Loan Against Property

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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

 

Prominent features of ICICI Bank Loan Against Property (LAP)

 

Fund Your Business

Fund your business needs

Loan amount up to 5 Crores*

 

Tenures of up to 10 years

Loan Tenure

Low EMI with up to 10 year tenure

 

Transfer your existing LAP

Transfer your existing Loan

At attractive interest rate

Eligibility

Eligibility

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: 60 Years or retirement age whichever is earlier
Eligible profiles Salaried & Self-Employed
Tenure Up to 10 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.