Bajaj Finserv Loan Against Property and Eligibility Calculator April 2017

 

(Updated on 01.04.17) Bajaj Finserv Loan Against Property Eligibility Calculator April 2017Loansninsurances.com provides a simple tool to calculate Bajaj Finserv Loan Against Property EMI on the basis of ✓Loan Amount ✓Interest Rate ✓Repayment Options ✓Processing Charges & more.

BAJAJ FINSERV LOAN AGAINST PROPERTY – INSTANT QUOTES ONLINE

Professional Details
Loan Amount
Occupation
Yearly Income
City
Disclaimer: We do not provide Loan Against Property but help you to connect with banks to get best deals.
All loans are on sole discretion on the respective banks loansninsurances

Bajaj Finserv offers loan amount up to Rs. 21 crores or up to a maximum of 60%* of the market value of your property at a very attractive interest rate, loan processing charges up to 2%, maximum repayment tenure up to 15 years with nil loan statement charges, nil interest and principal charges, part payment facility, foreclose facility & more.

The eligibility criteria for a self-employed professional with a regular source of income at Bajaj Finserv required customer reside in India, customer age should be at least 25 years. Bajaj Finserv offers minimum loan amount is Rs. 60 Lakh for Mumbai and Delhi, Rs. 30 Lakh in other cities.

Lender Name Bajaj Finserv Ltd.
Loan Amount up to ₹ 21 crores
Processing Fees up to 2% of loan amount
Repayment/Tenure up to 15 years
Part-Prepayment Avail
Foreclosure Yes
Official Website www.bajajfinserv.in

Documents required for opting Loan Against Property at Bajaj Finserv is 1 passport size photo, complete application form, 5 years business continuity proof, last 6 months updated bank statement, date of birth proof, identity proof, address proof, signature proof, IT returns & balance sheet & P/L account statement for the last 2 years & xerox copy of property paper to be mortgaged.

The formula for EMI (in arrears) is:
emi-calculator

Where E is EMI, P is Principal Loan Amount, r is rate of interest calculated on monthly basis. (i.e., r = Rate of Annual interest/12/100. If rate of interest is 11.75% per annum, then r = 11.75/12/100=0.00979) and n is loan term / tenure / duration in number of months

Bajaj Finserv Loan Against Property EMI Calculator

Fill Loan Amount, Interest rate & Tenure in Fields & get Instant Calculation for Peroperty Loan EMI within seconds.
Loan Amount
Interest Rate (Reducing) % Per Annum
Loan Tenure (in Months)
 
Monthly EMI
Total Amount with Interest
Flat Interest Rate PA
Flat Interest Rate PM
Total Interest Amount
Yearly Interest Amount

For example a customer applied for property loan ₹ 31,00,000 amount, interest rate given by Bajaj Finserv is 11.75% for 120 months (10 years). Now you should have to check how much emi, interest amount you will pay for your Loan Against Property.

LOAN AMOUNT INTEREST RATE (%) LOAN TENURE EMI INTEREST AMOUNT
₹ 31,00,000.00 11.75% 120 months ₹ 44,029 ₹ 1509192.04

Now you should have to figure out yearly basis property loan amount. Follow the given table for complete break up. These values calculated on December 19, 2016.

Year Principal Amount (X) Interest Amount (Y) Principal + Interest Amount (X + Y) Outstanding Balance
2016 ₹ 1,58,010 ₹ 3,26,311 ₹ 4,84,320 ₹ 29,41,990
2017 ₹ 1,92,831 ₹ 3,35,518 ₹ 5,28,350 ₹ 27,49,159
2018 ₹ 2,16,750 ₹ 3,11,600 ₹ 5,28,350 ₹ 25,32,409
2019 ₹ 2,43,635 ₹ 2,84,714 ₹ 5,28,350 ₹ 22,88,774
2020 ₹ 2,73,856 ₹ 2,54,494 ₹ 5,28,350 ₹ 20,14,918
2021 ₹ 3,07,824 ₹ 2,20,525 ₹ 5,28,350 ₹ 17,07,093
2022 ₹ 3,46,007 ₹ 1,82,343 ₹ 5,28,350 ₹ 13,61,087
2023 ₹ 3,88,925 ₹ 1,39,425 ₹ 5,28,350 ₹ 9,72,162
2024 ₹ 4,37,167 ₹ 91,183 ₹ 5,28,350 ₹ 5,34,995
2025 ₹ 4,91,393 ₹ 36,957 ₹ 5,28,350 ₹ 43,602
2026 ₹ 43,602 ₹ 427 ₹ 44,029 ₹ 0

 

Product
Bajaj Finserv Loan Against Property, Bajaj Finserv LAP Interest Rate
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on 2016-05-28
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Summary
Nice Post. every things clearly explained .....