# SBI Loan Against Property (LAP) Calculator

• 5 Lac
• 20 Cr
Years
• 5
• 30
%
• 6
• 20

Monthly Loan EMI

Payment Breakdown:

Principal Amount

₹10,00,000

Interest Payable

Total Amount Payable

## SBI Loan Against Property EMI Calculator

SBI Property Loan EMI Calculator is a tool that allows borrowers to estimate their monthly EMI payments for a loan obtained from the State Bank of India against their property (SBI). It is an SBI internet calculator that estimates the EMI amount depending on the loan amount, loan period, and applicable interest rate.  The EMI (Equated Monthly Installment) is the fixed monthly payment that the borrower must make to repay the loan. The EMI includes both the principal and the interest charged on loan. Therefore, borrowers can organise their finances more effectively by using the SBI Loan Against Property EMI Calculator to estimate their monthly EMI payments.

## Why should you use SBI Loan against Property EMI Calculator?

There are various reasons why the SBI Loan Against Property EMI Calculator should be used before applying for a loan. The SBI Loan Against Property EMI Calculator calculates the monthly EMI that a borrower must pay depending on the loan amount, term, and interest rate. This assists the borrower in budgeting their finances and ensuring that they can afford the loan. It simplifies the task of manually calculating EMI. The SBI Loan Against Property EMI Calculator saves time by calculating the monthly EMI instantly, allowing borrowers to make an informed decision. Borrowers can also estimate their monthly EMI payments and organise their finances accordingly by utilising the SBI Loan Against Property EMI Calculator. That is beneficial to them. The SBI Loan Against Property EMI Calculator may be used to compare various loan choices depending on the loan amount, loan term, and interest rate. It assists the borrower in determining the optimal loan option based on their financial demands and repayment capacity.

## SBI Loan against property (SBI LAP): Calculator Features

The SBI Loan Against Property (SBI LAP) Calculator is a useful tool that estimates borrowers' monthly EMI payments for a loan against their property. The following are some of the important elements of the SBI LAP Calculator:

• Calculation Accuracy: The SBI LAP Calculator calculates the monthly EMI based on the loan amount, term, and interest rate. This assists the borrower in budgeting and ensuring that they can afford the loan.
• Simple to Use: The SBI LAP Calculator is straightforward to use. To calculate the EMI, the borrower must provide basic information such as loan amount, term, and interest rate.
• Quick Results: The SBI LAP Calculator gives instant answers, saving time and allowing the borrower to make more informed decisions.
• Loan Options Comparison: The SBI LAP Calculator may be used to compare various loan alternatives depending on the loan amount, tenure, and interest rate. This enables the borrower to choose the best loan option based on their financial requirements and payback capacity.
• Transparency: The SBI LAP Calculator makes loan calculations transparent. It assists the borrower in comprehending how the EMI is computed and what factors influence the EMI. This guarantees that the borrower understands the loan terms and can make an informed decision.
• Graphical Representation: The SBI LAP Calculator also provides a graphical depiction of the loan repayment schedule, which is useful for planning purposes.

## SBI Mortgage Loan EMI Calculator to estimate the EMI that fits your budget

The State Bank of India (SBI) Mortgage Loan EMI Calculator is an online tool that allows borrowers to estimate their monthly EMI payments for a mortgage loan. Borrowers can use this tool to calculate and organise their finances based on their repayment capacity.

The borrower must enter the loan amount, loan tenure, and appropriate interest rate to utilise the SBI Mortgage Loan EMI Calculator. After entering these facts, the calculator will display the monthly EMI amount that the borrower must pay to repay the loan.

## Factors affecting SBI Property Loan EMI

The SBI Property Loan EMI is affected by numerous factors, including loan amount, loan tenure, interest rate, down payment, processing fee, prepayment charges, and credit score. Several criteria must be considered while applying for an SBI Property Loan to guarantee that the EMI fits within the borrower's budget.

