loan against property emi calculator

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Loan Against Property: EMI Calculator


Planning your secured loan optimally is a prudent way to ensure that your repayment journey is comfortable. This is especially true for a Loan Against Property as you are pledging your asset as collateral. Proper planning not only helps you keep your monthly money outgo in check, but also safeguards the asset throughout the loan tenure. Our Loan Against Property EMI calculator is the perfect tool during planning stage, as it offers instant and accurate results every time.

Step 1: Visit the calculator webpage
Step 2: Input the loan amount you require
Step 3: Fill in the interest rate offered to you by Poonawalla Fincorp
Step 4: Enter the loan duration under section ‘Tenure’
Step 5: View the results under the section ‘EMI Amount’

This will calculate and show your EMI quickly. Also, you have an option to click on ‘Check Repayment Schedule’ button to understand amortization schedule based on your input.

Monthly instalments (EMIs) are impacted by 3 main factors:

  • Sanction: This is the loan amount or the approved sanction amount. It directly impacts the EMI amount and opting to borrow a larger sum will increase the EMI payable.
  • Interest rate: This is the interest rate charged on the principal amount for the tenure. Naturally, a higher rate will result in higher EMIs and so, you must try to secure the lowest mortgage loan rates.
  • Tenure: This is the repayment timeline, and it ranges between 3 and 15 years. Unlike the sanction or the interest rate, increasing the tenure decreases the EMI amount. This is because you have a longer period to repay your dues, and so the monthly payments are smaller. However, you will be paying interest for a longer period and larger amount. Similarly, opting for a shorter tenure increases the EMI amount, and decreases your interest payable.

The tentative amount payable is calculated based on the principal amount, the interest charged & tenure input by you.

  • Manual calculation: To calculate the loan EMI amount manually, use the following formula:
    EMI = [P x R x (1+R) ^ N] / [(1+R) ^ (N-1)]
    ‘P’ denotes the principal amount
    ‘N’ denotes the tenure in months
    ‘R’ denotes the interest rate applicable every month
  • Online calculator: The LAP EMI calculator is a digital tool that offers the easiest solution. All you must do is input values for the ‘Tenure’, ‘Loan Amount’, and ‘Interest Rate’. The calculator automatically computes results based on your inputs and displays them instantly.
  • Microsoft Excel: For this method, use the Microsoft Excel program. Choose a cell on the sheet, select the ‘PMT’ formula, and enter the loan data into the following variables accurately:

    • ‘Rate’: This is the rate of interest monthly
    • ‘NPER’: This stands for loan tenure in months
    • ‘PV’: This denotes the loan amount or principal value

Enter the values for ‘FV’ and ‘Type’ as 0 and 1, respectively.

Knowing how to reduce EMIs is a useful skill to have. Always keep your monthly instalments affordable so that your property kept as collateral is never at risk during the loan repayment term. Here are some handy tips to reduce EMIs:

  • Borrow for the amount you require
  • Negotiate for a lower interest rate
  • Opt for a long tenure loan
  • Prepay the loan at least once during the tenure

How do I access the Poonawalla Fincorp mortgage loan calculator?

Our digital calculator is easily accessible online. The EMI calculator is available at

When should I use the mortgage loan EMI calculator?

Ideally, you should use the EMI calculator before you apply for a mortgage loan. It ensures accurate calculations, which can help during loan planning. Additionally, you can use it to find the most affordable lender for yourself.

How can the Loan Against Property EMI calculator aid loan planning?

The EMI calculator accurately computes the interest payable, the EMI amount, and the principal payable per month. It does this based on the tenure, interest rate, and loan amount selected by you in the calculator. As such, you can adjust these values based on your requirement.

Do I have to pay a fee to use the Loan Against Property calculator?

No. The Poonawalla Fincorp Loan Against Property EMI Calculator is free and can be used by you at any time at no cost.

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