Loan against property planning
Loan Against Property EMI Calculator.
Estimate your monthly EMI for a loan secured against your residential or commercial property — for any purpose, at rates well below an unsecured personal loan.
- Principal amount
- ₹50,00,000
- Total interest
- ₹43,97,980
- Total amount
- ₹93,97,980
| Year | Principal | Interest | Balance |
|---|---|---|---|
| 1 | ₹1,58,306 | ₹4,68,226 | ₹48,41,693 |
| 2 | ₹1,74,020 | ₹4,52,512 | ₹46,67,674 |
| 3 | ₹1,91,291 | ₹4,35,241 | ₹44,76,384 |
| 4 | ₹2,10,275 | ₹4,16,257 | ₹42,66,109 |
| 5 | ₹2,31,144 | ₹3,95,388 | ₹40,34,965 |
| 6 | ₹2,54,085 | ₹3,72,447 | ₹37,80,881 |
| 7 | ₹2,79,301 | ₹3,47,231 | ₹35,01,579 |
| 8 | ₹3,07,021 | ₹3,19,511 | ₹31,94,557 |
| 9 | ₹3,37,494 | ₹2,89,038 | ₹28,57,064 |
| 10 | ₹3,70,990 | ₹2,55,542 | ₹24,86,076 |
| 11 | ₹4,07,810 | ₹2,18,722 | ₹20,78,267 |
| 12 | ₹4,48,281 | ₹1,78,251 | ₹16,29,985 |
| 13 | ₹4,92,774 | ₹1,33,758 | ₹11,37,212 |
| 14 | ₹5,41,680 | ₹84,852 | ₹5,95,533 |
| 15 | ₹5,95,438 | ₹31,094 | ₹93 |
How much can you borrow against your property?
Lenders typically offer 55-75% of your property's current market value, capped by RBI at 75% for loans up to ₹75 lakh and 65% above that. Unlike a home loan, LAP funds can be used for any purpose — business expansion, medical costs, education, or debt consolidation — while still costing meaningfully less than an unsecured personal loan.
Frequently asked questions
How is loan against property (LAP) EMI calculated?
LAP EMI uses the same reducing-balance formula as a home loan: EMI = P × r × (1+r)^n / ((1+r)^n − 1). Because the loan is secured by your property, rates run lower than unsecured loans, and tenure can stretch up to 15-20 years.
How much can I borrow against my property?
Lenders typically offer 55-75% of your property's current market value as the loan amount (the Loan-to-Value or LTV ratio). RBI caps this at 75% for property-backed loans up to ₹75 lakh, and 65% above that, regardless of lender.
Can I use a loan against property for any purpose?
Yes — unlike a home loan (which must fund a property purchase or construction), LAP funds can generally be used for any purpose: business expansion, medical expenses, a child's education, or debt consolidation. This flexibility, combined with lower rates than personal loans, is the main reason people choose LAP.
Is LAP interest rate lower than a personal loan?
Yes, meaningfully — LAP rates typically run 8.5-15% p.a. versus 10-24%+ for unsecured personal loans, because the property gives the lender real collateral to recover against. The tradeoff is that your property is at risk if you default, which isn't the case with an unsecured personal loan.