ICICI Bank

ICICI Bank

Overview

Loan Against Property is the perfect way to unlock the hidden value of your property. With this loan, you can fully benefit from life’s little surprises you may have earlier passed over due to lack of funds. Live your dreams with a Loan Against Property! This multi-purpose loan puts funds at your disposal to use as you wish. What’s more, this loan is available at a reasonable rate and can be repaid comfortably over as many as 10 years.

The ICICI Bank’s Loan Against Property can be used for any purpose.

Loan Feature

Loan Amount Information not available
Interest Rate Information not available
Tenure Maximum 10 years
Pre Payment Charges 4% of the outstanding loan amount plus taxes
Service Charges

Loan Processing Charges/Renewal Charges (Non Refundable) :

0.50% to 1.00% of the loan amount or Rs.1500/- (Rs. 2000/- for Mumbai, Delhi & Bangalore), whichever is higher + applicable Service Tax & Surcharge

Eligibility Criteria : Loan Against Property

  Salaried Self
Age Minimum 21 years Minimum 21 years
Income Income criteria not provided Income criteria not provided
Job Experience Job experience not provided Job experience not provided
Residence Proof Information Not Available Information Not Available

Docs Required : Loan Against Property

  Salaried Self
ID Proof PAN card/Voters ID/Passport/Driving License/Other Valid proof PAN card/Voters ID/Passport/Driving License/Other Valid proof
Address Proof Recent telephone bill/electricity bill/property tax receipt/passport/voters ID/Other valid proof Recent telephone bill/electricity bill/property tax receipt/passport/voters ID/Other valid proof
DOB Proof 10th class certificate/DOB Proof 10th class certificate/DOB Proof
Financial Docs

  • Statements (latest 3 months bank statement / 6 months bank passbook)

  • Latest salary slip or current dated salary certificate with latest Form 16

 

  • Bank Statements(latest 6 months bank statement /passbook)

  • Latest ITR along with computation of income, B/S & P&L a/c for the last 2 yrs. certified by a CA

  • Qualification proof of the highest professional degree

 

Other Charges : Loan Against Property

Prepayment Charges :

4% of the principal outstanding plus taxes

Charges for changing from fixed to floating rates of interest :

1.75% on principal oustanding plus taxes


Charges for changing from floating to fixed rates of interest :

1.50% on principal oustanding plus taxes

Cheque swapping charges : Rs.500/-

Document retrieval charges : Rs.500/-

Cheque bounce charges : Rs.200/-

Duplicate NOC/No due certificate : Rs.100/-

Provisional/Final Income Tax certificate : NIL

NOC/No Due Certificate : NIL

Agreement Copy : NIL


Products offered by ICICI Bank

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Testimonial

After getting rejected for a home loan by two banks I thought my wish of owning a home in a city like Mumbai will remain a dream. By chance I came to your site and applied for the loan.

What happened then was a smooth process. It's been my good luck to visit your site and get loan for my dream home.

Thanks

- Deepak Gupta

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