ICICI Bank Loan Against Property Highlights |
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Interest Rates | 10.85%-12.50% p.a. |
Loan Amount | Rs 10 lakh-Rs 5 crore |
LTV Ratio | Up to 70% of property value |
Tenure | Up to 15 years |
Processing Fee | Up to 1% of loan amount |

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Table of Contents
ICICI Bank Loan Against Property Interest Rates
For Salaried/Self-employed Applicants (Priority Sector Lending)
Loan Amount | Rate of Interest (p.a.) |
Up to Rs 50 lakh | 11.35%-12.00% |
Rs 50 lakh to Rs 100 lakh | 11.10%-11.75% |
Above Rs 100 lakh | 10.85%-11.50% |
For Self-Employed Applicants (Non Priority Sector Lending)
Loan Amount | Rate of Interest (p.a.) |
Up to Rs 50 lakh | 11.85%-12.50% |
Rs 50 lakh to Rs 100 lakh | 11.60%-12.25% |
Above Rs 100 lakh | 11.35%-12.00% |

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Compare Interest Rates on Loan Against Property for Top Banks & HFCs
Name of the Lender | Interest Rate (% p.a.) |
State Bank of India | 10.60-11.30 |
Bank of Baroda | 10.85-16.50 |
PNB Housing Finance | 9.25-15.00 |
IDFC First Bank | 9.00-16.50 |
HDFC Bank Limited | 9.50-11.00 |
L&T Housing Finance | 9.50 onwards |
LIC Housing Finance | 9.50-11.55 |
Godrej Housing Finance | 9.75 onwards |
ICICI Bank | 10.85-12.50 |
Tata Capital | 10.10 onwards |
Bajaj Housing Finance | 8.50-18.00 |
Axis Bank | 10.50-10.95 |
Kotak Mahindra Bank | 9.15 onwards |

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ICICI Bank Loan Against Property Fees and Charges
Processing Fees | Up to 1% of loan amount |
CIBIL report charges | Rs 50 |
Administrative Charges | Rs 5,000+GST or 0.25% + GST, whichever is lower |
Pre=payment charges | 4% |
Conversion Charges | 0.5% of outstanding loan
For permanently shifting from fixed to floating interest rate: 1.75% |

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Types of ICICI Bank Loan Against Property
Loan Against Property
Purpose: For business expansion, debt consolidation, working capital, education/marriage of children, holiday, medical exigency, etc. and to avail balance transfer facility.
Loan Amount: Rs 10 lakh-Rs 5 crore
Tenure: Up to 15 years
Loan Against property for Doctors
Purpose: Special scheme with quick sanction of loan amount of up to 70% of property value
Tenure: Up to 15 years
Home Overdraft
Purpose: Overdraft facility on loan against property
Credit limit: Up to Rs 1 crore for salaried borrowers
Up to Rs 5 crore for self-employed borrowers
Loan Against Property Top-up
Purpose: Additional loan amount for existing LAP borrowers to meet the personal or business requirements of the borrowers

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Eligibility Criteria for ICICI Bank Loan Against Property
- Age: 25-65 years or retirement age
- Salaried and self-employed individuals are eligible for loan against property
Documents Required for ICICI Bank Loan Against Property
- ID and residence proof (Aadhaar card, passport, voter ID, PAN card)
- Income Proof (salary slips, bank account statements, ITR)
- Property documents (Title deed, along with previous chain of documents from previous owner in case of any property approval plan and no encumbrance document)
- Other Documents:
- In case of an ongoing loan, loan repayment history for last 6 months
- Appointment letter if employed for less than a year
- Passport size photographs

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FAQs:
Q. Loan Against Property from ICICI Bank can be used for which purpose?
Customers can avail ICICI Bank Loan Against Property for any personal or business purposes such as expanding a business, children’s higher education, purchase of expensive equipment, etc.
Q. Which type of property can be mortgaged for ICICI Bank’s Loan Against Property?
Both residential and commercial properties can be pledged as a mortgage to avail Loan Against Property. However, the property customers will offer as a security must be free from any charges.
Q. How much loan can a customer get under ICICI Bank Loan Against Property?
The maximum loan amount that a customer can get bank under ICICI Bank Loan Against Property is Rs. 5 crore. However, the loan amount offered by the bank to a customer will depend on his/her financials and also the value of the property.
Q. How much amount will the ICICI Bank be able to finance against a property?
The amount which the bank will grant you a loan depends on the customer’s repayment capacity, property type and the market value of the concerned property. The bank can give customers a loan of upto 70% of the market value of the property. The market value of the property will be appraised by the bank’s team of Valuers.
Q. Does ICICI Bank offer Loan Against Property as an overdraft?
Yes, customers can avail upto 90% of the total LAP as an overdraft.