Mortgage / LAP Calculator
Loan Against Property — secured by mortgaging residential or commercial property. Indian LAP rates 9–12%, LTV 60–70%, tenure up to 15 years.
🇮🇳All amounts in ₹ INR · India tax law · FY 2025–26
Loan inputs
Monthly EMI
₹40,480
Total interest
₹18,57,660
Total payment
₹48,57,660
LAP basics in India
- LTV: 60–70% of market value of property.
- Used for business expansion, child education abroad, large medical, debt consolidation.
- Cheaper than personal loan (secured), more expensive than home loan.
- Tax benefit only if proceeds are used for business or another house — keep documented trail.
Yes if equity (market value − outstanding home loan) is substantial. The new loan becomes a second charge or refinance.