Loan against property EMI calculator
Unlock cash from property you own. Enter the loan amount, rate and tenure for your monthly EMI, total interest and a full amortisation schedule — at rates well below unsecured loans.
Loan details
Tweak the numbers - results update live
₹50L
Principal
amount borrowed
₹43.98L
Total interest
over the tenure
₹93.98L
Total payable
principal + interest
Principal vs interest
What you repay over 15 years
- Principal₹50L
- Interest₹43.98L
Year-by-year schedule
How the balance falls as you repay
| Year | Principal | Interest | Balance |
|---|---|---|---|
| 1 | ₹1,58,307 | ₹4,68,225 | ₹48,41,693 |
| 2 | ₹1,74,019 | ₹4,52,513 | ₹46,67,674 |
| 3 | ₹1,91,290 | ₹4,35,242 | ₹44,76,384 |
| 4 | ₹2,10,275 | ₹4,16,257 | ₹42,66,109 |
| 5 | ₹2,31,144 | ₹3,95,388 | ₹40,34,965 |
Monthly EMI
₹52,211
Big, secured, long
Low rate, large amount
A loan against property turns an idle asset into a large, low-cost loan. The rate is far below a personal loan, but the tenure is long and the amount is big — so total interest and prepayment strategy matter a lot.
- 1
Mortgage the property
Borrow 50–70% of its value while continuing to own and use it.
- 2
Enjoy a low rate
Collateral means a rate well below unsecured borrowing.
- 3
Spread over years
Tenures up to 15–20 years keep the EMI manageable.
- 4
Prepay to save
On a large, long loan, prepayments cut total interest dramatically.
Questions
Frequently asked
LAP EMI uses the reducing-balance formula EMI = P × r × (1+r)^n ÷ ((1+r)^n − 1), where P is the loan, r the monthly rate and n the months. Because LAP runs long (up to 15–20 years) on a large amount, total interest is substantial — but the rate is lower than unsecured loans since your property is the collateral.
Lenders typically offer 50–70% of the property’s market value as a loan against property, depending on whether it’s residential, commercial, or a plot, and on your income and repayment capacity. Enter the loan amount you expect to be sanctioned above to see the EMI.
Yes, considerably. Because LAP is secured by your property, rates are far lower than unsecured personal loans — usually around 9–15%. The trade-off is that your property is mortgaged and at risk if you default, and processing takes longer.
It depends on the end use. If the LAP funds are used to buy or construct a residential house, interest may be claimable under Section 24(b). If used for business, the interest can be a business expense. There is generally no deduction if the funds are used for personal purposes. Consult a tax advisor for your case.
A longer tenure lowers the EMI but raises total interest sharply on a large loan. If your cash flow allows, a shorter tenure or periodic prepayments save a lot. Use the tenure slider to compare, and our loan prepayment calculator to quantify prepayment savings.