Check your monthly EMI for Loan Against Property
Experience the convenience of planning your EMIs in advance with Poonawalla Fincorp’s Loan Against Property EMI Calculator.
Simply enter your loan amount, interest rates, and tenure to calculate your monthly EMIs.
How to use the LAP EMI Calculator?
Using our EMI calculator is easy. All you have to do is:
- Step 1: Slide the bar to enter the loan amount.
- Step 2: Enter the interest rate.
- Step 3: Adjust the bar to enter the loan tenure.
The calculator will automatically display the principal loan amount and interest payable.
Note: The calculated amount is just the estimation of monthly EMI based on the details entered in the calculator. Your actual monthly EMI may change based on other loan terms and conditions.
Components that Impact Loan Against Property EMIs
Take control of your repayment decision by understanding the factors that influence your loan EMIs:
- Sanction Amount: A higher loan amount results in a higher EMI
- Interest Rate: A higher interest rate leads to a higher EMI.
- Loan Tenure: The longer the loan tenure, the lower the EMIs, and vice versa. However, longer tenure increases the overall borrowing cost.
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Frequently Asked Questions
You can calculate EMI on Microsoft Excel by following the below steps:
Input the following the selected cell: =PMT (RATE, NPER, PV, FV, TYPE) and the values for required variables:
- Rate – Interest rate
- NPER – Loan tenure in months
- PV – Principal loan amount
- FV and Type – 0 and 1, respectively
You can calculate Loan Against Property EMI amount manually by using the below formula:
EMI = [P x R x (1+R) ^ N] / [(1+R) ^ (N-1)]
here,
- ‘P’ denotes the principal amount
- ‘N’ denotes the tenure in month
- ‘R’ denotes the interest rate applicable on a monthly basis
The advantages of a Loan Against Property EMI calculator are:
- Time-Saving: You can expect the results within seconds by entering all the components.
- Accurate Result: You can completely rely on LAP EMI calculator as it provides accurate results.
- Compare Different Variables: You can easily compare different variables such as loan amount, rate of interest and tenure.
Happy Customers, Happy Us
I opted for a Loan Against Property balance transfer with Poonawalla Fincorp, and the experience exceeded my expectations. The application process was completely digital, quick, and required minimal paperwork. Getting a significantly lower interest rate helped me reinvest in my business. With better financial flexibility, I was able to scale operations efficiently, leading to a 30% increase in business turnover. Poonawalla Fincorp made the entire journey stress-free, and I highly recommend their services to any business owner looking for smart financial solutions.
Poonawalla Fincorp’s Pre-owned Car Loan made the entire financing process effortless. The loan approval was quick, and the minimal documentation made it even more convenient. Within just a couple of days, the funds were disbursed, allowing me to purchase a well-maintained pre-owned vehicle without any hassle. The repayment options were flexible, and the entire experience was seamless. Thanks to Poonawalla Fincorp, I could get my car without any financial strain. Highly recommended!
Securing a loan to purchase a commercial property with rental income was crucial for my business. Having previously worked with Poonawalla Fincorp, I was confident in their services. The process was incredibly smooth and transparent. The quick disbursement and excellent post-sales support made the entire experience stress-free. Thanks to Poonawalla Fincorp, I now own a prime commercial property in Mumbai, which has significantly boosted my business. Their quick turnaround time and excellent post-sales support made all the difference. I wholeheartedly recommend them to anyone in need.
I had a great experience with Poonawalla Fincorp’s Pre-owned Car Loan. The offered loan amount was as per my expectations, and the entire process was smooth and hassle-free. The documentation was minimal, and the loan was disbursed in just two days! What stood out was the flexibility—repayment was easy, and the EMI structure was well-planned. The loan approval process was straightforward, making it convenient to get the car I wanted without any delays. Overall, the service was excellent, and I highly recommend Poonawalla Fincorp to anyone looking for an easy and quick loan process!
A friend in need, is a friend indeed. Poonawalla fincorp has been like one of those friends for me, who has supported me in my journey. With no hidden charges and no prepayment charges, the company has provided me with the adequate funds I needed for me professional practice. From the loan application process to the disbursal of funds, I did not face any problems. My experience was hassle-free and smooth. Not just me, all my fellow professionals and friends have had a wonderful experience with Poonawalla Fincorp’s Professional Loan.
I am practicing Chartered Accountant (CA) based out of Hubli. There were working capital issues that i was facing like upgrading my firm’s overall infrastructure, hiring well-qualified staff and digitization. Poonawalla fincorp hab been of great support when it comes to funding these requirements. I’ve got one of the best interest rates available in the market, my documentation process was fast & hassle-free. and the digital application process made it very simple to get a Professional Loan as a CA. I recommend to CAs to consider Poonawalla Fincorp for their working capital or any other funding requirements.
I run a chain of farmacy stores with 5 branches in pune. With the growing polpularity of home delivery, my customers were expecting the same from me as well. However, the extra capital requirement made it difficulf for me to hire delivery persons. With Poonawalla fincorp’s Business loan, I am now able to compete with online pharmacy retailers, manage working capital and upgrade my system. My customers have grown 50-60%. The loan applicatipn process is digital, simple and speedy. I was delighted to get my loan amount disbursed quickly, allowing me to upgrade my operationg seamlessly.
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