Compute your EMI, check eligibility via DSCR & LTV ratios, and analyze the complete cost of your property-backed loan. Get instant, accurate results with a detailed amortization schedule.
for 15 years at 10.5% p.a.
| Year | Principal Paid | Interest Paid | Remaining Balance | Cumulative Interest |
|---|
A Loan Against Property (LAP) is a secured loan where your residential or commercial property is used as collateral. The EMI is calculated using the standard reducing balance method, which is the same formula used for most home and business loans.
Our calculator applies this formula in real-time. As you adjust the sliders, it instantly recalculates the EMI, total interest, and generates a year-by-year amortization schedule showing the balance between principal and interest payments.
1. Debt Service Coverage Ratio (DSCR): This is a critical metric for lenders. It measures your ability to cover loan payments with your property's income. It is calculated as Net Operating Income ÷ Total Annual Debt Service (which is EMI × 12). A DSCR below 1 indicates negative cash flow, while a ratio of 1.25 or higher is generally preferred by banks[citation:1][citation:6].
2. Loan-to-Value (LTV) Ratio: This is the percentage of your property's value a bank is willing to lend. For example, a 60% LTV on a ₹1 crore property means a maximum loan of ₹60 lakhs. A lower LTV reduces the lender's risk.
3. Amortization: This is the process of paying off debt with regular payments over time. In an amortizing loan, initial payments consist more of interest, while later payments consist more of principal[citation:6].
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