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Introduction

Get tailor-made property loans from a wide range of loan options. Mortgage your residential or commercial real estate to avail a loan against the property. The loan value may vary depending on whether the mortgaged property is residential (60% of property value) or commercial (50% of property value). Customer can be Salaried and self-employed individuals between 25 years to 65 years of age (or aage, whichever is earlier) are eligible to avail such loans. A loan of Rs 10 lakh to Rs 5 crore can be taken, with a tenure of up to 15 years.

  • Loan Calculator

  • EMI Comparison calculator

LOAN AMOUNT

INTEREST RATE

LOAN TERM (Years)

Existing Loan

LOAN AMOUNT

INTEREST RATE

LOAN TERM (Years)

Balance Transfer Loan

LOAN AMOUNT

INTEREST RATE

LOAN TERM (Years)

Emi Savings
Total Interest Savings
Total Payment Savings
Existing Loan
Balance Transfer Loan

Documents Checklist

Home loan documents

SALARIED CUSTOMERS

  • Application form with photograph
  • Identity and Residence proof
  • Last 6 months bank statements
  • Processing fee cheque
Home loan documents

BUSINESSMEN – PROFESSIONALS

  • Application form with photograph
  • Identity and Residence proof
  • Last 6 months bank statements
  • Processing fee cheque

FAQs

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.

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.

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.

Yes, Loan Against Property (LAP) can be availed against a fully constructed and freehold commercial properties.

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