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BEST FOR

 Quick funds for business and personal needs

  • Instant Sanction

  • Hassle-free Documentation

  • Special LTV for doctors

  • Multipurpose end use

Things you should know About
Pre-approved Loan Against Property

  • Eligibility Criteria

    Salaried, self-employed individuals and doctors can apply based on property ownership and income profile.

  • Required Documentation

    Basic KYC, income proof, property papers, and other minimal documents are needed for smooth processing.

  • Loan Amount Factors

    Sanction depends on property value, applicant’s repayment capacity, and eligibility norms like credit score and income.

  • Special benefits for doctors

    Exclusive Loan-to-Value (LTV) ratio offers doctors higher sanction eligibility compared to standard applicants

About Pre-approved Loan Against Property

Loan Sanction Amount

Get up to 75%* of your property value as a loan. A higher sanction amount helps meet your personal and business funding needs with ease.

Quick & Easy Application

Get an Instant sanction with No documentation

*T&Cs. Subject to verification and approval of information and documents submitted to the Bank.

Eligibility Criteria

Available for property owners with a stable income. Self-employed professionals, self-employed non-professional and salaried individuals are eligible.

FAQs

What is an Pre-approved Loan Against Property?

An Pre-approved Loan Against Property allows eligible ICICI Bank customers to mortgage their residential or commercial property and access funds for personal or business needs, offered at attractive interest rates with minimal documentation and instant sanction.

How can I apply for an Pre-approved Loan Against Property?

You can apply easily through:

  • Internet Banking

  • ICICI Bank's iMobile app

  • Universal Customer Journey (UCJ)

  • Express Home Loan application

Who is eligible to apply for an Pre-approved Loan Against Property?

  • Existing ICICI Bank customers

  • Property owners with valid income proof

  • Residential or commercial property must be fully constructed and freehold

What type of properties are accepted for this loan?

Only fully constructed, freehold residential or commercial properties owned by existing ICICI Bank customers are eligible for this loan.

Can I choose or change the loan tenure?

Yes! You can select or reduce the loan tenure during application, subject to the maximum tenure set by ICICI Bank.

Can I adjust the loan amount after applying?

  • You can reduce the loan amount before finalising.

  • Once the final sanction amount is declared by ICICI Bank, enhancement is not possible.

What is the validity period of the Sanction Letter?

The sanction letter remains valid for up to 6 months from the date of issue.

Take a word from our Customers

  • P

    Peddintli Rao Dodda

    Rating: 4.5 stars

    I want to express my sincere appreciation for the Relationship Manager who assisted me with my Home Loan application. His follow-up and guidance were instrumental in making the loan process fast and efficient. It took less than two days for the sanction. The disbursement was quick, covering the legal and technical aspects. This speed is not possible with other banks. Thank you for such dedicated support and exceptional service.

  • A

    Abhishek Gupta

    Rating: 5 stars

    I availed a Home Loan from ICICI Bank and I highly recommend it. The application process was simple, documentation requirements were clear and the Bank's team was responsive and professional. The loan approval and disbursal were on time, and the transparency of the terms and conditions was commendable. Overall, I had a hassle-free and satisfying experience with ICICI Bank Home Loan team. I am grateful for the support and assistance I have received from the dedicated team of ICICI Bank. I am looking forward to a long and trusted relationship with ICICI Bank.

  • S

    Suraj Srivastava

    Rating: 4.5 stars

    ICICI Bank and its Relationship Manager made my Home Loan process as simple as it could be. It took just 3 weeks from the first enquiry call to the loan disbursement. Hats off to the team for their prompt actions, timely reminders for documents, closure of tasks etc. I will share my wonderful experience with others and strongly recommend ICICI Bank Home Loan to everyone. Thanks team.

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