Work out your loan against property EMI
A loan against property (LAP) lets you borrow against a residential or commercial property you own. Because it's secured, the rate is lower than a personal loan — typically 9–12% per year — the tenure is long (often up to 15–20 years), and the loan amount can be large. Enter your loan amount, interest rate and tenure to see the EMI, total interest and a full repayment schedule. Everything runs in your browser.
Who uses this tool
Property owners raising a large, lower-cost loan for business, education, a wedding or to consolidate costlier debt, who want to see the monthly EMI and total interest over a long tenure.
How to use it
- Enter the loan amount, the interest rate and the tenure (in years).
- Optionally set the month the loan starts so the schedule shows real dates.
- Click Calculate EMI to see your EMI, total interest, and the year-by-year schedule. Tap any year to expand its months.
Frequently asked questions
What is a loan against property?
A secured loan where you mortgage a property you own to borrow against its value. You keep using it and repay in EMIs.
Why is the LAP rate lower than a personal loan?
It's secured by your property, so the lender's risk — and the rate — is lower, usually 9–12%.
What tenure can a LAP have?
Long — commonly up to 15–20 years, which keeps the EMI affordable on a large loan.
How much can I borrow?
Usually about 50–70% of the property's market value (the loan-to-value), depending on the property and your profile.