Learn the Hectare to Cent unit Conversion with Example
Measuring units like hectare and cents are primarily used for calculating larger areas. Both units are acceptable in India, but most lenders prefer to use the unit cent to maintain uniformity on multiple occasions. But, individuals must note that the usage of a measuring unit depends on a particular lender; hence, before converting hectare to cent, they must check the requirements beforehand.
However, before learning the usage of hectare to cent conversion, one must know the values. In general, 1 hectare equals 247.157687 cents, and 1 cent equals 0.00404648 hectare.
So, individuals need to multiply the value of 1 hectare with the required amount for conversion. For example, for 2 hectares, multiply 2 by 247.157687, and the value will be 494.315373. This way, one can easily derive the value according to their requirement. A hectare to cent conversion table is provided below for the ease of fast calculation.
Hectare to cent conversion metrics
The converted value from hectare to cent are –
- 1 hectare = 247.157687 cent
- 2 hectare = 494.315373 cent
- 3 hectare = 741.473060 cent
- 4 hectare = 988.630746 cent
- 5 hectare = 1235.788433 cent
- 10 hectare = 2471.576866 cent
Like this hectare to cent conversion, other measuring such as acre, square yards, guntha, ground, bigha, and murabba can also be converted to cent. Below is the conversion scheme of the above-mentioned measuring units.
- 1 acre = 100.021256 cent
- 1 square yard = 0.020666 cent
- 1 guntha = 2.500529 cent
- 1 ground = 5.017301 cent
- 1 bigha = 61.996589 cent
- 1 murabba = 2500.529263 cent
- 1 lessa = 0.156283 cent
- 1 katha = 3.125087 cent
Most loan against property lenders provides free online land area converter to convert measuring units. This provides an accurate result to prospective borrowers. Besides this calculator, leading financial institutions also offer loan against property EMI calculators.
Experts recommend using the LAP EMI calculator before opting for a loan, as this will significantly ease the financial understanding concerning the monetary liabilities. To better understand, a list of benefits of using a loan against property EMI calculator is provided below.
Benefits of using the LAP EMI calculator
The primary benefits of the LAP EMI calculator are –
Provides amortisation schedule
An EMI calculator provides a detailed amortisation table for the ease of prospective borrowers. This table comprises the detailed breakup of financial calculations and its proceedings throughout the tenor. This detail includes separate analyses on EMI and principal repayment and its variations with time.
Helps decide the tenor
The LAP EMI calculator has three primary variables. This includes the loan amount, tenor and interest rate. Prospective borrows must know how to determine the ideal tenor for a LAP, as this will affect the EMI amount considerable. The tenor is inversely related to the EMI amount, which means a longer tenor will fetch a lower EMI.
Provides fast and accurate details
Calculating EMI manually can be a bit of a challenge for most individuals. To calculate it one have to use the formula [P x R x (1+R)^N]/[(1+R)^N-1] (where P = Principal, R = Rate and N = loan tenor in months), to get the results. But, using this formula can be time-consuming and prone to error. Thus, opting for an EMI can provide accurate results within seconds and free of error.
Thus, opting for a LAP EMI calculator will give a comprehensive idea about the factors one need to consider before availing of a LAP.
Several HFCs offer pre-approved offers to expedite the loan application process in India. These offers are available on selected financial products like home loans, loan against property and others. Applicants can use their name and contact number to check their pre-approved offers.
Thus, if individuals need to convert hectare to cent, they must consider the above formula and procedures. But, before one must check the requirements with their preferred lender.