ICICI Bank offers a Loan Against Property (LAP) with a starting interest rate of 7.5 p.a., loan amounts up to ₹5 crore, and tenures up to 15 years. The bank also provides special schemes for doctors, lease rental discounting, and overdraft facilities for salaried and self-employed applicants.

ICICI Bank's Loan Against Property offers high loan amounts, flexible tenures, and specialized benefits like overdraft facilities and green discounts for sustainable properties.

• Applicants must be Indian citizens residing in India, with age between 25 and 85 years at loan maturity (as of 2026).
• Minimum monthly income requirement is ₹25,000, with stable income proof mandatory for both salaried and self-employed applicants.
• Preferred CIBIL score is 650 or higher; borrowers with scores below 700 may face higher risk premiums.
• Salaried individuals must have at least 1 year of employment with the current employer and 2 years of overall work experience.
• Self-employed applicants are assessed based on business continuity, with a minimum of 2-3 years in operation required.
• Loan is available against residential houses, land, and commercial properties located in cities where ICICI Bank operates.
• NRIs can apply if they own property in India, provided a resident Indian co-applicant is added to the application.
• Maximum Loan-to-Value (LTV) ratio allowed is 70%, subject to property valuation and borrower risk profile.
• FOIR (Fixed Obligations to Income Ratio) must not exceed 55%-60% of net monthly income, including existing EMIs.
• Property must be free of legal disputes, and digital land records must be accessible for verification within 48 hours.
• Business owners must submit 2 years of ITR and audited financials; cash flow determines final loan eligibility.
• A green discount of 0.10%–0.25% applies for IGBC-certified properties or sustainable business upgrades (2026 policy).

These criteria ensure risk mitigation while enabling access to capital for diverse borrower profiles.

• Proof of identity: Aadhar card, PAN card, or passport (mandatory for all applicants).
• Proof of address: Latest utility bill, rental agreement, or Aadhar card (not older than 3 months).
• Property documents: Original sale deed, title deed, and property tax receipts (last 3 years).
• Ownership proof: Registered sale agreement or share Certificate (for cooperative society properties).
• Income proof (salaried): 6 months' bank statements and latest Form 16 or salary slip.
• Income proof (self-employed): 3 years' ITR with computation of income, audited financials, and 12 months' business bank statements.
• Photographs: Two recent passport-sized photographs (3.5 cm x 2.5 cm, white background).

Submit all documents in original for verification; self-attested copies are accepted for processing.

The ICICI Bank Loan Against Property application is reviewed and verified within 1–2 weeks. An official representative contacts applicants within 24 hours of submission to guide them through next steps.

1. Submit basic details online: Name, Mobile Number, Email ID, Date of Birth, Address, Approximate Property Value, Monthly Income, and EMI of existing loans (if any).
2. Application is reviewed by ICICI Bank's credit team; processing time averages 7–10 working days if documents are complete and property valuation is clear.
3. Property documents submitted must include original sale deed, title deed, tax receipts, OC (Occupancy Certificate), and share Certificate (if property is part of a housing society).
4. Income verification: Salaried applicants must provide 6 months' bank statements and salary slips; self-employed applicants submit 2 years' ITR and business financials.
5. Property valuation is conducted by an approved technical surveyor; digital land records allow verification in under 48 hours in eligible cities.
6. Loan sanction letter issued upon approval, specifying loan amount up to ₹5 crore, tenure up to 15 years, and interest rate starting at 7.4.
7. Final disbursement occurs after registration of mortgage and submission of original property documents with no lien; pre-approved customers may receive funds in as little as 72 hours post-approval.

The entire process is trackable via the ICICI Bank mobile app, with alerts at each stage from application to disbursement. ICICI Bank offers a Loan Against Property with a maximum loan amount of ₹5 crore and repayment tenure up to 15 years. The interest rate starts at 7.5 for eligible borrowers. ICICI Bank provides tailored benefits for specific professional groups and existing customers. Doctors can avail a special scheme with higher loan-to-value ratios and faster processing. The bank also offers overdraft facilities, top-up loans, and Lease Rental Discounting for commercial property owners.

Key Takeaways

• Doctors can access up to 70% of property value as LAP, with faster sanctions and a maximum tenure of 15 years.
• Home Overdraft facilities offer up to ₹5 crore for self-employed individuals, liquidity for business needs.
• Lease Rental Discounting allows commercial property owners to use rental income, with tenures up to 15 years.

Check eligibility and apply at the official ICICI Bank website.