ICICI LAP: ICICI Bank Mortgage Loan

ICICI Loan Against Property at Bajaj Markets

✓ Loan Against Property from ₹2 Lakhs to ₹15 Cr ✓ Multiple Lending Partners ✓ Interest Rates Starting @ 8.99%

Too many financial requirements, but falling short of funds? Worry not! Loan Against Property from ICICI Bank is here to help you. Business scaling, child’s education, wedding, or medical emergency, Loan Against Property will take care of all your financial worries.  So, why wait, apply for Loan Against Property on Bajaj Markets now!

ICICI Bank Loan Against Property: Features & Benefits

  • Loan Amount

    Apply for a Loan Against Property of up to Rs. 5 Cr on Bajaj Markets and get the required financial assistance.

  • Flexible Repayment Options

    The repayment tenure can go as high as 180 months for both salaried and self-employed applicants, making the repayment process very convenient.

  • Balance Transfer Options

    Balance transfer facility is also available with LAP, which will help reduce your rate of interest.

  • Nominal Rates of Interest

    Interest rates are competitive and start from 10.60% p.a.

  • High Loan-to-Value Ratio

    You can avail the loan amount up to 60% of the property value.

Why Choose Bajaj Markets

Fast Online Process

Now get an online loan in an instant with easy approval and disbursal process.

Minimal Documentation

Get the best loan offers hassle-free, without any tedious paperwork.

Transparency Guaranteed

No hidden charges, no dubious policies, just 100% transparency!

Custom-made Loans

Get easy loans designed to meet your specific requirements.

Trusted Companion

Customers across the country trust us. It's your turn now. Join us and enjoy a host of exclusive products and benefits.

How to Apply for ICICI Loan Against Property on Bajaj Markets

Here are the simple steps.

  • Fill your Personal and Income Details

    Enter your personal and income details and get instant loan eligibility.

  • Choose your Lending Partner

    Choose ICICI Bank from the list of lending partners.

  • Estimate Borrowing Power

    Know the loan amount you can possibly avail.

  • Mention the Requirement & Property Details

    Fill the required loan amount & details of property.

  • Unlock Final Details

    Find out your loan details along with all the associated charges and net disbursal amount. Post this, a loan expert will then connect with you to process your application further.

Eligibility Criteria for ICICI Loan Against Property

Following criteria must be fulfilled to be eligible for Loan Against Property:

  • The applicant’s age must be between 23-60 years, if salaried and 23-65 years if self-employed.
  • The income of the salaried applicant must be above Rs. 25,000 per month.
  • For self-employed applicants, minimum Profit After Tax (PAT) must be Rs. 25,000 per month.
  • The salaried applicant must have a work experience of at least 1 year.
  • Business vintage of minimum 2 years is required for self-employed applicants.

Documents Required for ICICI Loan Against Property

  • 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-sized photo

ICICI Bank Loan Against Property Interest Rates

Interest Rate

 10.60% p.a. onwards

Associated Charges

  • 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)

Loan Repayment Tenure


12-180 months


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

Calculate Your ICICI LAP EMI

You can calculate your Loan Against Property EMI using EMI Calculator on Bajaj Markets. Enter the principal amount, repayment tenure, and rate of interest and get the EMI amount in a jiffy. The tool helps you save a lot of time and help you manage your finances in a better way.

ICICI Bank Loan Against Property Prepayment

It is possible to close the loan before the set tenure ends. The charges for prepayment are 4% plus applicable charges.

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Frequently Asked Questions

  • ✔️How does lender assess what amount of Loan Against Property (LAP) can be funded?

    The lender assesses various factors like property value, income, age, work experience, CIBIL score, to determine the amount that you can avail.

  • ✔️Can I take LAP as an overdraft?

    Yes, you can take an overdraft up to 90% of the total LAP amount.

  • ✔️What are the purposes of LAP loan?

    LAP can be used for business expansion, wedding expenses, travel, education.

  • ✔️What is the difference between Home Loan & Loan Against Property?

    Home Loan is taken to purchase a house, while Loan against property is availed to fulfill the requirement by mortgaging the property that is owned.

  • ✔️ Is it mandatory to take all the property owners as co-applicant in the loan?

    Yes, it is mandatory to take all the property owners as a co-applicant in the loan.


  • ✔️ What security do I need to provide?

    As a security or collateral, you need to provide either residential or commercial property, to avail the loan.


  • ✔️ Are prepayment charges applicable on ICICI Bank Loan Against Property?

    Yes, the prepayment charges on Loan Against Property is 4% plus applicable charges.