LOAN AGAINST PROPERTY EMI CALCULATOR

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.

Yes, taking a mortgage loan in India can be a good idea if you need substantial funds for personal or business purposes. It allows you to leverage your property as collateral while offering competitive interest rates and flexible repayment options. Use a mortgage loan calculator in India to estimate your EMIs.

To calculate EMI for a Loan Against Property (LAP), use a mortgage loan calculator. Enter the loan amount, interest rate, and tenure in the calculator. The calculator will instantly estimate your monthly EMI, helping you plan your finances effectively.