Loan Against Property Calculator
Loan Against Property Calculator
Residents can avail themselves of the loan at affordable interest rates by keeping their residential or commercial property as collateral against the amount being lent. The papers of the loan against property calculator mortgaged, and its legal ownership remain with the bank unless the entire loan is paid or cleared. The loan amount can be used for both personal and business requirements including debt consolidation, business expansion, and medical emergencies.
If you have a fear of losing your assets. If you are not able to make yourself prepare for the loan against property, you can use the loan against calculator to calculate your EMI (Equated Monthly Installment). Calculating the EMIs of a Loan Against Property (LAP) manually is a challenging task as the calculation is lengthy and there is a high chance of errors. Therefore, use our mortgage calculator to arrive at an accurate EMI amount instantly.
The loan against property EMI calculator uses the following formula:
EMI = [P x R x (1+R) ^N]/[(1+R) ^N-1]
In this formula:
- P stands for the principal amount of loan one borrows
- R stands for the applicable rate of interest
- N is for loan tenor or the number of EMIs to be paid
Advantage of the loan against property calculator
Quick Results: you can find your EMI amount within seconds.
Easy-to-Use: The loan against property (LAP) EMI calculator is a simple tool and easy to use.
Different Combinations: Use the Property Loan EMI calculator to test different combinations of the principal loan amount, tenor, and rate of interest, and get a monthly instalment amount that can fit in your budget
24*7 Available: The Loan EMI calculator is available 24*7 and can be accessed on the Financeseva website.
