ICICI Bank Home Loan
Are you looking to purchase new home, then you have to the right place. ICICI Bank Home Loans offers home loan at competitive rates with flexible tenure. It also provides various types of home loan as per customer specific requirements whether you are planning for purchase new house, want home extension to add space, room on your current home, construction a new home & much more like this purpose avail specific home loan as per your needs & requirements.
Home Loan Features & Benefits
Features
- Avail loan at attractive interest rates
- Take full fledge enjoyment of lower EMI
- ICICI Bank home loan offer digital sanction
- PMAY Subsidy scheme available
Benefits
- Cost effective method to avail credit
- Tax Benefits are available on availing home loan
- This aid you to increase loan eligibility
- Flexible repayment period
ICICI Bank Various types of Home Loans
ICICI Bank Home Loan:-
Buying a new home is a dream of most people in their life, therefore it's become as necessity of an individual. Where ICICI Bank helps you to achieve your dream & practicing all possible way to provide home at lowest interest rates. Now, you just need to confirm your property upon which loan will be provided 80% - 90% of property value as a loan amount if you meet few eligibility criteria.
ICICI Bank Express Home Loan:-
Express home loan allows you to get quick home loan sanction by online as its totally digital sanction, where it takes few steps to apply, firstly verify your account, check available current offer, fill your personal with property details & upload required documents then make payment for processing fee, now you will get the option to generate instant sanction letter to credit loan on your account.
ICICI Bank Land Loan:-
ICICI Bank added a new feature named land loan which enables you to avail loan to purchase land for construction of residential & non-residential property. But, remember you are required to complete the construction work before 2 years from the date of availing loan amount.
ICICI Bank Extra Home Loan:-
Through ICICI Bank extra home loan facility you can avail extra loan on your existing home loan 20% extra loan amount & even you will get the option to extend the repayment period up to 67 years of age. Both salaried & self-employed can apply for this facility on your existing home loan.
ICICI Bank NRI Home Loan:-
This facility specially designed for NRI whom wishing to purchase or build house in India. Both fixed & floating interest rates are available. Maximum repayment period is up to 30 years. ICICI Bank NRI home loan offer doorstep assistance.
ICICI Bank Instant Home Loan:-
Instant Home Loan is provided to pre- approved home loan exclusively to those customers who have current account with ICICI Bank. This facility enables you to get online sanction that too instantly.
ICICI Bank Balance Transfer:-
Are you paying higher rates of interest & want to pay low interest then ICICI Bank balance transfer will be the perfect solution. You can easily your existing home loan of other bank to ICICI bank to lower your interest rates.
ICICI Bank Home Loan Insta Top Up Loan:-
This facility provided to pre-approved home loan customer to avail top –up loan on their existing home loan. You can avail top –up loan through online.
| List of ICICI Bank Home Loan Scheme | Salaried Interest Rates | Self-Employed Interest Rates |
| ICICI Bank Home Loan | Min – 6.90% - Max- 7.60% p.a | Min – 7.05% - Max- 7.85% p.a |
| ICICI Bank Express Home Loan | Min – 7.75% - Max- 8.25% p.a | Min – 8.90% - Max- 9.15% p.a |
| ICICI Bank Land Loan | Min – 7.95% - Max- 8.40% p.a | Min – 9.15% - Max- 9.40% p.a |
| ICICI Bank Extra Home Loan | Min – 8.00% - Max- 9.00% p.a | Min – 8.40.30% - Max- 10.00% p.a |
| ICICI Bank NRI Home Loan | Min – 7.75% - Max- 8.25% p.a | Min – 8.10% - Max- 9.00% p.a |
| ICICI Top-Up Home Loan | Min – 8.25% - Max- 9.00% p.a | Min – 8.25% - Max- 9.00% p.a |
| ICICI Bank Instant Home Loan | Min – 8.65% - Max- 9.25% p.a | Min – 8.80% - Max- 9.40% p.a |
| ICICI Bank Balance Transfer | Min –8.00% - Max- 8.40% p.a | Min – 9.00% - Max- 9.30% p.a |
| ICIC Bank Home Loan Insta Top Up Loan | Min – 8.25% - Max- 9.00% p.a | Min – 8.25% - Max- 9.00% p.a |
ICICI bank home loan interest rates & Processing fees
| Processing Fees | Up to 0.50% or minimum Rs. 5000/- |
| Interest Rate | 6.75% onwards |
| Maximum Tenure | 30 years |
Type of Other Charges by ICICI Bank Home Loan
Loan processing charges:-0.50% will be charged as a processing fee
Prepayment Charges: - Prepayment fee will not be levied on floating interest rate & for individual & non- individual 2% of prepayment will be charged.
