Icici Loan Against Property

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ICICI Bank is known to be the leading private bank in India, if you are a residential or commercial property owner & looking for funds? ICICI loan against property is a best way to secure money. ICICI loan against property interest rate begins from 7.50% Onwards. Loan against property in ICICI Bank charges a nominal processing fee of 1% on loan amount. For residential property up to 60% of property value & for commercial property up to 50% of property value funded with considering other factors. Loan against property in ICICI Bank property offers customized loan products to its customers.

Features
ICICI loan against property for personal & business needs
Avail loan up to 70% of property value
Maximum repayment period up to 15 Years
Balance transfer facility offered by ICICI
Quick & hassle-free processing
ICICI Loan Against Property Interest Rate & Details 2021
Interest Rate 7.50% onwards
Loan Amount Max Loan up to Rs.25 Crores
Repayment Period up to 20 years
Compare ICICI Loan Against Property Interest Rate with Top Banks
Bank ...
... Name Interest Rate
HDFC Bank 7.25% Onwards
SBI Bank 8.45% Onwards
Axis Bank 7.50% Onwards
IDFC First Bank 7.50% Onwards
ICICI Bank 8.50% Onwards
Yes Bank 8.00% Onwards
PNB Bank 9.00% Onwards
Kotak Mahindra Bank 7.25% Onwards
Factors Affecting ICICI Loan Against Property Interest Rate
It has several factors that affect ICICI Loan Against Property as mentioned in following: -

CIBIL Score: - ICICI Loan Against Property interest rate is determined on borrowers CIBIL score, if the CIBIL score range is below 700 chances of getting loan at low interest will be lowered & a higher interest rate will be applicable while if the score is above 750, lowest interest rate offered by ICICI Bank.

Borrower’s Profile: - Borrower’s profile can impact loan against property interest rate if borrower have less debt-to-income ratio can enjoy lower interest rate while borrower with higher debt burden will be facing higher rates.

Type of Property: - Lender consider the type of property pledged by borrowers, it includes property age, condition & location wisely to know whether the property have good value in market or not. However, it helps to evaluate the risk owned by property if seems higher eventually the rate will be higher while if the property is in prime location obviously the ICICI will offer lowest loan against property interest rate due to the risk coverage opportunity.

Also Read:-HDFC Used Car Loan

ICICI Loan Against Property Products 2021
Loan against property ICICI has designed varied types of customized loan products to its customers. Some of the most popular products are listed below: -

Home Overdraft: -
ICICI loan against property allows borrowers to withdraw amount from the sanctioned limit
It will be a long-term dropline limit that shall be renewed each year
Interest applicable only on withdraw/utilized amount
For salaried loan up to Rs.1 Crore
For self-employed loan up to Rs.5 Crore
LAP for Doctors:-
ICICI Bank offers a special loan product for medical professionals Lap for doctors
Convert clinic into nursing home or invest for any other financial requirement
Avail 70% of property value as a maximum loan amount
Get maximum repayment period up to 15 years
LAP Top-up: -
If you are facing storage of funds! ICICI LAP Top-up is the ideal facility
Avail 100% Top-up facility on your existing loan against property
Easy & minimal documentation
ICICI Balance Transfer: -
Lower your existing EMIs
Balance transfers your existing loan against property to ICICI Bank
Make your loan repayment even more convenient