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Get an ICICI Bank Loan Against Property starting at 10.6% p.a., loan amount up to 5 Crores, and tenures up to 15 years with easy-to-meet eligibility criteria and convenient repayment options.
Last updated on: Jun 06, 2026
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.
These details are essential for planning your borrowing and understanding the overall cost of the loan:
| Feature | Details |
|---|---|
Interest Rate |
Competitive rates starting from 10.6% p.a. (linked to the Repo Rate/External Benchmark). |
Maximum Loan Amount |
Access substantial funding from up to 5 Crores, depending on property valuation and income. |
Maximum Repayment Tenure |
Enjoy a flexible repayment period of up to 15 years (180 months) to keep your EMIs affordable. |
Processing Fee |
Generally ranges between 0.50% and 2.00% of the loan amount (or a minimum of ₹3,000) plus applicable taxes. |
Prepayment Charges |
Nil for floating-rate loans to individuals (non-business use). For other categories, charges typically range up to 4% of the prepaid amount. |
Loan-to-Value (LTV) Ratio |
Get funding up to 60% to 70% of the market value for standard properties, and up to 75% for medical professionals. |
Co-applicant |
Adding a co-applicant (such as a spouse or immediate family member) is permitted and can help enhance your total loan eligibility. |
ICICI Bank LAP interest rates are competitive and transparent. Check the ICICI Bank Loan Against Property interest rate listed below:
| Fees and Charges | Details |
|---|---|
Interest Rate |
10.6% 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 |
Part-payment Fees |
NIL |
Login/Application Fees |
₹7,000 or ₹ 10,000 (depending on property) + GST |
Conversion Fees |
|
Cheque/ECS/NACH dishonour Charges, per transaction |
₹500 charges per bounce/return/dishonour of cheques |
Cheque/Repayment mode swap charges |
₹500
|
Penal Charges for default/delay in payment/repayment of any part of the loan amount on the due date |
5% p.a. on the overdue amount from the original due date until it is fully paid |
Charges for Amortisation Schedule /Statement of account/ prepayment statement |
₹200 |
Charges for duplicate NOC/No Dues Certificate and no objection certificate |
₹250 |
Non-refundable charges under CERSAI |
|
Non-Maintenance of Mode of Payment charges (NMMP) |
₹800 |
Disclaimer: The charges are subject to change at the discretion of the lender.
Get a loan of up to 5 Crores based on your property value and eligibility
Choose a convenient repayment tenure of up to 180 months and manage your EMIs hassle-free.
Get a competitive interest rate when you opt for a loan against property from ICICI Bank, starting from 10.6% p.a.
You can use the loan amount to cover all your financial requirements without any restrictions.
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:
| Parameters | Description |
|---|---|
Employment Type |
This facility is available to Salaried individuals (employed in private/public sectors) and Self-employed individuals (including professionals and business owners). |
Property Type |
Borrowers can pledge Residential, Commercial, or Industrial properties as collateral. The loan amount is determined based on the current market value of the property. |
Minimum Age for Applying |
The minimum age requirement for applying is 23 years for both salaried and self-employed applicants. |
Maximum Age at Loan Maturity |
The maximum age limit at the time of loan maturity is 60 years for salaried individuals and 65 years for self-employed individuals. |
Credit Score |
A healthy CIBIL score (typically 700 or above) is essential for meeting eligibility standards and securing competitive rates. |
Loan to Value (LTV) |
ICICI Bank offers a high Loan-to-Value ratio, allowing you to access substantial funding (up to 5 Crores) based on a significant percentage of your property's appraised value. |
Disclaimer: The eligibility criteria and parameters mentioned above are indicative and subject to change at the sole discretion of ICICI Bank. It is advised to verify the latest terms and conditions directly with ICICI Bank before applying.
Once approved, you need to provide the documents to complete the loan application process. The ICICI Bank Loan Against Property documents required include:
| Document Type | Salaried Applicants | Self-Employed Professionals | Self-Employed Business Owners | For NRI Applicants |
|---|---|---|---|---|
Photo ID Proof |
[Aadhaar Redacted], PAN Card, Passport, or Voter ID |
[Aadhaar Redacted], PAN Card, Passport, or Voter ID |
[Aadhaar Redacted], PAN Card, Passport, or Voter ID |
Passport, [Aadhaar Redacted] (if held), or Voter ID |
Address Proof |
[Aadhaar Redacted], Passport, Voter ID, or Utility Bill |
[Aadhaar Redacted], Passport, Voter ID, or Utility Bill |
[Aadhaar Redacted], Passport, Voter ID, or Utility Bill |
Passport (with overseas address) or Utility Bill |
Income Proof |
Salary slips and ITR filings |
ITR filings and Business proof |
ITR filings and Business proof |
Salary certificates and overseas bank statements |
Financial Records |
Bank account statements (Last 6 months) |
Bank account statements (Last 6 months) |
Bank account statements (Last 6 months) |
NRE/NRO bank account statements |
Property & Photos |
Property documents & Passport-size photos |
Property documents & Passport-size photos |
Property documents & Passport-size photos |
Property documents & Passport-size photos |
Note that ICICI Bank may require additional documents as per your profile requirements.
