ICICI Bank offers easy Mortgage Loan solutions like Loan Against Property, designed to meet the financial needs of various customers. You can apply for a Loan Against Property against residential, commercial or industrial property and use the funds for business or personal purposes. The types of Loan Against Property can be classified based on property type, employment profile of the borrower and usage of the loan amount.

By Property Type

• Loan Against Residential Property: You can use your self-occupied or rented home to raise funds through a Loan Against Property, with flexible repayment choices and a tenure of up to 15 years.
• Loan Against Commercial Property: Suitable for shops, offices or warehouses, this loan helps you access high-value funding with flexible repayment choices.
• Loan Against Specialised Property: This loan is available against schools, hospitals or warehouses and comes with flexible repayment choices. 

By Employment Profile

• Loan Against Property for Salaried Individuals: Available for individuals aged 20 - 65 years*, with a minimum credit score of 700*. Required documents include salary slips and bank statements.
• Loan Against Property for Self-Employed Individuals: Available for individuals aged 21 - 70 years*, with a minimum credit score of 700*. Required documents include Income Tax Returns (ITRs) and bank statements.
• Loan Against Property for Doctors: A special loan with a higher Loan-to-Value (LTV) ratio, quicker approval and a tenure of up to 15 years.
• Instant Loan Against Property: Offered to select existing ICICI Bank customers, with instant sanction and minimal documentation. 

By Usage

• Multipurpose Loan Against Property: Funds can be used for education, weddings, business growth or medical needs.
• Overdraft Against Property (OD Against Property): Flexible withdrawals with interest charged only on the amount used.
• Top-up Loan Against Property: Additional finance for existing borrowers who have availed a Loan Against Property.
• Lease Rental Discounting (LRD): This type of loan is structured on rental income from commercial premises.

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.

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.

High Loan Amount

Mortgage Loans like Loan Against Property allow borrowers to access high loan amounts by pledging residential or commercial property as collateral. The lender evaluates the property’s market value before sanctioning the loan. The substantial amount makes this loan ideal for business expansion, home renovation or large medical expenses.

Flexible Repayment Tenure

With ICICI Bank Loan Against Property, you can enjoy flexible repayment tenures extending up to 15 years. Such long durations reduce financial pressure by spreading out instalments over time. This flexibility helps you plan repayments according to your income and cash flow.

Attractive Interest Rates

ICICI Bank offers Loans Against Property at attractive interest rates, making repayment affordable without disrupting monthly expenses. Additionally, with Overdraft Against Property, applicants benefit from paying interest only on the used amount, rather than the sanctioned amount. This reduces unnecessary costs and ensures better financial planning.

Freedom of Usage

Loans Against Property offer freedom in usage of the loan amount. Applicants can use the funds for diverse needs like medical emergencies, education, business purposes or debt consolidation. This flexibility ensures that financial requirements are met without limitations, making the loan a practical and versatile funding option.

With a strong presence across India and robust digital banking platforms, ICICI Bank ensures seamless support and accessibility for all customers.