ICICI Bank Loan Against Property Apply @Lowest Interest Rates September 2018 Online Calculate EMI, Eligibilty

About ICICI Bank

ICICI Limited, an Indian Financial Institution founded ICICI Bank in 1994 as its wholly- owned subsidiary. ICICI Bank is the second largest private sector bank in India.�

The bank offers a�complete spectrum�of financial products and services to its retail and corporate�customers. Some of the products and services include Credit Cards, Insurance, and Loans such as Personal Loan, Loan Against Property, Home Loan etc. The bank is spread across the country with the wide network of branches and ATMs.�

About ICICI Bank Loan Against Property

ICICI Loan Against Property is availed primarily to fulfil business requirements and for personal needs and is easy to access. The bank provides loans of up to 60% of the property's market value for the tenure of up to 15 years at attractive interest rates. Faster processing and prompt disbursals are other remarkable features of ICICI Loan against property.

Key Facts About ICICI Bank Loan Against Property

ICICI Bank Loan Against Property�	�
Loan To Value (LTV)	Ranges from 55% to 75% of the property value
Who can apply?	Indian Residents Only Salaried Individuals Self-employed Professionals
Foreclosure Charges�	4% of the outstanding loan amount
Part Pre-payment	NIL�

Why apply for ICICI Bank Loan Against Property

�

To start a new business
To get funds for long term working capital
To fund children's higher education
To repay high interest debts

ICICI Bank Loan Against Property Features & Benefits

Sanctioned against existing property of the applicant, the ICICI Loan against Property can be used for various purposes such as business establishment, short-term business expenses, education needs, etc.
Offered at competitive interest rates, ICICI Loan against Property is easily available for salaried individuals, self-employed professionals and businessmen. Indian residents.
ICICI facilitates hassle- free application process, fast processing, and dedicated customer care executives.
Comparatively, higher loan amounts with tenures of up to 15 years are available.
ICICI Loan against Property can also be applied online.��

ICICI Bank Loan Against Property Fees & Charges

The following charges are applicable to ICICI Bank Loan Against Property:�

ICICI Bank Loan Against Property�Fees and charges�	�
Loan processing fee	Up to 1% of the loan amount
Loan Pre-payment charges	Allowed at NIL charges if the pre-payment is made after 6 months of a loan disbursement�

ICICI Bank Loan Against Property Eligibility Criteria

Age:�The maximum tenure for which ICICI loan against property can be availed is 15 years.The borrower's age should not exceed 60 years for salaried; and 65 years for self-employed individuals at loan maturity.
Owner's Property:�The property placed as collateral for the loan must belong to the applicant. ICICI then decides the loan amount basis the market value of the property.
Repayment capacity:�The bank checks credit history and determines the eligibility basis the free cash flow available to the borrower.

Interest Rate 9.25% - 10%
Loan Amount 10L - 50Cr
Processing Fee 0.25% - 0.75%
Tenure15 Years
Quick Apply

Documents Required for ICICI Bank Loan Against Property

For Salaried Individuals

2 Passport size photographs
Income Tax Return of last 2 years
Proof of Identity (Passport/ Driving Licence/ Voter's ID/ PAN Card)
Proof of Address (Leave and License/ Registered Rent Agreement/ Utility Bill (last 3 months old)/ Passport)
Income Proof(last 6 months payslip, 2 years Form 16, last 6 months bank statement showing salary credited and EMI debited)

For Self-Employed

2 Passport size photographs
Proof of Identity (Passport/ Driving Licence/ Voter's ID/ PAN Card)
Income Tax Return of last 2 years
Proof of Address (Leave and License/ Registered Rent Agreement/ Utility Bill (last 3 months old)/ Passport)
Proof of Business (Incorporation details of companies, VAT/ service tax registration, Business address proof, profit and loss account and balance sheets certified by CA, copy of partnership deed and proof of business existence and business profile)

Property documents

Registered Sale Deed/ Conveyance/ Lease Deed
Past Sale Deeds Chain (each transaction in respect of the property since the first allotment)
Latest House Tax Return
Approved Building Plan from Municipal Corporation