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ICICI Home Loan

Loan Name Interest Rate Processing Fee Loan Amount Tenure
ICICI Bank Step Up Home Loans 9.10% - 9.25% 0.5%-1.00% of home loan amount or Rs 1,500 (whichever is higher) maximum Rs 30 crores up to 20 years
Details
Documents Required

  • Proof of Identity and Residence: Aadhaar Card, Passport, Driving License, Election ID Card
  • Duly filled in application form along with recent passport size photographs
  • Proof of Income: Last 6 months Bank statement showing salary credits, latest Form 16 and Income Tax Returns, Recent 3 months Salary Slips
  • Bank statements for the last 6 months
  • Employment Contract / Appointment Letter in case if the individual is employed for less than a year in the current organization.
  • Processing fee cheque
Benefits

  • Get enhanced eligibility of up to 20%
  • Get maximum loan amount of up to Rs 3 crores
  • Maximum tenure for repayment of the loan is up to 20 years
Eligibility

  • The applicant should be Indian
  • Applicant should be employed and should have a regular source of income
  • The minimum income of the applicant should be Rs 20,000 per month
  • Should be employed in a select corporate as identified by ICICI Bank.
  • The age of the applicant should not be more than 40 years.
  • Those who are already having a home loan cannot avail Step Up Home Loan from ICICI Bank.
Other Details

  • The Step up home loan is funded keeping in mind the growth of the individual's salary on a yearly basis.
  • The loan is exclusively meant for those who do not have any running loan at the time of applying for the loan.
  • The loan repayment schedule is divided into two terms – Initial or Primary term and Secondary or Balance term.
  • The initial period lasts for 3 – 5 years and only interest amount has to be paid during this period.
  • During the secondary or balance term, EMI (both interest and principal amount) has to be paid.
ICICI Bank Home Loan 8.10% - 9.30%, Floating 0.25% of loan amount + applicable taxes (max. ₹11,800), One time fee 75 lakhs 3-30 Years
Details
Documents Required

For Salaried Individuals

  • Proof of Identity and Residence: Aadhaar Card, Passport, Driving License, Election ID Card
  • Duly filled in application form along with recent passport size photographs
  • Proof of Income: Last 6 months Bank statement showing salary credits, latest Form 16 and Income Tax Returns, Recent 3 months Salary Slips
  • Bank statements for the last 6 months
  • Employment Contract / Appointment Letter in case if the individual is employed for less than a year in the current organization.
  • Processing fee cheque

For Self – Employed Individuals

  • Proof of Identity and Residence: Aadhaar Card, Passport, Driving License, Election ID Card
  • Duly filled in application form along with recent passport size photographs
  • Proof of Income: Income Tax Returns along with computation of income for the last 3 Assessment Years, Last 3 years Profit and Loss A/C,
  • Balance Sheet with Annexures/Schedules, Last 6 months Current A/C statements of the business and Savings account statement of the individual
  • Bank statements for the last 6 months
  • Processing Fee Cheque
  • Education qualification certificate and Proof of Business existence
Benefits

  • The tenure of the home loan is spread across 30 years
  • The higher loan amount is available
  • Simplified documentation procedure
  • Pre-closure charges are Nil
  • Doorstep services
  • Easy equated monthly instalments available also for women borrower
Eligibility

  • Minimum age of the applicant should be 21 years
  • The entire loan amount has to be repaid at or before the applicant attains 65 years
  • The applicant can either be a salaried employee of self-employed with a regular source of income
  • The co-applicants age should be a minimum of 18 years at the time of submitting the application
Other Details

  • Interest rates are available at both fixed as well as floating rates option.
  • Get the home loan sanctioned before selecting the property.
  • Applicants can opt for fixed interest rates for the first 10 years and then opt either for fixed or floating interest rates till the completion of repayment of loan amount.
  • Get loan tenure of up to 30 years for a home loan with ICICI Bank
  • The processing fee is 0.25% of the loan amount + applicable taxes (maximum of Rs 11,800)
Top Up Loan On Home Loan 9.65% per annum 0 up to Rs 5 crores 20 years
Details
Documents Required

