You can now apply for ICICI Bank Land Loan to build your asset with land to use now or later.
Land Loans are funded for purchase of land for construction of residential/non-residential property. You can also avail funds for construction based on the construction cost estimate. The construction has to be completed within a period of two years from the date of availing the loan.
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Attractive interest rates |
Construction loans |
High tenure |
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Rate of interest same as Home Loans |
Construction loans can be availed on land property |
Tenure of up to 20 years available |
The eligibility criteria for you to avail ICICI Bank Land Loan depends on the following factors:
| Loan type | Land Loan |
|---|---|
| Loan Amount | Rs 8 lakh – Rs 3 crore |
| Age | Minimum: 25 Years Maximum: 65 Years |
| Eligible profiles | Salaried & Self-Employed |
| Tenure | Up to 20 Years |
Yes, Land Loan can be taken for purchase of land without approved plans. Post completion of this transaction, you can take the estimate and other construction approvals.
No, there is no income tax benefit for Land Loans. The benefit is available only for Home Loans.
The construction has to be completed within a period of 2 years from the date of disbursement of Land Loan.
We have a separate product offering for the purchase and/or construction on a commercial or industrial plot for our self-employed customers. You can apply for the same under that program.
No, Land Loans are provided for construction of individual residential units for self-consumption only. It cannot be availed by a builder or for construction of multiple units for sale.
Leave your details or give missed call to below number and we will get back to you
Missed call number 8100881008
Email us : customer.care@icicibank.com
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