ICICI Bank Loan Against Property

Updated on March 08, 2026

Author: MybankingTips Team

ICICI Bank provides Loan Against Property starting from 10.85% per annum for amounts up to Rs 5 crore and tenures up to 15 years. They have a special scheme for doctors, offering quick approval for loans up to 70% of property value. Additionally, ICICI Bank offers a home overdraft facility with credit limits of up to Rs 1 crore for salaried borrowers and Rs 5 crore for self-employed borrowers. Existing LAP borrowers can also avail of top-up loans.

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

ICICI Bank Loan Against Property Interest Rates

ICICI Bank offers Loan Against Property with interest rates starting from 10.85% per annum. The bank sets different interest rates based on factors such as the loan amount and the applicant's employment profile. Additionally, other lenders may also take into account the credit score of applicants when determining their Loan Against Property interest rates.

For Salaried/Self-employed Applicants (Priority Sector Lending)

Loan Amount	Interest Rates (p.a.)
Above Rs 100 lakh	10.85%-11.50%
Rs 50 lakh to Rs 100 lakh	11.10%-11.75%
Up to Rs 50 lakh	11.35%-12.00%

For Self-Employed Applicants (Non Priority Sector Lending)

Loan Amount	Interest Rates (p.a.)
Above Rs 100 lakh	11.35%-12.00%
Rs 50 lakh to Rs 100 lakh	11.60%-12.25%
Up to Rs 50 lakh	11.85%-12.50%

Also read: Best Loan Against Property Interest Rate

Compare Interest Rates on Loan Against Property for Top Banks & HFCs

Name of the Lender	Interest Rate (% p.a.)
State Bank of India	10.00 - 11.30	Apply Now
Axis Bank	10.50 - 10.95	Apply Now
Bank of Baroda	10.85 - 16.50	Apply Now
ICICI Bank	10.85 - 12.50	Apply Now
Standard Chartered Bank	Starts from 9.25%	Apply Now
HSBC Bank	9.75 - 14.00	Apply Now
Union Bank of India	10.45% - 13.10% p.a.	Apply Now
PNB Housing Finance	9.25 - 15.00	Apply Now
IDFC First Bank	9.00 - 16.50	Apply Now
HDFC Bank Limited	9.50 - 11.00	Apply Now
L&T Housing Finance	9.50 onwards	Apply Now
LIC Housing Finance	9.50 - 11.55	Apply Now
Godrej Housing Finance	9.75 onwards	Apply Now
Indiabulls Finance	9.75% p.a. onwards	Apply Now
Tata Capital	10.10 onwards	Apply Now
Bajaj Housing Finance	9.75 - 18.00	Apply Now
Punjab National Bank	10.40 - 12.75	Apply Now

Types of ICICI Bank Loan Against Property

Loan Against Property

Purpose: You can use a loan against property for various purposes such as expanding your business, consolidating debt, covering working capital needs, funding education or marriage expenses for your children, going on holiday, handling medical emergencies, and even for balance transfer purposes.
Tenure: Up to 15 years
Loan Amount: Rs 10 lakh-Rs 5 crore

Loan Against Property Top-up

Purpose: : Additional loan amount provided to existing Loan Against Property borrowers to meet their personal or business needs.

Loan Against property for Doctors

Purpose: Special scheme offering quick approval for loan amounts of up to 70% of the property value.
Tenure: Up to 15 years

Home Overdraft

Purpose: Overdraft facility available for loan against property.
Credit limit:
- Up to Rs 5 crore for self-employed borrowers
- Up to Rs 1 crore for salaried borrowers

Also read: Best Loan Against Property EMI Calculator

ICICI Bank Loan Against Property Fees and Charges

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

Eligibility Criteria for ICICI Bank Loan Against Property

Age: Applicants need to be between 25 and 65 years old, or up to retirement age.
Both salaried and self-employed individuals are eligible for a loan against property.

Also read: Best Loan Against Property Eligibility

Documents Required for ICICI Bank Loan Against Property

The documents required for Loan Against Property by ICICI Bank include:

Property documents (Title deed, along with previous chain of documents from previous owner in case of any property approval plan and no encumbrance document)
ID and residence proof (such as Aadhaar card, passport, voter ID, PAN card)
Income Proof (like salary slips, bank account statements, ITR)
Other Documents:
- In case of an ongoing loan, loan repayment history for the last 6 months
- Appointment letter if employed for less than a year
- Passport size photographs

Also Read : Best Loan Against Property Documents Required

Frequently Asked Questions

Yes, customers can avail up to 90% of the total Loan Against Property amount as an overdraft.

The maximum loan amount available under ICICI Bank's Loan Against Property is Rs. 5 crore. However, the actual loan amount provided to a customer depends on their financial situation and the value of the property being pledged.

You can use both residential and commercial properties as security to get a Loan Against Property. However, the property you offer as security must be free from any existing charges or liabilities.

Customers can use ICICI Bank's Loan Against Property for various personal or business needs, such as expanding a business, funding children's higher education, purchasing expensive equipment, and more.

The amount of loan that the bank approves depends on the customer's ability to repay, the type of property, and its market value. The bank typically offers loans of up to 70% of the property's market value, which is assessed by the bank's team of valuers.