# HDFC Loan Against Property (LAP) Calculator

• 5 Lac
• 20 Cr
Years
• 5
• 30
%
• 6
• 20

Monthly Loan EMI

Payment Breakdown:

Principal Amount

₹10,00,000

Interest Payable

Total Amount Payable

To avoid any type of financial stress, better financial planning and a realistic estimate of payback capacity are essential. The Loan Against Property (LAP) calculator is a tool that helps you figure out the value of monthly instalments for the repayment of a loan against a property.

HDFC LAP EMI calculator, an online tool, determines the monthly payments that must be made toward the HDFC loan balance. On the basis of pertinent information, including loan amount, HDFC LAP interest rate, and loan tenure, the calculator provides correct results. Scroll down to know more.

## HDFC Loan Against Property EMI Calculator

HDFC Bank is one of the fastest evolving banks, striving to provide a sense of ease to its customers. Understanding the importance of time, the bank offers HDFC Loan Against Property EMI calculator to help the customers land on a definite EMI figure on the loan taken against their property.

A specified sum of money is paid to the bank each month on a specific day until the loan taken by you is entirely repaid as part of your HDFC Loan Against Property EMI (Equated Monthly Instalment). Your EMI may be as low as INR 979 for every one lakh in borrowed funds according to HDFC's current offer of loans with terms up to 15 years and competitive interest rates starting at 8.40%. Principal repayment and interest payments are both included in the HDFC Loan Against Property EMI calculator. Except in cases where the interest rate on the HDFC loan against property increases, the principal component of the EMI increases while the interest element stays decreasing.

## Loan against Property HDFC (LAP): Calculator Features

The HDFC LAP loan EMI calculator is an online tool that aids a person to grasp the EMI and the total amount payable at the end of the tenure of the LAP. The following are the features of the HDFC LAP EMI calculator:

• The user is able to enter and contrast different settings for the interest rate, tenure, and principal. The user can plan and choose the EMI amount that best fits their financial objectives by calculating several EMI amounts.
• The calculator gives the customer immediate results because they can quickly and simply determine the values they are looking for without performing laborious and time-consuming calculations.
• The calculator is accessible at any time and from any location online. For the user's benefit, the HDFC LAP EMI calculator also displays a detailed repayment plan in addition to the EMIs.
• Users of the calculator can rapidly calculate the EMI amount by inputting the appropriate data in the fields on its simple interface.

## Calculate HDFC Bank Loan Against Property EMI

Calculate your HDFC Bank loan against property EMI through an HDFC LAP EMI calculator or manually. The following formula is used to calculate EMI on loan against property.

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

Here, ‘E’ stands for Equated Monthly Instalment or EMI, ‘P’ stands for the principal amount, ‘N’ is the abbreviation of the number of monthly instalments and ‘R’ represents the monthly rate of interest.

## Why should you use HDFC Loan Against Property EMI Calculator?

The HDFC Bank loan against property EMI calculator establishes its usefulness through the following:

• ### EMI Calculation

You may compare the EMI on your loan against property with different loan tenures and loan amounts with the HDFC LAP EMI Calculator. To compute the EMI, you must, however, look at the HDFC LAP interest rate. According to current rates, HDFC gives the lowest EMI per lakh at 8.40%, or USD 979.

• ### Draws a Comparison

By utilising the HDFC LAP loan EMI calculator, you may obtain an accurate estimate of your loan against a property when compared to loans from other banks with the same loan amount and term. You can select the most inexpensive offer based on the EMI for an HDFC loan secured by real estate.

• ### Provides Amortisation Schedule

You can use the HDFC Loan against EMI Calculator to determine how your total EMIs will be split between principal and interest payments at various points during the loan's term.

• ### Calculates Obligations

The remaining loan tenure for the outstanding balance at any point in the loan tenure can also be calculated using the HDFC EMI Calculator. Thus, it can assist you in shortening the term of your loan through prepayment or foreclosure or in obtaining a loan with a lower rate through a balance transfer.

## HDFC Mortgage Loan EMI Calculator to Estimate the EMI that Fits Your Budget

Use the HDFC Loan against Property EMI calculator to input various loan amounts and terms at the applicable interest rate to calculate the EMI for an HDFC EMI loan against property at various rates and terms. HDFC Loan secured by real estate at an interest rate of 8.40%, EMI is computed for a variety of loan amounts and terms. The calculation of the HDFC EMI for various loan amounts and repayment terms at the lowest rate of 8.40% is shown in the table below:

 Loan Amount  (in INR) 10 Years (in INR) 15 Years  (in INR) 20 Years (in INR) EMI on 15,00,000 18,518 14,683 12,923 EMI on 25,00,000 30,863 24,472 21,538 EMI on 40,00,000 49,381 39,155 34,460 EMI on 60,00,000 74,071 58,733 51,690

You must choose the right fit for you. The tenure and the HDFC LAP rates that align with your needs and do not contribute to an even greater pressure must be chosen.

## Factors Affecting HDFC Bank LAP Loan EMI

The HDFC loan against property EMI calculator consists of the loan amount, the interest rate and the tenure when calculating the payable amount or EMI. The factors that affect HDFC Bank LAP Loan EMI are as follows:

• ### Interest Rate

The interest rate is the most important aspect in determining a borrower's capacity and ease of loan repayment. A higher interest rate can make it difficult to take out a loan for a larger amount or can make repayment terms longer. A lower interest rate, on the other hand, makes it easier to qualify for a greater loan amount and enhances the likelihood of a simple prepayment.

