About the Loan Against Property Calculator
A Loan Against Property (LAP) lets you unlock value from a residential or commercial property you already own, without selling it, typically for a larger amount and a lower rate than an unsecured loan. This calculator works out your monthly EMI, total interest and total repayment for a LAP, so you know the real cost before you pledge your property.
Who should use this calculator
Property owners (often self-employed individuals and business owners) needing a larger sum than an unsecured loan allows, for purposes like business capital, funding a child's education abroad, a medical event, or consolidating costlier debt.
Loan Against Property interest rates in India
Loan Against Property rates in India typically range from about 9.5% to 16% per year, depending on the property type, the loan-to-value ratio requested, and your income profile. Residential property usually gets better terms than commercial property, and a lower loan-to-value ask generally attracts a better rate.
Documents required for a Loan Against Property
- PAN card and a valid identity and address proof
- Complete property documents and the title chain
- Income documents or ITR
- Bank statements for the last six months
- A property valuation report from the lender's approved valuer
Tips to get your Loan Against Property approved faster
- Keep property documents and the title chain complete and clear, legal verification is usually what slows a LAP down.
- Ask for the loan-to-value against the actual valuation used, not just a headline percentage quoted upfront.
- Compare foreclosure charges, which can be higher on LAP than on a regular home loan, especially for non-individual borrowers.
- Consider a lower loan-to-value ask if you can, it usually improves both the rate offered and the approval odds.
Considering a Loan Against Property for business capital or a large expense? A Kaithi Finance loan expert can walk you through the numbers on WhatsApp, free of charge.
Loan against property interest rates in India (September 2026)
LAP is secured against residential or commercial property you already own, so it is far cheaper than an unsecured business or personal loan, but it is not as cheap as a home loan, because the money is not being used to buy the property. Expect a loan-to-value of 50–70%.
| Lender type | Typical rate (p.a.) | Typical max tenure | Best suited to |
|---|---|---|---|
| Public sector banks | 9.00% – 11.00% | 15–20 years | Salaried, clean title, self-occupied |
| Private banks | 9.50% – 12.50% | 15 years | Faster processing, higher LTV |
| Housing finance companies | 10.00% – 13.50% | 15 years | Self-employed, varied income proof |
| NBFCs | 11.00% – 16.00% | 10–15 years | Commercial property, complex titles |
Indicative ranges as of September 2026, compiled from publicly advertised lender pricing. Rates are personalised to your credit score, income and loan-to-value, and change without notice. Always confirm the current rate, spread and reset frequency in your lender's Key Fact Statement before signing.
Loan against property EMI per ₹1 lakh
Multiply the figure below by your loan amount in lakhs to get a quick EMI estimate, a ₹25 lakh loan is simply 25 × the per-lakh EMI. Use the calculator above for the exact figure including processing fees.
| Rate (p.a.) | 5 yr | 10 yr | 15 yr | 20 yr |
|---|---|---|---|---|
| 9% | ₹2,076 | ₹1,267 | ₹1,014 | ₹900 |
| 10% | ₹2,125 | ₹1,322 | ₹1,075 | ₹965 |
| 11% | ₹2,174 | ₹1,378 | ₹1,137 | ₹1,032 |
| 12% | ₹2,224 | ₹1,435 | ₹1,200 | ₹1,101 |
| 13% | ₹2,275 | ₹1,493 | ₹1,265 | ₹1,172 |
Before you apply, worth checking
- a home loan, cheaper still, if the borrowing is actually to buy the property.
- an unsecured business loan, faster, but materially more expensive.
- how lenders assess borrowing capacity, LAP is judged on both the property and your income.
Frequently asked questions
What is a good interest rate for a Loan Against Property in India?
Loan Against Property rates in India typically range from about 9.5% to 16% per year, depending on the property type, the loan-to-value requested and your income profile. Residential property usually attracts a better rate than commercial property.
How much can I borrow against my property?
Lenders typically cap the loan at a percentage of the property's assessed market value (the loan-to-value ratio), commonly in the range of 50% to 70% for a Loan Against Property. Use the calculator above once you have an estimated amount to see the EMI.
Can Kaithi Finance help me get a better LAP rate?
Yes. Message us on WhatsApp with your property and funding requirement and we will help you compare real offers across lenders.
How much can I borrow against my property?
Lenders typically advance 50–70% of the property's assessed market value, lower for commercial or rented property than for self-occupied residential. Their own valuer's figure governs, and it is frequently below what you believe the property is worth.
Is a loan against property cheaper than a business loan?
Materially so. LAP typically runs 9–13% against 15–24% for an unsecured business loan, because your property secures it. The trade-offs are a slower process (legal and technical verification) and real risk to the property if you default.
Can I take a loan against a property that still has a home loan?
Yes. This is a top-up or a second charge, subject to sufficient equity after the outstanding home loan. Your existing lender is usually the easiest route; moving the whole facility to a new lender means a balance transfer plus top-up.
What tenure should I pick for a LAP?
LAP allows up to 15–20 years, but a long tenure on a large principal produces very high total interest. If the purpose is a business need with a defined payback, match the tenure to that rather than defaulting to the maximum on offer.
Can I get a LAP on commercial or rented property?
Yes, though at a lower loan-to-value and a higher rate than self-occupied residential. Some lenders also offer lease-rental discounting against the rent a commercial property earns, which is priced differently again.