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Documents Required Salaried Self-Employed Self-Employed Professional
KYC and other documents required for all categories
Application form, with photograph duly signed
KYC documents, Age proof, PAN, Signature proof
Processing Fee 
Office Address Proof -
Copy of Property Documents
Proof of Business Stability/ Existence -
Business Profile for  50 Lakhs cases -


Income documents required
Latest 6 months Bank Statement
  • Salaried 3 months
  • Self-employed- 6 months
  • not required for ICICI bank account
Latest 1 months’ Salary Slips - -
Educational Qualification Certificate - -

Financials –

  1. Computation of Income

  2. Balance Sheet and Profit and Loss Account

(with Schedules and Audit)


LAP - 2 Years LAP - 2Years
Other - 2 Years Other - 2 Years


Additional Documents for LRD

Copy of Lease Agreement

Copy of the Bank Statement Reflecting Rental Credits



Note- Additional documents may be required on a case-to-case basis


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Home Loans

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Popular FAQs

A Loan Against Property is a secured loan, wherein you can mortgage your residential, commercial or special use property to get immediate funds for any purpose, ranging from business expenditure to personal needs. In LAP, the property you own, which has a clear title is kept with ICICI Bank as a collateral or security, to help you get financial assistance.

When it comes to a Loan Against Property eligibility, ICICI Bank’s Loan Against Property is available for salaried individuals between the age of 25 to 65 who want to fund wedding expenses, child’s education, medical treatment, property purchase, debt consolidation, or for any other purpose.

The loan facility is also available to self-employed individuals who have their own business or practice. The minimum age is 25 and the maximum age is 65, when it comes to a Loan Against Property’s eligibility.

ICICI Bank LAP is also tailored to meet the needs of medical professionals. This category of customers can easily qualify for the loan and get an instant Loan Against Property approval on the loan amount.

Doctors are eligible to get a loan amount that is up to 75% of their property value. They can use the funds for buying medical equipment, expanding their operations, buying a second home and more.

The funding is also available for industrial or any other special use properties, for a tenure of up to 10 years.

ICICI Bank Loan Against Property tenure is easy funding that any individual can opt for a maximum tenure of up to 15 years.

As the name suggests, you need to mortgage your property, to ensure access to immediate funding. Your property will act as a security against the loan amount that you are seeking to apply at the ICICI Bank. It can be either a residential, commercial or special use space, which is well constructed, has a clear title and free from any legal complications.

Whether you are a salaried employee or a self-employed professional, you need to submit the following list of Loan Against Property documents.

  • You need to provide an Identity & Address Proof – it can be either Aadhaar Card, PAN card, Passport or Voter ID for both salaried and self-employed individuals 

  • You need to provide Income Proof that includes 6 months’ bank statements, 3 months’ salary slips, Income Tax Returns (ITR) or Form 16, in case of salaried individuals

  • Self-employed need to produce a business existence document of a minimum of 5 years and ITR of 3 years

  • Apart from these, both categories of customers should also submit property documents which include, a title deed, no encumbrance certificate and previous chain of paperwork from previous owners of the property

  • Passport size photos, to affix on the LAP application form.

ICICI Bank allows you to secure a mortgage Loan Against Property by mortgaging residential or commercial property or a special use property (owned or rented). In case you own any of these properties like schools, warehouses, industrial or nursing bed with a capacity of 30 beds, you are eligible to get the loan.

Overdraft facility is available to all customers. It is a great financing option, which you can use for business or personal needs. Under this scheme, you are given a credit limit and you can withdraw a required amount from the eligible loan amount during the loan tenure. The interest rate is applicable only on the amount withdrawn/utilised.

The loan amount, which you can avail through ICICI Bank’s LAP depends on the overall condition of the property. This is nothing but the Loan to Value or LTV Ratio, which ICICI Bank refers to before approving any loan. Also, LTV ratios differ by the type of property. Age and prevailing market value of the property also comes under assessment. Once all these parameters are evaluated, ICICI Bank offers a loan amount of up to 75% of the property value. You can use a LAP EMI calculator to know how much loan you can avail.

A LAP can be availed for various purposes such as a wedding, child’s higher studies, medical exigency, buying a new home, business expansion, debt consolidation to lower cash outflows, purchase of medical equipment and much more.