Best ICICI Home Loan India

ICICI Bank Home Loan in India

ICICI Bank Home Loan IndiaApply Now

It is really easy to get a Home Loan from ICICI Bank as processing time of ICICI Bank is very short. ICICI Bank also offers lower EMIs with higher eligibility that too on very attractive interest rates. Thus ICICI Bank is focused on fast approval of your Home Loan. On your Mortgage Loan ICICI Bank also provides a multipurpose Home Loan Overdraft facility. This facility provides you flexibility and removes rigidness regarding the end use of funds borrowed. ICICI Bank also provides a special Home Loan product named as step up Home Loan. This is basically for young salaried borrowers.

Best ICICI Home Loan India
ICICI Bank Home Loan Eligibility

ICICI Bank helps you in getting your dream home. ICICI Bank usually offers higher Loan amount on your Income as eligibility criteria of ICICI Bank is liberal. If still your need is not satisfied then you can further increase your eligible Loan amount by adding a co-applicant in Home Loan.

There are various factors which are considered by ICICI Bank for calculating Home Loan eligibility which are as follows:-

  • Monthly income

  • Fixed monthly obligation

  • Current age

  • Retirement age etc.

Interest Rate for ICICI Bank Home Loan

Women Borrower**

Floating Interest Rate
Category Effective Rate of Interest Rate
Up to Rs 75 lacs 9.15% I-MCLR-1Y+0.20%
Rs 75 lacs to Rs 5 crore 9.30% I-MCLR-1Y+0.35%
Above Rs 5 crore 9.45% I-MCLR-1Y +0.50%
Fixed Interest Rate for 5 Years, 10 Years
Category Effective Rate of Interest Rate
Up to Rs 30 lacs 9.20% I-MCLR-1Y + 0.25%
Rs 30 lacs to Rs 5 crore 9.30% I-MCLR-1Y + 0.35%
Above Rs 5 crore 9.55% I-MCLR-1Y+0.60%
Full Tenor Fixed Interest Rate
Category Effective Rate of Interest
Up to Rs 30 lacs 9.70%
Rs 30 lacs to Rs 5 crore 9.80%
Above Rs 5 crore 10.05%
Weaker Section Borrower#
Floating Interest Rate
Category Effective Rate of Interest Rate
Up to Rs 28 lacs 9.15% I-MCLR-1Y +0.20%
Salaried Borrower
Floating Interest Rate
Category Effective Rate of Interest Rate
Rs 75 lacs to Rs 5 crore 9.35% I-MCLR-1Y + 0.40%
Above Rs 5 crore 9.50% I-MCLR-1Y + 0.55%
Fixed Interest Rate for 2 Years, 3 Years
Category Fixed rate for 24/36 months Floating rate pricing from 25th/37th month
Up to Rs 75 lacs 9.20% I-MCLR-1Y + 0.25%
Rs 75 lacs to Rs 5 crore 9.35% I-MCLR-1Y + 0.40%
Fixed Interest Rate for 5 Years, 10 Years
Fixed Interest Rate for 5 Years, 10 Years
Category Effective Rate of Interest Rate
Up to Rs 30 lacs 9.25% I-MCLR-1Y + 0.30%
Above Rs 30 lacs 9.35% to 9.60% I-MCLR-1Y + (0.40% to 0.65%)
Full Tenor Fixed Interest Rate
Category Effective Rate of Interest
Up to Rs 30 lacs 9.75%
Above Rs 30 lacs 9.85% to 10.10%
Self Employed Borrower
Fixed Interest Rate for 2 Years, 3 Years
Category Effective Rate of Interest Rate
Up to Rs 75 lacs 9.20% I-MCLR-1Y + 0.25%
Above Rs 75 lacs 9.35% to 9.50% I-MCLR-1Y + (0.40% to 0.55%)
Fixed Interest Rate for 5 Years, 10 Years
Category Effective Rate of Interest Rate
Up to Rs 75 lacs 9.20% I-MCLR-1Y + 0.25%
Above Rs 75 lacs 9.35% to 9.50% I-MCLR-1Y + (0.40% to 0.55%)
Fixed Interest Rate for 5 Years, 10 Years
Category Fixed rate for 60/120 months Floating rate pricing from 61st/121st month
Up to Rs 30 lacs 9.25% I-MCLR-1Y + 0.30%
Above Rs 30 lacs 9.35% to 9.60% I-MCLR-1Y + (0.40% to 0.65%)
Full Tenor Fixed Interest Rate
Category Fixed rate for 60/120 months
Up to Rs 30 lacs 9.75%
Above Rs 30 lacs 9.85% to 10.10%
Documents Required for ICICI Bank Home Loan

ICICI Bank is very liberal in documentation also. ICICI Bank keeps the paperwork and other formal procedures to the minimum level. Only key documents are required by Bank to process the Home Loan. Further if you are an existing customer of ICICI Bank then you can enjoy further relaxation in documentations.

For Salaried /Self Employed person:
  • Application form with photograph duly signed

  • Last 6 months bank statements

  • Last 3 months Salary-slips

  • Processing fee cheque

  • Form 16 / Income Tax Returns
Additional Documents for Self employed Professionals:
  • Education qualification certificate and proof of business existence

  • Last 3 years Income Tax Returns with computation of Income

  • Last 3 years CA Certified / Audited Balance Sheet and Profit & Loss Account
Additional Documents for Self employed Non Professionals:
  • Education qualification certificate and proof of business existence

  • Last 3 years Income Tax Returns with computation of Income

  • Last 3 years CA Certified / Audited Balance Sheet and Profit & Loss Account
  • Business profile

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