ICICI Bank offers Loan Against Property to individuals who require funds to meet their business or personal needs against the mortgage of their existing property. Individuals can mortgage both residential and commercial properties to avail the loan. While customers can apply for Loan Against Property through ICICI Bank, the funds will be disbursed through ICICI Home Finance Company Limited – a separate entity of the ICICI Group, registered under National Housing Bank (NHB), the regulatory authority for the Housing Finance Companies.
|Loan Amount||Rs. 10 lakh – Rs. 5 crore|
|Interest Rate||9.85% onwards (floating)|
|Loan-to-Value (LTV) Ratio||Up to 70% of the property value|
|Loan Tenure||Up to 15 years|
|Processing Fee||1% of the loan amount|