• Loan Amount: An SBI Property Loan's EMI is proportional to the loan amount. A larger loan amount means a higher EMI, and vice versa.
• Loan Tenure: The loan tenure is the amount of time it will take to repay the loan. The smaller the EMI, the longer the loan term, and vice versa.
• The Interest Rate: The rate at which the borrower is provided with the SBI Property Loan. A higher interest rate means a higher EMI, and vice versa.
• Down Payment: The down payment is the sum paid ahead by the borrower while obtaining the loan. A larger down payment results in a smaller loan amount and, as a result, a lower EMI.
• Processing Fee: This fee is usually a percentage of the loan amount and is applied to it. As a result, a greater processing charge means a larger loan amount and, consequently, a higher EMI.

## Compare LAP Interest Rates for Top Banks & HFCs

A Loan Against Property (LAP) is a sort of secured loan obtained by mortgaging one's property. LAP is available through a variety of banks and home finance companies (HFCs) at varied interest rates. Here's a look at some of the top banks and HFCs' LAP interest rates:

• SBI (State Bank of India): SBI provides LAP with annual interest rates ranging from 7.45% to 7.70%. The loan amount might range between Rs. 10 lakhs and Rs. 7.5 crores, with a repayment period of up to 15 years.
• HDFC Bank: HDFC Bank provides LAP with annual interest rates ranging from 8.40% to 9.10%. The loan amount might range between Rs. 5 lakhs and Rs. 10 crores, with a maximum tenure of 15 years.
• ICICI Bank: ICICI Bank provides LAP with annual interest rates ranging from 8.55% to 9.50%. The loan amount might range between Rs. 10 lakhs and Rs. 5 crores, with a repayment period of up to 15 years.
• Axis Bank: Axis Bank provides LAP with annual interest rates ranging from 8.90% to 11.00%. The loan amount might range between Rs. 5 lakhs and Rs. 5 crores, with a repayment period of up to 20 years.

## SBI Loan Against Property Amortisation Calculator

A Loan Against Property (LAP) is a sort of secured loan obtained by mortgaging one's property. The repayment of an SBI Loan Against Property is made through EMIs, which comprise both principal and interest components. The amortisation schedule is a table that depicts how the loan will be repaid over time, including the breakdown of the EMI into principal and interest components.

An example of an SBI Loan Against Property Amortization table is shown below:

