IndusInd Loan Against Property (LAP) Calculator

The IndusInd Bank Loan against Property EMI calculator is a self-help tool that enables users to assess the EMI amount. The calculator helps the user compute the monthly EMIs along with a detailed overview of the repayment schedule of the loan taken against a property. The IndusInd Bank offers attractive interest rates on loans against property with an elongated tenure of up to 15 years. The IndusInd Bank is renowned for providing technology-driven solutions in the banking sector. The IndusInd Loan against property EMI calculator enlightens the user of the EMIs that they would have to bear to meticulously plan their finances before they avail of a loan against property.

Benefits of IndusInd LAP EMI Calculator

The IndusInd Loan Against Property EMI calculator provides a detailed account to the user of their monthly EMIs. The calculator provides the following benefits to the user:

• Comparability  

The IndusInd Loan against property EMI calculator allows the user to compare and compute the EMIs by entering multiple values on tenures and loan amounts. The user can also compare the interest rates of the various banks to find the one that complements their budgetary needs.

The IndusInd LAP EMI calculator offers attractive interest rates with EMIs on loans against property going as low as Rs 899 per Lakh.

• Accessibility 

The IndusInd Loan against property EMI calculator is a self-help tool that is easily available online. The users can compute the amount of the EMIs from the comfort of their homes at their convenience. The IndusInd LAP EMI calculator exhibits a straightforward interface that even first-time users can easily access.

• Amortisation Schedule 

Another important feature of the IndusInd LAP EMI calculator is the amortisation schedule. The schedule provides detailed information on the repayment schedule of the secured loan granted against the property.

• Overview of Outstanding Balance

The IndusInd LAP EMI calculator also provides a detailed account of the outstanding balance at a particular point in time. This vital information helps the user to prepay the loan to reduce the tenure of the loan. They can also diminish their rate of interest through balance transfers.

Estimation of Loan Against Property EMIs through IndusInd LAP EMI Calculator  

The IndusInd LAP EMI calculator provides an avenue for the user to compare and compute the EMI amount at multiple values. The following table showcases the combinations of tenure and loan amount, where the rate of interest is set at 7.2% per annum.

Loan Amount (Rs)	10 Years	15 Years	20 Years
Rs 10 Lakhs	Rs 11,714	Rs 9,100	Rs 7,873
Rs 15 Lakhs	Rs 17,571	Rs 13,651	Rs 11,180
Rs 30 Lakhs	Rs 35,143	Rs 27,301	Rs 23,620
Rs 50 Lakhs	Rs 58,571	Rs 45,502	Rs 39,367

Factors Affecting IndusInd Bank Property Loan EMI

The user can conveniently compute the EMI amount from the IndusInd Loan Against Property EMI calculator. However, the EMI amount derived from the calculator is susceptible to the following factors:

• Loan Amount 

The amount borrowed from the bank against the property impacts the EMIs directly. As the loan amount and EMIs are directly proportional, a substantial loan amount would increase the EMI amount. For example, if the borrower has availed of a loan against the property of Rs 20,00,000, they would automatically have to pay a higher EMI amount as opposed to the one who has taken a loan of Rs 10,00,000. 

• Rate of Interest 

The interest on the loan is the fee charged by the bank for allocating the loan to the borrower. A high rate of interest would ultimately increase the cost of the loan. The rate of interest offered by the IndusInd Bank on Loans against property starts from 7% per annum. 

• Loan Tenure 

The tenure of the loan is the only factor that shares an inversely proportional relationship with the EMI amount. Unlike the factors mentioned above, a longer repayment tenure can substantially reduce the EMI amount against the loan and make the EMIs more manageable for the borrowers. 

Comparison of IndusInd Bank Loan Against Property EMI with other Banks

The following table showcases the comparison between the EMI amount of IndusInd Bank with other banks at varying loan amounts. The tenure determined is 20 years.

One can utilise the IndusInd LAP EMI calculator tool to compare the varying interest rates offered in the market.

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

IndusInd Bank Loan Against Property Amortisation Calculator

The amortisation table gives a detailed synopsis of the repayment process of the loan against property. The table enlightens regarding the composition of the Interest and Principal throughout the tenure of the loan. Let’s take an example for a better understanding.

Suppose you’ve taken a loan against the property of Rs 30 Lakhs from the IndusInd Bank for a tenure of 15 years. The interest rate is determined at 7% per annum. The annual EMI to be paid against the loan is Rs 3,23,578. The amortisation schedule for that would be as follows:

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

IndusInd Bank Loan Against Property Fees and Charges

The loan against property is a financial product offered to the customers, which allows them to raise funds for business and personal reasons against the assets they possess. The bank applies the following charges from their customers for processing their loan requests.

Description	Charges Applied for Loan Against Property
Rate of Interest	In accordance with the RBI guidelines
Processing Fees	2% of the Loan amount
Pre-Closure Charges	Individual Borrowers: as per RBI Guidelines, Others: 4% of the outstanding Principal
IMD	Up to Rs 10,000 + GST
Stamping Charges (Non-refundable)	In accordance with the State Laws
Cheque Swapping Charges	Rs 500/- per swap
Document copy charges	Rs 500/-
Duplicate Repayment schedule Charges	Rs 500/-
Conversion Charges	Up to 0.75% of the outstanding principal along with the applicable taxes
Annual Maintainance Charges	Rs 5,000/-
Quarterly Commitment Charges	0.5% plus GST