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ICICI Home Finance Home Loan
ICICI Home Finance Home Loan: The Most Reliable Partner for Home Ownership! For up to 25 years, ICICI Home Finance Company Limited provides housing loans. Here, interest rates start at 9.50% per year. Additionally, it provides self-employed and salaried candidates with low-cost home loan plans with a PMAY scheme subsidy of Rs 2.67 lakh, even if they do not have any documentation supporting their income.Powered By
ICICI Home Finance Home Loan
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Here are a few factors
| Location | 50Km from Branch |
| CIBIL Score | 650+ |
| Applicant | Salaried & Self Employed Both |
| Applicant Age | Salaried-23
Year to 60 Year Self Employed-25 Year to 65 Year |
| Loan Amount & Tenure | 40
Lac to 5 Cr (5 Year to 25 Year) |
| Login Fees | 5900 |
| Rate of Interest & Type | 9.50% to 11% (Reducing) |
| TAT | 7 Days |
| Processing Fees | (i)
Salaried-1% of Loan amount (ii) Self Employed-1.50%-2% of Loan amount |
| Insurance & Other Charges | Insurance Charges:0%-2% |
| Foreclosure Charges | Nil for Individual & 2% for other than individual |
| Minimum Income | Which is fit to cover EMI |
| Lock In Period | Nil |
| Part Payment Allowed | Yes |
| Home Loan OD Product | No |
| LTV | 90%
of Market Value if Loan amount<30 Lac 80% of Market Value if Loan amount>30 lac-75Lac, >75Lac-75% of Market Value |
| Product | 1.
Seller BT Product 2. New Purchase 3. BT+Topup 4. Plot Purchase 5. Plot Purchase+Construction 6. Home Renovation |
| Program | 1.
Banking Program-2 Cr 2. BT+Topup-Upto 5 Cr 3. Normal Income- Upto 5 Cr 4. GST Program-Upto 2 Cr |
| CO - Applicant | Yes |
| FOIR | 1.Salary
<1 Lac-60%, >1 Lac-75% 2. Self Employed-100% of Income |
| Negative Profile | 1.Applicant
living in dominated area 2. Criminal Lawyer |
| Funded Property Type | (i)
Residential Property (ii) Residential Plot Purchase (iii) Residential Plot Purchase & Construction |
| Negative Property | (i)
GPA Property (ii) Demolition List Property (iii) Basement (iv) Bachha Flat |
| Accepted Collateral | Other than Negative Property |
| Business Vintage for Self Employed Person | 3 Year |
| Minimum Job Experience for Salaried Person | 2 Year |
| Experience with Current Employer | 3 Month |
| Any Specific Product for Professionals | No |
| USP | Less Negative Profile & Funding on all type of Property |
Required Documents for ICICI Home Finance Home Loan
Salaried Income Documents
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Application Form : Duly filled and signed application form
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KYC Documents : Residence and ID proofs like Aadhaar card, PAN card, voter ID, job card issued by NREGA
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Salary Proofs : Last 2-month salary slips, 3 months bank statement, Form 16
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Property Documents : Documents of the property (unless the property is not finalized)
Self-employed Individuals/Non-individuals
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Application Form : Completely filled and signed application form
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Property Documents : Property documents
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Last 3 year audited balance sheet of applicant
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KYC Documents : ID and residence proofs for KYC
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Financial Documents : Latest 2 income tax returns, 6 months bank statement, latest 2 years balance sheet (with schedules), and P&L accounts
About ICICI Home Finance Home Loan
Have your own home with an ICICI Home Finance Home Loan. Whether you are self-employed or employed, take advantage of simple qualifying requirements. For home loans, obtain financing for the property of your preference, even if you lack official documentation of your income. For today's deal, stop by the ICICI HFC branch that is closest to you!
ICICI Home Finance Home Loan Customer Care Contact Details
Call- 1860 120 7777
Basic Eligibility Criteria
Any salaried or self-employed person can apply for this loan.
The applicant should have a CIBIL score of at least 650+.
The applicant should have a minimum 2 years.
The applicant should have a minimum experience of 3 months with the current employer.
FREQUENTLY ASKED QUESTIONS
Yes, by including a co-applicant—such as a spouse or other member of their immediate family—home borrowers can boost their eligibility.
Indeed, female applicants are eligible for reduced interest rates from ICICI Home Finance. The HFC hasn't revealed the interest rate reductions provided to female applicants, though.
You may co-apply with your spouse or any member of your immediate family. Including a woman in your application will help you get a house loan with a cheaper interest rate.
Individuals who have credit scores of 650 or higher typically stand a better chance of being granted house loans with cheaper interest rates.
Yes, you can pay back your ICICI Home Finance home loan partially or in full ahead of term.
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