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


ICICI Loan Against Property is suitable for borrowers of real estate properties that are residential or commercial. The Loan Against Property available on Finserv MARKETS offers ease and convenience. Other important features include flexible repayment tenure, safe payment options, and clear fees.

ICICI Bank LAP Balance Transfer Features

ICICI provides property loans to individuals who need funds to satisfy their businesses as well as personal needs against the mortgage of their current property. There are the following advantages to taking a loan from ICICI:

  • Pay lesser EMIs for a longer duration of up to 15 years.

  • Attractive and cost-effective interest rates.

  • Avail a loan for both business and personal needs against property.

ICICI Bank Loan Against Property Balance Transfer Processing Fees & Other Charges

All the fees and charges applicable for the loan are below.

Interest Rates

Starts from 10.60% p.a.

Processing Fee

  • Processing Fee: 0.5% of the loan amount + Applicable Taxes
  • Administrative Charges: Rs. 5,000 + Applicable Taxes or 0.25% of the loan amount + Applicable Taxes, (whichever is lower)

*The charges are subject to policy changes of ICICI Bank, from time to time.

How ICICI Bank Loan Against Property Balance Transfer Interest Rate is calculated

  • To measure loan EMIs, you can use the online ICICI Bank Loan Against Property EMI Calculator on Finserv MARKETS. EMI is a fixed amount that you are expected to pay every month before the end of your term to repay your loan.

  • EMI calculator allows you to measure your monthly EMI at different interest rates and also search and compare the lowest EMI on LAP per lakh.

  • The higher the amount of the loan, the greater the EMI frequency. You should equate the expected EMI with your monthly repayment ability to assess the amount of EMI that you can service comfortably without creating a financial burden.

  • Loan tenure matters equally, as your EMI is reduced by higher loan tenure.

  • The interest rate on the loan is another aspect that impacts your EMI. The lower the interest rate, the higher the EMI would be. However, relative to a short tenure loan, the cumulative interest performance would be considerably high in a longer tenure loan. Comparison of the loan against the property interest rate of various banks would allow you to choose the cheapest loan and thus boost your eligibility.

ICICI Bank Loan Against Property Balance Transfer Documents Required

  • Identity Proof: PAN/Voter ID/Aadhaar Card

  • Address proof: Aadhaar Card/Passport/Driving License

  • Bank statements of last 6 months

  • Salary slips of last 3 months (applicable for salaried applicants)

  • Certificate & Proof of business existence (applicable for self-employed applicants)

  • Form 16 / Income Tax Returns

  • Property Documents

  • Passport size photo

Frequently Asked Questions

  • ✔️What is ICICI Bank's Loan Against Property balance transfer interest rate?

    ICICI Bank provides a Loan Against Property at a rate starting from 10.60% to salaried and self-employed applicants. If you are already paying a higher interest rate than the ICICI Bank rate, you can opt for an ICICI Bank loan balance transfer.

  • ✔️How to increase my eligibility on ICICI Bank Mortgage loan?

    You will make your spouse or family member the co-applicant for your loan if your spouse or family member is earning well. The combination of both of your earnings would allow you to increase your credit eligibility.

  • ✔️Do I get tax benefits on loans against property from ICICI Bank?

    No tax incentives are available for property loans.

  • ✔️What is the maximum loan tenure I can opt under ICICI Bank LAPBT?

    To repay your loan, ICICI Bank provides a cumulative term of 15 years.