ICICI Bank Home Loan

ICICI Bank works on a very systematic framework where it extends home loans to its prospective customers with the most lucrative services like higher eligibility, low EMI’s, attractive interest rates, minimal documentation and doorstep services. What else can you ask for? Loanstreet ensures prompt approval of home loans and the panel of expert financial consultants strives to satisfy the customers to the best.

Minimum Threshold for ICICI Bank Home Loan Eligibility
  1. At least 21 years of age.
  2. Salaried/ Self-employed with regular source of income.
  3. Less than 65 years of age.
Documentation Required For Application of ICICI Home Loan

Generally all banks follow same guidelines for collecting elementary documents. However there may be little variation with subject to specific requirements. Below listed are the documents that is required to process the loan faster. Self attested copies of Documents are solicited.

  1. The Signed application form duly filled with photograph.
  2. ID/ Age Proof - PAN Card/ Passport/ Aadhar Card and Residence Proof – Passport/ Utility bills/ Bank Statement
  3. Cheque of Processing Fee.
Salaried Individuals
  1. Last 2 years Form 16 or Income Tax Returns
  2. Last 3 months salary slips
  3. Last 6 months bank statement reflecting salary credits
Self employed Individual/ Proprietorship
  1. Proof of Business- Shop and Establishment Certificate/Vat Registration Certificate/ Service Tax Certificates
  2. Last 3 years IT tax returns with profit and loss account and balance sheet duly audited by CA
  3. Latest 12 months bank statement- Savings Account and Current Account
  4. Existing Loans’ Sanction letters accompanied with repayment track
  5. Business profile on the letterhead of the company
Partnership Firm/ Partnership LLP
  • Age proof of all the partners in the form of PAN Card, Passport or Adhar Card
  • PAN Card of the company
  • Residence proof of all the partners –Utility Bills/ Passport/Bank statement/ Registered rent agreement
  • Proof of Business- Shop and Establishment Certificate/Vat Registration Certificate/ Service Tax Certificate
  • Latest 3 years Income Tax returns with profit and loss and balance sheet duly audited by CA.
  • Latest 12 months bank statement of the Company and of the Partners’ Savings Bank Account
  • Partnership deed
  • Existing Loans’ Sanction letters accompanied with repayment track
  • Business profile on the letterhead of the company
Private Limited / Limited Company
  • Application form duly filled with photographs of directors.
  • Age Proof of Directors- PAN Card, Aadhar Card, passport
  • Residence Proof of Directors- Utility Bills/ Passport/Bank statement/ Registered rent agreement
  • PAN Card of Company
  • Education Qualification- A professional qualification certificate in case of Doctors/CA/Architects
  • Proof of Business- Shop and Establishment Certificate/Vat Registration Certificate/ Service Tax Certificate
  • MOA, AOA, List Of Directors, Share Holding Pattern of the Company
  • Last 3 years IT returns with Profit and Loss account and balance sheet duly audited by CA.
  • Latest 12 months bank statement of Company of all current accounts and the same for Director’s Savings Bank Account
  • Existing Loans’ sanction letter with repayment track of company and Individual Directors
  • Business Profile on the Letter Head of the Company
Property Documents
  • Occupancy Certificate
  • Approved Plan of building
  • Share certificate copy
  • Chain of deeds in case of resale property
  • Property Card
  • Nil Encumbrance Certificate- EC ( if applicable)
  • Current Sale agreement/ Draft Agreement
ICICI Bank Home Loan Interest Rate
Rate of Interest 9.85% to 11.50%
Loan Tenure 1 year to 30 years
Processing Fees 0.5 % of the loan amount + tax as applicable
Partial Prepayment charges Nil
Pre closure charges Nil
ICICI Bank Home Loans- Why?

ICICI Bank has been renowned to provide the customers with the most promising financial products and services in a prompt way. ICICI Bank Home Loan offers different types of loans and services which proves to be highly lucrative for the customer:-

Below listed are the types of home loan offered by ICICI Bank:-

  • Home Improvement Loans
  • ICICI Bank gives you an opportunity to avail for finance that would be required for renovating home or adding a new room.

  • Balance Transfers
  • Any person with a Mumbai Home Loan can apply for Chennai Home Loan with ICICI Bank. A person can transfer the balance irrespective of the city or the bank with ICICI Bank.

  • Home Plus
  • When a customer falls short of money, he can easily get the top up on existing loan amount through the feature Home Plus available with ICICI bank.

  • Land Loan
  • This home loan from ICICI bank is a good investment option for the customers. Here they can avail the finance to buy the land and also start construction later on that land.

  • EMI under construction
  • For all those who invest in under constructed property can use the amount of loan to be used for payment of EMI’s. Thus ICICI Bank caters to such needs in a very efficient way.

Features Of ICICI Bank Home Loan
  • Simplified Documentation and Hassle Free Process
  • The Flexible repayment option enables customers to reduce the burden of financial issues.
  • Longer tenure of loans equipped with lower interest rates and lower EMI’s to facilitate greater customer satisfaction.
  • Also, insurance plan can be availed at attractive interest rates.
  • Exclusive rate of Interest for Women of 10.10%
  • The tenure is flexible that can be extended upto 30 years and also with smaller EMI’s