Overview – Plot Loan for Self-Employed

Looking to buy a plot of land today and construct your dream home a few years from now? ICICI HFC Plot Loan will finance your dreams when you are ready to make them come true. Save up and prepare for up to 3 years once you take an ICICI HFC plot loan and give your family their dream home in or around the city. Enjoy competitive land loan interest rates during your tenure and walk into any of our 135+ ICICI HFC branches to meet a friendly local expert who will help you get a loan.

Key Features & Benefits – Plot Loan for Self-Employed

Affordable housing

As an extension of the government’s Pradhan Mantri Awas Yojana (PMAY), you can apply for a subsidy benefit of up to ₹ 2.67 lakh through our affordable home loan product – Apna Ghar. Apna Ghar is unlike any home loan you have come across and is meant for both salaried and non-salaried individuals, including those who find it difficult to arrange formal income proofs.

Easy eligibility

It is simple to get a plot 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 amount for the loan for land purchase 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 aspiring homeowners

Our plot 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 financing your dream of constructing and owning a home of your own.  

Quick loan disbursal

At every one of the 135+ branches of ICICI HFC, we have a team of legal and technical experts to help you. 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. 

Interest rates

Even if you already have a plot loan, you can shift to ICICI HFC to reduce your EMI burden and get undivided attention from our experts. You can get competitive land loan interest rate options with us. You can shift your plot loan to ICICI HFC with our Balance Transfer facility and join the ICICI HFC family. 

Homes of different types

Whether your need is big or small, we finance them all. You can get a plot loan of up to Rs 1 crore to purchase a vacant plot for construction of a residential house. You can get a loan for a plot in popular areas such as talukas that have easy access to hospitals, schools, and markets. A land loan can be taken for the purchase of a plot through direct allotment as well as for purchase of a resale plot. 

Eligibility - Plot Loan for Self-Employed


  • Nationality

Indian, residing in India

  • Age Limit (Primary applicant)

28 years to 70 years

  • Co-owned Property

ICICI HFC provides better interest rates to women to encourage them to apply as co-applicants. If you add your wife or mother to your home loan, you may be able to get a lower interest rate, even if they are not earning.


  • 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.

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 plot 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 or ICICI Bank 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’s not just an investment in a home, 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 a plot loan to make your dream home 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 ICICI HFC branches to get all the help you need. Our neighborhood experts can assist you through our quick and easy plot 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 ₹ 5000 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 0.75% of the loan amount or ₹ 11,000, whichever is higher

If you are still looking for the perfect home, you can use our easy-to-use Property Search portal to find a home of your choice.

Documents Required for Plot Loan for Self-Employed

Complete your loan for the land purchase application process with minimal time spent.  Carry the important documents mentioned below to complete your application process without having to make multiple visits. Our team of experts are present at every one of our ICICI HFC branches to help review these documents carefully and quickly and get your loan application approved.

Self-Employed Individuals
  • Fully filled application which you have signed
  • Identity and residence proof (KYC), such as PAN card, Voter ID card, Aadhaar, etc.
  • Income proof, such as latest 2 income returns, latest two years P&L accounts and B/S (with schedules), six-month bank statement etc.
  • Property documents (unless you have not finalised a property)
Self-Employed Non-Individuals
  • Fully filled application which you have signed
  • Identity proof (KYC), such as PAN card, copy of GST registration, AOA, MOA of company etc.  
  • Income proof, such as latest 2 income returns, latest two years P&L accounts and B/S (with schedules), six-month bank statement etc.
  • Property documents (unless you have not finalised a property)

In order to avail of a plot loan from ICICI HFC, you must provide a written undertaking that states that the construction of your home will be completed within 3 years after taking a plot loan. 

Charges for Plot Loan for Self-Employed

You have a right to know exactly how much you will need to pay for your plot loan and when. You can find below the list of charges and rates applicable. We make it a point to be transparent about how our plot 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 and other documents)**

₹ 5,000*

Processing/ Administrative Fees (Charged at the time of sanction)**

1.00% + AT or ₹ 11,000 + AT (whichever is higher)

Prepayment charges

Sr. No


Prepayment Charges



Floating rate loan where purpose of loan is not for business

and one of the borrower is an individual

Charges applicable NIL



Floating rate loan where purpose of loan is for business(non- Home loan)

and borrowers are individuals and/or non-individual/s

4% of the outstanding loan amount

+applicable taxes



Fixed rate housing loan or limited period fixed rate housing loan*

2% +applicable taxes



Fixed rate non housing loans

4% + applicable taxes

*For Fixed, pre-payment charges are applicable if not prepaid from customer’s own sources

# The expression “own sources” for this purpose means any source of funds other than borrowing from a bank or Financial Institution.

Disclaimer: The rates, fees, charges etc. as stated herein above are subject to changes/revision from time to time. Pre- Payment/Foreclosure charges shall be applicable as per contracted rate or rates as per regulatory norms prescribed, if any.

** Login fees and Processing/Administrative fees are non-refundable

* The above amounts & 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.


The rates, fees, as stated hereinabove, are subject to changes/ revision from time to time at the sole discretion of ICICI Home Finance Company

The floating interest rate on ICICI Home Finance is linked to ICICI Home Finance Company Prime Lending rate (IHPLR). 


Even before laying the foundation of your dream house, you have to invest in the land on which you will build your house. A plot loan is the financial backing that you can get from ICICI HFC for acquiring a piece of land on which you can construct your home.

Home loans from ICICI HFC are to finance investment in the properties that are built on a plot of land, be it under-construction or ready-for-possession, a single house or a multi-unit property. But a plot loan is to invest in the vacant plot of land on which you can build your home the way you need to. 

No, you cannot take a plot loan and a home loan for the same plot of land or for the same property. 

ICICI HFC offers plot loans of up to 1 crore.

The land loan or plot loan can be financed only within municipal limits of pre-specified locations or, in cases of direct allotment by the concerned development authority, outside municipal limits. 

At ICICI HFC the tenure of your plot loan can be up to 25 years. However, the tenure cannot exceed the retirement age of the customer.

You can apply for a plot loan from ICICI HFC once you have chosen the plot of land on which you want your home to be built. The loan can help you with financing the investment in this plot of land. 

Interest is calculated on a monthly basis and can be paid through EMIs. You can use our EMI Calculator to find out how much your plot loan will cost you every month. 

In case you have already availed of a plot loan from any other financial institution and are looking to shift to ICICI HFC, we offer the option of transferring the remaining principal of your loan to us.

No, plot loans do not offer tax benefits. However, home loans do.

In order to avail of a plot loan from ICICI HFC, you must provide a written undertaking that states that the construction of your home will be completed within 3 years.