Loan Against Property from ICICI Bank is the Great way to unlock the hidden value of your property. With Property loan, you can utilise full benefits from life's little surprises you may have earlier passed over due to lack of funds. This multi-purpose loan puts funds at your disposal to use as you wish. What's more, loan against property is available at a reasonable rate and can be repaid comfortably over as many as 10 years.
Service and Other Charges for ICICI Loan Against Property:- You can choose from Adjustable, Fixed or Floating Rate Loan.
Service and Other Charges for ICICI Loan Against Property:- You can choose from Adjustable, Fixed or Floating Rate Loan.
Charges
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Loans Against Property
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| Loan Processing Charges / Renewal Charges (Non Refundable) | 0.50% - 1.00% of the loan amount or Rs. 1500/- (Rs. 2000/- for Mumbai, Delhi & Bangalore), whichever is higher + applicable Service Tax & Surcharge |
| Prepayment Charges | No prepayment charge on floating rate home loan irrespective of the source of fund 2% of the outstanding loan amount plus applicable service tax and surcharge on fixed rate home loan and Home plus loan 4% of the outstanding loan amount plus applicable service tax and surcharge on Loan against property, Lease rental discounting and Non residential premises For one year, two year and three year fixed rate loan the prepayment charge is 2% of the outstanding loan amount plus applicable service tax and surcharge till the time loan is under fixed rate. Once loan moves into floating rate there would be no prepayment charge irrespective of the source of fund |
| Charges for late payment | Home Loans : 2% per month Home OD : 1.5% of the outstanding amount subject to minimum of Rs. 500/- & Maximum of Rs.5000/- |
| Charges for changing from fixed to floating rates of interest | 1.75% on principal outstanding |
| Charges for changing from floating to fixed rates of interest | 1.75% on principal outstanding |
| Cheque Swap Charges | Rs. 500/- |
| Document Retrieval Charges | Rs. 500/- |
| Cheque bounce charges | Rs. 200/- |
| Amortisation Schedule | Rs.100 per schedule (Inclusive of S.T.)* |
| Statement of Account | Rs.100 per statement (Inclusive of S.T.)* |
| Final prepayment statement | Rs.100 per statement (Inclusive of S.T.)* |
| Duplicate No Objection Certificate / No Due Certificate | Rs.100 (Inclusive of S.T.) |
| Revalidation of No Objection Certificate | Rs.100 per NOC (Inclusive of S.T.)* |
| Provisional Income Tax Certificate | Nil |
| Final Income Tax Certficate | Nil |
| Interest Certificate | NA |
| Change of Address | Nil |
| Agreement Copy | Nil |
| No Objection Certificate / No Due Certificate | Nil |