Loan Against Property


Loan Against Property

Bundle of options to choose for Loan Against Property from ICICI direct for your personal or business needs. Both residential and commercial properties can be mortgaged for taking a loan against property and enjoy comfortable EMIs with long tenure of up to 15 years

  • Loan Value Up to 60% of Property Value for Residential Properties. 50% of Property Value for commercial Properties.
  • Loan Amount 10 lakh - 5 crore (Can go to higher values above 10Cr to 50Cr.)
  • Age: Minimum: 25 Years - Maximum: 65 Years or retirement age whichever is earlier.
  • Eligible Profile: Salaried 6 Self-Employed
  • Tenure: Up to 15 Years
  • End Use: Business and Personal Utility

DOCUMENT CHECKLIST:

Salaried Customers:

  • Application form with photograph
  • Identity and Residence proof Last 6 months bank statements Processing fee cheque

Businessmen/Professionals:

  • Application form with photograph Identity and Residence proof
  • Last 6 months bank statements
  • Processing fee cheque

INCOME DOCUMENTS:

Salaried:

  • Latest Salary Slip
  • Form 16

Businessmen/Professionals:

  • Educational Qualifications Certificate and Proof of Business
  • Business Profile and Previous 3 years Income Tax returns (self and business)
  • Statement of previous 2 years of loans availed
  • Previous 3 years Profit/Loss and Balance Sheet

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