✓ Loan Against Property from ₹2 Lakhs to ₹15 Cr ✓ Multiple Lending Partners ✓ Interest Rates Starting @ 8.99%

The Loan Against Property (LAP) EMI Calculator is a feature that lets you understand the near-exact EMI (Equated Monthly Installment) amount that you will have to pay to service a Loan Against Property. A Loan Against Property EMI calculator essentially helps the borrower with the computation of the approximate amount they must keep aside on a monthly basis to pay off their dues on time.

How Does the Loan Against Property Calculator Help You?

The EMI calculator for LAP loan instruments is a digital tool that can enable you to stay financially healthy through the loan tenure. The EMI calculator for LAP loan helps you:

  1. Borrow within your means: The loan against property EMI calculator shows you key details such as the EMI and the total amount payable. By knowing your monthly instalment, you can decide how much to borrow.

    Similarly, by assessing the total interest payable by the end of the tenure, you can judge how your LAP loan affects other long-term financial goals. 

  2. Pick the right loan terms: Based on your capacity to repay, you can tweak the loan amount and the tenure. A lower loan amount makes repayment easier, but may not be ideal for your goals. A long tenure causes less strain on your monthly budget, but causes the total interest payable to increase. With the EMI calculator for LAP, you can find the sweet spot. All you have to do is adjust the values for the variables until you find the perfect balance.  

  3. Plan for prepayment: The calculator not only displays your loan against property EMI, but shows the breakup of the interest and principal components of each EMI in the amortisation table. This helps you gauge your interest savings when you repay your loan early.

How to use a Loan Against Property EMI Calculator?

The steps below explain how to use a loan against property EMI calculator:

  • Step 1: Enter the principal amount.

  • Step 2: Enter the preferred loan repayment tenure (in months).

  • Step 3: Enter the rate of interest that you expect on your loan offering.

Upon entering these details, the EMI calculator on loan against property displays the EMI, total interest, and total amount payable.

Now that you have understood the concept of a loan against property EMI calculator or mortgage loan calculator and how it works, it is time to take a look at some benefits of the tool.

Benefits of Loan Against Property EMI Calculator

A loan against property calculator or mortgage loan calculator is useful to prospective borrowers/homeowners for numerous reasons. Some benefits of a loan against property EMI calculator are: 

  • Easy to use: The loan against property EMI calculator is a simple tool. All you must do is enter the principal amount, expected interest rate, and the desired repayment tenure to know your EMI and total amount payable.

  • Accurate computation: If you calculate EMI on loan against property manually, you may end up with errors as the EMI formula is complex. Such a scenario is avoided when you use the online loan against property EMI calculator. With an EMI calculator, LAP loan repayment figures are shown instantly and correctly every time. 

  • Free of cost: The loan against property EMI calculator is free to use and is available online 24 hours a day and seven days a week. 

  • Helps you compare loan options: Different lenders offer loans at different interest rates and repayment tenures. With the EMI calculator for LAP available on Bajaj Markets, you can compare these options with ease by simply entering the loan details in the tool. This will help you decide which loan against property offer works best for you.

Factors Affecting LAP EMI Calculation

  • Principal amount: Higher loan amounts translate to higher EMIs. Hence, you must choose the principal amount wisely and as per your needs and capacity to repay. 

  • Loan repayment tenure: Long loan repayment tenures translate to smaller EMIs and vice-versa. However, long tenures also increase the interest component of your loan, consequently increasing the overall amount you pay to service the loan. Note that the repayment period offered will depend on your current age. 

  • Interest rate: The EMI and total amount payable hinges on the rate of interest offered by your lender. Higher interest rates lead to costlier EMIs and vice-versa. Note that the applicable interest rate will depend on factors such as the property being mortgaged, your credit score, and your monthly income.

The loan against property EMI calculator helps you determine your EMI, compare loan offers, and manage your overall financial budget at large. You can take a look at the LAP options available with lending partners of Bajaj Markets. After that, you can compare them using the calculator and then decide on which LAP offer suits you best.

FAQs on Loan against Property EMI

✔️What is a (Loan Against Property) LAP EMI Calculator?

A loan against property EMI calculator is a digital tool that helps you estimate the EMI applicable on a loan against property. Once you enter the loan amount, tenure and loan against property interest rate, the calculator displays the EMI and total amount payable. The EMI calculator for LAP is an essential tool for repayment planning.

✔️How does a Loan Against Property EMI Calculator work?

A loan against property EMI calculator is an algorithm-based tool that can be found on lender websites and platforms like Bajaj Markets. This intuitive tool uses the EMI formula to display key repayment figures. Once you enter the principal amount, preferred repayment tenure, and the expected rate of interest, the calculator does the math in the background. Instantly, it displays the EMI, total interest and total amount payable. 

✔️Is the Loan Against Property EMI Calculator and Eligibility Calculator Same or Different?

They are different tools. The loan against property eligibility calculator tells you whether you qualify for a loan and, if yes, for how much. It factors in details such as your income, and place of residence. 


Once you know how much you can borrow, you can use a loan against property EMI calculator to know your monthly instalment and zero-in on the ideal principal and tenure.

✔️Are there any charges associated with using LAP EMI Calculator?

No, the LAP loan EMI calculator is entirely free to use.

✔️How to use a Property Loan EMI Calculator or Mortgage Loan Calculator?

After you land on the page with the loan against property EMI calculator, all you must do is enter the following variables:

  • Principal amount

  • Preferred loan repayment tenure

  • Estimated rate of interest


Upon submitting the information, you will see an estimation of your EMI amount based on the data provided. You can also change the loan variables to compare multiple loan against property options, and then decide on an EMI that suits your repayment capacity.