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Loan Against Property Calculator
EMI and eligible amount for a mortgage against residential or commercial property.
Enter values to see your result
Frequently asked questions
What is Loan Against Property?
LAP is a secured loan where you mortgage a residential, commercial, or industrial property in exchange for a lump sum. The lender places a lien on the property until the loan is repaid.
How is LAP different from a home loan?
A home loan finances property purchase. LAP lets you borrow against a property you already own, for any purpose (business, education, consolidation).
What tenure is allowed on LAP?
Typically 5–20 years. Longer tenure reduces EMI but increases total interest significantly.
Is LAP tax deductible?
Interest on LAP is deductible only if used for business (under Section 37) or residential construction. For personal use, there is no tax benefit.