Loan Against Property EMI Calculator

SHARE
MONTHS
%
Yearly/monthly repayment schedule
2025
MonthBeginning balanceEMIPrincipalInterestEnding Balance
Jul20,00,00063,59948,59915,00019,51,401
Aug19,51,40163,59948,96414,63619,02,437
Sep19,02,43763,59949,33114,26818,53,106
Oct18,53,10663,59949,70113,89818,03,405
Nov18,03,40563,59950,07413,52617,53,331
Dec17,53,33163,59950,44913,15017,02,882
2026
MonthBeginning balanceEMIPrincipalInterestEnding Balance
Jan17,02,88263,59950,82812,77216,52,054
Feb16,52,05463,59951,20912,39016,00,845
Mar16,00,84563,59951,59312,00615,49,252
Apr15,49,25263,59951,98011,61914,97,272
May14,97,27263,59952,37011,23014,44,902
Jun14,44,90263,59952,76310,83713,92,139
Jul13,92,13963,59953,15810,44113,38,981
Aug13,38,98163,59953,55710,04212,85,424
Sep12,85,42463,59953,9599,64112,31,465
Oct12,31,46563,59954,3639,23611,77,102
Nov11,77,10263,59954,7718,82811,22,331
Dec11,22,33163,59955,1828,41710,67,149
2027
MonthBeginning balanceEMIPrincipalInterestEnding Balance
Jan10,67,14963,59955,5968,00410,11,553
Feb10,11,55363,59956,0137,5879,55,540
Mar9,55,54063,59956,4337,1678,99,107
Apr8,99,10763,59956,8566,7438,42,251
May8,42,25163,59957,2836,3177,84,968
Jun7,84,96863,59957,7125,8877,27,256
Jul7,27,25663,59958,1455,4546,69,111
Aug6,69,11163,59958,5815,0186,10,530
Sep6,10,53063,59959,0214,5795,51,510
Oct5,51,51063,59959,4634,1364,92,047
Nov4,92,04763,59959,9093,6904,32,138
Dec4,32,13863,59960,3583,2413,71,780
2028
MonthBeginning balanceEMIPrincipalInterestEnding Balance
Jan3,71,78063,59960,8112,7883,10,969
Feb3,10,96963,59961,2672,3322,49,702
Mar2,49,70263,59961,7271,8731,87,975
Apr1,87,97563,59962,1901,4101,25,785
May1,25,78563,59962,65694363,129
Jun63,12963,59963,1264733
EMI payable
Total Interest
Payable amount1

A Loan Against Property (LAP) EMI Calculator helps you estimate your monthly repayments with ease, giving you better control over your financial planning. With interest rates generally ranging between 8.00% and 15.00% per annum, depending on your profile and lender policies, you can use the calculator to get an instant EMI breakdown. 

What Is Loan Against Property EMI Calculator?

A Loan Against Property EMI Calculator is an online tool that helps you quickly estimate the monthly instalment (EMI) you’ll need to pay when you take a loan by mortgaging your residential or commercial property. By entering the loan amount and tenure, the calculator provides an accurate EMI amount, helping you plan your finances better.

How Can Loan Against Property Calculator Help You?

A Loan Against Property EMI Calculator is a simple yet powerful tool that helps borrowers make informed decisions. It saves time, eliminates guesswork, and provides financial clarity before applying for the loan. Here are some key benefits:

  • Quick and Accurate: Instantly calculates EMIs based on your input values.
  • Easy Financial Planning: Helps you budget better by showing the monthly outflow.
  • Customisable: Allows you to try different loan amounts and tenures to find the best fit.
  • No Manual Errors: Eliminates the risk of calculation mistakes.
  • Free and Accessible: Available online at no cost, anytime you need it.

How To Use Loan Against Property EMI Calculator?

When you're using the LAP EMI Calculator, you will have to input the following details: 

  • Principal Amount: This is the amount you will receive as a loan. You can get up to 90% of the loan against the property market price, but generally it can range from 50-70%. You will have to enter the amount you want to receive.
  • Loan Tenure: This is the time frame you will have to pay your EMI. The longer the EMI tenure you choose, the lower your monthly payment will be, and vice versa. You will typically enter this in years or months.
  • Interest Rate: This is the annual percentage your lender charges, varying based on your credit score, income, and the value of your property.

After inputting these details, the LAP EMI calculator will automatically calculate using the formula, giving you the monthly EMI, principal amount, total interest, and total amount. This will enable you to make an informed financial decision, as it will help you understand your monthly obligations and the overall cost of the loan. 

Home Loan EMI Calculation Formula

The formula used for Home Loan EMI Calculation is as follows:

EMI = [P x r x (1+r)^n]/[(1+r)^n-1]

Where,

  • P = loan amount
  • r = monthly interest rate calculated monthly
  • n = loan duration in months

Loan Against Property EMI Calculator Example

Let’s assume an individual takes a Loan Against Property of ₹50 lakh for a tenure of 15 years (180 months) at an annual interest rate of 9.5%.

