✓ Loan Against Property from ₹2 Lakhs to ₹15 Cr ✓ Multiple Lending Partners ✓ Interest Rates Starting @ 9.24% Check Eligibility

Get up to ₹5 Cr with an ICICI Bank Loan Against Property (LAP) at pocket-friendly interest rates on Bajaj Markets and manage your financial requirements. With a flexible tenure option extending up to 15 years, you can repay your loan comfortably.

Interest Rate and Charges

Check out the interest rates and charges:

Interest Rate

10.60%

p.a. onwards

Processing Fees

0.25% of the loan amount + applicable taxes

Administrative Charges

₹5,000 + Applicable Taxes or 0.25% of the loan amount + Applicable Taxes, (whichever is lower)

Prepayment Charges 

4% + applicable taxes

Disclaimer: The charges are subject to change at the discretion of the lender.

ICICI Bank Loan Against Property EMI Calculator

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ICICI Bank LAP

Features and Benefits

Before applying for a loan against property from ICICI Bank, here are some benefits you must be aware of. 

Ample Funding

Get a loan of up to ₹5 Cr based on your property value and eligibility  

Flexible Repayment Tenure

Choose a convenient tenure of up to 180 months and manage your repayments hassle-free

Attractive Interest Rates

Get a competitive interest rate when you opt for a loan against property from ICICI Bank, starting from 10.60% p.a.

No End-use Restrictions

You can use the loan amount to cover all your financial requirements without any restrictions

Eligibility Criteria and Documents Required

Understanding the ICICI Bank Loan Against Property eligibility criteria before applying can help improve your chances of approval. Here are a few parameters to meet:

  • You must be an Indian resident 

  • Your age must be between 23 and 60 years if salaried

  • Your age must be between 23 and 65 years if self-employed 

  • You must have a minimum income of ₹25,000 per month

  • You must have work experience of at least 1 year if salaried

  • Business vintage of a minimum of two years is required if you are self-employed

  • The minimum Profit After Tax (PAT) must be ₹25,000 per month if self-employed

 

Once approved, you must provide the given documents to complete the loan application process. 

  • KYC documents such as an Aadhaar card, PAN card, passport, voter ID card, etc.

  • Proof of residence, including an Aadhaar card, passport, voter ID, utility bills, etc

  • Income proof such as the last 6 months' bank account statements, ITR, salary slips (salaried) or business proof documents (self-employed)  

  • Property documents 

  • Passport-size photographs

 

Note that ICICI Bank may require additional documents as per your profile requirements.

How to Apply

Here is the simple online application process you can follow:

  • Click on the ‘Apply Now’ button on this page

  • Enter your personal information to check your offer

  • Select ICICI Bank from the list of lending partners

  • Know the loan amount you can avail

  • Mention the Requirement & Property Details

  • Fill in the required loan amount & details of the property

  • Find out your loan details, associated charges and net disbursal amount

  • Post this, a loan expert will then connect with you to process your application further.

ICICI LAP

FAQs

What types of properties can be used as collateral for a loan against property with ICICI Bank?

All residential, commercial, or industrial properties are eligible.

Are there any specific conditions on how the loan amount can be used after availing it from ICICI Bank?

ICICI Bank allows you to use your loan amount without any restriction. So, you can get a loan to cover wedding costs, education expenses, medical emergencies, etc. 

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