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✓ Home Loan from ₹5 Lakhs To ₹5 Cr ✓ Multiple Lending Partners ✓ Attractive Interest Rates

Avail ICICI Home Loan of up to Rs.5 crores from Bajaj Markets with 90% of the property value as a loan amount. Interest rate starts at 8.10% p.a. with a maximum repayment tenure of 30 years.

ICICI Bank Home Loan Details

 

Interest Rate

8.10% p.a. Onwards (salaried applicants)

 to

8.20% p.a. Onwards (self-employed applicants)

Maximum loan amount

Up to ₹5 crores

Processing fees

₹3000 + GST + (Higher of ₹5,000 + GST or 0.25% of the loan amount + GST)

Max repayment Tenure

Up to 30 years

Types available

Fixed and floating interest rate

Penalty Interest Rate

Up to 2% per month

 

ICICI Housing Loan Interest Rate 2022

 

Particulars

Interest Rate

Salaried Applicants

8.10% p.a.onwards

Self-Employed Applicants

8.20% p.a. onwards

 

Also Check, Current Interest Rate for Home Loan 2022

ICICI Bank Home Loan Eligibility

Given below is the comprehensive list of ICICI Home Loan Eligibility Criteria:

  • As a salaried applicant, your age must be between 25-58 years. As a self-employed applicant, your age must be between 25-65 years.

  • The net monthly income should be at least Rs. 30,000 for salaried applicants.

  • The minimum PAT (Profit After Tax) should be at least Rs. 25,000 for self-employed applicants.

  • You must have a work experience of at least 2 year if you are a salaried applicant. As a self-employed applicant, your business must have a vintage of 3 years at least. 

Calculate your Home Loan Eligibility Criteria and also check out factors determining on improving eligibility criteria.

Documents Required for ICICI Housing Loan

  • Identity Proof: PAN/Voter ID/Aadhaar Card

  • Address proof: Aadhaar Card/Passport/Driving License

  • Bank statements of last 6 months

  • Salary slips of last 3 months (for salaried applicants)

  • Certificate & Proof of business existence (for self-employed applicants)

  • Form 16 / Income Tax Returns

ICICI Bank Home Loan EMI

You can calculate your ICICI Home Loan EMI (Equated Monthly Installment) through the formula given below:

ICICI Housing Loan EMI = [P x R x (1+R)^N]/[(1+R)^N-1]

where,

  • EMI is Equated Monthly Installment,

  • P is the principal amount,

  • R is the monthly rate of interest, and

  • N will be the ICICI Home Loan repayment tenure (in months).

Alternatively, you can also use your Home Loan EMI Calculator tool on Bajaj Markets.

How to Apply for ICICI Home Loan Online?

Here are step by step process for applying ICICI Bank Home Loan:  

  • Step 1: Enter Personal Details - Fill in your personal and income details and get instant home loan eligibility.

  • Step 2: Choose your Lending Partner - Select ICICI Bank from the list of partners and get going.

  • Step 3: Estimate Borrowing Power - Find out the home loan amount you could possibly avail.

  • Step 4: Mention Requirement & Property Details - Fill your required home loan amount & details of property.

  • Step 5: Unlock Final Details - Find out your loan details along with all the charges and net disbursal amount. Post this, a loan expert will connect with you to process your application further.

ICICI Home Loan Schemes

  • Regular home loan: This is your regular home loan that borrowers avail to purchase a newly constructed property or a resale flats. You can avail funding of up to ₹5 crores through it and repay it over the course of 30 years.

  • Express home loan: If you want to avail the funding for the home of your dreams quickly, you can go for an express home loan. You can avail an ICICI Express Home Loan in five simple steps once you submit all of the required home loan documents online. At the end of the process, you will receive a provisional sanction letter that you can use to avail the home loan.

  • Land loans: If you want to purchase a plot of land on your own and build a house on it later, you can get a land loan. You will be charged the same interest rate on the land loan as you would be in the case of a regular home loan.

  • Extraa Home Loans: Extraa Home Loans is a form of balance-top up facility that will allow you to avail an additional 20% over and above your original sanctioned regular loan amount. In addition to the same, once you avail this facility, you can repay the total amount until 67 years of age.

  • NRI Home Loan: As the name suggests, this home loan is for you if you are a Non Resident Indian (NRI). Some of the facilities you can avail if you apply for an NRI home loan is doorstep service until the disbursal of your loan, the option of getting to choose from properties that have been approved for funding and the facility of choosing between fixed and floating rate system.

ICICI Home Loan Features & Benefits

  • High-value Loan: You can avail a Home Loan as high as ₹5 Crores to finance your home purchase.

  • Flexible Repayment Tenure: Enjoy flexibility in repayment tenure that ranges between 12-360 months and 12-240 months for salaried and self-employed applicants respectively.

  • Low Interest Rates: You can avail Home Loan at attractive ICICI Home Loan interest rates ranging from  8.10% to 8.95%.

  • Balance Transfer Options: You can also transfer your Home Loan balance through the facility of balance transfer at a low rate of interest.

Why Choose Bajaj Markets for ICICI Home Loan

  • Fast Online Process: Now get an online home loan with easy approval and disbursal process.

  • Minimal Documentation: Get the best home loan offers hassle-free, without any tedious paperwork.

  • Transparency Guaranteed: No hidden charges, no dubious policies, just 100% transparency.

  • Custom-made Loans: Finance your dream home with easy home loans designed to meet your specific requirements.

  • Trusted Companion: Customers across the country have sought financial enablement from us. Give us a chance and we won’t let you down. 

ICICI Home Loan Customer Care Numbers

One can reach out to ICICI Bank regarding home loan queries or grievances through the customer care numbers that have been mentioned below:

  • Delhi: 011 33667777

  • Mumbai: 022 33667777

  • Kolkata: 033 33667777

  • Chennai: 044 33667777

  • Customers Traveling Overseas: +91-40-7140 3333

ICICI Home Loan FAQs

✔️Can I apply for an ICICI Home Loan online?

Yes, you can apply for an ICICI Home Loan online by visiting the ICICI website.

✔️ What are the processing fees for ICICI Home Loans?

The processing fees for ICICI Home Loans are 0.50% - 1% of the loan amount or Rs.1,500, whichever is higher + taxes and surcharge.

✔️Does ICICI give pre-approved Home Loans?

Yes, ICICI gives pre-approved Home Loans.

✔️How can I check my ICICI Home Loan status?

You can check the status of your ICICI Home Loan application using ‘Trackmyloan’ by entering your loan application and mobile number. This can be done using your desktop or mobile.

✔️Does ICICI check CIBIL for a Home Loan?

Yes, ICICI checks CIBIL for a Home Loan, but it is not mandatory.

✔️What is the maximum loan tenure I can opt for under ICICI House Loan?

The maximum loan tenure you can opt for under ICICI House Loan is 30 years.

✔️Can I transfer my House Loan from another bank to ICICI?

Yes, you can transfer your House Loan from another bank to ICICI.

✔️Can I club the income of my spouse with mine and apply for ICICI joint Home Loan?

Yes, you can apply for an ICICI joint Home Loan with your spouse.