Conversion Rules in a Land Calculator - Loan Against Assets

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Friday, May 21, 2021

Conversion Rules in a Land Calculator

 To make converting land measurements hassle-free, several online portals have introduced land calculators that offer the results instantly. A tool like this is of much importance in India since multiple land measuring units are in use here. 



Some of these include square feet, acre, hectare, square yard, guntha, kanal, bigha, etc. In a land conversion calculator, you can convert square meters to square feet or any other unit.

Converting these units manually would be a critical task because each of these has different values. If you are to use a land calculator to convert various values, you will have to-

  1. Enter the number of units of that property.
  2. Choose the area unit for the provided list.
  3. Check below to find its equivalent value in all other units.

This tool offers accurate figures. It also serves as a great help to those deciding to sell or mortgage their property. In such cases, they need to convert the unit into the measuring unit used in that locality or by a particular financial institution. For example, it could be to convert sq m to sq ft.

You can find a land area conversion calculator on the portals of different lenders who also extend LAP loan or loan against property to customers. 

In this kind of loan, the dimensions of a property are taken into consideration. It is these measurements and the market value of any property based on which mortgage loans are sanctioned. 

On similar lines, portals of lending companies also feature a LAP EMI calculator, which can be used to calculate the EMIs before applying for a loan.

Must Read : Understand Land Area Calculation in the Different States of India


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