Loan Amount: Rs. 20,00,000

Interest Rate: 9.5% per annum

Loan Tenure: 10 years

 Month Beginning Loan Balance EMI Principal Monthly Interest Outstanding Balance 1 ₹ 20,00,000 ₹25,934 ₹ 10,018 ₹ 15,917 ₹ 19,89,982 2 ₹ 19,89,982 ₹25,934 ₹ 10,097 ₹ 15,837 ₹ 19,79,885 3 ₹ 19,79,885 ₹25,934 ₹ 10,178 ₹ 15,757 ₹ 19,69,707 4 ₹ 19,69,707 ₹25,934 ₹ 10,259 ₹ 15,676 ₹ 19,59,449 5 ₹ 19,59,449 ₹25,934 ₹ 10,340 ₹ 15,594 ₹ 19,49,108 6 ₹ 19,49,108 ₹25,934 ₹ 10,423 ₹ 15,512 ₹ 19,38,686 7 ₹ 19,38,686 ₹25,934 ₹ 10,506 ₹ 15,429 ₹ 19,28,180 8 ₹ 19,28,180 ₹25,934 ₹ 10,589 ₹ 15,345 ₹ 19,17,591 9 ₹ 19,17,591 ₹25,934 ₹ 10,673 ₹ 15,261 ₹ 19,06,917 10 ₹ 19,06,917 ₹25,934 ₹ 10,758 ₹ 15,176 ₹ 18,96,159 11 ₹ 18,96,159 ₹25,934 ₹ 10,844 ₹ 15,090 ₹ 18,85,315 12 ₹ 18,85,315 ₹25,934 ₹ 10,930 ₹ 15,004 ₹ 18,74,385 13 ₹ 18,74,385 ₹25,934 ₹ 11,017 ₹ 14,917 ₹ 18,63,367 14 ₹ 18,63,367 ₹25,934 ₹ 11,105 ₹ 14,829 ₹ 18,52,262 15 ₹ 18,52,262 ₹25,934 ₹ 11,193 ₹ 14,741 ₹ 18,41,069 16 ₹ 18,41,069 ₹25,934 ₹ 11,282 ₹ 14,652 ₹ 18,29,786 17 ₹ 18,29,786 ₹25,934 ₹ 11,372 ₹ 14,562 ₹ 18,18,414 18 ₹ 18,18,414 ₹25,934 ₹ 11,463 ₹ 14,472 ₹ 18,06,951 19 ₹ 18,06,951 ₹25,934 ₹ 11,554 ₹ 14,380 ₹ 17,95,398 20 ₹ 17,95,398 ₹25,934 ₹ 11,646 ₹ 14,288 ₹ 17,83,752 21 ₹ 17,83,752 ₹25,934 ₹ 11,739 ₹ 14,196 ₹ 17,72,013 22 ₹ 17,72,013 ₹25,934 ₹ 11,832 ₹ 14,102 ₹ 17,60,181 23 ₹ 17,60,181 ₹25,934 ₹ 11,926 ₹ 14,008 ₹ 17,48,255 24 ₹ 17,48,255 ₹25,934 ₹ 12,021 ₹ 13,913 ₹ 17,36,234 25 ₹ 17,36,234 ₹25,934 ₹ 12,117 ₹ 13,818 ₹ 17,24,117 26 ₹ 17,24,117 ₹25,934 ₹ 12,213 ₹ 13,721 ₹ 17,11,904 27 ₹ 17,11,904 ₹25,934 ₹ 12,310 ₹ 13,624 ₹ 16,99,593 28 ₹ 16,99,593 ₹25,934 ₹ 12,408 ₹ 13,526 ₹ 16,87,185 29 ₹ 16,87,185 ₹25,934 ₹ 12,507 ₹ 13,427 ₹ 16,74,678 30 ₹ 16,74,678 ₹25,934 ₹ 12,607 ₹ 13,328 ₹ 16,62,071 31 ₹ 16,62,071 ₹25,934 ₹ 12,707 ₹ 13,227 ₹ 16,49,364 32 ₹ 16,49,364 ₹25,934 ₹ 12,808 ₹ 13,126 ₹ 16,36,556 33 ₹ 16,36,556 ₹25,934 ₹ 12,910 ₹ 13,024 ₹ 16,23,646 34 ₹ 16,23,646 ₹5,934 ₹ 13,013 ₹ 12,922 ₹ 16,10,633 35 ₹ 16,10,633 ₹25,934 ₹ 13,116 ₹ 12,818 ₹ 15,97,517 36 ₹ 15,97,517 ₹25,934 ₹ 13,221 ₹ 12,714 ₹ 15,84,296 37 ₹ 15,84,296 ₹25,934 ₹ 13,326 ₹ 12,608 ₹ 15,70,970 38 ₹ 15,70,970 ₹25,934 ₹ 13,432 ₹ 12,502 ₹ 15,57,538 39 ₹ 15,57,538 ₹25,934 ₹ 13,539 ₹ 12,395 ₹ 15,43,999 40 ₹ 15,43,999 ₹25,934 ₹ 13,647 ₹ 12,288 ₹ 15,30,353 41 ₹ 15,30,353 ₹25,934 ₹ 13,755 ₹ 12,179 ₹ 15,16,598 42 ₹ 15,16,598 ₹25,934 ₹ 13,865 ₹ 12,070 ₹ 15,02,733 43 ₹ 15,02,733 ₹25,934 ₹ 13,975 ₹ 11,959 ₹ 14,88,758 44 ₹ 14,88,758 ₹25,934 ₹ 14,086 ₹ 11,848 ₹ 14,74,672 45 ₹ 14,74,672 ₹25,934 ₹ 14,198 ₹ 11,736 ₹ 14,60,473 46 ₹ 14,60,473 ₹25,934 ₹ 14,311 ₹ 11,623 ₹ 14,46,162 47 ₹ 14,46,162 ₹25,934 ₹ 14,425 ₹ 11,509 ₹ 14,31,737 48 ₹ 14,31,737 ₹25,934 ₹ 14,540 ₹ 11,394 ₹ 14,17,197 49 ₹ 14,17,197 ₹25,934 ₹ 14,656 ₹ 11,279 ₹ 14,02,541 50 ₹ 14,02,541 ₹25,934 ₹ 14,772 ₹ 11,162 ₹ 13,87,768 51 ₹ 13,87,768 ₹25,934 ₹ 14,890 ₹ 11,044 ₹ 13,72,878 52 ₹ 13,72,878 ₹25,934 ₹ 15,008 ₹ 10,926 ₹ 13,57,870 53 ₹ 13,57,870 ₹25,934 ₹ 15,128 ₹ 10,806 ₹ 13,42,742 54 ₹ 13,42,742 ₹25,934 ₹ 15,248 ₹ 10,686 ₹ 13,27,494 55 ₹ 13,27,494 ₹25,934 ₹ 15,370 ₹ 10,565 ₹ 13,12,124 56 ₹ 13,12,124 ₹25,934 ₹ 15,492 ₹ 10,442 ₹ 12,96,632 57 ₹ 12,96,632 ₹25,934 ₹ 15,615 ₹ 10,319 ₹ 12,81,017 58 ₹ 12,81,017 ₹25,934 ₹ 15,740 ₹ 10,195 ₹ 12,65,277 59 ₹ 12,65,277 ₹25,934 ₹ 15,865 ₹ 10,069 ₹ 12,49,412 60 ₹ 12,49,412 ₹25,934 ₹ 15,991 ₹ 9,943 ₹ 12,33,421 61 ₹ 12,33,421 ₹25,934 ₹ 16,118 ₹ 9,816 ₹ 12,17,303 62 ₹ 12,17,303 ₹25,934 ₹ 16,247 ₹ 9,688 ₹ 12,01,056 63 ₹ 12,01,056 ₹25,934 ₹ 16,376 ₹ 9,558 ₹ 11,84,681 64 ₹ 11,84,681 ₹25,934 ₹ 16,506 ₹ 9,428 ₹ 11,68,174 65 ₹ 11,68,174 ₹25,934 ₹ 16,638 ₹ 9,297 ₹ 11,51,537 66 ₹ 11,51,537 ₹25,934 ₹ 16,770 ₹ 9,164 ₹ 11,34,767 67 ₹ 11,34,767 ₹25,934 ₹ 16,903 ₹ 9,031 ₹ 11,17,863 68 ₹ 11,17,863 ₹25,934 ₹ 17,038 ₹ 8,896 ₹ 11,00,825 69 ₹ 11,00,825 ₹25,934 ₹ 17,174 ₹ 8,761 ₹ 10,83,652 70 ₹ 10,83,652 ₹25,934 ₹ 17,310 ₹ 8,624 ₹ 10,66,342 71 ₹ 10,66,342 ₹25,934 ₹ 17,448 ₹ 8,486 ₹ 10,48,894 72 ₹ 10,48,894 ₹25,934 ₹ 17,587 ₹ 8,347 ₹ 10,31,307 73 ₹ 10,31,307 ₹25,934 ₹ 17,727 ₹ 8,207 ₹ 10,13,580 74 ₹ 10,13,580 ₹25,934 ₹ 17,868 ₹ 8,066 ₹ 9,95,712 75 ₹ 9,95,712 ₹25,934 ₹ 18,010 ₹ 7,924 ₹ 9,77,702 76 ₹ 9,77,702 ₹25,934 ₹ 18,153 ₹ 7,781 ₹ 9,59,549 77 ₹ 9,59,549 ₹25,934 ₹ 18,298 ₹ 7,636 ₹ 9,41,251 78 ₹ 9,41,251 ₹25,934 ₹ 