Are you looking to purchase a new home, then you have to the right place. ICICI Home Loans offers home loans at competitive rates with flexible tenure. It also provides various types of home loans as per customer specific requirements whether you are planning to purchase a new house, want the 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 Home Loan:-
Buying a new home is a dream of most people in their life, therefore it's become a necessity of an individual. Where ICICI Bank helps you to achieve your dream & practice all possible ways to provide a home at the 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 the 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's 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 is specially designed for NRI who wish to purchase or build a house in India. Both fixed & floating interest rates are available. The maximum repayment period is up to 30 years. ICICI Bank NRI home loan offers doorstep assistance.
ICICI Bank Instant Home Loan:-
Instant Home Loan is provided to pre-approved home loans exclusively to those customers who have a 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 another bank to ICICI bank to lower your interest rates.
ICICI Home Loan Insta Top Up Loan:-
This facility provided to pre-approved home loan customers to avail of top-up loans on their existing home loan. You can avail a top-up loan online.
| List of ICICI Home Loan Scheme | Salaried Interest Rates | Self-Employed Interest Rates |
| ICICI 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 Home Loan Insta Top Up Loan | Min – 8.25% - Max- 9.00% p.a | Min – 8.25% - Max- 9.00% p.a |
ICICI Home Loan Interest Rate & Processing fees
| Processing Fees | Up to 0.50% or minimum Rs. 5000/- |
| Interest Rate | 6.75% onwards |
| Maximum Tenure | 30 years |
Also Read:-Working Capital Loan Low Interest Rates
Type of Other Charges by ICICI 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 the 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's 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 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 Home Loan Eligibility Criteria for Salaried:-
- Applicant must be a resident of India
- Applicant age should be in between 21 to 60 years
- Minimum 2 years of work experience
ICICI 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 Home Loan Eligibility Criteria for Self-Employed:-
- Any individual filing 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: -
- Properly filled loan application with 2 colored passport size photographs
- Processing cheque fee in favor of the bank
Also Read:- Standup India Scheme UPSC
How to apply for ICICI Home Loan Online?
Step 1 - You can apply for an ICICI Home Loan by visiting their website ICICI bank.com or visiting 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 the home loan application form by online or collect it from the nearest branch bank.
Step 3- Fill in 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 is approved then, you will need to provide property documents upon which you are taking the loan for further legal review & evaluation of a property.
Step 5 – After the evaluation is done on the property, shortly after your loan approval takes place where your loan is sanctioned then, the loan amount will be credited to your respective account.
Also Read:-What is Bank Guarantee
ICICI 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 officials will contact you to share detail about the product & explain interest rate with other charges.
How to check ICICI 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 in the required details & submit to know your ICICI home loan status.
How to get a ICICI Home Loan Statement?
You are required to visit ICICI Bank's official site & login into internet banking for accessing the following summary & to obtain the 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 Home Loan Calculator?
Using an ICICI Home Loan Calculator is essential to know whether you are the financially potential to manage your budget after getting a loan & for this purpose calculator is utilized.
How do I apply for ICICI Home Loan in India?
Good decision taken to apply for ICICI Bank home loan by online, it's totally seamless process, you will be required to submit documents like home loan application with 2 colored passport size photocopies, identity proof, residence proof, income proof & other such documents.
What is the ICICI Home Loan complaint Email ID?
ICICI Bank home loan complaint email ID can be obtained by clicking this link https://www.icicibank.com/complaints/complaints.page , upon clicking your will required to enter few details to contact, like to choose product/services, complaint related to, type of complaint will be asked to fill & submit for a quick call back from ICICI Bank customer support or you can simply email by customer.care@icicibank.com.
What are some important things to look out for when taking an ICICI Home Loan in India?
Before applying for a home loan, you will need to make sure that you meet basic eligibility criteria to avoid loan rejection. Ensure you have a good financial record of transactions no bill or loans due are unpaid or late payments as it will cause a lower CIBIL score. Your minimum CIBIL Score should be above the 700 range.
How long does it take to get the foreclosure statement for an ICICI home Loan?
Generally, it didn’t take long to get a foreclosure statement, within 15 days from the date of request it initiated & also place a request to know your principal outstanding amount & other applicable charges.
ICICI Bank Cuts Home Loan Rates?
ICICI Bank is one such leading bank in India, on 5th March 2021 ICICI Bank officially announced to cuts down home loan Interest rates to 6.70%.
How do I apply for an instant top-up Loan on my Home Loan via ICICI Bank's online banking?
Taking an ICICI Bank Top-up loan is totally digital sanction process that takes around 10 minutes to complete.
Submit a home loan application with mandatory documents & you will be required to pay a 5000/- non-refundable login fee to process further for KYC. Now you are near to completing the process. Submit it & ICICI will review it & disburse the loan amount to your bank account.
ICICI Home Loan Customer Care
You can directly visit ICICI Site & fill in basic details to continue an online chat
You can directly contact for Products & Services inquiry,
Call at 1800 267 4455,
Existing Customers can Call at 1860 120 7777
Email to customer.care@icicibank.com
Apply Now:- Startup Loan for Business
9863-02-02-02