ICICI LAP: ICICI Bank Mortgage Loan

In instances where you have urgent financial requirements, but you are falling short of funds, there is no need to stress. You can get financing via a loan against property (LAP) from ICICI Bank. This is a secured offering, wherein you get access to a sizable sanction on affordable terms. 

Be it for scaling your business, paying for a child’s education, wedding, or medical emergency, an ICICI loan against property will cover all your financial emergencies. Best of all, you can apply for an ICICI Bank loan against property on Bajaj Markets!

Read on to understand more features and benefits of the ICICI LAP. 

Disclaimer: The charges are subject to policy changes of ICICI Bank.

Here is a table comparing the ICICI Bank loan against property interest rates with various other lending partners on Bajaj Markets.

Disclaimer: The interest rates can vary for each lending partner and are subject to change at the financial institution’s discretion.

You can compute your EMI using the ICICI LAP EMI calculator on Bajaj Markets. Enter the principal amount, repayment tenure, and the applicable loan against the property interest rate at ICICI Bank. 

That’s all, and you get the EMI amount in a jiffy. The tool saves a lot of time and helps you manage your finances in a better way. Furthermore, you can tweak specific parameters of the ICICI LAP calculator to arrive at the right EMI amount.

You need to meet the following ICICI Bank loan against property eligibility criteria to get a loan approval:

• Your age must be between 23-60 years if salaried and 23-65 years if self-employed

• Your monthly income must be above ₹25,000

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

• You must have a work experience of at least one year as a salaried professional

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

   

Meeting all these loan against the property eligibility criteria of ICICI Bank can ease your loan approval process and provide funds during financial emergencies. Additionally, you can use the ICICI Bank LAP EMI calculator to calculate your loan EMIs before availing a loan from ICICI Bank.

Here are the essential documents required for an ICICI Bank loan against property:

• Identity proof: PAN/Voter ID/Aadhaar card

• Address proof: Aadhaar card/Passport/Driving licence

• Bank statements of the last six months

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

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

• Form 16/Income Tax Returns

• Property documents

• Passport-size photos