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HOME LOAN MADE EASY WITH ICICI BANK

ICICI BANK HOME LOAN (a) (1)

Buying a house is a dream for several and requires tons of monetary planning. ICICI Bank home loans make it easier for those that wish to understand this dream.

At ICICI Bank Home Loans, we provide the answer and knowledge on home loans to shop for / build a replacement house or to renovate an existing house.

Features:

The mortgage tracking feature, trackman, helps you purchase your home. Trackmyloan is a web application tracking platform that shows your mortgage journey and informs you of the status of your application, from connection to penalty.

You can check the status of your application by entering your loan application number and mobile number. Trackmyloan supports you from the primary step of registering for the sanction, both on the desktop and on the mobile device.

  • Real-time application updates
  • End to finish of the Credit Persecution
  • Fast resolution to queries
  • Quick access to multiple devices

 

  • Low EMI feature

30-year home loans offer you the choice to increase your term. An extended-term improves the eligibility of your mortgage by allowing you to use a bigger loan amount with a lower NDE.

30-year mortgages apply to employees of an inventory of selected companies.

 

  • Set up home equity credit offer

With ICICI Bank intensify Home Loans, you’ve got the key to the house of your dreams very early. A product aimed toward young professionals within the framework of the ICICI Bank progressive real estate loan can accept a better loan amount than that of normal mortgage loans.

In addition, you pay a moderate EMI within the first years, which can increase again within the following years, taking into consideration your income.

Eligibility criteria

With ICICI Bank Home Loans, you now have the house of your dreams at your fingertips. We are offering a better loan amount for your income. Eligibility for your mortgage is often further improved by including the income of the co-applicants on your mortgage.

Mortgage eligibility is calculated taking into consideration various factors, including monthly income, fixed monthly obligation, current age, retirement age, etc. Eligibility for your mortgage also can be seen as an indicator of the affordability of your mortgage.

Interest rates

Salaried Borrower

Slab Floating Interest rates

Up to ₹ 35 lacs RR + 3.10% (8.25%) – RR + 3.75% (8.90%)

₹ 35 lacs to ₹ 75 lacs RR + 3.25% (8.40%) – RR + 3.90% (9.05%)

Above ₹ 75 lacs RR + 3.45% (8.60%) – RR + 4.10% (9.25%)

Self – Employed

Slab Floating Interest rates

Up to ₹ 35 lacs RR + 3.35% (8.50%) – RR + 4.00% (9.15%)

₹ 35 lacs to ₹ 75 lacs RR + 3.45% (8.60%) – RR + 4.10% (9.25%)

Above ₹ 75 lacs RR + 3.55% (8.70%) – RR + 4.20% (9.35%)

Pricing of home equity credit Balance Transfer with repayment from ICICI checking account

Segment Floating Interest Rates

Salaried (Any Loan Amount) RR+3.25% (8.40%)

Self Employed (Any Loan Amount) RR+3.40% (8.55%)

Documents required:

For salaried employees:

  • Form with photograph
  • Proof of Identity, residence, and age
  • Previous 6 months bank statements
  • Previous 3 months’ Salary-slips
  • Processing fee cheque
  • Form 16 / tax Returns

For self-employed professionals:

  • Form with photograph
  • Proof of Identity, residence, and age
  • Previous 6 months bank statements
  • Processing fee cheque
  • Form 16 / tax Returns
  • Business existence proof
  • Last education qualification and business existence proof
  • Last 3 years tax returns with computation of Income
  • Last 3 years CA Certified / Audited record and Profit & Loss Account

For self-employed non-professional:

  • Form with photograph
  • Proof of Identity, residence, and age
  • Previous 6 months bank statements
  • Processing fee cheque
  • Form 16 / tax Returns
  • Business existence proof
  • Last 3 years tax returns with computation of Income
  • Last 3 years CA Certified / Audited record and Profit & Loss Account

Additional Reading- How Home Loans Work in India 

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