Features and Benefits of Loan Against Property

Fund Your Business

Get Loan Against Property

Loan Tenure

Tenure up to 15 Years

Balance Transfer Available

Digital Sanction

Overdraft Facility

Sanction of up to 75%*, of the property value

Calculate Loan Against Property EMI

Calculate the EMI amount against the Loan Against Property you want to apply for.

Loan Amount

Interest Rate

p.a.

Loan Term

Years

Monthly EMI: Rs. 28,752.16

Loan Against Property

Apply for ICICI Bank Loan Against Property (LAP) by
pledging residential and/or commercial property for business
or personal needs. Secure a loan amount upto 60% of
property value. These funds can be directed towards
expanding business, purchasing new property and
enhancing existing infrastructure. Enjoy comfortable EMIs at
attractive interest rates with a loan tenure of up to 15 years.

Frequently Asked Questions

How does the bank assess what amount of Loan Against Property (LAP) can be funded?

The bank assesses the loan amount based on your income financials as well as the value of the property.

What type of property can I mortgage for LAP?

You can mortgage both residential and commercial property for availing LAP. However, the property should be free from any charge. You also can avail LAP against Select Properties such as Schools, Nursing Homes upto 30 Beds, Warehouses etc.

Can you offer LAP as an overdraft?

Yes, you can avail up to 90% of the total LAP as an overdraft.

What percentage of the property value can I avail as an LAP?

You can avail up to 75% of the property value as LAP. However, this percentage will depend on the property type and other checks.

What are the purposes for which I can avail an LAP?

You can avail an LAP for any business or personal use* like:

  • Business expansion
  • Long-term working capital
  • Debt consolidation to lower the Cash outflows
  • Purchase of equipment
  • Holiday
  • Education/Marriage of children
Can I avail LAP against rented premises?

Yes, you can avail. Loan to value ratio may vary depending upon the type of property

Difference between Home Loan & Loan Against Property?

Home Loan is availed to buy property whereas the Loan against property is taken against already owned property. In both the scenario client needs to Mortgage the underlined property with bank.

Can I transfer my Loan against property (LAP) with other Bank for enhanced amount or tenure?

Yes , it is possible to transfer your loan to other banker for enhanced amount or tenure or Both.

Can I take part disbursement under LAP as per my need?

Yes, it is possible to take the disbursement in parts.

Can I take loan against my warehouse property owned by me?

Yes, Now it is possible to take loan against warehouse property under LAP as well as LRD.

Is it possible to take part of the term loan as Overdraft facility?

Yes, it is possible , provided minimum 10 % of the loan amount should be Term Loan. Only once TL is disbursed, OD limits can be established in account.

Can I apply for the loan for my business against my friend’s residential property?

No, Third party property cannot be offered to take LAP.

Is it mandatory to take all the property owners as co-applicant in the loan?

Yes, All the property owners should be party/co-applicant to the loan.

Is it allowed to sell off the property during the tenure of the loan?

Yes, it is very much possible provided either buyer of the property takes over the loan liability or customer make the payment of the balance amount.

Address: Registered Office: ICICI Bank Tower, Near Chakli Circle, Old Padra Road, Vadodara 390007, Gujarat, India
Terms & conditions apply