Check Home Loan Balance Status.

The ICICI home loan is a cost-effective and convenient home loan program designed to help people succeed in their dream of owning a home. ICICI Bank provides qualifying borrowers housing loans with low-interest rates beginning at 6.90 percent per annum, extended loan terms of up to 30 years, and simple repayment options. The processing fees range from 0 percent to 0.50 percent of the loan amount (plus applicable taxes) and no prepayment penalty on floating rate loans. ICICI is also affiliated with the PMAY Scheme, which provides homebuyers with a financial boost. Check out the various schemes below, along with their features, advantages, interest rates, and other fees, and fulfill your goal of owning a home a reality with ICICI Bank Home Loan.

Interest Rates

For Salaried Employees:-

•  Loan Amount of up to ₹ 35 lacs - 7.05% - 7.85%.
•  Loan Amount of ₹ 35 L to ₹ 75 lacs - 7.10% -7.95%.
•  Loan Amount of above ₹ 75 lacs - 7.10% - 8.05%.

For Self Employed Employees:-

•  Loan Amount of up to ₹ 35 lacs - 6.90% - 7.60%.
•  Loan Amount of ₹ 35 L to ₹ 75 lacs - 7.00% - 7.75%.
•  Loan Amount of above ₹ 75 lacs - 7.00% - 7.95%.

Eligibility:-

• Age:

1. The age of the applicant must be between 18 years and 65 years.
2. The age of the co-applicant must be between 21 years and 65 years.
3. For NRIs, the minimum age is 25 years, and the maximum age is 60 years.

• Status of Residence:

1. Indian residents are eligible for a Home Loan.
2. NRI is also eligible.

• Applicants belonging to the following types of employment are eligible:

1. Salaried employee.
2. Self-employed.
3. Self-employed professional.

Documents Required:-

• Identity proof - Voter ID/ Aadhaar Card/ Valid Passport/ Driving License/ PAN Card (any one).
• Proof of Residence - Driving License/ Passport/ Copy of Utility Bills/ Aadhaar Card/ Voter ID.
• Age proof - Birth Certificate/ Aadhaar Card/ Valid Passport/ Voter ID.
• Proof of income - Bank account statements for the past six months/ Latest Form 16 or Income Tax Returns.
• Other Documents - Processing fee cheque in favor of the bank/ Duly filled loan application form with passport size photographs.

Features:-

• Customers can track their home loans using the feature.
• Salaried employees can avail themselves of the home loan facility instantly.
• No prepayment charges are levied on floating-rate loans.
• The process of documentation is seamless and straightforward.
• It also offers home loan insurance.
• Longer tenure of up to thirty years is permitted.
• The home loan can be sanctioned even before selecting a property
• You can enjoy a fixed rate of interest for the first ten years and opt for fixed or floating rates after that.

Conclusion:-

You may apply for an ICICI Bank Home Loan either directly through the bank or online marketplaces. Home loan eligibility is determined by considering a number of factors such as monthly revenue, fixed monthly commitments, current age, and retirement age. Your home loan qualifications can also determine how affordable a home loan is for you. The ICICI Bank Home Loan Eligibility Calculator will help you figure out how much you can borrow. ICICI Bank allows you to move your current loan in a simple and hassle-free manner.  By taking an ICICI Bank Home Loan, you will save interest, pay affordable EMIs, and also save money.

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