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Land Loans made simple

Are you planning to purchase a piece of land to build your dream home or for investment purposes? ICICI Bank offers Land Loans to help you finance your land purchase. ICICI Bank Plot Loans are available at attractive interest rates with a tenure of up to 20 years.

Eligibility Criteria for a Land Loan

The eligibility criteria for you to avail an ICICI Bank Land Loan depends on the following factors:

Loan type Land Loan
Age Minimum: 20 years,
Maximum: 70 years
Eligible profiles Salaried & Self-Employed
Tenure Up to 20 years

Explore our unique Home Loan solutions

Express Home Loan

Express Home

Get your home loan instantly with ICICI Bank Express Loans.

Balance Transfer Home Loan

Balance Transfer
Home Loan

Transfer your home loan conveniently and get lower interest rates.

Commercial property Loan

Commercial Property Purchase Loan

Loan For Purchase / Construction Of Commercial Property Up To 75%

Home Improvement Loan

Home Improvement Loan

Renovate your Home Loan with our Home Improvement loan

Home Construction Loan

Home Construction Loan

Raise funds to purchase land and construct a property on the same land

Land Loan FAQs

I want to purchase a land. However, I do not have any approved plans etc. for the construction. Can I still take the loan for the purchase of the land?

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.

Do I get income tax benefit on Land Loan?

No, there is no income tax benefit for Land Loans. The benefit is available only for Home Loans.

What is the maximum time available for starting construction on a purchased land?

The construction has to be completed within a period of 2 years from the date of disbursement of Land Loan.

I want to purchase a commercial land and construct a shop on the plot. Can I get a Land Loan for the same?

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.

I am a builder, constructing a 2 storey, 2-unit house which will be sold as individual units. Can I avail a Land Loan and Home Loan for the construction of the house?

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.

What are the documents required for confirming construction of a house on a purchased plot?

For information related to the documents required and other details, please click here

Can I get a Top-up Loan on a Home Loan?

Yes, you can get a Top-up Loan on your existing ICICI Bank Home Loan. It provides additional funds over and above your original loan amount, making it convenient for various financial needs.

What is the processing fee for a Home Loan Top-up?

The processing fee for an ICICI Bank Home Loan Top-up is 0.5% to 2% of the Loan amount. This fee covers the administrative costs associated with processing your Loan application. Contact the Bank for further details. 

How much Land Loan can I get from ICICI Bank?

ICICI Bank Land Loan amount depends on various factors such as income, credit history and the land value. ICICI Bank offers Land Loans up to ₹1 crore*, depending on eligibility.

How long does it take for Land Loan approval?

ICICI Bank takes a few hours to approve a Land Loan based on the required eligibility criteria. However, it also depends on factors like the applicant’s documentation, property evaluation and credit profile.