GET A CALL BACK

Want us to help you with anything?
Request a Call back

This field is required Only alphabetes are allowed
This field is required Only alphabetes are allowed
Please enter valid number
Please enter valid email
Please select product type
Please enter valid pincode

Thank you for your request.

Your reference number is CRM

Our executive will contact you shortly

  • ₹1L
  • ₹10Cr
%
  • 1%
  • 20%
  • 12 month
  • 180 months

Your Monthly EMI is ₹13,432

Enter a valid input

Loan Against Property Amortization Schedule

Below Loan Against Property Amortization table illustrates how much goes towards principal and interest over time. It is based on the inputs selected in the calculator above.

Month
Opening Balance
Monthly Interest
Monthly Principal
Outstanding Balance

How One Can Use ICICI Mortgage Loan EMI Calculator?

You don’t need manual calculations, when an online calculator helps you arrive at an exact figure. Simply use the Loan Against Property calculator. To use the Mortgage loan calculator, you need to fill the loan amount, loan tenure and interest rate. With the help of these factors, you can determine your LAP eligibility and get error-free results, in an instant.

Mortgage Loan Calculator Benefits

Accurate financial planning

Accurate financial planning

EMI calculators provide precise insights into your monthly repayments, helping you plan your finances effectively.

Save time and effort

Save time and effort

Save valuable time and effort by quickly estimating your EMIs, interest payable and tenure without manual calculations.

Better decision making

Better decision making

With EMI calculations, you can make informed decisions by choosing the right loan amount and tenure that suits your financial goals.

Loan Against Property EMI Calculator FAQs

What is a Mortgage Loan Calculator?

A Loan Against Property EMI calculator is a financial tool that helps you to determine your EMI based on your loan amount, interest rate and tenure. It simplifies the loan planning process, making it easier to manage your finances.

How much loan amount can I get against my property?

The loan amount against your property depends on factors such as the property's market value, the lender's policies, your income and creditworthiness. Generally, you can get a loan ranging from 50% to 75% of your property's current market value.

What is the formula to calculate the EMI of a Loan Against Property?

The formula to calculate the EMI of a Loan Against Property is:

EMI = [P x R x (1+R)^N] / [(1+R)^N - 1]

Where:

  • P is the principal loan amount
  • R is the monthly interest rate
  • N is the number of monthly instalments

What are the documents required to apply Loan Against Property?

When applying for a Loan Against Property at ICICI Bank, you will need to submit the following documents based on your employment type:

For salaried individuals:

  1. Aadhaar card, passport, voter ID or any other government-issued ID for identity proof

  2. Utility bills, passport, Aadhaar card or voter ID for address proof

  3. Form 16, salary slips for the last 3 months and bank statements for the last 6 months

  4. Sale deed, title deed, approved building plan and other occupancy documents

  5. Recent passport-sized photos

  6. Duly filled and signed loan application form.

For self-employed individuals:

  1. Aadhaar card, passport, voter ID or any other government-issued ID for identity proof

  2. Utility bills, passport, Aadhaar card or voter ID for address proof

  3. Audited financial statements for the last 2 years, including balance sheets and profit & loss statements. ITR documents will also be required

  4. GST registration, trade licence, partnership deed, articles of association, SEBI registration certificate and ROC registration certificate

  5. Bank statements for the last 6 months

  6. Recent passport-sized photos

  7. Duly filled and signed loan application form.

Apply for Mortgage Loan
at your convenience

  • Mobile Banking
  • Net Banking
  • WhatsApp Banking
EXPLORE DIGITAL BANKING
Mobile Banking
Mobile Banking

Download
iMobile App

Click to Enlarge

Mobile Banking
Mobile Banking
Mobile Banking

Download
Pocket

Click to Enlarge

Mobile Banking
Mobile Banking
Net%20Banking
WhatsApp Banking

Apply for Mortgage Loan
at your convenience

Mobile Banking | Net Banking
WhatsApp Banking

Mobile Banking