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Shakthi Loan Against Property Calculator

The texts on this website have been translated using an automated translation tool and its accuracy cannot be guaranteed. We recommend referring to the English version of the content for the most precise information. In the event of any disputes or inconsistencies, the contents in the English language shall be considered final and binding. IIFL HFL disclaims any liability or responsibility in this matter.
200000 1000000
Months
12 84
%
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Loan EMI
₹15,861
  • org org   Interest
    ₹80,672
  • org org   Principal
    ₹3,00,000
  • org org   Total
    ₹3,80,672
 

Shakthi Loan Against Property EMI Calculator

Shakthi Loan Against Property EMI calculator is used to estimate the Equated Monthly Instalments (EMIs) for a Loan Against Property. This calculator will help you to plan your expenses by offering a clear picture of the monthly repayment obligations.

To use the Loan Against Property EMI Calculator, you will be required to input details like loan amount, interest rate, and loan tenure. Once the information is entered, the calculator processes the data and generates an approximate EMI amount.

Shakthi Loan EMI is calculated based on a combination of multiple factors like principal amount, interest rate, and loan tenure, using a specific formula as follows:

EMI = [P x R x (1+R)^N] / [(1+R)^N - 1]

Where,

  • EMI: Equated Monthly Instalment
  • P: Principal Amount
  • R: Interest rate per month
  • N: Number of monthly instalments or loan tenure in months.

To make this manual calculation easier and avoid errors, you can utilise the Shakthi Loan Calculator, a free tool provided by IIFL Home Loan.

How to use Shakthi LAP EMI Calculator?

Shakthi LAP calculator is a computation tool introduced by IIFL Home Loans to give you an exact EMI you will be paying. To use it, simply fill in the details listed on Calculator page such as loan amount, tenure and interest rate in the home loan eligibility calculator to know the monthly repayment amount.

LAP Loan Calculator allows you to input the required details and obtain an accurate EMI amount instantly, without the need for manual calculations.

Benefits of using Shakthi LAP EMI Calculator

Eligibility Details

LAP EMI Calculator brings you a comfort while calculating the EMI amount, which otherwise is a complex and tedious task. Understand the benefits of the loan against property calculator:

  • It will speed up the calculation process
  • Helps in planning your expenses and assessing your loan application better
  • Offers an easy comparison of loan amount, tenure, interest rate
  • Adjust your loan amount accordingly to understand the computed EMI
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