  • Principal (P) = ₹50,00,000
  • Annual Interest Rate = 9.5%
  • Monthly Interest Rate (r) = 9.5 / 12 / 100 = 0.00791667
  • Loan Tenure (n) = 15 × 12 = 180 months

EMI = [P x r x (1+r)^n]/[(1+r)^n-1]

EMI = [50,00,000 × 0.00791667 × (1 + 0.00791667)^180] / [(1 + 0.00791667)^180 – 1]

EMI = [50,00,000 × 0.00791667 × (1.00791667)^180] / [(1.00791667)^180 – 1]

EMI = [50,00,000 × 0.00791667 × 3.865385] / [3.865385 – 1]

EMI = ₹152,886.86 / 2.865385

EMI ≈ ₹53,356

Benefits Of Loan Against Property EMI Calculator:

Here are some of the benefits of using the Loan Against Property EMI calculator:

  • Instant and Accurate Calculations: Provides quick and precise EMI amounts, reducing manual errors and saving borrowers valuable time.
  • Facilitates Better Financial Planning: Borrowers can plan their budget effectively, assess their repayment within the tenure, helping them plan their finances to avoid future monetary difficulties. 
  • Enables Customisation and Transparency: Users can experiment with different loan structures and view an amortisation schedule, which provides a clear breakdown of each repayment along with the total cost of the loan.
  • Supports Informed Decision-Making and Negotiation: the calculator provides a clear understanding of potential EMIs and total loan costs, helping borrowers to make well-informed decisions and potentially negotiate better terms with lenders.

Tax Benefits for Loan Against Property

The tax benefits for a loan against property are defined in Sections 24(b) and 37(1) of the Income Tax (IT) Act, 1961, as described below: 

Section 24(b)

  • Salaried individuals who secure a loan against property to buy a residential property can claim tax deductions of up to Rs. 2 lakh. 
  • The tax dedication is applied to the interest paid for the loan. To claim the deductions, you will have to submit documents to prove the purchase of the property.

Section 37(1)

  • If you secure a loan against property for business purposes, you can claim tax deductions for the interest paid on the loan.

A Loan Against Property EMI Calculator is a practical tool that simplifies the borrowing process. From estimating your EMIs to visualising the total cost of your loan, it helps you approach one of the most significant financial decisions with clarity and confidence. Using the calculator before applying to plan your repayment better and control your finances throughout the loan tenure. 

Related Loan EMI Calculators

Personal Loan EMI CalculatorHome Loan EMI CalculatorCar Loan EMI Calculator
Bike Loan EMI CalculatorBusiness Loan EMI CalculatorCredit Card EMI Calculator
Personal Loan Eligibility CalculatorHome Loan Eligibility CalculatorGold Loan EMI Calculator

Frequently Asked Questions

Which bank is best for a loan against property?

Stating which bank is best for a loan against property is difficult as the decision mainly depends on your objectives and repayment capability.

What is the interest rate on a loan against property?

The interest rate on loans against property depends on various factors and the financial institution, though they generally start from around 9% p.a.

How many days does it take for a loan against property?

Lending institutions can take varying amounts of time to lend against property, depending on various factors. 

What is the maximum tenure for a loan against property?

The maximum tenure lenders provide to repay the loan against property is generally up to 20 years.

Can an NRI get a loan against property in India?

Yes, NRIs can also get a loan against the property they own in India. You can ask your lending institution about the steps involved.

Clear offers taxation & financial solutions to individuals, businesses, organizations & chartered accountants in India. Clear serves 1.5+ Million happy customers, 20000+ CAs & tax experts & 10000+ businesses across India.

Efiling Income Tax Returns(ITR) is made easy with Clear platform. Just upload your form 16, claim your deductions and get your acknowledgment number online. You can efile income tax return on your income from salary, house property, capital gains, business & profession and income from other sources. Further you can also file TDS returns, generate Form-16, use our Tax Calculator software, claim HRA, check refund status and generate rent receipts for Income Tax Filing.

CAs, experts and businesses can get GST ready with Clear GST software & certification course. Our GST Software helps CAs, tax experts & business to manage returns & invoices in an easy manner. Our Goods & Services Tax course includes tutorial videos, guides and expert assistance to help you in mastering Goods and Services Tax. Clear can also help you in getting your business registered for Goods & Services Tax Law.

Save taxes with Clear by investing in tax saving mutual funds (ELSS) online. Our experts suggest the best funds and you can get high returns by investing directly or through SIP. Download Black by ClearTax App to file returns from your mobile phone.

Cleartax is a product by Defmacro Software Pvt. Ltd.

Privacy PolicyTerms of use

ISO

ISO 27001

Data Center

SSL

SSL Certified Site

128-bit encryption