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Introduction to ICICI Bank Loan Against Property

ICICI Bank Loan Against Property is one of the effective ways to raise money. It offers a high loan amount, lower interest rate and a flexible loan tenure. Additionally, you can leverage our attractive offers to meet your financial needs, without any hassles. 

Applying for a Loan Against Property at ICICI Bank involves a simple online application process for salaried employees, business professionals and self-employed individuals, who own residential, commercial, or a special purpose property in their name. Enjoy comfortable EMIs with a long tenure of up to 15 years and also avail an Overdraft with it.

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Loan Against Property Documents & Eligibility

Proof of Identity and Residence*
Proof of Identity and Residence*

Proof of Income**

Property documents***

Other documents****

Loan Against Property Documents

ICICI Bank’s Loan Against Property follows a simple documentation process. If you are a salaried or self-employed individual, you need to submit the below documents, along with a signed application for a loan sanction

  • Aadhaar card, PAN Card, Passport, Voter ID etc.
  • Salary slips (For salaried individuals), Bank account statements, Income tax returns
  • Title Deeds, including the previous chain of documents from earlier owners, if any, Property approval plan, No encumbrance documents
  • Appointment letter, in case you are associated with a company for less than a year
    Last 6 months’ bank statements of loan repayments, in case you have any ongoing loan
  • Passport size photographs of the applicant/co-applicant, to affix on the application form
  • Self-employed non-professionals need to submit a business profile document.


ICICI Bank offers an advantage to medical professionals in the form of LAP for Doctors, with a loan sanction of up to 75% of the property value. If you are a doctor and own a property and are looking for funds to transform your clinic into a nursing home or have any other financial requirement, you can apply for a Loan Against Property at a higher loan amount, for a loan term of 15 years.


Now enjoy a credit limit with Loan Against Property Overdraft (Home OD) or the LAP OD facility. The OD facility financing option lets you withdraw a certain amount from the sanctioned limit and the borrower can utilise the limit as per their requirement. This is a long term dropline limit that would be auto-renewed every year, at minimum renewal charges. The interest rate is applicable only on the amount you utilise to finance your needs.


You can also avail a Top-up Loan on your existing Loan Against Property. Whether you are facing a shortage of funds for personal or business purposes, a Top-Up Loan is an ideal choice. It requires simple and minimal documentation if you already have an ongoing LAP with ICICI Bank.


Home Loans

Home Loans

Instant* Sanction with special fees

Balance Transfer

Balance Transfer

Transfer your Home Loan to us and save more

Get a top up on your existing loan

Top Up Loan

Get a top up on your existing loan

Popular Mortgage Loan FAQs

A Loan Against Property is a secured loan, wherein you can mortgage your residential, commercial or special use property to get immediate funds for any purpose, ranging from business expenditure to personal needs. In LAP, the property you own, which has a clear title is kept with ICICI Bank as a collateral or security, to help you get financial assistance.

When it comes to a Loan Against Property eligibility, ICICI Bank’s Loan Against Property is available for salaried individuals between the age of 25 to 65 who want to fund wedding expenses, child’s education, medical treatment, property purchase, debt consolidation, or for any other purpose.

The loan facility is also available to self-employed individuals who have their own business or practice. The minimum age is 25 and the maximum age is 65, when it comes to a Loan Against Property’s eligibility.

ICICI Bank LAP is also tailored to meet the needs of medical professionals. This category of customers can easily qualify for the loan and get an instant Loan Against Property approval on the loan amount.

Doctors are eligible to get a loan amount that is up to 75% of their property value. They can use the funds for buying medical equipment, expanding their operations, buying a second home and more.

The funding is also available for industrial or any other special use properties, for a tenure of up to 10 years.

ICICI Bank Loan Against Property tenure is easy funding that any individual can opt for a maximum tenure of up to 15 years.

As the name suggests, you need to mortgage your property, to ensure access to immediate funding. Your property will act as a security against the loan amount that you are seeking to apply at the ICICI Bank. It can be either a residential, commercial or special use space, which is well constructed, has a clear title and free from any legal complications.

Whether you are a salaried employee or a self-employed professional, you need to submit the following list of Loan Against Property documents.

  • You need to provide an Identity & Address Proof – it can be either Aadhaar Card, PAN card, Passport or Voter ID for both salaried and self-employed individuals 

  • You need to provide Income Proof that includes 6 months’ bank statements, 3 months’ salary slips, Income Tax Returns (ITR) or Form 16, in case of salaried individuals

  • Self-employed need to produce a business existence document of a minimum of 5 years and ITR of 3 years

  • Apart from these, both categories of customers should also submit property documents which include, a title deed, no encumbrance certificate and previous chain of paperwork from previous owners of the property

  • Passport size photos, to affix on the LAP application form.

ICICI Bank allows you to secure a mortgage Loan Against Property by mortgaging residential or commercial property or a special use property (owned or rented). In case you own any of these properties like schools, warehouses, industrial or nursing bed with a capacity of 30 beds, you are eligible to get the loan.

Overdraft facility is available to all customers. It is a great financing option, which you can use for business or personal needs. Under this scheme, you are given a credit limit and you can withdraw a required amount from the eligible loan amount during the loan tenure. The interest rate is applicable only on the amount withdrawn/utilised.

The loan amount, which you can avail through ICICI Bank’s LAP depends on the overall condition of the property. This is nothing but the Loan to Value or LTV Ratio, which ICICI Bank refers to before approving any loan. Also, LTV ratios differ by the type of property. Age and prevailing market value of the property also comes under assessment. Once all these parameters are evaluated, ICICI Bank offers a loan amount of up to 75% of the property value. You can use a LAP EMI calculator to know how much loan you can avail.

A LAP can be availed for various purposes such as a wedding, child’s higher studies, medical exigency, buying a new home, business expansion, debt consolidation to lower cash outflows, purchase of medical equipment and much more.