ICICI Bank Home Loan |

ICICI Bank Home Loan by Estabizz Fintech

In terms of assets and market capitalization, ICICI Bank is the third largest bank in India. Getting a Home Loan from ICICI Bank is quick, easy and light on your wallet. You can download the bank’s app on your tablet or smartphone to enjoy faster processing and approval. You can also check if you are eligible for your pre-approved Best Home Loan offer. With repayment tenure of up to 30 years, owning your dream home is just a few clicks away with ICICI Bank!

Types of ICICI Bank Home Loans

ICICI Home Loan By Estabizz Fintech

Pre-approved Home Loan By Estabizz Fintech

Pradhan Mantri Awas Yojana (PMAY) By Estabizz Fintech

ICICI Bank Step Up Home Loans By Estabizz Fintech

Home Loan Balance Transfer By Estabizz Fintech

Loan Against Property By Estabizz Fintech

Top Up Loan on your Home Loan By Estabizz Fintech

30 Year Home Loan By Estabizz Fintech

ICICI Bank Home Overdraft By Estabizz Fintech

Eligibility

Applicant must be minimum 21 years of age at the time of loan application and maximum 65 years of age or retirement age (whichever is earlier) at loan maturity.

The loan is offered to salaried or self-employed applicants who have a regular source of income

Eligibility for co-applicant: Co-applicant must be of minimum 18 years of age. If applicant’s spouse is an earning member, they can be the co-applicant. The co-owners of the property must necessarily be co-applicants.

Interest Rate, Processing Fee, and Other Charges

The current ICICI Bank Home Loans interest rates are

For salaried applicants: 6.80% to 7.50%

For self-employed applicants: 6.95% to 7.50%

Processing fees

0.50% – 2% of the sanctioned loan amount or Rs. 1,500 (Rs. 2000 for Delhi, Bangalore, and Mumbai), whichever is higher + applicable GST

Other charges

Prepayment charges for Non-Individual applicant/ co-applicant: Nil for floating interest rate Home Loans. For fixed interest rate Home Loans it’s 2% plus applicable taxes on principal outstanding.

Prepayment charges for Individual applicants: Nil for floating interest rate Home Loans. For fixed interest rate Home Loans it’s 4% plus applicable taxes on principal outstanding.

Late payment charges: 2% per month of the outstanding amount (minimum Rs. 500 and maximum of Rs. 5,000).

Interest rate conversion charges

Floating/ dual fixed rate to floating rate: 0.5% of the principal outstanding + applicable taxes.

Floating rate to dual fixed rate: 0.5% of the principal outstanding + applicable taxes.

Life time fixed rate to floating rate: 1.75% of the principal outstanding + applicable taxes.

Charges for swapping repayment mode: Rs. 500

Charges for document retrieval: Rs. 500

Charges for cheque/AD/ECS bounce: Rs. 500

Charges for duplicate NOC/ No Due Certificate: Rs. 100

Charges for revalidation of NOC: Rs. 100

Administrative charges: Rs. 5,000

Charges for CIBIL report: Rs. 50

Documents Required

Common documents for all applicants

Duly filled and signed loan application form

Recent passport-sized photographs

Identity proof

Residence proof

Age proof

Bank statement for the last 6 months

Form 16/ Income Tax Returns

Processing fee cheque

Documents for salaried applicants

Salary slips for the last 3 months

Documents for self-employed professionals

Business existence proof

Certificate of education qualification & proof of business existence

Income Tax Returns of last 3 years with computation of income

Last 3 years’ balance sheet and profit & loss account certified/ audited by CA

Documents for self-employed non-professionals

Business existence proof

Business profile

Income Tax Returns of last 3 years with computation of income

Last 3 years’ balance sheet and profit & loss account certified/ audited by CA

Why to Choose ICICI Bank Home Loan?

Quick and easy Home Loan application

High eligibility

Low EMIs at attractive interest rates

Long tenure of up to 30 years

Pre-approved Home Loans available

FAQs

What documents do I need post closure of my ICICI Bank Home Loan?

Post closure of loan, you need following documents for handover of original property documents:

Power of Attorney format to collect original property documents

In case of loan account holder’s death: Request letter from legal heir/ nominee(s)/ claimant for handover of Property documents; Letter of relinquishment to relinquish right (nominee or legal heir) in favor of legal heirs/ surviving owners/ nominee(s) for handover of property documents.

What is the current Repo Rate?

The current Repo Rate (RR) is 4%.

Does ICICI Bank offer Pradhan Mantri Awas Yojana (PMAY) Scheme?

Yes. You can avail CLSS based PMAY Scheme from ICICI Bank to get interest subsidy on your Home Loan.

Does ICICI Bank offer Home Loan Balance Transfer facility?

Yes. You can transfer your existing Home Loan from another bank/NBFC/HFC/ to ICICI bank.

What is the maximum tenure for ICICI Bank Top-up Loan?

20 years

Feel Free to Write us on info@estabizz.com or Call us on 9825622275 for more details

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Types of ICICI Bank Home Loans Eligibility Processing fees Other charges Interest rate conversion charges Documents Required Business profile Low EMIs at attractive interest rates FAQs Blog