Loan Against Property Calculator
Calculate EMI, total interest, and eligible loan amount for a Loan Against Property (LAP) — using your property value and LTV ratio.
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How to use this calculator
- 1
Enter the current market value of your property — typically assessed by the bank's empanelled valuer.
- 2
Select the LTV ratio — banks typically lend 50–65% of residential property value and 40–55% for commercial.
- 3
Enter the loan amount you need — if left at 0, the maximum eligible loan (based on LTV) is used.
- 4
LAP rates are higher than home loans (typically 9.5–12%) since the property is collateral, not the primary purpose.
Frequently asked questions
How is the eligible loan amount calculated?
This tool uses maximum loan = property market value × LTV percentage. With the default ₹1,00,00,000 property and 60% LTV that is ₹60,00,000. The LTV percentage is chosen from the menu (50%, 55%, 60% or 65%), and the descriptive labels such as “standard” or “commercial” are labels in the tool, not lender rules.
What happens if I enter a requested loan amount?
If the amount is above 0, the loan is the smaller of your request and the maximum. A request of ₹30,00,000 on the default property gives ₹30,00,000 and an EMI of ₹33,162. A request of ₹90,00,000 on a ₹1,20,00,000 commercial property at 55% is cut to the ₹66,00,000 maximum. Leaving 0 uses the maximum.
Which formula gives the EMI?
EMI = L × r ÷ (1 − (1 + r)^−n), where L is the loan, r is the annual rate ÷ 12 and n is the tenure in years × 12, paid at the end of each month on a reducing balance. The default is ₹66,324, rounded to the whole rupee.
Are a 0% rate and 0 years accepted?
An entered 0% rate is used as 0, giving an EMI of the loan divided by the months, ₹33,333 for the default with ₹0 interest. A tenure of 0 returns n/a.
Does the eligible amount reflect my income or credit?
No. The maximum is driven only by the property value and the LTV percentage you select. Lenders also look at income, existing loans, credit history and a property valuation, none of which are inputs here, so the final sanctioned amount may differ.
What does the property value field mean?
It is whatever market value you type. The tool has no valuation data and does not adjust for a lender’s own valuation, which can be lower. Changing the value changes the maximum loan in direct proportion.
What costs are missing?
Processing fees, valuation and legal charges, stamp duty on documents, insurance, prepayment or foreclosure charges and any later rate change are not included. The rate is assumed fixed for the whole tenure.
Do the example rates reflect the market?
No. The 10.5% default and the other rates used in the examples are inputs for illustration. Real rates, fees and rules change, and the lender’s sanction letter governs.
Loan against property: how the LTV percentage sets the loan and the EMI
Two quantities: a ceiling and an instalment
The calculator first sets a ceiling by multiplying the property value by the LTV percentage you select, then computes the EMI on either that ceiling or on a smaller requested amount. The EMI formula is L × r ÷ (1 − (1 + r)^−n) with a monthly rate and a tenure in months. For a ₹1,00,00,000 property at 60% LTV, 10.5% and 15 years, the loan is ₹60,00,000, the EMI is ₹66,324, interest is ₹59,38,308 and total payable is ₹1,19,38,308.
Worked example: a request above the ceiling
Value a commercial property at ₹1,20,00,000 and select the 55% option. The ceiling is ₹66,00,000, so a request of ₹90,00,000 is reduced to that figure. At 11% over 10 years the EMI is ₹90,915, interest is ₹43,09,801 and total payable is ₹1,09,09,801. In the other direction, a request of ₹30,00,000 on the default property is below the ceiling, so the loan is ₹30,00,000 and the EMI is ₹33,162.
How the LTV choice moves the loan
In the table the property value is ₹1,00,00,000, the rate 10.5% and the tenure 15 years, with no loan amount requested, so the loan equals the ceiling. Each five-point increase in the LTV percentage adds ₹5,00,000 to the loan and raises the EMI in step.
| LTV option | Loan amount | EMI | Total interest |
|---|---|---|---|
| 50% | ₹50,00,000 | ₹55,270 | ₹49,48,590 |
| 55% | ₹55,00,000 | ₹60,797 | ₹54,43,449 |
| 60% | ₹60,00,000 | ₹66,324 | ₹59,38,308 |
| 65% | ₹65,00,000 | ₹71,851 | ₹64,33,167 |
Zero values
A rate of 0% is used as entered, so the default loan is ₹33,333 a month with no interest, and a tenure of 0 shows n/a instead of an unrelated default. The property value and the requested amount are plain inputs, with 0 in the request field meaning use the ceiling. The property value is not checked against any valuation, so the ceiling is only as reliable as the number typed in.
What a lender would still consider
Income, other debts, credit history, the lender’s own valuation, fees, legal charges, prepayment terms and floating-rate changes are outside the calculation. Real rates, fees and rules change and differ by lender, so the sanction letter governs the final amount. Because the LTV menu offers four fixed options, a ratio between them, such as 62%, cannot be modelled directly; the closest workaround is to type the exact loan amount in the request field.
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Results are estimates for informational purposes only and do not constitute professional financial, medical, legal, or technical advice. Read full disclaimer →