Calculate Loan Against Property EMIs
Loan Against Property EMI Calculator
A Loan Against Property may be termed as a Mortgage Loan since to avail an LAP, you need to mortgage your property to cover risk of non-payment or default in repayment of the funds borrowed. For any lender to approve such a borrowing, the lender will first analyse your personal and financial profile, which will include criteria such nationality, age, occupation, income, and market value of the collateral you are willing to keep. A mortgage loan calculator then calculates the financial implications of such a loan based on certain parameters based on eligibility criteria to enable approval of your Mortgage Loan.
How's a Home Loan EMI Calculated
You may calculate your LAP EMI by dividing the period of your loan in months after putting together your Principal Loan Amount, and the Interest Payable on the Amount. Below is the LAP EMI Calculation Formula:
EMI = [ P x R x ( 1 + R ) ^ N ] / [ ( 1+R ) ^ N – 1 ]
Where:
P = Principal Loan Amount
R = Interest Rate per month
N = Period Of Loan in months
An automated Pay U Loans Loan Against Property Calculator, features:
Easy to Use
Automated Process
Saves Time
Precise and Result Oriented
Helps LAP or Mortgage Loan Planning
Follow these steps to Calculate EMI.
1. Loan Against Property Amount
Move the slider to indicate your preferred Loan Amount2. Interest Rate
Choose the preferred Rate of Interest3. Loan Tenure
Specify your preferred loan tenure in months4. View Results
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Loan EMI
This figure will indicate the EMI Amount Payable -
Total Interest Payable
This field will display the Total Amount of Interest Payable -
Total Payment
The Total Loan Repayment Amount displayed will be Principal plus Interest
