Your Cookie Settings

Select and switch on & off the cookie settings you are comfortable with

Essential

These cookies are vital for smooth browsing, faster page loading, and ensuring the website works as it should. This feature is always active.

Performance & Statistical

These cookies recognize you, remember your preferences, and track site performance, ensuring proper functionality without direct identification.

Targeting

Targeting cookies customize your experience by showing offers that match your interests, making your visit more relevant and engaging.
header main logo header main logo
Popup Like Icon

We Value Your Feedback!

Thank you for using our Website! Please share your valuable feedback on your website experience.
MAYBE LATER
GIVE FEEDBACK

Want us to call you back?

Give us a few details for us to help you!

BEST FOR

Getting instant provisional sanction for your Plot Loans

  • Attractive interest rates

  • Minimal Documentation

  • Up to 70% funding on market value for purchasing land

VIEW INTEREST RATES

Land Loan FAQs

I want to purchase a land. However, I do not have any approved plans etc. for the construction. Can I still take the loan for the purchase of the land?

Yes, Land Loan can be taken for purchase of land without approved plans. Post completion of this transaction, you can take the estimate and other construction approvals.

Do I get income tax benefit on Land Loan?

No, there is no income tax benefit for Land Loans. The benefit is available only for Home Loans.

What is the maximum time available for starting construction on a purchased land?

The construction has to be completed within a period of 2 years from the date of disbursement of Land Loan.

I want to purchase a commercial land and construct a shop on the plot. Can I get a Land Loan for the same?

We have a separate product offering for the purchase and/or construction on a commercial or industrial plot for our self-employed customers. You can apply for the same under that program.

I am a builder, constructing a 2 storey, 2-unit house which will be sold as individual units. Can I avail a Land Loan and Home Loan for the construction of the house?

No, Land Loans are provided for construction of individual residential units for self-consumption only. It cannot be availed by a builder or for construction of multiple units for sale.

What are the documents required for confirming construction of a house on a purchased plot?

For information related to the documents required and other details, please click here

Can I get a Top-up Loan on a Home Loan?

Yes, you can get a Top-up Loan on your existing ICICI Bank Home Loan. It provides additional funds over and above your original loan amount, making it convenient for various financial needs.

What is the processing fee for a Home Loan Top-up?

The processing fee for an ICICI Bank Home Loan Top-up is 0.5% to 2% of the Loan amount. This fee covers the administrative costs associated with processing your Loan application. Contact the Bank for further details.

How long does it take for Land Loan approval?

ICICI Bank takes a few hours to approve a Land Loan based on the required eligibility criteria. However, it also depends on factors like the applicant’s documentation, property evaluation and credit profile.

Disclaimer

PROCEED