Loan Against Property
Bundle of options to choose Loan Against Property Loan from ICICIdirect for your personal or business needs. Both residential and commercial properties can be mortgaged for taking a loan against property.
loan
Loan value up to
60% of Property Value for Residential Properties
50% of Property Value for commercial Properties
LOAN AMOUNT (In Lacs)
10 lakh - 5 crore
(Can go to higher values above 10Cr to 50Cr.)
Age
Minimum: 25 Years - Maximum: 65 Years or retirement age whichever is earlier
Eligible Profiles
Salaried & Self-Employed
Tenure
Up to 15 Years
End Use
Business and Personal Utility
Documents Checklist
LAP FAQs
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What is a Loan Against Property (LAP)?
It is a loan against fully constructed, freehold residential and commercial properties for personal and business needs (other than for speculative purposes) like marriage, medical expenses and child's education, etc. Existing Loan Against Property (LAP) from other banks and financial institutions can also be transferred through ICICIdirect.
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Who can avail a Loan Against Property (LAP)?
Loan Against Property (LAP) can be availed by both salaried and self-employed individuals for personal and professional needs (other than for speculative purposes) like marriage, child's education, business expansion, debt consolidation, etc.
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What is the security that I need to provide in order to avail a Loan Against Property (LAP)?
Security of the loan would generally be security interest on the property being financed by us and/or any other collateral/interim security as may be required by us.
- Can I avail Loan Against Property (LAP) for a commercial property?
Yes, Loan Against Property (LAP) can be availed against a fully constructed and freehold commercial properties.
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What are the documents required for a Loan Against Property?
Refer to Document Checklist.