ICICI Bank Home Loan Eligibility

ICICI Bank Home Loan Eligibility Calculator is an online tool which helps you to check your home loan eligibility in ICICI Bank. If you are planning to take ICICI Bank home loan to buy your dream house then, you must check ICICI Bank Home Loan Eligibility criteria using ICICI Bank Home Loan Eligibility Calculator. Not only that using ICICI Bank Home Loan Eligibility Calculator you also get to know your ICICI Bank Home Loan Amount Eligibility also. To check your home loan eligibility in ICICI Bank in just a few seconds, you can easily use ICICI Bank Home Loan Eligibility Calculator with just a few details like- your monthly income, your current age, fixed monthly obligations, your retirement age, credit score, etc. To fulfill the dream of owning your house, you must satisfy ICICI Bank Home Loan Eligibility criteria which you can quickly check using ICICI Bank Home Loan Eligibility Calculator.

Which factors affect ICICI Bank Home Loan Eligibility Calculator?

Home Loan Eligibility in ICICI Bank must be satisfied when you are thinking of taking a home loan. ICICI Bank Home Loan Eligibility Calculator eases up your home loan process by checking your home loan eligibility in ICICI Bank online with just a few clicks. With the help of ICICI Bank Home Loan Eligibility Calculator, your chance of getting home loan application rejected is almost zero.

ICICI Bank Home Loan is a secured loan that gives a loan based on the property value which is mortgaged. So, the interest rate is quite low and you can repay it within the next 30 years. Your ICICI Bank Home Loan Amount Eligibility will be high if you apply for the loan with a co-applicant.

Here are some factors which affect ICICI Bank Home Loan Eligibility Calculator-

• Age

  It is a very important factor which affects ICICI Bank Home Loan Eligibility. The minimum and maximum limit for ICICI Bank Home Loan Eligibility criteria for age are 21 to 65 years. When you apply for a home loan, it is always better to apply at a younger age. Lower the age, higher will be ICICI Bank Home Loan Eligibility and you get more time to repay the loan. Also, your ICICI Bank Home Loan Eligibility will also be high. And higher your age, the lesser will be ICICI Bank Home Loan Eligibility criteria and lower time to repay the loan which becomes quite a pressure and also lower will be ICICI Bank Home Loan Amount Eligibility.

• Employment

  It is one of the most important factors which affect ICICI Bank Home Loan Eligibility criteria. For home loan eligibility in ICICI Bank, you must be a salaried or self-employed individual with a regular source of income. For salaried employed individuals, the ICICI Bank Home Loan Eligibility criteria are that you must have a stable job with 2 years of experience. For self-employed individuals, the ICICI Bank Home Loan Eligibility criteria is 5 years of experience. ICICI Bank also offers home loan to NRI for which they need to satisfy ICICI Bank NRI Home Loan Eligibility criteria by checking the eligibility using ICICI Bank NRI Home Loan Eligibility Calculator tool.

• Income

  The amount of your net monthly income helps in deciding your ICICI Bank Home Loan Eligibility and your repayment capacity. If your net monthly salary is high then your ICICI Bank Home Loan Eligibility will be high and your ICICI Bank Home Loan Amount Eligibility will also be high. With the help of ICICI Bank Home Loan Eligibility Calculator, you can see that your income level and age will decide your ICICI Bank Home Loan Amount Eligibility.

• Co-applicant

  For a better ICICI Bank Home Loan Eligibility criteria, you can apply for a home loan with a co-applicant. If your spouse earns a good amount, then you can make him/her as co-applicant in order to improve your ICICI Bank Home Loan Eligibility criteria. Also, if there are co-owners to the property, they must be co-applicants which will improve ICICI Bank Home Loan Amount Eligibility.

• Credit Score

  Your credit score portrays your repayment capacity which is a very important factor that affects ICICI Bank Home Loan Eligibility criteria. You can repay the home loan within a tenure of 30 years. In order to have a better ICICI Bank Home Loan Eligibility and be suitable for a higher ICICI Bank Home Loan Amount Eligibility, your credit score must be 750 or above.

• Existing Liabilities

  In case you have an existing debt like- EMI of other loans or credit card dues, the bank follows the FOIR (Fixed Obligation to Income Ratio) method where the FOIR must not exceed 50% of your income or else ICICI Bank Home Loan Eligibility will be low. So, to have a higher ICICI Bank Home Loan Eligibility, you must pay off all your previous debts beforehand.

• Property Value

  Your ICICI Bank Home Loan Eligibility is dependent on the property value that you have mortgaged. ICICI Bank finances 75% to 90% of the property value ranging from less than Rs. 30 lakhs to more than Rs. 75 lakhs which is known as Loan To Value Ratio or LTV. Moreover, your property documents must be legally cleared by the bank for higher ICICI Bank Home Loan Eligibility.

Why should you use ICICI Bank Home Loan Eligibility Calculator?

• ICICI Bank Home Loan Eligibility Calculator helps you to know exactly what is the loan amount that you are eligible for.
• With the use of ICICI Bank Home Loan Eligibility Calculator you can easily check ICICI Bank Home Loan Eligibility criteria for n number of times.
• ICICI Bank Home Loan Eligibility Calculator helps you to know your eligibility for the loan which you can use for buying a new house, land or flat in a complex, renovating or extending your home, constructing a house on own land and balance transfer.
• Whether you can avail a particular loan amount can be easily checked using ICICI Bank Home Loan Eligibility Calculator.
• Use of ICICI Bank Home Loan Eligibility Calculator for ICICI Bank Home Loan Eligibility check is completely free of cost.