ICICI Bank Plot Loan

Last Updated 18th Jan 2021

ICICI Bank Land Loan 2021

Interest Rate 8.90%
Maximum Loan Amount Upto 70% of property value
Processing fee Upto 1.00%;
Maximum Tenure 30 years
Lowest EMI Per Lakh Rs. 893 for 30 years
  • ICICI Bank plot loan interest rate starts at 8.90%.
  • ICICI Bank land loan can be availed by both salaried and self-employed with good credit score.
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ICICI Bank Plot Loan Interest Rate

Lowest ICICI plot loan rate is 8.90%, as applicable based on the . Any change in will translate into a similar change in the bank’s land loan rate. ICICI’s interest rates on loan for land purchase depend upon the loan amount, salary and occupation of the borrower and nature of the property.

Loan AmountRateRate for Female BorrowerRate
Upto ₹ 35 Lakh8.90%N/AN/A
₹ 35 Lakh - ₹ 75 Lakh9.30%N/AN/A
₹ 75 Lakh - ₹ 3 Cr9.35%N/AN/A
Above ₹ 3 Cr

Loan for land purchase ICICI Bank

ICICI Bank loan for land purchase can be taken for different purposes by different borrowers. It can be taken either for the purchase of land for investment purposes, to construct a dream home, to construct one's desired personal space, or to conduct agricultural activities on that loan. ICICI Bank provides the following land loans to its customers.

ICICI Bank plot loans can be availed by both salaried and self-employed people who hold a good credit report. However, the borrower needs to meet the required eligibility factors. The loan can be availed for a maximum period of 30 years, which may differ based on the borrower's needs and repayment ability. Currently ICICI Bank plot loan interest rate ranges between 8.90% to 9.50%. However, ICICI Bank land loan interest rate may vary across borrowers based on occupation and income status.

ICICI Land Loan

ICICI Bank Land Loan Features

Features of ICICI Bank loan for plot purchase are listed as follows:

ICICI Bank Land Loan Benefits

Some of the benefits of availing ICICI Bank Land loan are:

ICICI Bank loan for plot purchase Eligibility Criteria

Documents Required for ICICI Bank Land loan

In order to avail of a plot loan, a borrower needs to meet the documentation process. The required document for a plot loan are:

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FAQs on ICICI Land Loan

How long will it take for ICICI Bank land loan approval?

ICICI Bank land loan is approved after meeting the required eligibility conditions and fulfilling the documentation requirements. Borrowers can even get instant approvals on plot loans through the online application portal.

What is the interest rate of a plot loan in ICICI Bank?

The interest rate of ICICI Bank plot loan ranges between 8.90% to 9.50%.

What is the processing fee for ICICI Bank land loans?

The processing fee for ICICI Bank land loan is Upto 1.00%; .

Can I get a loan on land purchase from ICICI Bank?

Yes, you can get a loan for land purchase from ICICI Bank through the ICICI Land Loan.

Can self-employed people avail ICICI Bank Plot loan?

ICICI Bank plot loan can be availed by salaried and self-employed people who have a decent credit track record.

ICICI Home Loan News - Jan 2021
*Terms and conditions apply. Credit at sole discretion of lender subject to credit appraisal, eligibility check, rates, charges and terms. Information displayed is indicative and from collected from public sources. Read More
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