What is the maximum loan amount I can calculate with the LAP EMI Calculator?
- Posted: 4th February, 2025
- Updated: 4th February, 2025
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Most LAP EMI Calculators may allow you to calculate EMI for loan amounts up to ₹10 crores. However, the maximum loan amount that can be calculated may vary across different calculators.
The EMI Calculator considers parameters like loan amount, interest rate, and loan tenure and calculates your EMI accordingly. It helps you determine the EMI you would need to pay for your desired loan amount and tenure.
However, the maximum loan amount that you can actually get approved for will depend on factors like your eligibility, income, property value, credit score, existing loans, etc., not just the EMI Calculator.
The EMI Calculator gives you an estimated EMI for your desired loan amount, but the final loan amount sanctioned can vary as per the lending company’s policies, RBI guidelines and your repayment capacity.
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