Planning to take a Loan Against Property (LAP) from HDFC Bank? Use this calculator to see your monthly EMI, total interest payable, and full repayment schedule before you apply. Enter the loan amount, the rate quoted to you, and your tenure to get the complete picture instantly.
A Loan Against Property is a secured loan where you pledge your property — residential or commercial — as collateral. Because the loan is fully secured, LAP typically offers larger amounts and longer tenures than unsecured loans.
A Loan Against Property (LAP) is a secured loan where you mortgage an existing property — residential, commercial, or industrial — to borrow funds. The loan amount is a percentage of the property's market value as assessed by the lender. You retain ownership and use of the property while the loan is outstanding; the lender holds a charge on the property until full repayment.
LAP is often used for large business requirements, funding higher education abroad, medical expenses, or other significant financial needs where the required amount exceeds what an unsecured loan can offer.
LAP EMI is calculated using the reducing balance formula, identical to all term loans:
Interest is charged on the outstanding balance each month. As you repay the principal, the interest component of each EMI decreases and the principal component increases.
Exact requirements vary. Confirm with HDFC Bank directly before applying.
Enter the loan amount sanctioned based on your property's assessed value, the interest rate you are offered, and your preferred tenure in the calculator above. The monthly EMI, total interest, and full amortization schedule are calculated instantly.
The loan amount is a percentage (LTV) of your property's assessed market value. The LTV depends on the property type, location, and the lender's policy. The lender assesses the property value independently. Always confirm the applicable LTV directly with the lender.
A home loan is taken specifically to purchase or construct a property — the loan proceeds go to the seller or builder. A Loan Against Property is taken by mortgaging an existing property you already own — the funds can be used for any purpose. Home loans typically have lower rates than LAP.
If you default, the lender has the right to enforce the mortgage and recover dues by selling the pledged property. This is a serious consequence — always ensure the monthly EMI is well within your repayment capacity before taking a LAP. Use the calculator to check affordability at different tenures.
Interest rates, processing fees, and all other lender details change frequently and without notice. DigiCalc does not display, guarantee, or endorse any rates, fees, or terms from any lender. Always verify current figures directly with the lender before making any financial decision.
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