Loan Against Property (LAP)
LAP for Salaried
LAP for Self-Employed
Make your property your strength
Sometimes, financial needs can’t wait — whether for your home, your family, or your business. With ICICI HFC Loan Against Property, the value of your property supports your immediate need for funds.
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High Loan Amount
For business or personal needs, get loans up to ₹3 crores
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Funds for Urgent Needs
Urgent needs can't wait. Get funds fast with our quick process
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Dedicated Support
An RM is assigned to you to provide help from start to finish
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Digital-first Approach
Enjoy a quick and easy verification of income and documents
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Fast Process = Funds on Time
Step 1: Submit Form
Complete the online application, and get an RM assigned instantly for assistance
Step 2: Login Fee
A non-refundable login fee (₹3,000 onwards + applicable taxes) is payable as per property type
Step 3: Documentation Process
Our online process makes it easy to fetch your documents digitally and conduct a personal discussion
Step 4: Processing Fee
A processing fee (1.0% - 3.0% of loan amount + applicable taxes) is payable based as per property type
Step 5: Get the Loan
Receive funds promptly in your account for all business or personal purposes
Tailored for Various Profiles
Various Properties financed
Residential Built-up
Apartment, Bungalow, Row House
Commercial Built-up
Shop, Office
Industrial Built up
Factory/Plant, Warehouse
Special Properties
Hotel, Hospital, School, College, Institute
Essential Documents for Your Loan
Basic Eligibility Criteria
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Criteria
Salaried
Self-Employed
Maximum Loan Amount
₹3 crore
₹3 crore
Age
21 to 60 years
23 to 70 years
Bureau Score
700+
700+
Work Experience/Vintage
Minimum 2 years in current company and 8 in total
Minimum 2 years in current business and 3 in total
Minimum Income
₹12,000+ per month
₹1.5 lakh+ per annum
Disclaimer: Subject to ICICI HFC internal policies
Check Your EMI for LAP
EMI Calculator
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EMI Cal
Check your loan eligibility instantly based on your business income and financial profile.
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Your EMI
Repayment Amount
Interest Amount
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For representation purposes only. Final values may vary subject to company policy.
Understanding Your Fees
Hear from Our Satisfied LAP Customers
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S Ramesh
Bangalore, Karnataka
The ICICI representative was a very good person and made everything very easy.
Chandan Mal Soni
Jalor, Rajasthan
All services were good and ICICI staff was good too.
Prafful Solanki
Bundi, Rajasthan
The ICICI representative was very sincere and respectful man.
Kumarjit K Bhattacharjee
Bangalore, Karnataka
The ICICI representative was an excellent help in the process.
General
How does a loan against property (LAP) work?
A loan against property lets you use your residential or commercial property as security to raise funds for business or personal purposes. At ICICI HFC, you can apply for a mortgage loan to finance business expansion, education, medical expenses, weddings, or even transfer an existing loan and avail a top-up. The loan is repaid in fixed EMIs over a chosen tenure, with interest rates on the loan against property depending on your eligibility and property type.
How do I know if my property is eligible for a LAP?
You can apply for a loan against property on residential (self-occupied or rented), commercial (self-occupied or rented), or non-residential premises. The property must be legally owned, fully constructed, and free from any encumbrances. These factors determine whether your property qualifies for a loan against property.
How can I get a LAP against residential, commercial, or industrial property?
The process includes submitting KYC, Bank statement, business proof, income proofs, and other documents required for a loan against property. ICICI HFC then conducts a financial eligibility check, legal and technical evaluation before sanctioning your loan.
How much loan amount can I get against my property?
The loan amount depends on your property’s market value, type, income stability, Bureau score, and FOIR.
How can I use a LAP for business or personal needs?
Funds raised through a property loan can be used for business expansion, working capital, education, medical or wedding expenses, or debt consolidation..
How does a LAP apply to self-occupied versus rented properties?
ICICI HFC offers LAP for self-occupied and rented units, including residential and commercial properties. The property type can influence your LAP eligibility, tenure, and valuation during the mortgage application process.
How is the value of my property assessed for LAP eligibility?
Your property’s eligibility is determined through a technical valuation and legal verification process. Market and realisable values are assessed, ensuring accurate estimation.This step helps determine the sanctioned amount and property loan interest applicable.
Frequently Asked Questions
Still got questions? We have answered them. Select the category to explore the FAQs.
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