DCB Bank Loan Against Property (LAP) Calculator

Financial urgency and requirements have always been around. Everyone needs financial assistance at some point or the other. Fortunate are the ones who have an asset in their name that they can use to benefit from. Real estate assets act as a great tool in availing various bank loans and financial services from banks and financial institutions. There are a few well-established private-sector commercial banks that offer an array of financial services with attractive and lucrative benefits for their customers. One such bank is the DCB private sector bank which comes with a great Loan Against Property (LAP) with affordable interest rates, flexible tenures, and feasible loan amounts. In this piece, read about the DCB Bank LAP and the DCB Bank Loan Against Property EMI Calculator, which is a great utility tool for the calculation of monthly expense structure. 

Why Should You Use the DCB LAP EMI Calculator?

While considering taking the DCB Bank LAP product, customers should very well benefit from using a DCB Bank LAP EMI Calculator. This is a great tool that is instrumental in computing real-time outcomes of taking a loan. Here, a user will gain clarity on the following fronts.

• Customers using the DCB Bank Loan Against Property will be able to pre-assess the expense structure. 
• This can be beneficial in anticipating whether or not a particular loan plan is feasible for their needs. 
• Customers can analyse their affordability factor with the help of the DCB Bank Loan Against Property EMI Calculator. 
• More often than not, manual calculations are prone to errors which is a waste of time and effort. With the DCB Bank LAP calculator, one can save time and effort as the tool gives real-time results of the particulars entered. 

Factors Affecting DCB Bank Property Loan EMI

DCB Bank LAP EMIs are always the result of a few factors. The EMIs can fluctuate as per adjustment in the parent factors. Some of the factors that directly and indirectly affect the DCB Bank Loan Against Property are as follows.

• Loan Tenure – The duration of the loan is one of the prime factors that affect DCB Bank Loan Against Property EMI. The longer the duration of the loan, lower the EMI amount. 
• Loan Interest Rate – Interest plays an instrumental role in determining the EMI calculation. As the interest rate increase, the monthly interest payment will also increase.
• Collateral Value – Particularly with the Loan Against Property, the value of the property makes a lot of difference pertaining to the sanctioning of the loan amount. Generally, banks only disburse a certain percentage of the property value which makes the EMIs a variable value as per the amount.   

Comparison of DCB Bank Loan Against Property EMI with other Banks

It will be beneficial for customers to shop around a bit for prevailing interest rates across various banks. This can give them a perspective regarding the interest rates and what works as per their financial capacity. However, it should be noted that some banks might offer lower EMIs but the services and other features may not be ideal for the customer. As DCB Bank Loan Against Property interest rates ranges from 8.25% to 12.72% for salaried persons, 8.70% to 18% for self-employed borrowers, and 12.72% to 20.60% for firms and companies; users can compare the DCB Bank Loan Against Property rates with other banks. Here is a table showing the interest rates offered by various banks.

Name of the Bank	Interest Rate	Loan Amount INR 15 Lakhs	Loan Amount INR 25 Lakhs	Loan Amount INR 50 Lakhs
IndusInd Bank	7% per annum	INR 11,629	INR 19,382	INR 38,765
South Indian Bank	7.50% per annum	INR 12,084	INR 20,140	INR 40,280
Citi Bank	7.95% per annum	INR 12,500	INR 20,833	INR 41,667
HDFC Bank	8% per annum	INR 12,547	INR 20,911	INR 41,822
DBS Bank	8.15% per annum	INR 12,687	INR 21,145	INR 42,290
PNB Housing Finance	8.50% per annum	INR 13,017	INR 21,696	INR 43,391
Bajaj Home Finance	8.10% per annum	INR 12,640	INR 21,067	INR 42,134
South Indian Bank	7.50% per annum	INR 12,084	INR 20,140	INR 40,280
IDFC First Bank	7.00% per annum	INR 11,629	INR 19,382	INR 38,765

DCB Bank Loan Against Property Amortisation Calculator

With the assistance of an amortisation table, customers can accurately forecast the expense structure from their DCB Bank Loan Against Property rates. The DCB Bank LAP Calculator helps create a formal payment pattern that users can use to anticipate what their monthly expenses will include. This can be prudent as future financial planning can be instrumental in smoothly transitioning with a loan in hand.

For example, assume that DCB Bank LAP is offered at a 7% interest rate for an amount of INR 30 Lakhs for a tenure of 15 years. The EMI structure will look like the following.

Year	Interest	Principal	EMI Amount	Outstanding Balance
2022	INR 69,667	38,192	INR 1,07,859	29,61,808
2023	INR 2,03,523	1,20,055	INR 3,23,578	28,41,735
2024	INR 1,94,845	1,28,734	INR 3,23,578	27,13,020
2025	INR 1,85,538	1,38,040	INR 3,23,578	25,74,890
2026	INR 1,75,559	1,48,019	INR 3,23,578	24,26,961
2027	INR 1,64,859	1,58,719	INR 3,23,578	22,68,242
2028	INR 1,53,385	1,70,193	INR 3,23,578	20,98,049
2029	INR 1,41,082	1,82,496	INR 3,23,578	19,15,553
2030	INR 1,27,890	1,95,689	INR 3,23,578	17,19,865
2031	INR 1,13,743	2,09,835	INR 3,23,578	15,10,030
2032	INR 98,574	2,25,004	INR 3,23,578	12,85,026
2033	INR 83,309	2,41,270	INR 3,23,578	10,43,756
2034	INR 64,867	2,58,711	INR 3,23,578	7,85,045
2035	INR 46,165	2,77,413	INR 3,23,578	5,07,632
2036	INR 26,111	2,97,647	INR 3,23,578	2,10,165
2037	INR 5,554	1,20,055	INR 2,15,719	0

DCB Bank Loan Against Property Fees and Charges

DCB Bank Loan Against Property comes with an array of features and benefits thereby providing its customers with a much-needed solution to their financial needs. With the services offered, there are also a few charges and fees associated with the product. Here is a look at the DCB Bank LAP scheme fees and charges.

Fee Type	Charges Applicable
Loan Processing Fee/Charges	Up to 2% of the loan amount, subject to a minimum of INR.5,000
Collection Charges	INR 100 plus applicable taxes per call and INR 250′ plus applicable taxes per visit
Annual Maintenance Charges	Upto 1%
Part-prepayment & Full Prepayment	No charges would be levied for part prepayment up to a maximum of 25%
Re-Pricing Charges	Upto 1%
Penal Interest	3% per month
Cheque/ECS Swap Charge	INR 500
Property Document Retrieval Charge	INR 500
Cheque Bounce Charge	INR 750
Amortization Schedule	INR 100
Statement of Account	INR 100
Foreclosure Statement	INR 100
Duplicate ‘No Objection Certificate	INR 100
Revalidation of ‘No Objection Certificate’	INR 100
Provisional Income Tax Certificate	NIL
Final Income Tax Certificate	NIL
Interest Certificate	NIL
Change of Address	NIL
Loan Agreement Copy	INR 500
No Objection Certificate	NIL