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  • ICICI Bank Loan Against Property

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  • With ICICI Bank Loan Against Property you can get a high margin of financing by keeping your property as collateral. The loan is available for both salaried and self-employed individuals. You can use this loan for a variety of purposes, including business expansion, funding your children’s marriage, or funding a holiday trip, to name a few.

    Interest Rates for Salaried

    For Loans upto Fixed Floating
    Rs.50 lakh 11.90% p.a 10.25% p.a
    Between Rs.50 lakh and Rs.1 crore 11.90% p.a 10.20% p.a
    More than Rs.1 crore 11.90% p.a 10.15% p.a

    Interest Rates for Self- Employed

    For Loans upto Fixed Floating
    Rs.50 lakh 11.90% p.a 10.30% p.a
    Between Rs.50 lakh and Rs.1 crore 11.90% p.a 10.25% p.a
    More than Rs.1 crore 11.90% p.a 10.20% p.a

    ICICI Bank Loan Against Property Rates and Fees

    Processing Fee 1% of the loan amount
    CIBIL Report Charges Rs.50
    Administrative Charges Rs.5,000
    Prepayment Charges 4%
    Conversion Charges 0.5 % of the outstanding amount 1.75% of the outstanding amount
    Documents Retrieval Charges Rs.500
    Repayment Mode Swap Charges Rs.500
    Duplicate No Objection Certificate Rs.100
    Cheque/AD/ECS/Bounce Charges Rs.500
    Revalidation of No Objection Certificate Rs.100

    *Plus Applicable Taxes

    Eligibility Criteria

    Your financial situation and the value of the collateral that you have offered will be considered while giving the loan. Other than that, any salaried or self-employed individual is eligible to apply.

    Documents Required

    Documentation for Salaried Applicants
    • Application form with a signed photograph
    • Residence, age, and identity proof
    • Copy of title documents for the collateral (mortgaged property)
    • Processing fee cheque
    • Last 6 months’ banks statements
    • Last 3 months’ salary slips

      Form 16

    Documentation for Self-employed Applicants
    • Application form with a signed photograph
    • Residence, age, and identity proof
    • Copy of title documents for the collateral (mortgaged property)
    • Processing fee cheque
    • Business existence proof
    • Proof of office address
    • Business profile
    • Last 6 months’ banks statements (current account)
    • Form 16

      Last 3 years’ business financials

    Features

    • Available for both salaried and self-employed individuals
    • Tenure of up to 15 years
    • Financing of up to Rs.5 crore
    • Special offers for doctors
    • Competitive rates

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