Want us to help you with anything?
Request a Call back
- Tenure up to 15 years
- Sanction of up to 70% of property value
- Avail up to ₹5 crore
- Maximum tenure up to 15 years
- Loan up to 70% of property value*
- Loan amount up to ₹5 Crores*
- Tenure of up to 10 years
- b1
- b2
- b3
Loan Against Property EMI Calculator
A Loan Against Property (LAP) calculator is an online tool that allows you to estimate how much Mortgage Loan you are eligible for, before applying for the loan. The LAP EMI calculator is easy to use and helps you compute the monthly instalments, by adding three factors:
Loan Amount
Typically, a customer can get LAP up to 70% of the property’s market value. While using the online LAP calculator, you need to fill in the expected loan amount. As a borrower, the loan amount that you are eligible for, would depend on the value of the property
Loan Tenure
The Loan Against Property tenure is up to 15 years, if it’s a mortgage residential or commercial property. In case of industrial or any other special use property, the maximum tenure is up to 10 years. This factor is crucial when you want to estimate how much EMI you would pay, during the repayment period
Interest Rate:
The last required field is a Loan Against Property interest rate. The interest rate quoted by the Bank is based on the borrower’s eligibility, loan amount, tenure and other conditions.
Leave your details or give missed call to below number and we will get back to you
Missed call number 9022499400
Email us : customer.care@icicibank.com
How does one use a Loan Against Property calculator?
You don’t need manual calculations, when an online calculator helps you arrive at an exact figure. Simply use the Loan Against Property eligibility calculator. To use the Loan against Property EMI 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.
What are the three quick benefits of using a Loan Against Property EMI Calculator?
- Smart, simple and free to use
- Get accurate and realistic results, each time
- Accessible anytime, anywhere.
The LAP EMI calculator uses the mathematical formula to provide you with the exact EMI figure. The formula is stated as below:
EMI = [P x R x (1+R)^N]/[(1+R)^N-1]
Where,
“P” stands for the Principal Loan Amount,
“R” stands for the Rate of Interest (per month) or annual ROI divided by 12
“N” stands for the Loan Tenure (in months).
The Loan Against Property EMI Calculator uses the combination of a Loan Amount, Loan Tenure and Interest Rate, to calculate the EMI online. You need to enter the above mentioned details to use the online tool.
Terms and Conditions apply.
Every home is a reflection of one’s personality. Whether it is festivals or special occasions, most homeowners choose to refurbish their abode, to have a better quality of life.
Purchasing a mortgaged property can come with a host of benefits. However, because it is a resale property with an existing loan, certain things should be kept in mind. Read this post for 3 tips that can help you with the purchase of a mortgaged property.
City life can get overwhelming and right when you want to escape the hustle, nothing is more alluring than a weekend home.
Want us to help you with anything?
Request a Call back
Your cookie settingss
We use cookies to improve and personalize your browsing experience. Click OK to continue else click Manage to change your preferences. By continuing to browse this website, you accept the use of cookies.