Getting a Home Loan from ICICI Bank is easy and quick. We know you may need a Home Loan for the purpose of buying or constructing a new home and in some cases to renovate the house you currently live in. Whatever may be the reason, we have minimum paperwork and other formalities to avail a Home Loan. The list of documents required for Home Loan are proof of your identity, address and income.
Moreover, if you are an existing customer of ICICI Bank, you can also enjoy the benefit of less home loan documentation.
| Documents | Salaried | Self employed professional | Self employed non professional |
|---|---|---|---|
| Application form with photograph duly signed | |||
| Identity, address and age proof | |||
| Bank statements of last 6 months | |||
| Salary slips of last 3 months | |||
| Processing fee cheque | |||
| Form 16/ Income Tax Returns | |||
| Proof of Business existence | |||
| Business profile | |||
| Education qualification certificate and Proof of Business existence | |||
| Income Tax Returns (ITR) of last 3 years with computation of income | |||
| Last 3 years CA certified/audited Balance Sheets and Profit & Loss Statements |
ICICI Bank offers higher home loan eligibility and lower EMIs at attractive interest rates in india. Please click here to know more about fees and service charges applicable for ICICI Bank Home Loan.
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KYC documents like Aadhaar Card, PAN Card and Passport along with proof of age and signature are required for availing a Home Loan. Salaried applicants should provide Salary slips and Bank statements while Self-employed individuals need to submit Business stability proof and a Business profile. Passport size photographs are required for all applicants, ensuring a comprehensive documentation process for a Home Loan application. A few essential documents are required for handover of original property documents post loan closure.
Only pre-approved customers can apply for a Home Loan without ITR. Apart from this, applicants need to provide KYC documents like Aadhaar Card, PAN Card, age and signature proofs, salary slips (for salaried individuals) and Bank statements. Self-employed applicants should provide Business stability proof and a Business profile. These documents could play a vital role in facilitating a Home Loan application process even without ITR. It is best to get in touch with the Bank representatives directly if you don’t have a Pre-approved offer.
No. There are certain home loan documents which are required to process your application. However, existing ICICI Bank customers can enjoy the benefit of reduced documentation
The amount you can borrow through a Home Loan depends on various factors like your income, credit score, property value and financial stability. Typically, lenders offer loans of up to 80-90% of the property's value. So, if your desired property costs ₹1 crore, you may be eligible for a Home Loan ranging from ₹80 lakh to ₹90 lakh. It is crucial to maintain a good credit history and provide accurate financial details for a higher borrowing capacity. There is no stipulated limit on the amount you can avail through an ICICI Bank Home Loan.
Qualified candidates are entitled to appealing interest rates for variable and fixed-rate loans, lower EMIs, and no penalties for prepayment on floating rates. The home loan interest rate offered are determined by the applicant's credit score, loan amount, and the type of Home Loan applied for. These factors are helpful in determining the interest rates tailored to each individual's financial profile and loan requirements.
The following Home Loans are available with ICICI Bank:
Securing a Home Loan from ICICI Bank offers flexible application modes. Online, applicants can visit ICICI Bank website or use the iMobile Pay app for a user friendly digital journey. All they need to do is upload soft copies of required home loan documents and the Bank will verify them.
