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Call ExpertWhen you own property, you’re not just holding onto real estate – you’re holding onto a wealth of potential. A Loan Against Property (LAP) enables you to unlock the hidden value of your property and use it to meet a variety of financial needs. Whether it’s for business expansion, funding higher education, medical emergencies, or even a dream wedding, a Loan Against Property offers a flexible and affordable solution.
Get access to high loan amounts for your financial needs
Save time and effort with a simple application process that requires minimal documentation
Get quick and hassle-free provisional sanction for your loan
Select repayment tenures that suit your budget
We provides a Loan Against Property for doctors, allowing a loan sanction of up to 75% of the property value. If you own a property as a doctor and need funds for clinic expansion or other financial needs, you can apply for a higher Loan amount with a 15-year term.
The LAP OD facility has a financing option that allows you to withdraw a certain amount from the sanctioned limit. This facility has a long-term dropline limit that gets auto-renewed every year at minimum charges. The interest rate is applicable only on the amount you utilise to finance your needs.
You can also avail a Top-up Loan on your existing Loan Against Property. If you are facing a shortage of funds for personal or business purposes, a Top-up Loan is the ideal choice. It requires minimal documentation, especially if you already have an ongoing LAP with ICICI Bank.
A Loan Against Property is a Secured Loan, where 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 us as a collateral or security, to help you get financial assistance.
Applicants can avail a Loan Against Property for a maximum period of 15 years. This gives you flexibility so you can select a repayment plan that works best for your budget. You can conveniently manage your loan and get the money you need with this longer term.Â