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    Land Loans made simple

    Are you planning to purchase a piece of land to build your dream home or for investment purposes? ICICI Bank offers Land Loans to help you finance your land purchase. ICICI Bank Plot Loans are available at attractive interest rates with a tenure of up to 20 years.

    Eligibility Criteria for a Land Loan

    The eligibility criteria for you to avail an ICICI Bank Land Loan depends on the following factors:

    Loan type Land Loan
    Age Minimum: 20 years,
    Maximum: 70 years
    Eligible profiles Salaried & Self-Employed
    Tenure Up to 20 years

    Explore our unique Home Loan solutions

    Express Home Loan

    Express Home
    Loan

    Get your home loan instantly with ICICI Bank Express Loans.

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    Balance Transfer Home Loan

    Balance Transfer
    Home Loan

    Transfer your home loan conveniently and get lower interest rates.

    Know More
    Commercial property Loan

    Commercial Property Purchase Loan

    Loan For Purchase / Construction Of Commercial Property Up To 75%

    Know More
    Home Improvement Loan

    Home Improvement Loan

    Renovate your Home Loan with our Home Improvement loan

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    Home Construction Loan

    Home Construction Loan

    Raise funds to purchase land and construct a property on the same land

    Know More
    AVAIL HOME LOAN NOW

    Land Loan FAQs

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    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.

    VIEW MORE

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