Factors affecting Loan Against Property EMI • Loan amount – Loan against property loan amount depends upon the value of property to be mortgaged. Higher the loan against property amount, higher will be the EMI. • Rate of interest – Interest amount to be paid is generally high in the initial years and as the tenure comes to an end, interest component reduces and principal component increases. Lower the Loan against property interest rate, lower will be the EMI. • Loan Tenure – Longest loan tenure available for mortgage loan in India is 20 years, subject to borrower’s current age and retirement age. Following table provides a comparison of EMI for a Rs. 1 lakh loan at different tenures