Can I modify the loan amount and interest rate using the LAP EMI calculator?

Yes, you can use Tata Capital’s LAP EMI calculator to experiment with different scenarios by changing the loan amount, interest rate, or tenure. For example, you might: See what your EMI becomes if you increase the loan amount Check how EMI drops if you lower the interest rate Extend or shorten the loan term to fit the monthly budget

What type of property can be mortgaged for LAP?

Tata Capital accepts various types of property as collateral for a Loan Against Property (LAP). The eligible property types include: Residential property: Self-occupied or rented flats or apartments. Commercial property: Shops, retail outlets, and office spaces. Industrial property: Manufacturing or warehousing units. Co-owned property Vacant plot

Are taxes and other fees included in the EMI calculation?

No, the Tata Capital LAP EMI calculator gives you an estimate based on loan amount, interest rate, and tenure only. It excludes charges like stamp duty, insurance, legal or processing fees. Included in EMI Calculator Excluded from EMI Calculator Loan principal Processing fee Interest amount Stamp duty Tenure-based EMI calculation Insurance Administrative charges

What are the tax benefits of a loan against property?

Under Section 24(b): If you use the LAP to buy, build or renovate a residential property, you can claim a deduction of up to Rs. 2 lakh per year on the interest paid. Under Section 37(1): If the loan is used exclusively for business purposes, you may deduct the interest and related fees as business expenses.

Loan Against Property EMI Calculator Online

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Loan Against Property
EMI Calculator

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Overview Required Documents Rates & Charges Calculator EMI Options

Calculate Your Loan Against Property EMI Calculator

Loan amount

₹

₹75,000 ₹35,00,000

Loan duration

1 Years 6 Years

Rate of interest

10% p.a 19% p.a

Monthly EMI

Total Amount Payable

0*
Total Interest Payable

0*

Total Amount Payable

Total Interest Payable

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Disclaimer: The aforementioned values, calculations and results are for illustrative and informational purposes only and may vary basis various parameters laid down by Tata Capital.

What is a Loan Against Property EMI Calculator?

Worried about loan EMIs disturbing your monthly budget? Tata Capital’s loan against property EMI calculator is just for you.

Using the free tool, you can calculate how much your loan repayments might be even before you apply for the loan! All you have to do is enter key details: loan amount, loan tenure, and interest rate, and allow the calculator to do its magic. Within seconds, the amount of the equated monthly instalments (EMIs) you need to pay will appear on the screen, allowing you to plan your finances better.

If you think the EMI exceeds what you can afford to pay from your monthly budget, you can edit the principal loan amount, loan tenure, and interest tenure accordingly till you arrive at a suitable EMI amount.

Whether you are securing a loan against property for purchasing a house, planning your dream vacation, or for personal or business needs, the calculations of this intuitive tool can simplify decision-making. What’s more? An EMI calculator for a loan against property ensures borrowers make informed financial decisions to achieve their financial goals.

Tata Capital’s loan against property EMI calculator gives you an estimated figure for the total monthly instalment payments along with the complete breakup of the repayment process. You learn the total amount payable and the total interest payable, enabling you to strategize your repayment schedule in advance and find a perfect balance between your loan requirements and repayment capacity.

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How to calculate your EMI using LAP Calculator?

Our loan against property calculator will help you calculate your potential EMIs instantly. All you have to do is enter the following details in the LAP loan EMI calculator-

Loan Against Property Loan Amount- Enter the loan amount in the LAP loan EMI calculator.
Interest Rate- Interest rate starts from 9*% (19% for SBL Micro LAP) But you can adjust the rate of interest in the loan against property EMI calculator.
Loan Tenure- Next step in the EMI calculator for loan against property is entering your desired loan tenure. Tata Capital offers you maximum tenure (upto 10 years for SBL Micro Loan Against Property (LAP)
Click the Calculate button at the bottom of the loan against property EMI calculator. The system shows your EMI monthly break-up of both the interest and principal payment.
If the Loan Against Property EMI calculator result is higher or lower than you want to pay, edit the principal amount and follow the same steps from 2 to 4.

How Does a Loan Against Property Calculator Work?

A loan against property EMI calculator requires you to enter details like the loan principal, preferred interest rate, and repayment duration. After this, the EMI calculator for LAP uses a formula to calculate your potential EMIs.

EMI= [P x R (1+R) N]/ [ (1+R) N-1]

Here
P is the principal loan amount
R is the rate of interest
N is the number of instalments

Let’s understand with the help of an example:

If you borrow Rs. 20,00,000 against your property at an annual interest rate of 9% for a tenure of 10 years, here’s what your EMI calculation will look like based on the three key inputs:

P = Rs. 20,00,000

R = 9% converted into a monthly rate = 9/12/100 = 0.0075%

N = 10 years × 12 months = 120 months

Here’s what your EMI calculation would look like:

EMI = Rs. [20,00,000 × 0.0075 × (1 + 0.0075) ^ 120] / [(1 + 0.0075) ^ 120 - 1] = Rs. 25337.6981 ~ Rs. 25,335

Calculating this value manually can be time-consuming. But with a loan against property calculator, you will get instant results.

Why Tata Capital’s LAP EMI Calculator is Different?

Tata Capital’s mortgage loan EMI calculator stands out for its user-friendly design, accuracy, and smart features that simplify financial planning. Unlike other available tools, it offers real-time interest rate updates, ensuring your EMI estimates indicate the latest lending terms. This helps you make informed decisions based on current market conditions.

