Loan Against Property Calculator
Calculate Loan Against Property EMI. LTV up to 60% of property value. Compare LAP rates from 9.75% vs personal loan 14-18%. Year-wise amortization for residential and commercial property.
Loan Against Property (LAP) EMI Calculator
Results update instantly
LTV up to 60% of property value · ₹1Cr property → up to ₹60L loan
SBI LAP: 9.75% · HDFC: 10% · Bajaj Finance: 10.5% · Rates based on property type and CIBIL
These numbers are a solid starting point. Your actual EMI may vary slightly by lender — always confirm before signing.
| Year | EMI Paid | Principal Paid | Interest Paid | Interest % | Balance |
|---|
LAP at 10.5% is roughly 3–4% cheaper than personal loans (14–18%) with much higher loan amounts (up to ₹5Cr). The trade-off: your property is at risk if you default. Only use LAP for productive purposes — business, education, or medical — not consumption spending.
What is a Loan Against Property (LAP) Calculator?
A Loan Against Property (LAP) EMI calculator helps you plan repayment for a secured loan taken by mortgaging your residential or commercial property. LAP is one of the most cost-effective ways to raise large amounts — typically ₹25 lakh to ₹5 crore — at rates 3–4% lower than unsecured personal loans.
Unlike a home loan (which is for purchase), LAP lets you unlock the equity in property you already own. The funds can be used for any purpose — business expansion, children's education, medical expenses, or debt consolidation.
How to use this calculator
Enter your required loan amount — typically 50–60% of your property's current market value. Input the interest rate (SBI LAP starts at 9.75%, private banks from 10.5%). Set your repayment tenure between 5 and 20 years. The calculator shows EMI, total interest, and the year-by-year amortization schedule.
LAP eligibility and LTV
Your maximum eligible loan is determined by the LTV ratio set by RBI and your income eligibility:
Subject to: Total EMI obligations ≤ 50% of gross monthly income
The lender conducts an independent property valuation — which may differ from the registered value. Always get a preliminary valuation before applying.
Key differences: LAP vs home loan vs personal loan
vs Home loan: A home loan is for purchasing property; LAP is for any purpose against property you already own. LAP rates are 1.5–2% higher than home loans, but funds are unrestricted in use.
vs Personal loan: LAP rates (9.75–12%) are significantly lower than personal loans (12–24%). For amounts above ₹25L, LAP is almost always the better choice if you own property.
Processing time: LAP takes 7–15 working days due to property valuation and legal verification — longer than personal loans (2–5 days) but far cheaper for large amounts.
ThriftRupee tips for LAP
Tip 1: Use LAP for productive purposes only. Since your home is at stake, only use LAP for investments with returns that exceed the loan cost — business expansion, education, or consolidating higher-cost debt. Never use LAP for consumption spending.
Tip 2: Interest deductibility. If the LAP funds are used for business purposes, interest is deductible as a business expense. For personal use, no deduction is available unlike home loans.
Tip 3: Overdraft option. Many banks offer LAP as an overdraft (credit line) instead of a term loan. You pay interest only on the amount drawn, not the full sanctioned limit — ideal if you need funds in tranches for business.