ICICI Bank Plot Loan

ICICI Bank Plot Loan Highlights – 2025
Interest Rates	8.50% p.a. onwards
Loan Tenure	Up to 20 years
Loan to value ratio	Up to 70% of market value for buying plot plus home construction
Processing/Renewal Charges	Rs 3,000 or 0.50% – 2% of loan amount, whichever is higher, plus taxes

Note: Interest rates as on 16 June 2025.

ICICI Bank Plot Loan Interest Rates

The interest rates offered by ICICI Bank on its plot loan scheme is the same as the ICICI Bank Home Loan interest rates. The lender offers differential interest rates based on their loan applicants’ Credit/CIBIL scores, loan amount and occupation profile.

Also Check: Home Loan Interest Rate

Special Home Loan Rates

CIBIL Score	Salaried	Self-employed
>=800	8.75%	8.75%
750-800	8.75%	8.85%

Also Read: How you can build or rebuild your credit score with  Step UP Credit Card Co-branded with SBM Bank

Standard Pricing

Slab	Floating Interest Rates (p.a.)
	For Salaried	For Self-employed
Up to Rs. 35 lakh	8.75%-9.40%	8.75%-9.55%
Rs. 35 lakh to Rs. 75 lakh	8.75%-9.55%	8.75%-9.70%
Above Rs. 75 lakh	8.75%-9.65%	8.75%-9.80%

ICICI Bank Plot Loan Fees and Charges

Particulars	Applicable Fees & Charges
Loan Processing Charges (non-refundable)	0.50% – 2.00% of the loan amount or Rs 3,000, whichever is higher, plus applicable taxes
Prepayment Charges	For floating interest rate loans: Nil For fixed interest rate loans: 2% on the plot loan amount prepaid and on the amount tendered by the borrower towards loan prepayment
Repayment mode swap Charges	Rs 500
Document Retrieval Charges	Rs 500
Cheque bounce charges	Rs 500
Duplicate No Objection Certificate / No Due Certificate	Rs 100
Revalidation of No Objection Certificate	Rs 100
Administrative Charges	Rs 5000
CIBIL Report Charges	Rs 50
Legal, Repossession and Incidental Charges	At Actuals

Also know about home loan processing fees charged by top home loan lenders

Eligibility criteria for Availing ICICI Bank Plot Loans

• Both salaried and self-employed applicants are eligible to apply for ICICI Bank Plot Loan
• Age: 20 to 70 years

Check Also:- ICICI Bank Home Loan Eligibility

Documentation Required for ICICI Bank Plot Loan

• Identity, age and residence proof
• Bank statements of last 6 months
• Salary slips of last 6 months (for salaried professionals)
• Income tax returns/Form 16
• Proof of existence of business (both for self-employed professionals and non-professionals)
• Business profile (for self-employed non-professionals)
• Income tax returns of last 3 years with computation of income (both for self-employed professionals and non-professionals)
• CA certified/audited Profit & Loss Account and Balance Sheet of last 3 years (both for self-employed professionals and non-professionals)

Calculate your home loan EMI

FAQs On ICICI Bank Plot Loans

1. Can I take a plot loan along with a home loan?
Ans. You can avail home loan from ICICI Bank after availing plot loans for constructing your house on the purchased land.

Check home loan eligibility by top banks & HFC’s

2. Can I avail plot loans without approved plan for construction?
Ans. You can avail plot loans to purchase land before having approved construction plans. The lender permits you to take the approval for construction post availing the plot loan.

3. Do I get any tax benefits on a plot loan?
Ans. No. There are no income tax benefits on availing plot loans.

4. How many years can I keep the plot of land before starting construction?
Ans. You have to complete the construction of your home within 2 years from the disbursal date of your plot loan.