Loan Against Property Icici

Loan Against Property from ICICI Bank is the Great way to unlock the hidden value of your property. With Property loan, you can utilise full benefits from life's little surprises you may have earlier passed over due to lack of funds. This multi-purpose loan puts funds at your disposal to use as you wish. What's more, loan against property is available at a reasonable rate and can be repaid comfortably over as many as 10 years.

Your property can help you fulfil your dreams. Avail a Loan Against Property, at lower interest rates.

Features of ICICI Bank Loan Against Property

High loan amount of up to 5 crore & minimum amount Rs. 10 Lakh.
Flexible repayment period of upto 15 years.
balance transfer facility available
Special offers for Doctors with 70% loan amount of the property value.

Apply for Best Loan Against Property in Icici

Professional Details

Loan Amount:

Occupation:

City:

Annual Income:

Banks	Interest Rates	Processing fees
HDFC	9.50% to 10.50%	Maximum of 1% of loan amount
SBI	10.35% - 11.05%	Flat Rs. 10,000/- plus applicable GST
ICICI Bank	9.75% - 10.90%	1.00 % + AT*
Axis Bank	9.90% - 10.35%	1% or Rs 10,000 (whichever is higher)

ICICI Bank Loan against property interest rate bifurcation for salaried and self-employed individuals

Salaried Borrower

Slab	Priority Sector Lending	Non-priority Sector Lending
Loan Against Property (LAP)	RR +4.85% (9.75%) – RR+5.50% (10.40%)	RR +4.85% (9.75%) – RR+5.50% (10.40%)
Non Residential Premises (NRP)	RR +4.85% (9.75%) – RR+5.50% (10.40%)	RR +4.85% (9.75%) – RR+5.50% (10.40%)
Lease Rental Discounting (LRD)	RR +4.85% (9.75%) – RR+5.50% (10.40%)	RR +4.85% (9.75%) – RR+5.50% (10.40%)

Self - Employed Borrower

Slab	Priority Sector Lending	Non-priority Sector Lending
Loan Against Property (LAP)	RR +4.85% (9.75%) – RR+5.50% (10.40%)	RR +5.35% (9.75%) – RR+6.00% (10.90%)
Non Residential Premises (NRP)	RR +4.85% (9.75%) – RR+5.50% (10.40%)	RR +5.35% (9.75%) – RR+6.00% (10.90%)
Lease Rental Discounting (LRD)	RR +4.85% (9.75%) – RR+5.50% (10.40%)	RR +5.35% (9.75%) – RR+6.00% (10.90%)

The lap interest rates will vary based on various parameters such as the Bureau Score, Segments, etc.

Loan Against Property Documents

ICICI Bank’s Loan Against Property follows a simple documentation process. If you are a salaried or self-employed individual, you need to submit the below documents, along with a signed application for a loan sanction

*Aadhaar card, PAN Card, Passport, Voter ID etc.

**Salary slips (For salaried individuals), Bank account statements, Income tax returns

***Title Deeds, including the previous chain of documents from earlier owners, if any, Property approval plan, No encumbrance documents

****Appointment letter, in case you are associated with a company for less than a year Last 6 months’ bank statements of loan repayments, in case you have any ongoing loan

Passport size photographs of the applicant/co-applicant, to affix on the application form