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. 

ICICI Loan Against Property Interest Rates and Charges 2023 

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

Compare ICICI Loan Against Property with Other Partners

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.

ICICI Bank Loan Against Property EMI Calculator

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.

ICICI Loan Against Property Eligibility

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.

Documents Required for ICICI Loan Against Property

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

How to Apply for an ICICI Bank Loan Against Property Online

Here is the simple process to apply for an ICICI home loan on Bajaj Markets:

• Fill in Your Personal and Income Details

  Choose the loan type and enter your personal information to check your offer.

• Choose your Lending Partner

  Choose ICICI Bank from the list of lending partners.

• Estimate Borrowing Power

  Know the loan amount you can avail.

• Mention the Requirement & Property Details

  Fill in the required loan amount & details of the property.

• Unlock Final Details

  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.