Here is the simple online application process you can follow:
Click here to proceed to the application page
Enter your personal information to check your offer
Select ICICI Bank from the list of lending partners
Know the loan amount you can get
Mention the requirement and property details
Fill in the required loan amount and 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.
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.
Visit the official ICICI Bank website
Click on ‘Track Applications / Service Requests’
Enter your registered mobile number and PAN number, or your mobile number and OTP
Complete the CAPTCHA verification and click ‘Continue’ to view the loan status
Navigate to the ICICI Bank ‘Personal Banking’ section and click on ‘Login’
Log in to ICICI Bank Internet Banking using your user ID and password
Select ‘Loans’ from the ‘Start In’ dropdown menu
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.
Log in to your Internet Banking account or iMobile app
Navigate to the ‘Loans’ section and click on ‘Loan Against Property’
View your loan account number, principal outstanding amount, and balance tenure
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.
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.
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.
All types of properties, such as residential, commercial, or industrial properties, are eligible for a loan against property.
ICICI Bank allows you to use your loan amount without any restrictions. So, you can get a loan to cover wedding costs, education expenses, medical emergencies, etc.
You can borrow up to 5 Crores with an ICICI Bank Loan Against Property, available on Bajaj Markets.
Yes, you can get an overdraft facility on your loan against property from ICICI Bank.
Your spouse or an immediate family member can be your co-applicant when applying for an ICICI Bank Loan Against Property.
Yes, you can transfer your ICICI Bank Loan Against Property to another bank through a balance transfer facility. This enables you to benefit from lower interest rates or more favourable loan terms offered by the new institution.
If you miss an EMI payment, late payment charges may apply. Additional interest can also be charged on the overdue amount. Frequent delays adversely affect your credit score and repayment history.
The repayment tenure can be up to 15 years. The exact term depends on factors such as the loan amount, your profile, and the bank’s evaluation.
Yes, NRIs are eligible to apply for a loan against property with ICICI Bank.
You can access your statement online via ICICI Bank’s iMobile Pay app or Internet Banking under the ‘Loans’ section. Alternatively, visit a local branch with a valid ID or call 1800 1080. These statements provide a detailed breakdown of your principal outstanding, interest paid, and remaining repayment tenure.
Track your application by visiting the ICICI Bank website and navigating to ‘Track Application’. Enter your registered mobile number and PAN or application form number to receive an update. You can also use the iMobile app or contact your dedicated loan manager for real-time status alerts and pending requirements.
While ICICI Bank does not strictly disclose a single cutoff, a CIBIL score of 750 or above is generally preferred for faster approval and better interest rates. Applicants with scores between 650 and 700 may still qualify, though the bank might impose stricter terms or higher interest margins.
An ICICI Bank LAP is a secured loan where you pledge residential or commercial property as collateral. The bank provides up to 5 Crores based on the property’s market value. You retain ownership and use the premises while repaying the loan through EMIs over a tenure of up to 15 years.
ICICI Bank typically offers LAP with floating interest rates linked to the Repo Rate (External Benchmark Lending Rate). This means your EMI may fluctuate based on RBI policy changes. However, options for fixed-rate periods or semi-fixed structures may be available; always confirm the current offering during your application process.
Yes, both salaried and self-employed individuals are eligible. Salaried applicants generally need a minimum monthly income of ₹25,000 and one year of work experience. Self-employed applicants require at least two years in their current business and must demonstrate consistent profitability (PAT) to meet the bank’s specific financial benchmarks.
Yes, ICICI Bank offers a LAP Top-up facility for existing borrowers with a clean repayment track record. This allows you to access additional funds over your original loan amount with minimal documentation. It is an ideal way to manage unexpected personal or business expenses without applying for a new loan.
Defaulting triggers penal charges and severely damages your credit score. Since the property is collateral, the bank has the legal right to seize and auction it under the SARFAESI Act to recover the outstanding debt. Persistent defaults will lead to legal recovery proceedings.
ICICI Bank allows you to pledge multiple properties to increase your total loan eligibility. While there isn't a strictly defined "maximum count," the combined value of the residential, commercial, or industrial properties must meet the bank’s LTV (Loan-to-Value) ratios and undergo individual technical and legal verification by the bank.
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