Changing repayment mode: - For changing repayment mode swapping will be charged 500/-.
Late payment charges: - 2% will be imposed on each month late payment.
Cheque bounce charges: - For each cheque bounce you will be charged 500/-.
CIBIL Checking Charges: - For each time CIBIL report checking you will be charged 50/-.
Administrative Charges:- For overall handling administrative 5000/- will be charged.
ICICI Bank Home Loan Eligibility
You are close to your dream of buying a new home with ICICI bank, but you are just away from checking your eligibility criteria before applying for loan. Look at below given points:-
| Age | 21 – 60 years |
| Employment Type | Salaried and Self-employed professional and non-professional |
| Minimum Salary for Salaried | Rs.25,000 per month |
| Minimum Salary for Non-Salaried | Rs.2 lakh per annum |
ICICI Bank Home Loan Eligibility Criteria for Salaried:-
- Applicant must be resident of India
- Applicant age should be in-between 21 to 60 years
- Minimum 2 years of work experience
ICICI Bank Home Loan Eligibility Criteria for Professional:-
- Applicant age should be in-between 21 – 65 years
- Doctor, CA, Architect, Lawyers, Consultant, Engineer & CS can apply for Home Loan on Professional category.
ICICI Bank Home Loan Eligibility Criteria for Self-Employed:-
- Any individual filling income tax returns are eligible
- Maintain good financial records
- Minimum 3 years of existing business
ICICI Home Loan Documents Required
Salaried & Self-employed are required to provide any one of the following for identity proof:-
- Aadhaar Card
- Driving License
- Passport
- Election/ Voter ID Card
- PAN Card
Salaried & Self-employed are required to provide any one of the following for residence proof: -
- Passport
- Aadhaar Card
- Driving License
- Election/ Voter’s ID Card
- Bank Account or Post Office Savings Bank Account statement
Salaried & Self-employed are required to provide any one of the following for Age proof: -
- Aadhar Card
- Valid Passport
- Voter ID
- Birth Certificate
Salaried & Self-employed are required to provide any one of the following for Income proof: -
- Latest 6 months bank statement
- Income tax returns or form 16
Salaried & Self-employed are required to provide below mentioned mandatory documents: -
- Proper filled loan application with 2 colored passport size photographs
- Processing cheque fee in favour of the bank
How to apply for ICICI Home Loan Online?
Step 1 - You can apply for ICICI Bank home loan through visiting their website ICICI bank.com or visit the nearest ICICI branch bank.
Step 2 - Before that check your eligibility criteria meet well or not from your end to avoid loan rejection. If yes you may download home loan application form by online or collect it from nearest branch bank.
Step 3- Fill the required details of your personal & occupational & attach KYC & mandatory documents. Note: - Check twice before submitting the loan application.
Step 4 – Once your loan application approved then, you will need to provide property documents upon which you are taking the loan for further legal review & evaluation of property.
Step 5 – After evaluation done on property, shortly your loan approval take place where your loan sanctioned then, loan amount will be credited to your respective account.
ICICI Bank Home Loan FAQ
How to get home loan from icici bank?
You can easily visit their official site icicibank.com & click on the home loan product with that you will be asked to enter your personal & occupation details, thereafter, ICICI official will contact you to share detail about the product & explain interest rate with other charges.
How to check icici bank home loan status?
Checking home loan status in icici bank is simple & easy as below given step by step: -
Just click on this link https://loan.icicibank.com/asset-portal/my-applications-login
Fill the required details & submit to know your icici bank home loan status.
How to get home loan statement from icici bank?
You are required to visit icici bank official site & login into internet banking for accessing the following summary & to obtain icici bank home loan statement.
How to check home loan eligibility in icici bank?
You can check home loan eligibility by clicking this link https://www.icicibank.com/calculator/home-loan-eligibility-calculator.page
For more information contact:- 9863-02-02-02.
How to use icici bank home loan calculator?
Using an icici bank home loan calculator is essential to know whether you are financially potential to manage your budget after getting a loan & for this purpose calculator is utilized.
