Want us to help you with anything?
Request a Call back
LAND LOAN
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 Land Loans are available at attractive interest rates with a tenure of up to 20 years. With us, you can also get Construction Loans on land property.
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 |
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.
Related Blogs
Understand the Home Loan Sanction Process
Share
20 Lakh Home Loan
Share
Loan Against Property for Pensioners: Features and Benefits
Share
