Loan Against Property
ICICI Bank Loan Against Property (LAP) can be availed for your business or personal needs. You can mortgage both residential and commercial property and avail loan with lower EMIs and tenure upto 10 years
The bank assesses the loan amount based on your income financials as well as the value of the property.
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.