Loan Against Property

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Avail Loan Against Property by mortgaging Residential/Commercial Property.

Customers who require a loan for either personal or business needs can get a loan against their property (residential or commercial) from ICICI Direct. The loan value may vary depending on whether the mortgaged property is residential (60% of property value) or commercial (50% of property value). Salaried and self-employed individuals between 25 years to 65 years (or retirement age, 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.

Features & Benefits

  • Secure a loan against your residential or commercial property
  • Loans available at attractive rates of interest
  • Longer tenure and easy repayment in monthly instalments
  • Minimal, hassle-free documentation
APPLY NOW for instant approval and faster processing of your loan

Documents Required for Loan Against Property

Salaried Customers
  • Application form with photograph
  • Identity and Residence proof
  • Last 6 months bank statements
  • Processing fee cheque
Businessmen – Professionals
  • Application form with photograph
  • Identity and Residence proof
  • Last 6 months bank statements
  • Processing fee cheque
Income Documents
  • Latest Salary Slip
  • Form 16
  • Educational Qualifications Certificate and Proof of Business
  • Business Profile and Previous 3 years Income Tax returns (self and business)
  • Statement of previous 2 years of loans availed
  • Previous 3 years Profit/Loss and Balance Sheet

Loan Against Property FAQs