Overview – Commercial Property for Salaried

Are you looking to set-up or expand your business? Are you looking for a better property to set up an office or want to upgrade to a bigger office space? Or are you planning to build your first office? With ICICI HFC you can avail a loan to establish a commercial set up and enjoy attractive rates of interest.

Whether you are a salaried professional working at a corporate or with the government, or a self-employed as a doctor, lawyer, CA, our Office Premise loan can help you purchase, construct, or expand your office premises. We cater to professionals and non-professionals across industries looking for the right property to further grow their business.

Key Features & Benefits – Commercial Property for Salaried

Easy eligibility

It is simple to get an office premise loan from ICICI HFC as we have easy eligibility norms and require few basic documents. Even if you don’t have formal income proof documents such as ITR, our local experts are trained to assess your income so that they can help you determine the loan amount you can comfortably repay. To increase your eligibility, you can even add a co-applicant, who could be your spouse or immediate family member.

Loans for all job profiles

Our office premise loan helps both salaried individuals like government employees and corporate professionals, as well as self-employed individuals like doctors, lawyers, CAs, traders and small business owners. We are committed to helping small businesses like yours as we believe that when an Indian SME is successful, the Indian economy as a whole benefits.

Quick loan disbursal

It can take as little as 72 hours to get your loan disbursed. This is because at every one of the 135+ branches of ICICI HFC, we have a team of legal and technical experts to help you and understand the nature of your business. These experts can review your application on the spot and answer all your questions face to face, so that you do not have to make multiple visits.

Loans for different business sizes

Whether your need is big or small, we finance them all. If you have found a better property to move your office to, are planning to expand your business, or are planning to establish an office for the first time, you can get an office premise loan starting from ₹ 3 lakh up to ₹ 5 crore.

Interest rates

Even if you already have an office premise loan, you can shift to ICICI HFC to reduce your EMI burden and get undivided attention from our experts. You can get competitive interest rate options with us and get tax benefits for your office premise loan for all types of properties. You can shift your office premise loan to ICICI HFC with our Balance Transfer facility and join the ICICI HFC family.

Loans for different types of properties

You can get a loan for an under-construction property, ready-for-possession property, resale property, or commercial plots for construction. However, this loan does not cover construction or purchase of industrial and institutional properties. You can explore our Construction Finance loan for such requirements.

Eligibility - Commercial Property for Salaried

  • Nationality

Indian, residing in India and Non-Resident Indians (NRIs)

  • Age Limit (Primary applicant)

23 years to 60 years for resident Indians 25 years for NRIs

  • Co-owned Property

In case your property has more than one owner, it is necessary that both or all the co-owners are co-applicants. This ensures that your property is secure and both owners can benefit from the investment in the property.


  • Age Limit

18 years to 65 years

  • Why should you add a co-applicant?

  • If you want to increase your eligibility, you can add an earning co-applicant. This can also help you to be eligible for a larger loan amount. Your co-applicant can be your spouse or immediate family member.

  • Because ICICI HFC provides better interest rates to women to encourage them to apply as co-applicants.

  • If your property has more than one owner, it is necessary that both or all the co-owners are co-applicants. This ensures that your property is secure and both owners can benefit from the investment in the property.

Why take a loan from ICICI HFC?

Walk into any of our branches to meet your local experts. They are committed to helping you at every step of your career. They speak your language and are familiar with your locality.. Click here to find the branch closest to you and get the right kind of guidance face-to-face. Our experts are committed to getting you the financial support you need, be it for personal or business needs.

It is always better to sit across the table and get your questions answered all at once. You can have this experience at every one of our 135+ ICICI HFC branches or walk into your nearest ICICI Bank branch to get your loan process started. Our local experts are just around the corner, waiting to help you get a loan as quickly and as easily as possible.

At each of our branches, you can get a loan in as little as 72 hours. We have easy eligibility norms and require very few basic documents. We also have a team of legal and technical experts physically present at every one of our branches, so your loan application can be reviewed at the branch itself without repeated requests for documents or multiple visits. 

A major advantage of walking into your nearest ICICI HFC branch is the special offers. Our in-house experts will guide you through the benefits of each of the offers, so you can find one that truly helps you. Walk in to find the deal of the day. 

When you take a loan from us, you become a part of the ICICI HFC family. It is not just an investment in a property, but in a relationship. As an existing customer of ICICI HFC, your application can be reviewed more quickly, as many checks are already done, and documents are already in our system. Today, you may need an office premise loan to make your dream office a reality. But tomorrow, if you need some urgent financial help, or if you are expanding your business, or looking for an FD to grow your savings, we can help you.

Where to apply

Walk into any one of our 135+ ICICI HFC branches to get all the help you need. Our neighbourhood experts can assist you through our quick and easy loan application process. You can get your loan disbursed in as little as 72 hours because we require very basic documents and offer you flexible eligibility norms. Click here to find your nearest branch.  If you don’t have an ICICI HFC branch near you, walk into your nearest ICICI Bank branch to start your loan application process.

You can also give us a call at 1800 267 4455

How to apply

  1. Take 10 minutes to submit your loan application form along with the required documents
  2. Pay a non-refundable login fee of ₹ 10,000 plus GST @18%, to complete your KYC checks 
  3. Get your loan application quickly reviewed by our team of experts who study your existing EMIs, age, income, and property
  4. Get a loan amount approved and sanctioned by our team of experts who are present at every ICICI HFC branch.
  5. Pay a processing fee equal to 1.5% of the loan amount, plus applicable taxes
  6. The approved loan amount will be disbursed, basis the stage of construction of your property

Documents Required for Commercial Property for Salaried

We don’t want to keep you away from work for long. Carry the important documents mentioned below to complete your application process in as little as 72 hours, without making multiple visits. 

Salaried Individuals

  • Fully filled application which you have signed
  • Identity and residence proof (KYC), such as Aadhaar, PAN card, Voter ID card, Job card issued by NREGA, etc.
  • Income proof, such as last 2 months salary slip, latest Form 16, and three-month bank statement
  • Property documents (unless you have not finalised a property)

Charges for Commercial Property for Salaried

You have a right to know exactly how much you will need to pay for your loan and when. You can find below the list of charges and rates applicable to your office premise loan. We make it a point to be transparent about how our loan works, so you can rest easy with the support of the local experts who sit out of our branches. 

Charges Rates*
Login Fee (for KYC checks on revenue generating properties) ₹10,000 + AT
Conversion fee 0.50% + AT
Processing/ Administrative Fees (Charged at the time of sanction) 1.50% of the loan amount + AT 
Prepayment charges (For Non-Individuals)

If you are able to pay off part or all of your loan, you can choose to settle all or part of your loan as per your convenience, no matter your chosen

tenure. We charge a minimum rate of 2% for prepayment.

* The above percentages are exclusive of applicable taxes and other statutory levies, if any
* Such amounts shall include all amounts prepaid during the given financial year
* Goods and Services Tax (GST) and other government taxes, levies, etc. applicable as per the prevailing rate will be charged over and above these charges.

Disclaimer: The rates, fees, as stated herein above, are subject to changes/ revision from time to time at the sole discretion of ICICI Home Finance. 

Also, the GST, other taxes and levies, applicable as per prevailing rate will be charged over and above these charges. 

The floating interest rate on ICICI Home Finance is linked to ICICI Home Finance Prime Lending rate (IHPLR). To know more about the change in IHPLR and its impact.