ICICI Home Loan Eligibility

Calculate your ICICI Home Loan Eligibility Calculator

✓ Home Loan from ₹2 Lakhs To ₹15 Cr ✓ Multiple Lending Partners ✓ Interest Rates Starting @ 8.25%

ICICI Bank provides home loans at affordable interest rates for a tenure of up to 30 years. To simplify the process, the bank has set a criteria to determine the eligibility of individuals applying for a home loan. ICICI offers home loans to applicants with a stable source of income and a decent credit score.

ICICI Home Loan Eligibility 2022

Before you apply for a home loan, it is important to be aware of all the criteria that influence the chances of your home loan application approval. Here is the criteria used by ICICI Bank to determine the eligibility of a home loan applicant:

  • Nationality: The applicant must be a citizen of India.

  • Age: The applicant must be between 21 and 65 years of age to be eligible for a home loan from ICICI Bank. Also, the age of the applicant must not exceed 70 years at the time of loan maturity.

  • Salary and Employment: To be eligible for an ICICI Bank home loan, the applicant must have a regular source of income. She/he can be either a salaried government employee or an employee of a private company or even a self-employed individual.

  • Credit Score: As is the case with most other loans, ICICI Bank grants home loans to applicants with stable credit history and a good credit score, preferably 750 or above.

  • Loan to Value Ratio (LTV): It refers to the ratio of the loan amount granted to the value of the property for which it is availed. LTV is often expressed in percentage terms. ICICI Bank offers an LTV of up to 85%, which means, an amount equal to up to 85% of the property value can be availed as home loan from the bank.

How is ICICI Bank Home Loan Eligibility Calculated

ICICI Bank uses a set of metrics to determine the eligibility of a home loan applicant. Some of the factors that impact the home loan eligibility of a borrower include their monthly income, credit score, age, and financial obligations.

ICICI Bank Home Loan Eligibility Based on Salary

The salary of a home loan applicant is one of the key determinants of the loan amount eligibility. The following table provides an estimate of the loan amount an applicant is eligible for based on their monthly salary.

Here, we have taken a repayment tenure of 30 years and an interest rate of 8.40% per annum (which is the starting interest rate for ICICI Bank home loans) into consideration:

Applicant’s Monthly Income

Eligible Loan Amount





















ICICI Bank Home Loan Eligibility Based on Age

Since the repayment tenure of a home loan can go up to 30 years, the age of the applicant impacts the home loan amount. The younger the borrower, the more time they have to pay back the loan. The table below gives an estimate of the age of the applicant and the maximum loan tenure they are eligible for:

Applicant’s Age

Maximum Eligible tenure

21 years to 30 years

30 years

31 years

29 years

32 years

28 years

33 years

27 years

34 years

26 years

35 years

25 years

36 years

24 years

37 years

23 years

38 years

22 years

39 years

21 years

40 years

20 years

41 years

19 years

42 years

18 years

43 years

17 years

44 years

16 years

45 years

15 years

ICICI Bank Home Loan Eligibility Based on Value of Property

The home loan amount granted by ICICI Bank also depends upon the LTV (Loan to Value) ratio of the property for which the loan is issued. The LTV of a property, and, therefore, the loan amount depends upon the value of the property. The following table gives you an idea of the LTV ratio that you can expect for a given loan amount:

Loan Amount

LTV Ratio

Up to ₹30 Lakhs

80% to 85%

30 Lakhs to ₹75 Lakhs


Above ₹75 Lakhs


ICICI Bank Home Loan Eligibility for Women

The eligibility criteria for house loans is the same for all applicants irrespective of their gender.

Minimum CIBIL Score for ICICI Bank Home Loan

Credit score is considered to be a standard and reliable way of assessing the creditworthiness of a borrower. To ensure that you meet the eligibility criteria for availing home loan from ICICI Bank, you must have a CIBIL score of at least 650. The bank, however, would always prefer borrowers with a score upwards of 750.

Factors Affecting ICICI Bank Home Loan Eligibility

There are a number of factors that play a part in whether the loan application gets approved as well as how much loan amount will be sanctioned. Hence, it is best to be aware of these factors beforehand:

  • Income: The applicant’s income is the most important criterion that decides their home loan amount eligibility. The higher their income, the better their repayment capability and, therefore, the higher the loan amount they are eligible to receive.

  • Employment Status: The applicant’s employment status is also an important factor that influences their home loan eligibility. It means that they must have a stable source of income and are, therefore, in a better position to pay off the entire Home Loan amount efficiently.

  • Financial Obligations: Lastly, established financial institutions such as ICICI Bank expect their loan applicants to not have too many pending debts and other serious financial obligations hanging over their heads. Hence, your financial history and current obligations also affect the chances of your home loan application being approved.

ICICI Bank Home Loan Eligibility FAQs

  • ✔️Can I apply for an ICICI home loan online?

    Yes, you can apply for an ICICI home loan online by visiting the official ICICI Bank website.

  • ✔️What are the processing fees for ICICI Home Loans?

    The processing fees for ICICI Home Loans are 0.50% to 1% of the loan amount or ₹1,500, whichever is higher, plus applicable taxes and surcharge.

  • ✔️Does ICICI give pre-approved home loans?

    Yes, ICICI Bank gives pre-approved home loan offers to eligible individuals.

  • ✔️How can I check my ICICI home loan status?

    You can check the status of your ICICI Home Loan application using the ‘TrackMyLoan’ option on the bank’s official website. All you have to do is enter your mobile number and application number on the page and click on “Submit”.

  • ✔️Does ICICI Bank check the CIBIL score for a home loan?

    Yes, ICICI Bank checks your CIBIL score before approving your house loan application.

  • ✔️What is the maximum loan tenure I can opt for with an ICICI house loan?

    The maximum loan tenure you can opt for with an ICICI housing 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 my spouse's income with mine and apply for a joint home loan with ICICI Bank?

    Yes, you can club your spouse’s income with yours while applying for a joint home loan with ICICI Bank.