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
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
How to use the /lap-calculator
Use this /lap-calculator to , total interest, and eligible loan amount for a loan against property (lap) — using your property value and ltv ratio. Enter your values above and get your result in seconds. The tool is free, works on all devices, and keeps your data private — nothing is stored or shared.
How the /lap-calculator works
The loan against property calculator uses standard formulas used in financial planning, budgeting, and investment decisions. Enter your inputs, and the tool calculates the result instantly in your browser. No server-side processing means your data stays on your device. Results update in real time as you change inputs.
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.
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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 →