Loan Against Rent Receivables | Eligibility Calculator for Rent Receivables - TakeBestLoans.com

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Loan Purpose * :

Property City * :

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Source of Income * :

Property Value * :

Annual Turn Over * :

Loan Amount * :

what

Gross Annual Income * :

Term of Loan * :

Income Proof * :

Calculator

Loan EMI
Loan Eligibility
Loan payoff
Loan comparison
Balance Transfer

Loan amount required

INR

Annual Interest rate (%)

%

Loan period in years

years

Monthly payment
30,813
Total Interest payable
30,46,349
Total loan payment
(principal + Interest)
55,46,349

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PMT #	Payment Date	Beginning Loan Balance	Termly Payment	Extra Payment	Total Payment	Termly Principal Payment	Termly Interest Payment	Ending Loan Balance	Cumulative Interest

Monthly Payment

INR

Annual Interest rate (%)

%

Loan period in years

years

Loan Amount
12,17,017
Total Interest payable
14,82,983
Total loan payment
(principal + Interest)
27,00,000

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PMT #	Payment Date	Beginning Loan Balance	Termly Payment	Termly Principal Payment	Termly Interest Payment	Ending Loan Balance	Cumulative Interest

'Number of months to be debt free'

Credit Card \ Loan Balance :

Credit Card \ Loan Interest Rate (%) :

Payment per Month :

Desired Month until Debt Free (Months) :

'Payment per month required' to be debt free

Credit Card \ Loan Balance :

Credit Card \ Loan Interest Rate (%) :

Desired Month until Debt Free (Months) :

Payment per Month :

Home Loan
Loan Against Property
Instant Loan EMI and Eligibility
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Home Loan
Loan Against Property
Instant Loan EMI and Eligibility

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Loan 1

Loan amount required

INR

Annual Interest rate (%)

%

Loan period in years

years

Monthly payment
28,404
Total Interest payable (₹)
43,16,843
Total loan payment
(principal + Interest) (₹)
68,16,843

Loan 2

Loan amount required

INR

Annual Interest rate (%)

%

Loan period in years

years

Differences

Monthly payment :

Total loan payment (principal + Interest) :

Yearly Payments
(12 Months) :

Total Interest payable :

Monthly payment (₹)
12,325
Total Interest payable (₹)
12,18,540
Total loan payment
(principal + Interest) (₹)
22,18,540

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Existing Loan :

Loan amount required

INR

Annual Interest rate (%)

%

Loan period in years

years

Monthly payment
90,870
Remaining Interest to be Paid
12,392,441
Total loan payment
(principal + Interest)
12,392,441

New Loan :

Loan amount required

INR

Annual Interest rate (%)

%

Loan period in years

years

Differences

Monthly payment :

Yearly Payments (12 Months) :

Remaining Interest to be Paid :

Remaining Amount to be Paid (Principal + Interest) :

Balance Number of Payments :

Monthly payment
87,773
Remaining Interest to be Paid
11,649,140
Remaining Amount to be Paid (Principal + Interest) (₹) 11,649,140

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Rent Receivable Guidance Materials

Rent Receivable Loan

Loan Against Property (Delhi,Chennai,Mumbai):

Loan against Property (LAP) or loan on property means acquiring a loan, keeping your owed property (Residential or commercial) as mortgage or collateral with the bank for the purpose of personal or business requirement. Below is a hypothetical situation we have used to explain you about loan against property in Delhi, loan against property in Chennai and loan against rent receivables in Mumbai.

Suppose you have a commercial property in Delhi worth Rs. 50 lakhs, residential property in Chennai worth Rs. 40 lakhs and commercial property let out in Mumbai worth Rs. 1.5 crore which gives of a monthly income of Rs. 1lakh. Now you need Rs. 50 lakhs for business purpose in Chennai. So you think of taking a loan against property in Delhi and loan against property in Chennai combined. The total value of both these property is Rs. 90 lakhs.

Normally all the financial institutes give loan up to 50% market value of the property. So you can get up to Rs. 45 lakhs loan and you require Rs. 50 lakhs. You will have to arrange Rs. 5 lakhs from own. If you are willing to go ahead with this, you will have to calculate your EMI on EMI calculator with our website www.takebestloans.com. The EMI comes to Rs. 83,092, so to support these monthly payments you must have monthly income of at least Rs. 1.5 lakhs, apart from rent income.

We even saw that you have a property in Mumbai which is let out for 5-7 years, which earns you Rs. 1 lakh. Instead of taking a loan against property in Delhi and loan against property in Chennai, you can take a loan against rent receivables on your let out Mumbai property. In Loan against rent receivables you get loan on your rent income.The amount of loan you are eligible can be calculated on property loan calculator from our website www.takebestloans.com. So now you are eligible to take loan up to Rs. 50 lakhs. In loan against rent receivables, your regular source of income is not affected. Your regular source of income is also considered by the financial institutes to give you loans.

You can avail loans even by combining two properties like we explained above of Loan against property in Delhi and Loan against property in Chennai, and even loan against rent receivables. We took Delhi and Chennai just to explain you Loan against property or loan on property. Loan against property is available in every part of India where the financial institutes are available.

What people are saying

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Hyderabad - Loan Against property

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Hyderabad - Loan against property

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Jaipur - Loan Against property

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Mrs.Kirti Bafna

Mumbai - Loan Against property

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