Loan Against Property

Avail ICICI Bank Loan Against Property (LAP) for your business or personal needs. You can mortgage both residential and commercial property and enjoy comfortable EMIs with long tenure of up to 15 years.

Prominent features of ICICI Bank Loan Against Property (LAP)



The eligibility for LAP is assessed based on the financials of the customer and the value of the property being offered as a collateral:


Loan Amount Rs 10 lakh – Rs 5 crore
Loan type Loan against property
Age Minimum: 25 Years
Maximum: 65 Years or retirement age whichever is earlier
Eligible profiles Salaried & Self-Employed
Tenure Up to 15 Years
End use Business and Personal Utility

Frequently Asked Questions (FAQs)

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 i.e. there should be no other loan running on the property offered as a security for LAP.

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 70% of the property value as LAP. However, the amount 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
  • Purchase of equipment
  • Holiday
  • Education of children.
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