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

How much do you need to borrow? ₹50L

LTV up to 60% of property value · ₹1Cr property → up to ₹60L loan

₹5L₹10.0Cr
Interest rate 10.5%

SBI LAP: 9.75% · HDFC: 10% · Bajaj Finance: 10.5% · Rates based on property type and CIBIL

8%18%
% p.a.
Loan tenure 15 years
1yr20yr
years
Monthly EMI
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calculating...
Total interest
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Cost of borrowing
Total payable
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Principal + Interest
Principal vs Interest
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Interest: ---

These numbers are a solid starting point. Your actual EMI may vary slightly by lender — always confirm before signing.

Year-wise principal vs interest paid
Repayment schedule
YearEMI PaidPrincipal PaidInterest PaidInterest %Balance
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ThriftRupee Insight

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:

Max LAP = Property market value × LTV (up to 60% for residential, 50% for commercial)
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.

Frequently asked questions

What is the maximum LTV for Loan Against Property?
RBI allows LTV up to 60% for residential property and 50% for commercial property. So a ₹1Cr house can get up to ₹60L LAP. The lender values the property independently — market value vs registered value.
How is LAP different from a home loan?
Home loan is for purchasing property; LAP is a loan against property you already own. LAP rates are 1.5–2% higher than home loans, but the funds can be used for any purpose — business, education, medical, or debt consolidation.
Can I take LAP on rented property?
Yes. You can take LAP on property you own, whether self-occupied or rented out. Rental income can also be used as qualifying income for the loan. Some banks restrict LAP on disputed or inherited properties.
Is interest on LAP tax deductible?
If LAP funds are used for business, the interest is deductible as business expense. For other uses (personal, medical), interest is generally not deductible. Unlike home loans, there is no Section 24 benefit on LAP for personal use.