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About this tool
Check loan against property eligibility from property value and LTV, then test it against income-based EMI affordability and FOIR.
Loan Against Property Calculator estimates how large a LAP you can get by testing the two limits every lender applies: the loan-to-value cap on the mortgaged property and the EMI your income can service inside the lender's FOIR ceiling. It reports both limits, tells you which one is binding, and then shows the EMI, total interest and your resulting FOIR. Built for salaried and self-employed borrowers weighing a mortgage loan for business capital, education or debt consolidation.
Open Loan Against Property Calculator on AltFTool — it loads instantly in your browser.
Enter the values you already know.
Fine-tune the options to match your scenario.
Read the result and use it in your planning or reporting.
Property LTV and income affordability are calculated separately so you can see which one is holding you back.
Only 75% of rental income counts and existing EMIs are deducted, mirroring standard lender policy.
EMI, total interest, total repayment and post-loan FOIR are shown for the amount you would actually be sanctioned.
Typically 50-70% of the lender's assessed market value — around 65-70% for residential, 55-60% for commercial and often 50% for vacant land — and never more than what your income can service within the FOIR limit. Any existing mortgage on the same property is deducted.
FOIR (fixed obligation to income ratio) is the share of monthly income a lender lets you spend on all EMIs together, usually 50-60%. If your income supports an EMI of only 62,500 after existing obligations, the loan amount is capped at whatever that EMI can repay over the tenure.
Yes, generally. Because the property is security, LAP rates run several percentage points below unsecured personal loan rates and tenures stretch to 15-20 years. The trade-off is that the lender can enforce the mortgage if you default.
The lender's empanelled valuer assesses the current market value, and the LTV is applied to that figure, not to your purchase price or circle rate. The valuation is often conservative, so treat this calculator's output as an estimate.
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