Tata Capital Loan Against Property

Loan Against Property Calculator — Compare Before You Apply to Tata Capital

Planning a Loan Against Property (LAP)? Use this calculator to see your monthly EMI, total interest, and full repayment schedule before you apply. Enter the loan amount, the rate you are quoted, and your tenure.

LAP is a secured loan where you pledge an existing property as collateral. It typically offers larger amounts and longer tenures than unsecured loans.

What Is a Loan Against Property?

A Loan Against Property (LAP) is a secured loan where you mortgage an existing property — residential, commercial, or industrial — to borrow funds. You retain ownership while the loan is outstanding.

How LAP EMI Is Calculated

EMI = P × r × (1+r)ⁿ / [(1+r)ⁿ − 1]
Where P = Loan amount, r = monthly rate, n = months

Key Concepts

LTV — lenders finance a percentage of the property's assessed value. LTV depends on property type and lender policy.
Property type — residential typically commands a higher LTV than commercial.
Tenure — LAP tenures can be long. Longer tenure = lower EMI but higher total interest.
Risk — defaulting can result in the lender enforcing the mortgage. Always ensure the EMI is within your repayment capacity.

Documents Typically Required

Identity and address proof
Income proof — salary slips or IT returns
Property documents — title deed, sale deed, approved plan
Bank statements — typically 12 months

Frequently Asked Questions

How do I calculate my LAP EMI?

Enter the sanctioned loan amount, the rate you are offered, and your tenure in the calculator above. Monthly EMI, total interest, and full amortization schedule are calculated instantly.

How much can I borrow against my property?

The loan is a percentage (LTV) of your property's assessed market value. LTV depends on property type and lender policy — always confirm directly with the lender.

What is the difference between a home loan and LAP?

A home loan funds property purchase. LAP uses an existing property as collateral and the funds can be used for any purpose. Home loans typically carry lower rates than LAP.

What if I default on my LAP?

The lender has the right to enforce the mortgage and recover dues from the pledged property. Always ensure the EMI is comfortably within your repayment capacity before taking a LAP.

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Loan Against Property CalculatorCompare Before You Apply to Tata Capital