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LAP EMI Calculator
Result
Chart
Show formula & working
EMI = P × r × (1 + r)n ÷ ((1 + r)n − 1)
P = loan amount, r = annual interest rate ÷ 12 ÷ 100, n = number of monthly instalments. Interest each month = balance at the start of the month × r; the rest of the EMI repays principal.Details
How this works
A loan against property is a secured loan on a home or commercial property you own. Rates are usually lower than personal loans and tenures longer, but the property is at stake if repayments stop.
Check the LTV: lenders typically lend a lower share of value on commercial or self-occupied property than on rented residential property.
Frequently asked questions
Can I prepay a LAP?
Floating-rate loans to individuals for non-business purposes carry no prepayment charge under RBI rules; business-purpose loans and fixed rates can differ by lender type and amount.
Is a drop-line overdraft cheaper?
Often, if you do not need the full amount all the time. Compare the structures with the Term Loan vs OD vs DLOD calculator.
Talk to Rytvae
Compare lenders, structure the loan and plan prepayments with someone who reads sanction letters for a living.