Icici Mortgage Loan

However, borrowers should carefully review the eligibility criteria, interest rates, and fees before applying for an ICICI Mortgage Loan.

An , also commonly referred to as a Loan Against Property (LAP) , is a versatile financial tool that allows you to unlock the hidden value of your real estate assets. Whether you own a residential or commercial property, ICICI Bank offers substantial funding to meet diverse financial needs—from business expansion to personal milestones like weddings or higher education. icici mortgage loan

: ICICI Bank typically finances up to 70%–75% of the property’s current market value. : ICICI Bank typically finances up to 70%–75%

| Fee Type | Amount | |----------|--------| | Processing fee | Up to + GST (waived or reduced for pre-approved offers) | | Administrative fee | ₹10,000 – ₹15,000 + GST (sometimes merged with processing fee) | | Late payment penalty | 2% per month on overdue EMI | | Prepayment / Foreclosure | No charge for floating rate loans (individuals) | | Conversion fee (switch rate) | ~ ₹5,000 + GST | | CERSAI fee | ~ ₹100 + GST | | Legal & technical valuation | Actuals (₹2,000 – ₹5,000) | 000 – ₹15

: Both residential and commercial freehold properties are accepted as collateral.