LIC Loan Against Property (Mortgage) Calculator
Unlock the equity in your real estate holdings. Calculate your maximum Loan Against Property eligibility based on market valuation, safety margins, and regular salary income. Estimate upfront processing charges and review your yearly repayment schedules.
₹64,699
Applicable for a tenure of 10 years at 9.50% rate.
Your Loan-to-Value (LTV) ratio is 55.6%, which is within the recommended ceiling of 60% for Mortgage Loans (LAP).
| Year | Principal Paid | Interest Paid | Total Payments | Ending Balance |
|---|---|---|---|---|
| Year 1 | ₹3,14,861 | ₹4,61,525 | ₹7,76,385 | ₹46,85,139 |
| Year 2 | ₹3,46,110 | ₹4,30,275 | ₹7,76,385 | ₹43,39,029 |
| Year 3 | ₹3,80,460 | ₹3,95,925 | ₹7,76,385 | ₹39,58,569 |
| Year 4 | ₹4,18,220 | ₹3,58,165 | ₹7,76,385 | ₹35,40,349 |
| Year 5 | ₹4,59,728 | ₹3,16,658 | ₹7,76,385 | ₹30,80,621 |
| Year 6 | ₹5,05,354 | ₹2,71,031 | ₹7,76,385 | ₹25,75,267 |
| Year 7 | ₹5,55,510 | ₹2,20,876 | ₹7,76,385 | ₹20,19,757 |
| Year 8 | ₹6,10,643 | ₹1,65,743 | ₹7,76,385 | ₹14,09,115 |
| Year 9 | ₹6,71,247 | ₹1,05,138 | ₹7,76,385 | ₹7,37,867 |
| Year 10 | ₹7,37,867 | ₹38,518 | ₹7,76,385 | ₹0 |
LIC Mortgage Loans: Security, Value, and Criteria
A **Loan Against Property (LAP)**, also referred to as a Mortgage Loan, allows you to leverage the market value of your existing residential or commercial properties to secure long-term capital. Because the loan is secured directly by physical real estate, the interest rates are substantially lower than personal loans, and the repayment tenures can stretch up to 15 years.
LTV Margin Caps & Property Valuations
Under RBI and LIC internal credit guidelines, the maximum Loan-to-Value (LTV) ratio is capped strictly to protect against property price fluctuations:
- Residential Properties: Typically eligible for up to **60%** of the certified market value.
- Commercial Properties: Restricted to a maximum of **50%** of the market value.
- Self-Occupied vs Rented: Self-occupied residential properties generally secure slightly more favorable interest rates due to lower default risks.
Eligibility Assessment: Income vs. Collateral Value
LIC evaluates your eligibility using a **dual-criteria** approach:
*The final approved loan is always the **lower** of the two limits to maintain adequate safety margins.
Frequently Asked Questions (FAQs)
Can I apply for a mortgage loan against a plot of land?
Is there an age limit to apply for an LIC Loan Against Property?
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