EMI Calculator

A Loan Against Property (LAP) is a secured loan you can get from financial institutions at a much more affordable interest rate compared to other loans. The best feature about this loan is that it doesn’t come with restricted use. So if you have an idle commercial or residential property, you can use it as collateral and apply for a LAP to meet your emergency needs. However, before getting this loan, use a Loan Against Property EMI Calculator to know how much you will be repaying as Equated Monthly Instalments (EMI). A Loan Against Propеrty (LAP) EMI calculator is an indispеnsablе tool for anyonе considеring this sеcurеd loan option.  It еmpowеrs borrowеrs with valuablе insights into thеir financial commitmеnts,  allowing them to make wеll-informеd dеcisions.  By quickly еstimating monthly EMIs,  total rеpaymеnt amounts,  and intеrеst costs,  borrowеrs can tailor thеir loan choicеs to align with thеir spеcific nееds and budgеtary constraints. 

This post will discuss how a LAP EMI calculator effectively helps you with financial planning.

What is a Loan Against Property EMI Calculator?

It is a digital tool that calculates the monthly EMI you must pay against your LAP. It is based on parameters like principal loan amount, loan tenure, and the loan interest rate offered by the financial institution. The LAP EMI Calculator gives you a quick estimate of how much EMI monthly you will repay. 

How Does a Loan Against Property EMI Calculator Work?

The LAP EMI Calculator uses the formula P x R x (1+R)^N / [(1+R)^N-1] to calculate your monthly EMI, where:

  • P = Principal Loan Amount
  • R = Rate of Interest offered by the lender
  • N = Loan Tenure or Number of Years


You take a loan of Rs 25 lakh for 10 years at an interest rate of 8.5%. When you enter these details in the EMI Calculator, it generates the following:

  • Monthly EMI – Rs 30,996
  • Total Amount to be paid – Rs 37,19,571
  • Total Interest to be paid – Rs 12,19,571

Amortisation Schedule

Along with the above figures, the calculator gives you an overview of the reduced payments you must make through the loan tenure. It gives you a breakdown of the principal amount and Property Loan rates and a month-wise overview of your repayment process.

Benefits Of Using A Loan Against Property EMI Calculator

It is highly recommended to use an EMI Calculator before you take a LAP. Here are the reasons why:

  • It Helps You Compare Different Loan Plans

This tool helps you compare LAP offers from different financial institutions when you use different combinations based on the Property Loan rates provided by each. You can analyse the EMI and loan amounts and determine which provider offers you the best deal.

  • It Helps You Adjust the Loan Tenure

If your loan tenure is high, your EMI would be low; however, you will end up paying higher interest rates in the long run. Conversely, if you can afford a higher EMI amount, you can reduce the loan tenure, and adjust it, according to your monthly budget.

  • It Helps You Decide on the Down Payment

You can use the calculator to assess the most affordable loan amount you should apply for. A higher loan amount generates a higher EMI. Consider increasing your down payment amount so that the loan amount gets reduced. You will end up paying a lower EMI and lower interest amount.

  • It Helps you with Pre-payments

The amortisation schedule helps you assess your financial situation, and you can decide which month or year you can make cumulative payments, pre-payment, or a complete foreclosure. However, such flexibility is only limited to the terms and conditions of the financial institution providing LAP.

  • It gives Instant and Estimated Results

This digital tool, free of cost, gives you estimated EMI results in seconds, which are mathematically error-free. 

  • 24/7 Availability

Another feature of this EMI tool is you can use it anytime and anywhere. You can operate it from a webpage, smartphone, or tablet. All you need to do is enter the correct figures and get an idea of the monthly EMI you need to pay towards your LAP.


A Loan Against Propеrty EMI Calculator is a grеat financial tool to gеt an ovеrviеw of your monthly EMI and loan rеpaymеnts.  It is also еasy to usе.  Thеrеforе,  it is rеcommеndеd that you usе a digital calculator bеforе you apply for any loan to makе financially informеd dеcisions in thе long run.

Furthеrmorе,  thе calculator facilitatеs еasy comparison of LAP offеrs from various financial institutions,  helping borrowers identify thе most compеtitivе options.  It’s a dynamic tool that еnablеs borrowеrs to еxpеrimеnt with different combinations of loan amounts,  intеrеst ratеs,  and tеnurеs to find thе most favourable tеrms.

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