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ICICI Bank Home Loan Details

July 11, 2012 | Posted in Loans
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ICICI Bank Home Loan Details can help you know more about ICICI Bank Home Loan. One of the most popular Home Loans in India, ICICI Bank Home Loans is offered by the largest private sector financial establishments the ICICI Bank. ICICI Bank Home Loan is one of the most sought after Home Loans in India. It caters to the housing needs of a number of people all over India. If you are planning to buy your dream house but do not have sufficient capital, you can take Home Loan from the ICICI Bank. For detailed information on ICICI Bank Home Loan customers can dial ICICI Bank Toll free Number. We have maintained several tables below that describe the Foating Rates on ICICI Bank Home Loan along with fixed rates from one year to three years. We have also mentioned Floating Rate Interests for ICICI Bank Home Loan.

ICICI Bank Home Loan Interest Rates, EMI Calculator, Eligibility and Document Required

ICICI Bank Home Loan Interest Rates

One year fixed rate

Ticket size slab Fixed rate for the first 12 months Floating rate pricing (from 13th month)
Rs.30 Lacs 10.50% 10.50%
Rs.30 Lacs and Rs.75 Lacs 11.00% 11.00%
Rs.75 Lacs 11.50% 11.50%

Two year fixed rate

Ticket size slab Fixed rate for the first 24 months Floating rate pricing (from  25 th month)
Rs.30 Lacs 10.75% 10.50%
Rs.30 Lacs and Rs.75 Lacs 11.25% 11.00%
Rs.75 Lacs 11.75% 11.50%

Three Year Fixed Rte

Ticket size slab Fixed rate for the first 36 months Floating rate pricing (from 37 th month)
Rs.30 Lacs 10.75% 10.50%
Rs.30 Lacs and Rs.75 Lacs 11.25% 11.00%
Rs.75 Lacs 11.75% 11.50%

Bank floating rate

Ticket size slab Floating rate pricing
Rs. 30 Lacs 10.50%
Rs. 30 Lacs and Rs. 75 Lacs 11.00%
Rs. 75 Lacs 11.50%

For more information on ICICI Home Loan customers can send an SMS to 5676766. Write HOME in the message box and send it to 5676766.

ICICI Bank charges 1% of Home Loan amount as processing fees. When you take ICICI Bank Home Loan, calculate in advance that want amount of money you need to pay as processing fees.

Using EMI Calculator you can calculate the amount of money payable every month to the ICICI Bank until the loan amount is fully paid off. We have provided below the link of ICICI Bank Loan EMI Calculator using which you can calculate the amount you need to pay to the bank.

ICICI Bank Loan EMI Calculator URL

http://www.icicihfc.com/floating_calculator.html

ICICI Bank Home Loan Eligibility

Details of ICICI Bank Home Loan Eligibility help you know who is eligible to apply for a Home Loan. It is something all customers should keep in mind when applying for the ICICI Bank Home Loan. We have mentioned below eligibility criteria to get a Home Loan form ICICI Bank.

Criteria Salaried
Age 23 yrs. – 58 yrs.
Net Salary Net monthly income – Rs. 20,000 p.m.
Eligibility ICICI bank Salary Account Holder, Existing ICICI Bank Personal Loan customer
Years in total job / profession 2 Year
Years in current residence 1 Year

A number of documents are required when you apply for ICICI Bank Home Loan. These documents ensure your eligibility for the loan. Complete all your documents before applying for ICICI Bank Home Loan. We have mentioned below the list of all Documents required when applying for ICICI Bank Home.

Document Required
  • Duly Completed Application Form
  • Photograph
  • Fee cheque
  • Photo Identity Proof
  • Signature Verification Proof
  • Residence Address Proof
  • Property documents as required
Document specific for Salaried
  • Last 3 months’ salary slips
  • Form 16
  • Bank Statement for last 6 months from salary account
  • Repayment details on any existing loans or loan closure letter
Document specific for Self Employed
  • Income Tax Return / Computation of Total Income / Auditors Report / Balance Sheet / Profit & Loss Account certified by Chartered Accountant for last 2 years (3 years for Home Equity) (both for business and personal of partners/directors)
  • Bank Statement for last 6 months from operating account
  • Repayment details on existing loans or loan closure letter
  • Board Resolution in case of a company
  • Proof of existence of the business entity
  • Proof of Office Address
  • Photo Identity Proof, Residence Address Proof, Signature Verification must be provided for all the main partners / directors

Comments (2)

  1. Ajit Sharma

    ICICI Bank Home Loan Application Status, click below URL:-

    https://loans.icicibank.com/verifyOwnershipForm.html

  2. Sumit Negi

    ICICI Home Loan Interest Rates 2013

    ICICI Bank floating rate:

    Category: HL < = Rs. 3.0 million
    Effective Rate of Interest: 10.25%
    Rate: I-Base + 0.50%

    Category: HL > Rs. 3.0 million
    Effective Rate of Interest: 10.50% to 11.00%
    Rate: I-Base + 0.75% to 1.25%

    Notes:
    1% Cashback benefit is available on above product
    1% Cashback benefit is available if EMI payment is through Auto Debit from ICICI Bank Account
    The offer is valid till March 31, 2013

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