18,444 ₹ 7,491 ₹ 9,22,807 79 ₹ 9,22,807 ₹25,934 ₹ 18,590 ₹ 7,344 ₹ 9,04,217 80 ₹ 9,04,217 ₹25,934 ₹ 18,738 ₹ 7,196 ₹ 8,85,479 81 ₹ 8,85,479 ₹25,934 ₹ 18,887 ₹ 7,047 ₹ 8,66,591 82 ₹ 8,66,591 ₹25,934 ₹ 19,038 ₹ 6,897 ₹ 8,47,554 83 ₹ 8,47,554 ₹25,934 ₹ 19,189 ₹ 6,745 ₹ 8,28,364 84 ₹ 8,28,364 ₹25,934 ₹ 19,342 ₹ 6,592 ₹ 8,09,023 85 ₹ 8,09,023 ₹25,934 ₹ 19,496 ₹ 6,438 ₹ 7,89,527 86 ₹ 7,89,527 ₹25,934 ₹ 19,651 ₹ 6,283 ₹ 7,69,876 87 ₹ 7,69,876 ₹25,934 ₹ 19,807 ₹ 6,127 ₹ 7,50,068 88 ₹ 7,50,068 ₹25,934 ₹ 19,965 ₹ 5,969 ₹ 7,30,103 89 ₹ 7,30,103 ₹25,934 ₹ 20,124 ₹ 5,810 ₹ 7,09,980 90 ₹ 7,09,980 ₹25,934 ₹ 20,284 ₹ 5,650 ₹ 6,89,696 91 ₹ 6,89,696 ₹25,934 ₹ 20,445 ₹ 5,489 ₹ 6,69,250 92 ₹ 6,69,250 ₹25,934 ₹ 20,608 ₹ 5,326 ₹ 6,48,642 93 ₹ 6,48,642 ₹25,934 ₹ 20,772 ₹ 5,162 ₹ 6,27,870 94 ₹ 6,27,870 ₹25,934 ₹ 20,937 ₹ 4,997 ₹ 6,06,932 95 ₹ 6,06,932 ₹25,934 ₹ 21,104 ₹ 4,830 ₹ 5,85,828 96 ₹ 5,85,828 ₹25,934 ₹ 21,272 ₹ 4,662 ₹ 5,64,556 97 ₹ 5,64,556 ₹25,934 ₹ 21,441 ₹ 4,493 ₹ 5,43,115 98 ₹ 5,43,115 ₹25,934 ₹ 21,612 ₹ 4,322 ₹ 5,21,503 99 ₹ 5,21,503 ₹25,934 ₹ 21,784 ₹ 4,150 ₹ 4,99,719 100 ₹ 4,99,719 ₹25,934 ₹ 21,957 ₹ 3,977 ₹ 4,77,761 101 ₹ 4,77,761 ₹25,934 ₹ 22,132 ₹ 3,802 ₹ 4,55,629 102 ₹ 4,55,629 ₹25,934 ₹ 22,308 ₹ 3,626 ₹ 4,33,321 103 ₹ 4,33,321 ₹25,934 ₹ 22,486 ₹ 3,449 ₹ 4,10,835 104 ₹ 4,10,835 ₹25,934 ₹ 22,665 ₹ 3,270 ₹ 3,88,170 105 ₹ 3,88,170 ₹25,934 ₹ 22,845 ₹ 3,089 ₹ 3,65,325 106 ₹ 3,65,325 ₹25,934 ₹ 23,027 ₹ 2,907 ₹ 3,42,298 107 ₹ 3,42,298 ₹25,934 ₹ 23,210 ₹ 2,724 ₹ 3,19,088 108 ₹ 3,19,088 ₹25,934 ₹ 23,395 ₹ 2,539 ₹ 2,95,693 109 ₹ 2,95,693 ₹25,934 ₹ 23,581 ₹ 2,353 ₹ 2,72,112 110 ₹ 2,72,112 ₹25,934 ₹ 23,769 ₹ 2,166 ₹ 2,48,343 111 ₹ 2,48,343 ₹25,934 ₹ 23,958 ₹ 1,976 ₹ 2,24,386 112 ₹ 2,24,386 ₹25,934 ₹ 24,149 ₹ 1,786 ₹ 2,00,237 113 ₹ 2,00,237 ₹25,934 ₹ 24,341 ₹ 1,594 ₹ 1,75,896 114 ₹ 1,75,896 ₹25,934 ₹ 24,534 ₹ 1,400 ₹ 1,51,362 115 ₹ 1,51,362 ₹25,934 ₹ 24,730 ₹ 1,205 ₹ 1,26,632 116 ₹ 1,26,632 ₹25,934 ₹ 24,927 ₹ 1,008 ₹ 1,01,706 117 ₹ 1,01,706 ₹25,934 ₹ 25,125 ₹ 809 ₹ 76,581 118 ₹ 76,581 ₹25,934 ₹ 25,325 ₹ 609 ₹ 51,256 119 ₹ 51,256 ₹25,934 ₹ 25,526 ₹ 408 ₹ 25,730 120 ₹ 25,730 ₹25,934 ₹ 25,730 ₹ 205 ₹ 0

