WHAT ARE THE ADVANTAGES OF USING THE LAP EMI CALCULATOR
                     WHAT ARE THE 
ADVANTAGES OF 
USING THE LAP EMI 
CALCULATOR
HERO FINCORP
OVERVIEW ON LOAN AGAINST 
PROPERTY CALCULATOR
This free online tool computes the EMI you must repay if you apply for a LAP loan. 
Most of the lender sites online have this tool. Some of the factors displayed in the 
calculator are: 
• EMI per month for the total loan tenure
• Total interest payable
• Principal and Interest component per EMI
• Outstanding balance after paying per EMI
It functions using variables such as:
• Principal amount 
• Interest rate 
• Repayment tenure. 
APPLY LOAN AGAINST PROPERTY: 
HOW TO USE THE LAP EMI 
CALCULATOR?
The calculator requires the inputs of the three variables mentioned above to get the 
result on your screen. So, you can use this calculator anytime, anywhere to get instant 
estimates. And these calculators are not susceptible to errors, unlike manual 
calculations. 
ADVANTAGES OF USING A LAP 
CALCULATOR
• Repayment fund planning:  It doesn’t matter what loan you borrow, but it’s crucial to 
identify how much money you must set aside to repay the EMI each month. It 
ensures that you have enough money besides the repayment amount to fund 
emergencies like medical emergencies, children’s college fees, insurance premiums, 
and so on.
• Preplanning the loan journey: Planning is a crucial factor in life. However, your loan 
journey helps you manage debts easier when you know your monthly obligations 
ahead of time. The amortisation table in the EMI calculator tabulates your paid 
principal repayment, interest, and outstanding debts.
ADVANTAGES OF USING A LAP 
CALCULATOR
• Comparing loan offers is possible : It is a valuable part of an EMI calculator for LAP. 
Each lender has a different LTV ratio, interest rate, and repayment period. For 
example, some lend up to 75% of your home’s market value, while others lend up to 
60%.
• Helps you with prepayment: As stated earlier, this EMI calculator helps you analyse 
outstanding debts. You can quickly check how much you save on interest payments 
by prepaying your loan. It also facilitates you to decide whether your existing income 
and other financial commitments permit you to foreclosure.
Thank 
You