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.
Did this tool work for you?
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
What can I use a Loan Against Property for?
LAP can be used for any purpose: business expansion, working capital, education, medical expenses, wedding, or debt consolidation. Unlike a home loan (which must be for property purchase/construction), LAP has no end-use restriction — making it a flexible, secured financing option.
What is the LTV ratio for LAP?
LTV (Loan-to-Value) is the percentage of property value that banks will lend. For residential property: 50–65% (RBI guidelines cap it here). For commercial property: 40–55%. Banks may apply a haircut based on property type, location, and marketability. Your actual loan may be limited by your repayment capacity (FOIR — Fixed Obligation to Income Ratio) too.
LAP vs personal loan vs top-up home loan — which is best?
LAP offers the lowest rate (9.5–12%) among unsecured/secured non-home options and the longest tenure (up to 20 years). Personal loans are faster but costlier (11–24%). Top-up home loans are cheapest (8–10%) but require an existing home loan. If you have property and need a large amount (above ₹25L), LAP is usually the best option on cost.
What happens if I default on a LAP?
If you default for 90+ days, the account is classified as NPA (Non-Performing Asset). The bank can issue notice and initiate property auction under the SARFAESI Act without a court order. The property is typically auctioned at the reserve price, and any surplus after loan recovery is returned to you. Your CIBIL score takes a severe hit.
Loan Against Property Calculator India — EMI and eligible amount
LAP vs home loan — key differences
Home Loan: for property purchase/construction, rates 8–9.5%, tax benefits (Sec 24 + 80C). LAP: for any purpose, rates 9.5–12%, no direct tax benefit (unless used for business), no LTV cap difference but end-use flexibility. LAP is the go-to for businesses needing ₹25L–₹5Cr against their owned property without selling it.
LAP eligibility and documentation
Eligibility for LAP: clear title property (no disputes, fully constructed and registered), property in applicant's name, income proof to service the loan (typically FOIR below 50%), and credit score above 700. Required documents: property papers, income tax returns (2–3 years), bank statements, identity and address proof. Processing takes 2–4 weeks versus 1–2 weeks for personal loans.
Learn more from an authoritative source:
InvestopediaCalifornia Paycheck Calculator
Calculate your California take-home pay after federal tax, CA state income tax, SDI, and Social Security/Medicare — for any pay frequency.
California Income Tax Calculator
Calculate your 2024 California state income tax using the exact CA FTB brackets — from 1% up to 13.3% for million-dollar earners.
California Sales Tax Calculator
Calculate California sales tax by city — Los Angeles, San Francisco, San Diego, San Jose, Sacramento — with combined state + local rates.
California Property Tax Calculator
Estimate your California property tax under Proposition 13 — 1% base rate on assessed value, plus local bonds and special assessments by county.
California Rent Increase Calculator
Calculate the maximum allowable rent increase under AB 1482 (California's Tenant Protection Act) — 5% + local CPI, capped at 10%.
Texas Paycheck Calculator
Calculate your Texas take-home pay — Texas has no state income tax, so deductions are federal income tax, Social Security, and Medicare only.
Results are estimates for informational purposes only and do not constitute professional financial, medical, legal, or technical advice. Read full disclaimer →