Bank of India Loan Against Property Eligibility Calculator Feb 2017 – Calculate EMI Online

 

Updated on 02.02.2017 Bank of India Loan Against Property Eligibility Calculator Feb 2017 Loansninsurances.com provides a simple tool to calculate Bank of India (BOI) Loan Against Property EMI on the basis of ✓ Loan Amount ✓ Interest Rate ✓ Base Rate 9.70% ✓ Repayment Options ✓ Processing Charges & more.

Bank of India offers loan amount up to 60% of market value i.e. (40% loan amount) with a very attractive interest  rate @ 11.2% (Base Rate 9.70% w.e.f.05.10.2015), loan processing charges 1% + service tax with 12 years repayment option, nil margin & more.

BANK OF INDIA 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

Bank of India offers loan against property customer who’s run a business such like Commerce and Business, Trade, Self-Employed, Professionals, Proprietary firms, Partnership firms, Companies, Societies, Staff members etc.

Bank Name Bank of India
Product Loan Against Property
Interest Rate Base Rate 9.70%
Loan Processing Charges 1% + Service tax as applicable
Pre- Prepayment Charges NIL
Foreclosure Charges NIL
Official Website www.bankofindia.co.in

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 11.20% per annum, then r = 11.20/12/100=0.00933) and n is loan term / tenure / duration in number of months

Bank of India (BOI) Loan Against Property EMI Calculator

Fill Loan Amount, Interest rate & Tenure in Fields & get Instant Calculation for Property 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 ₹ 36,00,000 amount, interest rate given by Bank of India (BOI) is 11.20% for 144 months (12 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
₹ 36,00,000.00 11.20% 144 months ₹ 45,555 ₹ 29,59,929

Now you should have to figure out yearly basis property loan amount. Follow the given table for complete break up. These values calculated on 01.01.17.

Year Outstanding Balance Principal Amount (X) Interest Amount (Y) Principal + Interest Amount (X + Y)
2016 ₹ 34,75,301 ₹ 1,24,699 ₹ 3,30,852 ₹ 4,55,551
2017 ₹ 33,09,536 ₹ 1,65,765 ₹ 3,80,896 ₹ 5,46,661
2018 ₹ 31,24,222 ₹ 1,85,314 ₹ 3,61,347 ₹ 5,46,661
2019 ₹ 29,17,053 ₹ 2,07,169 ₹ 3,39,492 ₹ 5,46,661
2020 ₹ 26,85,453 ₹ 2,31,600 ₹ 3,15,060 ₹ 5,46,661
2021 ₹ 24,26,540 ₹ 2,58,913 ₹ 2,87,747 ₹ 5,46,661
2022 ₹ 21,37,092 ₹ 2,89,448 ₹ 2,57,213 ₹ 5,46,661
2023 ₹ 18,13,509 ₹ 3,23,583 ₹ 2,23,078 ₹ 5,46,661
2024 ₹ 14,51,766 ₹ 3,61,744 ₹ 1,84,917 ₹ 5,46,661
2025 ₹ 10,47,361 ₹ 4,04,405 ₹ 1,42,256 ₹ 5,46,661
2026 ₹ 5,95,264 ₹ 4,52,097 ₹ 94,564 ₹ 5,46,661
2027 ₹ 89,850 ₹ 5,05,414 ₹ 41,247 ₹ 5,46,661
2028 ₹ 0 ₹ 89,850 ₹ 1,260 ₹ 91,110
Bank of India Loan Against Property Branches in Delhi/NCR
Contact Address IFSC Code MICR Code
B 1 2 Yamuna Vihar Delhi 110053 BKID0006109 NA
7 16 West Patel Nagar Market West Patel Nagar New Delhi 110008 BKID0006090 110013131
Vishnu Garden,Wz 195Akhayala Road,Vishnu Garder,New Delhi,110018 BKID0006040 110013040
Vikaspuri,Bodela,Vikaspur,New Delhi,110018 BKID0006039 110013037
A45-46, Laxmi Nagar,,Near Madhuban Chowk,,Delhi,110092 BKID0006053 110013061
D 12 Local Shopping Centre Vasant Vihar New Delhi 110 057 BKID0006081 110013113
G-1/155, Main Najafgarh Road, Uttam Nagar, New Delhi-110059 BKID0006069 110013102
Avenu 21,Ywa Hostel Building, Saket New Delhi,110017 BKID0006045 110013047
RZ 266 Old No 108 Gali No 4 East Sagarpur New Delhi 110 045 BKID0006105 110013155
J-2/1, B.K. Dutta Mark,Rajouri Garden,,New Delhi,110027 BKID0006034 110013026
Rajindra Place,16, Vikram Towers,,1St Floor,,New Delhi,110005 BKID0006010 110013025
22,NWA, Club Road, Punjabi Bagh Extension. Delhi-110026 BKID0006063 110013093
E 6 Prashant Vihar Rohini New Delhi 110085 BKID0006088 110013129
52, Harshvihar, Road No. 44,Pitampura, New Delhi-110034 BKID0006064 110013094
4/6 D Deshbandu Gupta,Road, Paharganj,New Delhi,110001 BKID0006009 110013022
A 1 11 Krishna Nagar Delhi 110 051 BKID0006106 110013156
B/3,Tagore Market,Kirti Nagar Najafgar Rd,New Delhi,110015 BKID0006008 110013016
Khasra No. 957, Kirari Suleman Nagar, New Delhi 110086 BKID0006098 110013150
837, Khasra No. 52, Main Old Delhi Gurgaon Road, Kapashera, New Delhi 110 037 BKID0006095 110013147
C 2 Near Post Office Mukhiya Market Karawal Nagar Delhi 110094 BKID0006108 NA
49, Pocket-2, Jasola, Delhi-110025 BKID0006071 110013112
Hamdard Dawakhana,1545 Gali Quesimjar,Bazar Lak Khan,New Delhi,110006 BKID0006012 110013034
F-9,Dilshad Colony, Delhi-11095 BKID0006061 110013090
Connaught Circus,Central Ring,Connaught Circus,New Delhi,110001 BKID0006003 110013006
26-A Community Centre,Ashok Vihar,New Delhi,110052 BKID0006031 110013031
3 Ansari Road,Dariyaganj,New Delhi,110002 BKID0006032 110013030

 

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Bank of India Loan Against Property, Bank of India LAP Interest Rate
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on 2016-05-28
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