Loan against property EMI calculator
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A loan against property borrows against something you already own, which makes it cheaper than unsecured credit and considerably more dangerous: the asset securing it is usually your home. Lenders fund a smaller share than they would for a purchase, and the term is shorter.
What this product looks like
| Typical rate | 9% – 14% |
|---|---|
| Typical term | 3–20 years |
| Maximum loan-to-value | 70% |
| Prepayment charge | None if floating; typical if fixed |
| Interest usually deductible | No |
A worked example
A $250,000 Loan against property at a typical 10.5% over 15 years:
| Monthly instalment | $2,764 |
|---|---|
| Total interest | $247,429 |
| Total repaid | $497,429 |
| Income needed | $5,527 |
What to watch
The loan-to-value ceiling of 70% is lower than on a purchase loan, because the lender is funding cash rather than an asset they can value cleanly. Interest is typically not deductible unless the money is used for something that qualifies, which is a question for your accountant rather than a calculator.
Questions
How much can I borrow against my property?
Up to 70% of its value, subject to your income supporting the instalment. Both ceilings apply and the lower one wins — the eligibility tab shows which is binding for you.
Is a loan against property cheaper than a personal loan?
Considerably, because it is secured: typically 9%–14% against double that unsecured. The trade-off is that defaulting risks the property, which a personal loan does not.
What term can I get?
Shorter than a home loan — commonly up to fifteen years. That raises the instalment relative to a purchase loan of the same size, so check affordability rather than assuming it behaves like a mortgage.
Rate bands and lending rules on this page were last reviewed on 2026-10-23 and are indicative, not offers. The arithmetic is produced by the same code the calculator runs. Confirm the terms with your own lender before committing; nothing here is financial advice.