Loan Against Property Calculator: EMI and Interest

A loan against property unlocks cash from real estate at lower rates than a personal loan. This calculator shows the EMI.

What is it?

A loan against property (LAP) is secured by your residential or commercial property, so rates are lower and tenures longer.

How is it calculated?

EMI = P × i × (1+i)ⁿ ÷ [(1+i)ⁿ − 1], where P is the sanctioned amount, i the monthly rate and n the months.

Example

₹40 lakh at 10% over 15 years gives an EMI of about ₹42,985.

Key things to know

• Lenders typically fund 50-70% of the property’s value.
• Your property is at risk if you default — borrow carefully.
• Rates sit between home loans and personal loans.
• Keep documents and title clear to speed up approval.

What to do next

Compare LAP rates and loan-to-value offers across lenders.

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Frequently asked questions

What can I use it for?
Most purposes — business, education, medical, etc.

How much can I borrow?
Usually 50-70% of market value.

Is the interest tax-deductible?
Only in specific cases, e.g. business use.

Disclaimer: This article is for general information only and is not financial or tax advice. Consult a qualified advisor before making investment or tax decisions.