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Get Quick Funds with Loan Against Property

  • Instant provisional sanction

  • Nil foreclosure for SMEs*

  • Loan tenure of up to 15 years

  • Special LTV for doctors

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Disclaimer*: The amortization schedule displayed is indicative and may vary during actual Loan processing.

About Loan Against Property (LAP)

Customised LAP solution

ICICI Bank offers customised and easy Mortgage Loans like Loan Against Property to suit your personal and business needs. Whether you require funds for business expansion, education, medical expenses or debt consolidation, you can avail a loan and choose a repayment option that fits your finances. 

ICICI Bank provides flexibility in loan tenure, attractive interest rates and higher loan amounts depending on your property value and eligibility. With customised solutions, you can manage your expenses better without compromising your long-term financial goals. A customised Loan Against Property ensures that you receive the right support at the right time with minimal stress.

Hassle-free loan process

ICICI Bank ensures a smooth and simple loan application process, making it easy for borrowers to get funds quickly. The documentation requirements are minimal and the application process is straightforward. You can apply online or visit any Branch. The Bank’s representatives will guide you at every step.

Quick property valuation, transparent terms and faster loan disbursement make the process convenient. With personalised loan offers and doorstep services, customers can experience a stress-free journey from application to approval. This hassle-free process ensures that you get funds when you need them the most.

Loan Against Property FAQs

What is a Loan Against Property (LAP)?

Loan Against Property (LAP) is a secured loan where you can pledge your residential, commercial or industrial property as collateral to borrow funds.

Who can take a Loan Against Property (LAP)?

Individuals, including salaried professionals, self-employed individuals and business owners, can apply for a Loan Against Property. Eligibility depends on factors such as income, age, property type and credit score.

What is the maximum tenure for a Loan Against Property (LAP)?

You can avail of a Loan Against Property for a maximum tenure of up to 15 years. However, the tenure offered may vary depending on factors such as your repayment capacity, age and the Bank’s policies.

What type of property can I mortgage for a Loan Against Property?

You can mortgage residential, commercial or industrial properties. The property must be owned by the applicant and should meet ICICI Bank’s eligibility criteria.

Does ICICI Bank offer a Property Loan as an overdraft?

Yes, ICICI Bank offers an overdraft facility under Loan Against Property, allowing you to withdraw funds as needed and pay interest only on the utilised amount.

What percentage of the property value can I avail as a Loan Against Property?

You can avail a maximum of up to 75%* of the property’s market value as a Loan Against Property, depending on factors such as the property type and your eligibility.

How do I get a Mortgage Loan against vacant land?

To get a loan against vacant land, you can apply for a Mortgage Loan with ICICI Bank, either online or offline. The Bank will ask you for certain important documents, including the land ownership documents, income proof and ID proof. The Bank will then analyse the land’s value and your repayment capacity before approving the loan.

What type of property is accepted as collateral for Loan Against Property?

ICICI Bank usually accepts residential, commercial and industrial property as collateral. The property should have clear ownership, proper documentation and no legal disputes. Vacant plots might be accepted in specific cases, but mostly built-up properties are preferred.

What are the foreclosure charges of ICICI Bank Loan Against Property?

Click here to check the foreclosure charges of ICICI Bank Loan Against Property.

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