Loan Against Property EMI Calculator
A loan against property is a secured borrowing where you pledge a residential or commercial property. LAP rates are 100-200 bps above home loans but far below personal loans. Use this calculator to plan your EMI before you sign a mortgage.
By FinancePaisa Editorial Team · Research & editorialUpdated
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%
Compare lenders’ current rates on the loan rates page.
years
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Paid after every 12th EMI, with the EMI kept the same so the loan closes sooner.
What this means
Every ₹1 lakh you borrow costs ₹1,075 a month on these terms.
Cutting the tenure to 10 years raises the EMI to ₹33,038 but saves ₹8.71 lakh in interest.
Your monthly EMI₹26,865
Principal 52%Interest 48%
Principal₹25.00 lakh
Total interest₹23.36 lakh
Total you repay₹48,35,723
Could you pay it off faster? Try the prepayment calculatorYear-by-year schedule
| Year | Principal paid | Interest paid | Split | Balance at year end |
|---|---|---|---|---|
| 1 | ₹75,793 | ₹2,46,589 | ₹24,24,207 | |
| 2 | ₹83,729 | ₹2,38,652 | ₹23,40,478 | |
| 3 | ₹92,497 | ₹2,29,885 | ₹22,47,981 | |
| 4 | ₹1,02,183 | ₹2,20,199 | ₹21,45,798 | |
| 5 | ₹1,12,883 | ₹2,09,499 | ₹20,32,915 | |
| 15 | ₹3,05,578 | ₹16,804 | ₹0 |
- Year 1Balance ₹24,24,207Principal ₹75,793Interest ₹2,46,589
- Year 2Balance ₹23,40,478Principal ₹83,729Interest ₹2,38,652
- Year 3Balance ₹22,47,981Principal ₹92,497Interest ₹2,29,885
- Year 4Balance ₹21,45,798Principal ₹1,02,183Interest ₹2,20,199
- Year 5Balance ₹20,32,915Principal ₹1,12,883Interest ₹2,09,499
- Year 15Balance ₹0Principal ₹3,05,578Interest ₹16,804
Figures use the standard reducing-balance method and are rounded to the nearest rupee. Your lender's schedule may differ slightly because of rounding and the date of your first EMI.
How LAP EMI works
LAP is a term loan with a fixed EMI. It uses the standard reducing-balance formula. At ₹25 lakh, 10%, 15 years, EMI is roughly ₹26,865 and total interest over the tenure is about ₹23.4 lakh - close to the loan amount itself, which is why tenure choice matters a lot.
Rate benchmarks for LAP
- 9-10.5% — top-tier private banks, prime property, strong credit
- 10.5-12% — standard salaried and self-employed applicants
- 12-14% — NBFC LAP for less mainstream property or profile
- 14%+ — avoid; usually indicates a high-risk lender or thin file
When to prefer LAP
- You need ₹10 lakh+ and would otherwise pay 15-20% on unsecured credit
- You have property with clear title and don't need to sell it
- Your borrowing horizon is 5+ years — LAP's longer tenure lowers EMI
- You want tax deduction on interest if the loan is used for business
Frequently asked questions
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