ICICI Bank property loan offer several impressive features and benefits.
- LAP’s are issued depending upon the value of the property that one owns and the amount of the Net income left after making payments of all the existing EMI’S, if any.
- LAP’S are cheaper than personal Loans. These loans are issued at an interest rate ranges between 9.20% and 12.25%.
- Loan can be taken for residential, commercial or industrial property.
- Loan Tenure: LAP’S are issued for a maximum period of 10 years.
- Simple Documentation: Loan from ICICI Bank being a secured loan, are issued easily with simple documentation. This saves the applicant from the unnecessary burden of arranging for papers.
- Fast Approval: LAP also ensures fast approval as it is a completely secure loan.