ICICI Bank provides a home loan to its customer at the lowest interest rate. For your home loan from ICICI Bank, you don’t need any guarantor. The interest changes from 8.85% to 9.10%. The house acts as a security to the loan.

The benefits of ICICI Home Loan

• The interest rate is so low and they offer both floating and fixed interest rate.
• You even can sanction your ICICI Home Loan before selecting the property.
• The documentation process is so simple and fast.
• You can have longer tenure with lower emi.
• You can avail the balance transfer feature which will allow you to transfer the existing loan.
• You can easily apply online for ICICI home loan with less documentation.
• If you are a selected customer of ICICI Bank you can enjoy the ICICI Bank pre-approved home loan.
• Home loan tenure for up to thirty years.
• You can enjoy the fixed interest for the first ten years and then you can have a choice of floating interest rate or fixed interest rate.

ICICI Home Loan eligibility criteria

• The minimum age for the ICICI Home Loan is 21 years.
• You should complete the ICICI Home Loan before 65 years.
• You should have a stable source of income if you are applying for home loan.
• If you are applying for a home loan with co-applicant his/her age should be 18 years old.
• The minimum income should be Rs. 25,000.
• Your CIBIL Score must be 750 or above.
• FOIR- Minimum FOIR must be 0.75

ICICI Bank Home Loan documents

Salaried Individual 

• Duly filled the application form.
• Passport size photo.
• ID proof- AADHAR Card, PAN Card, Driving License, Passport.
• Residence proof- Registered Rent Agreement/ Any utility bill like Electricity or Gas Bill.
• 6 months salary slip, Copy of Form 16 of last 2 years.
• Bank Statement of last 6 months.
• ITR of the last 2 years.
• 6 months bank statement showing the salary credit and any EMI debit.
• Legal documents of the property- Latest Property tax receipt, Conveyance/Sales deed, Copy of approved plan for Construction/Extension, Possession/Allotment letter.
• Property Documents – Past title chain: Sales deed, Conveyance deed, Possession letter, Latest property tax receipt,  Allotment letter, Copy of approved plan for construction/ extension

Self-Employed Individual 

• Duly filled the application form.
• Passport size photo.
• ID proof- AADHAR Card, PAN Card, Driving License.
• Residence proof- Any utility bill like Electricity or Gas Bill, Passport.
• Legal documents of the property- Latest Property tax receipt, Conveyance/Sales deed, Copy of approved plan for Construction/Extension, Possession/Allotment letter.
• Proof of Business- Business address proof, Balance Sheet, and Profit & Loss a/c (Certified by CA), the Business existence proof, Copy of Partnership Deed.