Shakthi Loan Against Property EMI Calculator

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Enter Loan Amount

₹

Please enter a valid number.

₹ 2 Lac ₹ 7 Lac

Select Tenure (months)

months

Please enter a valid number.

24 months 84 months

Select Interest Rate

%

Please enter a valid number.

22% 22%

Monthly EMI ₹8,286

Total Amount Payable ₹4,97,140

Monthly EMI ₹8,286

Interest

₹1,97,140

Principal Amount

₹3,00,000

Total Amount Payable

₹4,97,140

Monthly EMI

₹8,286

Shakthi Loan Against Property EMI Calculator

Shakthi Loan Against Property EMI Calculator helps you estimate your 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, enter details like loan amount, interest rate, and loan tenure. Once done, 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 utilize the Shakthi Loan Calculator, a free tool provided by IIFL Home Loan.

How to use Shakthi LAP EMI Calculator?

Shakthi LAP calculator is an online tool introduced by IIFL Home Finance to give you the exact EMI you will be paying. To use it, simply fill in the details listed on the 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 manual calculations.

Benefits of Shakthi LAP EMI Calculator

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

Process

Speed up the calculation process

Loan application

Help in planning your expenses and assessing your loan application better

Loan offers

Offers an easy comparison of loan amount, tenure, interest rate

Monthly EMI

Adjust your loan amount accordingly to understand the computed EMI

Frequently Asked Questions (FAQ’s)

A Loan Against Property EMI calculator is a financial tool that helps you determine your EMI based on your loan amount, interest rate, and tenure. It simplifies the loan planning process, making it easier to manage your finances.

No, but the LAP EMI calculator will show you the interest that will be accrued on your Loan.

No, it is completely free.

Manual computation of the EMI can often prove confusing and complicated. That is why IIFL Home Finance has introduced a loan against property EMI calculator; a computing tool to make your life easier. It computes the exact EMI you have to pay by taking in factors such as loan tenure, the market valuation of property, and interest rate.