Loan Against Property Calculator

A loan against property (LAP) lets you borrow using real estate you already own \u2014 residential or commercial \u2014 as collateral, without selling it. Because the loan is secured, LAP typically offers lower interest rates and higher loan amounts than unsecured personal loans, often with longer repayment tenures to match.

The trade-off is risk: since your property secures the loan, sustained missed payments can eventually put the property at risk. Loan amounts are usually capped as a percentage of the property's appraised value (commonly 50\u201370%), so it's worth getting a realistic valuation before assuming a specific loan amount is available to you.

A ₹30,00,000 loan against property at 9.5% over 15 years produces an EMI of roughly ₹31,320/month, with total interest over the term around ₹26,37,600 — notably lower than an unsecured loan of the same size would cost, reflecting the lower risk from property-backed collateral.

A loan against property typically costs more than a home purchase mortgage (since the funds aren't tied to buying the property itself) but less than an unsecured personal loan (since real estate still backs it) — understanding where LAP sits on that spectrum helps set realistic expectations for the rate you'll be offered.