Loan Against Property: Interest Rates and EMI Calculator
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MBA Finance | CFA | Ex-Banker
Published March 03, 2026
What is Loan Against Property?
Loan against property (LAP) is a secured loan using your residential or commercial property as collateral.
Key Features
- Loan amount: Up to 60-70% of property value
- Interest rate: 8.75% to 11% (lower than personal loan)
- Tenure: Up to 15-20 years
- Usage: Business expansion, education, medical, wedding
EMI Calculator Example
Loan: ₹20 lakhs, Rate: 9.5%, Tenure: 10 years
EMI: ₹25,800 approx
Documents: Property papers, income proof, ID proof, bank statements, IT returns.
About the Author
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Admin
MBA Finance | CFA | Ex-Banker
Financial expert with 15+ years of experience in banking and personal finance.