The loan against property EMI calculator also provides flexible tenure customization, allowing you to adjust the repayment period and instantly view its impact on your EMI. Whether you are planning for a short-term or long-term loan, the tool adapts to your needs. Its accuracy delivers a close approximation of your actual EMI, helping you plan your monthly budget confidently.

Tata Capital’s mortgage loan calculator isn’t just a tool; it’s a reliable financial guide designed to help you find the right balance between loan amount, interest rate, and tenure, making your borrowing experience well-planned, transparent, and hassle-free.

Key factors affecting your loan against property EMI calculator

The results of a LAP loan EMI calculator are primarily influenced by three key factors:

Loan amount

The EMI is directly proportional to the loan amount. A higher loan amount means a higher EMI, as the total sum to be repaid increases. Borrowers should carefully assess how much they require, since even a small increase in the loan amount can significantly impact monthly payments.

Interest rate

The interest rate has a major impact on EMI calculations. A higher interest rate raises the overall cost of borrowing and results in larger EMIs. Conversely, securing a lower rate based on your credit score, income stability, or lender relationship can make the loan more affordable over time.

Loan tenure

The tenure, or repayment period, determines the number of EMIs you need to pay and the division of the total amount. Longer tenures reduce monthly EMIs, easing the short-term financial burden. However, this also increases the total interest paid over the life of the loan. Shorter tenures lead to higher EMIs but reduce the interest payable.

Benefits of Mortgage Loan EMI Calculator

A loan against property calculator is an excellent tool to calculate your potential EMIs instantly. The properly loan EMI calculator allows you to perform complex calculations quickly. Here are some other features of Tata Capital’s EMI calculator for loan against property-

Quick - Use our loan against property calculator and say goodbye to time-consuming manual calculations.
Accurate - Generate error-free results with our EMI calculator for LAP.
Free - Use our loan against property EMI calculator for free as many times as you want.
Easy-to-use - Our LAP EMI calculator is easy to use. Just enter the details and get the results instantly.
Multiple combinations - Use our loan against property calculator to try multiple combinations of the principal amount, tenure, and interest rate to get an EMI that fits your requirements.
24*7 access - You can access our mortgage loan EMI calculator to generate potential EMIs whenever you want.

FAQs On Loan Against Property Calculator

A Loan Against Property (LAP) EMI calculator is a free tool by Tata Capital that estimates your monthly installments when borrowing against property. It depends on three factors: loan amount, interest rate, and repayment tenure.

Tata Capital’s official website offers customers a loan against property EMI calculator. This calculator helps you plan your finances beforehand by allowing you to calculate your monthly installments. To use the loan against property EMI calculator, all you need to do is feed in the following information:

Loan amount
Interest rate
Loan tenure

Based on the above information, the calculator will estimate your monthly EMI, total amount payable, and total interest payable.

Yes, you can use Tata Capital’s LAP EMI calculator to experiment with different scenarios by changing the loan amount, interest rate, or tenure. For example, you might:

See what your EMI becomes if you increase the loan amount
Check how EMI drops if you lower the interest rate
Extend or shorten the loan term to fit the monthly budget

No, Tata Capital's LAP EMI Calculator does not assess loan eligibility. It is designed solely to estimate monthly EMIs based on loan amount, interest rate, and tenure. To determine eligibility, you should use the dedicated LAP Eligibility Calculator available on Tata Capital's website.

You can get a loan amount of up to Rs. 10 crores against your property with Tata Capital. Consider using our free and user-friendly loan against property calculator to determine your monthly EMI, total amount payable, and total interest payable.

Tata Capital accepts various types of property as collateral for a Loan Against Property (LAP). The eligible property types include:

Residential property: Self-occupied or rented flats or apartments.
Commercial property: Shops, retail outlets, and office spaces.
Industrial property: Manufacturing or warehousing units.
Co-owned property
Vacant plot

No, the Tata Capital LAP EMI calculator gives you an estimate based on loan amount, interest rate, and tenure only. It excludes charges like stamp duty, insurance, legal or processing fees.

Included in EMI Calculator	Excluded from EMI Calculator
Loan principal	Processing fee
Interest amount	Stamp duty
Tenure-based EMI calculation	Insurance
	Administrative charges

The LAP loan EMI calculator is ideal for planning your finances. Apart from estimating the EMI for you, the loan against property calculator can also be used to calculate partial pre-payments.

You can deduct the partial-prepayment amount from the outstanding loan once you decide on it. This remaining loan will now become your principal loan amount, which can be entered into the EMI calculator to find out your new and improved monthly EMI.

The loan against property EMI calculator uses the basic EMI formula,

EMI = [P x R (1+R) N]/[(1+R) N-1]

Here, the interest rate is fixed and doesn’t change every year. In the case of a fluctuating interest rate, the interest rate might increase or decrease based on the RBI’s policies or market conditions. Hence, a standard EMI calculator cannot compute the EMI for a fluctuating interest rate.

The key difference between flat and reducing (declining balance) interest rates lies in how interest is calculated. In a flat rate, interest is charged on the full loan amount throughout the tenure. In a reducing balance method, interest is charged only on the remaining principal.

Flat rate: Interest on the full principal for the entire loan tenure.
Reducing balance: Interest recalculated on the outstanding balance after each EMI.

Under Section 24(b): If you use the LAP to buy, build or renovate a residential property, you can claim a deduction of up to Rs. 2 lakh per year on the interest paid.
Under Section 37(1): If the loan is used exclusively for business purposes, you may deduct the interest and related fees as business expenses.