## SBI Loan against Property Fees and Charges

SBI Loan Against Property (LAP) is subject to the following charges:

• SBI imposes a processing fee of up to 1% of the loan amount plus any relevant taxes. The processing charge is Rs. 10,000 as a minimum.
• Legal and technical fees: SBI may impose legal and technical verification fees to determine the ownership and value of the property. The borrower is responsible for these fees.
• SBI may assess a valuation fee to ascertain the property's current market worth. The borrower is responsible for this cost.
• Prepayment Charges: If the borrower chooses to pay off the loan early, SBI may assess prepayment charges ranging from 0% to 4% of the outstanding loan amount, depending on the time of prepayment.
• Late Payment Penalties: If a borrower fails to make an EMI payment on time, SBI may apply late payment penalties of up to 2% per month on the overdue amount.

### Will SBI Loan against Property EMI change in case of prepayment?

Yes, making a prepayment on your SBI Loan Against Property (LAP) will affect your EMI. The repayment of a portion of the total outstanding loan amount before the planned due date is referred to as prepayment. Prepayment reduces the outstanding principal amount, and interest is calculated on the lowered principal amount. As a result, the EMI is recalculated using the reduced principal amount, resulting in a lower EMI or a shorter loan term.

### How much loan can I get against my property from SBI?

SBI typically provides a loan against property (LAP) of up to 70% of the market value of the property. SBI’s Loan Against Property is available for a maximum of 15 years, with loan amounts ranging from Rs. 10 lakhs to Rs. 7.5 crores based on eligibility. The loan amount, however, is contingent on the borrower’s income and repayment capabilities, among other variables.

### What is the tenure of the LPA loan?

SBI (State Bank of India) provides a Loan Against Property (LAP) for up to 15 years. The loan length may vary depending on many criteria, including the borrower’s age, repayment capacity, credit history, and the purpose of the loan.

Get your latest Credit Score, FREE

## Loan Against Property Guide

Get in-depth knowledge about all things related to Loan Against Property and your finances

Vimal VijayanFeb 27, 2023

### Unlock Your Property&#8217;s Value with Loan Against Property in 2023

Loan Against Property or a property loan is a financial assistance tool available with an immovable asset or real estate as collateral. This secured loan can be used for myriad reasons instrumental in

Vimal VijayanJan 05, 2023

### Complete Details Loan Against Property Balance Transfer

A balance transfer is a facility that allows a customer to switch their lender for an improved or lower interest rate and services. Consequently, the new bank will be liable to pay the outstanding loa

Tushar GautamJul 25, 2022

### How to Get Loan Against Property Without Income Proof?

When you pledge your residential or commercial property as collateral to the lender and borrow a specific amount in return, it is known as a loan against property or LAP. Simply put, it is a loan you