ICICI Bank Loan Against Property Balance Transfer EMI Calculator

Calculate EMI using ICICI Bank Loan Against Property Balance Transfer EMI Calculator

✓ Loan Against Property Balance Transfer Facility ✓ Multiple Lending Partners ✓ Interest Rates Starting @ 8.99%

Loan Against Property EMI (or equated monthly instalment) is a fixed amount of money that ICICI Bank pays to repay your property loan every month before your loan is fully repaid on a fixed day of the month. ICICI Bank offers up to 15 years of loan tenure at attractive interest rates starting at 10.60%.


The Loan Against Property EMI includes both the repayment of principal and the payment of interest. While the EMI sum remains constant, the interest component continues to decrease and the principal component continues to increase, except in the event of a loan interest rate increase. Calculate the EMI amount that you will need to pay, once you avail the loan using the EMI Calculator only on Finserv MARKETS.

** The above charges are excluding taxes
* Placeholder for disclaimers on Interest and Charges page
 **These are indicative and subject to change at the discretion of lender/ without prior notice.

ICICI LAPBT Amortization Calculator

In the context of your EMIs, the amortization plan breaks the month-wise estimate of the principal and interest rate you will pay. In simple words, with the EMI of each month, the share of interest and the principal sum continues to change, while the former continues to reduce the later rise. That is why you will find out that you have paid a very small proportion of the principal amount if you plan to prepay your loan in the first couple of years. With the assistance of an example, let us understand this better.

How is ICICI LAPBT EMI Calculated?

As the process takes time and is hard, it becomes difficult to measure your loan EMIs manually. If you want to calculate your EMI, you just have to enter the amount of your loan, the interest rate to be charged and the loan tenure. The formula used by the calculator for mortgage loans is:

EMI = P*r* (1+r)^n/ ([(1+r)^n]-1)

EMI is Equated Monthly Instalment In the formula above,

P is the amount of loan you want to borrow.

r is the interest rate per month.

n is the tenure of repayment of credit in months.

Using a loan calculator is recommended as it is a very easy and time-saving process and helps you to calculate your EMI in seconds.

Benefits of Using ICICI LAPBT EMI Calculator

The mortgage loan EMI calculator has several advantages listed below -

  • Saves your time: You can immediately measure your EMIs easily by means of a mortgage loan EMI calculator that can save your time. To get the detailed schedule, you are required to input basic information such as loan number, interest rate and tenure.

  • Gives accurate results: If you do manual calculations, there are higher chances of having incorrect results that can affect your EMI mortgage loan, and this can prolong your decision when taking property loans. Therefore, to get proper results, you are advised to use the online EMI calculator for LAP.

  • Plan your finances: The EMI is measured by the lender against the property calculator and shows how much EMI is to be paid to the bank. Always select an EMI that comes within your budget and eliminates any possible potential financial distress.

  • Allows multiple schedules to be assessed: You can also check the amortization schedule and EMIs for different combinations of loan tenures and interest rates by using the mortgage loan EMI calculator and choose the EMIs that suit your repayment or service capabilities accordingly.

Factors affecting ICICI LAPBT EMI

  • Loan amount -The loan amount against the loan amount of the property depends on the value of the property to be mortgaged. The greater the loan against the sum of land, the higher the EMI would be.

  • Interest rate - The amount of interest to be paid is usually high in the initial years, and the interest component falls and the main component increases as the tenure comes to an end. The lower the debt against the rate of property interest, the lower the EMI.
  • Loan tenure - In India, the longest loan tenure available for mortgage loans is 15 years, according to the existing age and retirement age of the borrower.


Looking to improve your growth in business? To scale your company to new heights, get fast and simple financial backing. ICICI Loan Against Property (LAP) may be taken against property that is fully built, residential, industrial or rented. The conditions of the loan are versatile and will depend on the reason for which the property is used. An ICICI Loan Against Property will assist you with funding capital growth, requirements for service working capital, and debt consolidation. You can get the funding you need with an ICICI LAP on Finserv MARKETS, grow your company across markets and beyond boundaries. Using the Loan Against Property Balance Transfer facility, transfer your outstanding loan balance to enjoy low interest rates.

Frequently Asked Questions

  • ✔️Will the ICICI LAPBT EMI remain constant or change in future?

    ICICI property loans can be adjusted according to the financial capacity of the borrower or in the event of a floating interest rate provided by the lender. The implications of the LAP EMI shift are stated as follows:

    ●   The Loan Against Property EMI normally remains unchanged unless the customer demands a modification and, according to its eligibility conditions, the same is approved by ICICI Bank.

    ●   Usually, if the floating interest rate on your loan rises, ICICI Bank will retain the EMI constant, but extend the tenure of the loan. So, you're going to pay the same EMI, just for a longer time. If interest rates rise to the degree that the revised tenure of the loan is greater than the maximum allowable by ICICI Bank, your EMI amount may be increased by the bank.


  • ✔️What happens in case of increase or decrease in interest rate?

    The Loan Against Property EMI includes both the repayment of principal and the payment of interest. While the EMI sum remains constant, the interest component continues to decrease and the principal component continues to increase, except in the event of a loan interest rate increase or decrease.

  • ✔️Will LAPBT EMI change in case of prepayment?

    The loan against property also provides the prepayment facility to the loan borrowers, equivalent to other loans. Loan prepayment results in some changes, as mentioned below:

    ●   The unpaid principal balance on your real estate loan decreases when you make a prepayment. You may opt to either retain the EMI the same and reduce the tenure of the loan, or decrease the EMI and keep the tenure of the loan unchanged. As you pay less interest to the bank in this alternative, it is advantageous to retain the EMI constant and reduce the loan tenure.

    ●   Remember that, except for floating rate property loans approved by individuals, ICICI Bank can levy prepayment fees.

  • ✔️How does LAPBT EMI calculator work?

    EMI is calculated using a combination of the volume of the loan, the tenure of the loan and the interest rate.

  • ✔️How much loan can I get against my property from ICICI Bank?

    Depending on the value of the land, you will benefit from a maximum loan of Rs. 5 Cr. The loan sum, however, cannot be more than 60 percent of the value of the land. Before approving your mortgage loan application, ICICI Bank reviews the property.