For Salaried Individuals

  • Proof of Identity and Residence: Aadhaar Card, Passport, Driving License, Election ID Card
  • Duly filled in application form along with recent passport size photographs
  • Proof of Income: Last 6 months Bank statement showing salary credits, latest Form 16 and Income Tax Returns, Recent 3 months Salary Slips
  • Bank statements for the last 6 months
  • Employment Contract / Appointment Letter in case if the individual is employed for less than a year in the current organization.
  • Processing fee cheque

For Self – Employed Individuals

  • Proof of Identity and Residence: Aadhaar Card, Passport, Driving License, Election ID Card
  • Duly filled in application form along with recent passport size photographs
  • Proof of Income: Income Tax Returns along with computation of income for the last 3 Assessment Years, Last 3 years Profit and Loss A/C,
  • Balance Sheet with Annexures/Schedules, Last 6 months Current A/C statements of the business and Savings account statement of the individual
  • Bank statements for the last 6 months
  • Processing Fee Cheque
  • Education qualification certificate and Proof of Business existence
Benefits

  • The tenure of the home loan is spread over 20 years
  • Simplified documentation procedure
  • Quick Processing
  • Lower EMI
  • Attractive Interest rates
Eligibility

  • Minimum age of the applicant should be 21 years
  • The entire loan amount has to be repaid at or before the applicant attains 65 years
  • The applicant can either be a salaried employee of self-employed with a regular source of income
  • The co-applicants age should be a minimum of 21 years at the time of submitting the application
  • The total EMI amount should not exceed 65% of the borrower's net monthly income
Other Details

  • Get a loan of up to 100% of originally sanctioned home loan
  • The loan can be availed to meet home furnishing, renovating home, repair works at home and so on.
  • Get a loan amount of up to 80% of the market value of the house at the time of sanctioning of home loan.
Mortgage Loan 11.95% per annum 0 up to Rs 1 crore up to 15 years
Details
Documents Required

For Salaried Individuals

  • Proof of Identity and Residence: Aadhaar Card, Passport, Driving License, Election ID Card
  • Duly filled in application form along with recent passport size photographs
  • Proof of Income: Last 6 months Bank statement showing salary credits, latest Form 16 and Income Tax Returns, Recent 3 months Salary Slips
  • Bank statements for the last 6 months
  • Employment Contract / Appointment Letter in case if the individual is employed for less than a year in the current organization.

For Self – Employed Individuals

  • Proof of Identity and Residence: Aadhaar Card, Passport, Driving License, Election ID Card
  • Duly filled in application form along with recent passport size photographs
  • Proof of Income: Income Tax Returns along with computation of income for the last 3 Assessment Years, Last 3 years Profit and Loss A/C,
  • Balance Sheet with Annexures/Schedules, Last 6 months Current A/C statements of the business and Savings account statement of the individual
  • Bank statements for the last 6 months
  • Education qualification certificate and Proof of Business existence
Benefits

  • The borrower can either choose for floating or go with fixed interest rates
  • Loan sanction is possible well before the selection of the property
  • Higher loan eligibility
  • Simplified documentation procedure
  • Doorstep services are provided
  • Lower equated monthly instalments
  • Longer tenure to repay the borrowed loan
Eligibility

  • Minimum age of the applicant should be 21 years for both salaried as well as self-employed individuals
  • The entire loan amount has to be repaid at or before the applicant attains 60 years of age in case of salaried and before 65 years in case of self-employed
  • The applicant should have a regular source of income to secure the loan
Other Details

  • The maximum tenure for repayment stands at 15 years
  • The processing fee is fixed at 0.50%
  • Prepayment charges are nil for floating interest rates
  • Foreclosure charges also stand nil under floating interest rates
  • Interest rates on the mortgage loan are 11.95% per annum
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