ICICI Home Loan Details

Home Loan

ICICI Bank provides a home loan to its customer at the lowest interest rate. For your home loan from ICICI Bank, you don’t need any guarantor. The interest changes from 8.85% to 9.10%. The house acts as a security to the loan.

The benefits of ICICI Home Loan

  • The interest rate is so low and they offer both floating and fixed interest rate.
  • You even can sanction your ICICI Home Loan before selecting the property.
  • The documentation process is so simple and fast.
  • You can have longer tenure with lower emi.
  • You can avail the balance transfer feature which will allow you to transfer the existing loan.
  • You can easily apply online for ICICI home loan with less documentation.
  • If you are a selected customer of ICICI Bank you can enjoy the ICICI Bank pre-approved home loan.
  • Home loan tenure for up to thirty years.
  • You can enjoy the fixed interest for the first ten years and then you can have a choice of floating interest rate or fixed interest rate.

ICICI Home Loan eligibility criteria

  • The minimum age for the ICICI Home Loan is 21 years.
  • You should complete the ICICI Home Loan before 65 years.
  • You should have a stable source of income if you are applying for home loan.
  • If you are applying for a home loan with co-applicant his/her age should be 18 years old.
  • The minimum income should be Rs. 25,000.
  • Your CIBIL Score must be 750 or above.
  • FOIR- Minimum FOIR must be 0.75

ICICI Bank Home Loan documents

Salaried Individual 

  • Duly filled the application form.
  • Passport size photo.
  • ID proof- AADHAR Card, PAN Card, Driving License, Passport.
  • Residence proof- Registered Rent Agreement/ Any utility bill like Electricity or Gas Bill.
  • 6 months salary slip, Copy of Form 16 of last 2 years.
  • Bank Statement of last 6 months.
  • ITR of the last 2 years.
  • 6 months bank statement showing the salary credit and any EMI debit.
  • Legal documents of the property- Latest Property tax receipt, Conveyance/Sales deed, Copy of approved plan for Construction/Extension, Possession/Allotment letter.
  • Property Documents – Past title chain: Sales deed, Conveyance deed, Possession letter, Latest property tax receipt,  Allotment letter, Copy of approved plan for construction/ extension

Self-Employed Individual 

  • Duly filled the application form.
  • Passport size photo.
  • ID proof- AADHAR Card, PAN Card, Driving License.
  • Residence proof- Any utility bill like Electricity or Gas Bill, Passport.
  • Legal documents of the property- Latest Property tax receipt, Conveyance/Sales deed, Copy of approved plan for Construction/Extension, Possession/Allotment letter.
  • Proof of Business- Business address proof, Balance Sheet, and Profit & Loss a/c (Certified by CA), the Business existence proof, Copy of Partnership Deed.
Rate of Interest 9.10% onwards
Processing Fee Up to 1.00% Minimum and Maximum Rs.5,000
Maximum Tenure Thirty Years
Lowest EMI Rs.812 per lakh
Prepayment Charges Allowed with Nil charges for floating rate loans.

Apply Personal Loan Online at Lowest Interest Rate Upto Rs. 40 Lacs

*Salary account or relational bank
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By clicking on 'Apply Now' I authorize FreEMI and its representative to call me or SMS me overriding my registry on DNC/NDNC.

Loan Duration: 12 - 60 months*   T&C Apply*

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