The type of property to be mortgaged, the borrower's background, and the borrower's credit score all affect the interest rate. Interest rates are offered by various banks and home financing organisations, and they frequently change. The rate can be either fixed or floating, meaning that it won't fluctuate at any point during the loan's term.

• ### Principal Amount

The value of the property that is mortgaged determines how much can be borrowed against it from a bank or other financial institution. Therefore, the EMIs increase in proportion to the loan amount.

• ### Term

The mortgage loan's term is determined by the borrower's present age and retirement age. Smaller EMIs are associated with longer loan terms.

## HDFC Bank Loan Against Property Amortisation Calculation

The amortisation plan breaks out the amount of principal and interest you will be paying in the form of your monthly instalment payments. In other words, the principal amount and the percentage of interest both change with each EMI, with the former decreasing and the latter increasing. Because of this, if you choose to pay off your loan early, you will only have paid a very little part of the principal. Let's use an example to help us better comprehend this.

Example:

Consider your HDFC LAP loan status to be INR 20 Lakh for 10 years at an interest rate of 8.40%. The HDFC LAP EMI calculator computes the EMI to be INR 24,690, and the interest rate payable will be INR 9,62,836. The total amount payable will be INR 29,62,836.

The following table can be used to explain the amortisation schedule.

 Year EMI (in INR) Interest Paid (in INR) Principle Paid (in INR) Outstanding Balance (in INR) 2022 24690.3 69246.42 54205.08 2839384.54 2023 24690.3 158211.32 138072.28 2543100.94 2024 24690.3 146156.13 150127.47 2246817.34 2025 24690.3 133048.43 163235.18 1950533.74 2026 24690.3 118796.25 177487.35 1654250.14 2027 24690.3 103299.7 192983.9 1357966.54 2028 24690.3 86450.15 209833.45 1061682.94 2029 24690.3 68129.45 228154.15 765399.34 2030 24690.3 48209.15 248074.45 469115.74 2031 24690.3 26549.61 269733.99 172832.14 2032 24690.3 4739.43 168092.67 0.04

## HDFC Bank Loan Against Property at Different Repayment Tenures

The HDFC LAP EMI calculator can inform you about the HDFC Bank LAP at different repayment tenures. The following tables comprise different loan amounts and the EMI based on their tenure.

### For INR 10 Lakh

With the help of the HDFC Bank loan against property EMI calculator EMI on HDFC loan against property for INR 10 Lakh for different tenures at an interest rate of 8.40% has been calculated. The following table features the calculations.

 Loan Amount (in INR) Interest Rate Tenure (Year) EMI (in INR) 10,00,000 8.40% 5 Years 20,468 10,00,000 8.40% 10 Years 12,345 10,00,000 8.40% 12 Years 11,045 10,00,000 8.40% 15 Years 9,789

### For INR 25 Lakh

With the help of the HDFC Bank loan against property EMI calculator EMI on HDFC loan against property for INR 25 Lakh for different tenures at an interest rate of 8.40% has been calculated. The following table features the calculations.

 Loan Amount (in INR) Interest Rate Tenure (Year) EMI (in INR) 25,00,000 8.40% 5 Years 51,171 25,00,000 8.40% 10 Years 30,863 25,00,000 8.40% 12 Years 27,613 25,00,000 8.40% 15 Years 24,472

### For INR 30 Lakh

With the help of the HDFC Bank loan against property EMI calculator EMI on HDFC loan against property for INR 30 Lakh for different tenures at an interest rate of 8.40% has been calculated. The following table features the calculations.

 Loan Amount (in INR) Interest Rate Tenure (Year) EMI (in INR) 30,00,000 8.40% 5 Years 61,405 30,00,000 8.40% 10 Years 7,035 30,00,000 8.40% 12 Years 33,135 30,00,000 8.40% 15 Years 29,367

### For INR 50 Lakh

With the help of the HDFC Bank loan against property EMI calculator EMI on HDFC loan against property for INR 50 Lakh for different tenures at an interest rate of 8.40% has been calculated. The following table features the calculations.

 Loan Amount (in INR) Interest Rate Tenure (Year) EMI (in INR) 50,00,000 8.40% 5 Years 1,02,342 50,00,000 8.40% 10 Years 61,726 50,00,000 8.40% 12 Years 55,225 50,00,000 8.40% 15 Years 48,944

### How much loan can I get against my property from HDFC Bank?

You can get a loan of up to 65% of the value of the property from HDFC Bank.

### What is the EMI for INR 30 lakhs home loan in HDFC bank?

The EMI for INR 30 Lakh home loan in HDFC Bank is INR 61,405 for a tenure of 5 years, INR 37,035 for a tenure of 10 years, INR 33,135 for a tenure of 10 years and INR 29,367 for a tenure of 15 years. The HDFC LAP interest rate is 8.40%

### Is the HDFC Bank loan against my property available in my city?

Yes, the HDFC Bank loan against property is available in each city. This service can be availed online or offline.

### What is the tenure of the LPA loan?

HDFC Bank’s tenure of the LPA loan is up to 15 years.

### How is the rate of interest on a loan against property calculated?

To calculate the interest rate on loans against property, customers can use the HDFC LAP EMI Calculator. The longer the tenure selected, the more the interest rate payable will be.

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