ICICI Loan Against Property EMI Calculator

Last Updated 02nd Jul 2020

ICICI Bank Mortgage Loan EMI

Get monthly EMI as low as Rs. 1,084 per lakh on ICICI Bank loan against property. Mortgage loan EMI in ICICI Bank depends upon type of property (residential, commercial, industrial), occupation (businessmen, self employed, salaried), loan amount, loan tenure and interest rate.

Loan Amount5 year loan7 year loan15 year loan
₹ 10 Lakh₹ 21,321₹ 16,679₹ 10,838
₹ 25 Lakh₹ 53,302₹ 41,697₹ 27,095
₹ 40 Lakh₹ 85,284₹ 66,715₹ 43,352
Loan Against Property EMI Calculator
Lowest Interest Rate
Best Offers on Loan Against Property offerOffers
Bank/NBFCs Rate* EMI Per Lakh* Action
SBI9.20%₹ 1,026Check Eligibility
Citibank8.15%₹ 964Check Eligibility
HDFC8.75%₹ 999Check Eligibility

* Starting From

Loan Against Property EMI Calculator ICICI Bank

Use the above quick and easy tool to easily calculate and compare monthly EMI on ICICI Bank Loan Against Property.

How to process for Loan Against Property EMI moratorium in ICICI Bank?

After the announcement of RBI on 22nd May 2020, ICICI Bank has extended the loan moratorium for the term loans and interest of working capital loans to next three months till August 2020. As a borrower, you have the option to opt-in or opt-out of the moratorium by informing ICICI Bank. The interest will continue to accrue on the principal outstanding during this moratorium and the accumulated interest would be added to the principal amount resulting in the extension of loan tenure except in cases where the tenure extension is not possible will increase EMI amount. The moratorium on payment of Loan Against Property EMI’s will not be treated as default and will not have any negative impact on the borrower’s credit score. To know more about the moratorium option, you may contact ICICI Bank customer care or its nearest branch.

FAQs on ICICI Bank Mortgage Loan Calculator

✅ Will the ICICI Loan Against Property EMI remain constant or change in future? What happens in case of increase or decrease in interest rate?
  • Typically, the Loan Against Property EMI remains unchanged unless the customer requests for a change and the same is approved by ICICI Bank subject to its eligibility conditions (note that nominal charges may apply for effecting a customer initiated change in EMI).
  • In case the floating rate of interest on your loan increases, ICICI Bank will typically keep the EMI constant but increase the loan tenure. So, you will pay the same EMI but for a longer duration. In case the interest rates increase to the extent that the revised loan tenure is more than the maximum permissible by ICICI Bank, the bank may increase your EMI amount.
✅ Will Loan Against Property EMI change in case of prepayment?
  • When you make a prepayment, the outstanding principal amount on your property loan reduces. You may choose to either keep the EMI the same and reduce the loan tenure (enabling you to pay off the loan faster) or reduce the EMI and keep the loan tenure unchanged (thus paying lesser amount every month). It is beneficial to keep the EMI constant and reduce the loan tenure as you pay less interest to the bank in this option.
  • Note that ICICI Bank may levy prepayment charges except on floating rate property loans sanctioned to individuals.
✅ How does Loan Against Property EMI calculator, calculate Loan Against Property EMI?
  • EMI is calculated using a combination of the loan amount, loan tenure and interest rate.
  • ICICI Bank mortgage loan calculator calculates EMI on a reducing balance basis and assuming payment of EMI in arrears (that is interest is charged for the month preceding the date of EMI payment on EMI date) and not in advance.
✅ How much loan can I get against my property from ICICI Bank?

You can avail of a maximum loan of Rs. 7 Cr, depending on the value of the property. However, the loan amount cannot be more than 60% of property value. ICICI Bank assesses the property before approving your mortgage loan application.

Compare Loan Against Property EMI of All Banks

ICICI Loan Against Property News - Jul 2020
*Terms and conditions apply. Credit at sole discretion of lender subject to credit appraisal, eligibility check, rates, charges and terms. Information displayed is indicative and from collected from public sources. Read More
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