ICICI Bank Loan Against Property

The ICICI Bank Loan Against Property on Bajaj Markets offers you a convenient way to access funds while leveraging your property.

Whether it is for business growth or significant purchases, you can get a loan of up to ₹5 Crores at competitive interest rates. With flexible repayment of up to 15 years, it helps you manage finances without straining your budget.

ICICI Bank LAP interest rates are competitive and transparent. Check the ICICI Bank Loan Against Property interest rate listed below:

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

Apart from interest rates, the ICICI Bank’s Loan Against Property comes with certain additional fees and charges, as listed below:

Disclaimer: The charges are subject to change at the discretion of the lender. This table has been updated on August 18, 2025.

ICICI Bank provides a variety of Loan Against Property (LAP) options to meet diverse customer requirements, catering to both professional and personal needs. These include: 

• Loan Against Property for Doctors

Designed specifically for medical professionals, this loan offers up to 75% of the property’s value to support the growth of a medical practice. Repayment tenures can extend up to 15 years, providing a solution tailored to professional financial goals. 

• Home Overdraft

This facility grants a sanctioned credit limit from which funds can be withdrawn as needed. Interest is charged only on the utilised amount, not the entire limit. The credit limit is renewed annually at minimal charges, offering high flexibility. 

• Loan Against Property (LAP) Top-up

This option enables you to increase the funds on your existing Loan Against Property with minimal documentation. Suitable for both personal and business expenses, it provides a quick and convenient way to meet additional financial requirements. 

Understanding the ICICI Bank Loan Against Property eligibility criteria before applying can help improve your chances of approval. Alongside being an Indian resident, here are a few parameters you need to meet:

For Salaried Applicants:

• Your age must be between 23 and 60 years

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

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

For Self-employed Applicants:

• Your age must be between 23 and 65 years

• Business vintage of a minimum of 2 years

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

Once approved, you need to provide the documents to complete the loan application process. The ICICI Bank Loan Against Property documents required include: 

• Identity proof

  • Aadhaar card

  • PAN card

  • Passport

  • Voter ID

• Address proof

  • Aadhaar card

  • Passport

  • Voter ID

  • Utility bill

• Bank account statements of the last 6 months

• Income Proof for Salaried Applicants

  • ITR filings

  • Salary slips 

• Income Proof for Self-employed Applicants

  • Business proof documents

• Property documents 

• Passport-size photographs

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

Here is the simple online application process you can follow:

1. Click on the ‘Check Offer’ button on this page

2. Enter your personal information to check your offer

3. Select ICICI Bank from the list of lending partners

4. Know the loan amount you can get

5. Mention the requirement and property details

6. Fill in the required loan amount and details of the property

7. 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. 

You can easily track the status of your ICICI Bank Loan Against Property application online. You can do so either through the official website or through net banking.

Via the ICICI Bank Website

1. Visit the official ICICI Bank website 

2. Click on ‘Track Applications / Service Requests’

3. Enter your registered mobile number and PAN number, or your mobile number and OTP

4. Complete the CAPTCHA verification and click ‘Continue’ to view the loan status 

Via Net Banking

1. Navigate to the ICICI Bank ‘Personal Banking’ section and click on ‘Login’ 

2. Log in to ICICI Bank Internet Banking using your user ID and password  

3. Select ‘Loans’ from the ‘Start In’ dropdown menu 

4. Click ‘Log in’ to see your loan status on the dashboard 

ICICI Bank provides multiple ways to access your loan against property statements. You can check it online via Internet Banking or the iMobile app, or visit the nearest branch for assistance. 

Steps to Check Online (Internet Banking or iMobile App) 

1. Log in to your Internet Banking account or iMobile app 

2. Navigate to the ‘Loans’ section and click on ‘Loan Against Property’ 

3. View your loan account number, principal outstanding amount, and balance tenure 

4. Access your previous loan payment history directly from the platform 

For additional assistance, you can call ICICI Bank Customer Care at 1800 1080. You can also visit the nearest ICICI Bank branch with a valid ID proof.

ICICI Bank offers flexible repayment options for its Loan Against Property. These options are designed to provide convenience and adaptability throughout the repayment tenure. 

• Equated Monthly Instalment (EMI)

EMI is a fixed monthly payment. It covers both principal and interest. This allows you to maintain a predictable repayment schedule. It also helps you manage your monthly budget effectively. 

• Flexible Loan Instalment Plan (FLIP)

The FLIP option is suited for situations where your income may decrease during the loan tenure. This can happen in cases such as retirement. It begins with higher EMIs in the initial years. It then reduces them later, aligning repayments with your income levels.