer payment cycle for high-valued loans and can go up to 20 years with most banks. This factor implies you will have a longer schedule to pay off your debt. What it also means is that you will be paying interest for a longer time.
Therefore, many borrowers choose the overdraft facility, which allows them the flexibility to deposit and withdraw as per their convenience and requirement.
The lender sanctions the LAP on the leverage of collateral. Therefore, there will be a much lower rate of interest than personal loans.
Your monthly EMI is
0 INR
at 8% interest rate for 14 years
EMI calculator for loan against property is a computation tool that allows loan applicants to see how much they would have to pay monthly for a loan against their property as collateral.
The EMI calculator derives the answer based on three crucial factors:
While calculating your EMI, you would have to provide the three most important details — your proposed loan principal or the market valuation of your property, the payment cycle duration, and the preferred rate of interest.
Here is the manual formula to calculate the EMI on your loan against property.
EMI = [P x R (1+R) N]/[ (1+R) N-1]
Wherein,
P is the principal amount
R is the rate of interest
N is the number of installments or periods
Alternatively, click on this link and type in the values mentioned above. We will give you the answer via our quick and smart loan against property EMI calculator.
You can use Kotak Mahindra Bank’s loan against property EMI Calculator to derive your monthly installments. Here is the link to our mortgage loan EMI calculator.
All you have to do is type in the loan amount you want to seek. Make sure that this amount is well-reasoned and within the range of 80% of your property’s market valuation. The next step would be to choose your preferred rate of interest. Post that, you can fill in the loan tenure you are seeking.
Click on “Submit”, and we will give you the answers in a blink! The number derived will be the approximate installment amount.
Please note that factors like your CIBIL Score, age, and the property’s information can influence the final cost.
A LAP Calculator or a mortgage EMI calculator can help you plan your finances and assess your application before submitting it. If the EMI derived seems unsupportable by the current income proofs, you can readjust your loan amount, tenure, or rate of interest.
Three of the most important factors have already been discussed above: the principal amount proposed, the loan tenure, and the interest rate. The applicant’s income proof, work nature, age, and gender are also critical criteria.
The industry standard for mortgage loans is 10-15%. However, with Kotak Mahindra Bank, you get an interest rate of 9.25% onwards on a loan against property.
We request you not to make the interest rate the only basis of your choice. One should make an informed choice knowing all the clauses and fees they may incur throughout a loan tenure.
Here is a link to our loan against property charges.
You can also click on the loan against property eligibility tab to determine your suitability to receive a loan.
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