Finance
Home Equity Loan Calculator
Calculate home equity loan payments and available equity. HELOC vs lump sum comparison. Free calculator.
In this article
India
LAP: 8-10% (vs personal 12-18%)। Up to 60-70% property value। Tenure: 15-20 years। Uses: business, education, debt consolidation। SBI, HDFC, Bajaj competitive। Much cheaper than personal loan for large amounts।
Risk
Property is collateral — default = foreclosure। Only for productive purposes, NEVER consumption।
⚡ CalcWolf Insight
Since 2018, home equity loan interest is tax-deductible only when funds are used for home improvements. Using equity for debt consolidation is no longer deductible — a change that affects the true cost by 22-37%.
Frequently asked questions
Rate?▾
8-10% vs personal 12-18%। Huge savings on large amounts।
Max?▾
60-70% property value। ₹1Cr property: ₹60-70L possible।
✓ Math logic verified against primary sources
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