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ICICI Bank Limited Home Loan

Home Loan: Roti, Kapda aur Makaan sums up the eternal need of Man. Big or Small, all of us dream of a Home. ICICI Bank offers Home Loans at lower interest rates and with extended eligibility criteria. The Application process is simple and digitised for Tablet and Smart Phone users. Apart from the conventional Home Loans, the Bank also offers-

Ø pre-approved Home Loans to selected existing Customers.

Ø Step-Up Home loans where the young professionals can extend the eligibility up to 20% more

Ø Facilities as Balance Transfer of Loan from another Bank, Top-up facility in existing Loan and Loan against Property are also available at affordable rate of interest

In accordance with the Pradhan Mantri Aawas Yojana announced by Hon’ble PM Shri Modi ji, the Bank also offers “Credit Linked Subsidy Scheme” for EWS and LIG Category at low interest rates. For Female Borrowers and Employees from approved Corporates and Institutions, a special tenure of 30-years can be obtained with low interest rates. Few of the Home Loans offered by ICICI are-

ü Easy application and documentation process, can apply directly through Mobile App or the Site

ü Minimum processing charges

ü Low interest rates with flexible terms

ü No pre-payment charges for Home Loan and Home Improvement Loans

ü Quick disbursement

ü Facility to calculate your loan eligibility & EMI in the site itself

ICICI Bank upholds the Consumer interest always. To protect the borrower’s family against any unfortunate incident, the Bank offers Single-premium Home Insurance. The Plan doesn’t require any Medical Check-up up to 3 Crores and tax benefits can be claimed against payment of it. Another one, Loan protect, covers the Borrowers Life for a maximum period of 20 years and up to a limit of 5 Crores, no medical test is needed either.

Bank Link	http://www.icicibank.com/Personal-Banking/loans/home-loan/index.page
Loan Amount	80% of the cost of the property
Interest Rate	9.5% to 10.05%
Tenure	Maximum 30 years
Pre Payment Charges	2% on the principal outstanding

Disclaimer: The Details shown may be different from actual. Please confirm on the bank site before process.

Service Charges

0.50% - 1.00% of the loan amount or Rs.1500/- (Rs.2000/- for Mumbai, Delhi & Bangalore), whichever is higher + applicable Service Tax & Surcharge

Other Charges

Loan Processing Charges / Renewal Charges: 0.50% - 1.00% of the loan amount or Rs. 1500/- (Rs. 2000/- for Mumbai, Delhi & Bangalore), whichever is higher + applicable Service Tax & Surcharge

Charges for late payment: 2% per month Home OD : 1.5% of the outstanding amount subject to minimum of Rs. 500/- & Maximum of Rs.5000/-

Charges for changing from fixed to floating rates of interest: 0.5% of the principal outstanding plus applicable taxes

Charges for changing from floating to fixed rates of interest: 1.75% of the principal outstanding plus applicable taxes

Cheque Swap Charges: Rs. 500

Document Retrieval Charges: Rs. 500

Cheque bounce charges: Rs. 500

Statement of Account: Rs. 100 per statement

Docs Introduction

The documents needed for a home loan are-

-Govt. ID proof

-Govt. address proof

-Photos as specified by Bank

-Employment Certificate/Salary Certificate/ Form no. 16

-Last 6 Month’s Bank Account statement

-last 3 years Income Tax return

-Co-Lateral Security (if needed)

-Details of the property from Promoters

-Photocopy of receipts of Govt. Taxes and Bills

-Sanctioned Plan of the property

-Registration deed of the Land in the name of the Promoter

Eligibility Introduction

Home Loan

Eligibility Criteria

Salaried

Self-Employed

Age

21 Years – 60 Years

24 Years – 65 Years

Experience

Min. 2 Years

Min. 5 Years

Co-Applicant(s)

Not Mandatory – only Family Members are accepted

CIBIL Score

750 or above

Max. Loan allowed

Up to 90%

Max. EMI – Per Income %

Up to 65%

Self
Minimum Age (in yrs.)	Minimum 21 years
Minimum Income (in Rs.)	Regular Source of Income should be there
Minimum Work Experience (yrs.)	NA
Residence Status (yrs.)	Valid Residence proof
Id Proof	Passport/PAN card/Driving License/Voter ID Card/Any other valid ID proof
Address Proof	Electricity bill/telephone bill/Driving License/Voter ID Card/Passport/Any other valid Address Proof
DOB Proof	10th class certificate/certificate of birth
Financial Docs	-Employment Certificate/Salary Certificate/ Form no. 16 -Last 6 Month’s Bank Account statement -last 3 years Income Tax return
Other Docs	-Govt. ID proof -Govt. address proof -Photos as specified by Bank -Co-Lateral Security (if needed) -Details of the property from Promoters -Photocopy of receipts of Govt. Taxes and Bills -Sanctioned Plan of the property -Registration deed of the Land in the name of the Promoter

Disclaimer: The Details shown may be different from actual. Please confirm on the bank site before process.

Salaried
Minimum Age (in yrs.)	Minimum 21 years
Minimum Income (in Rs.)	Regular Source of Income should be there
Minimum Work Experience (yrs.)	NA
Residence Status (yrs.)	Valid Residence proof
Id Proof	Passport/PAN card/Driving License/Voter ID Card/Any other valid ID proof
Address Proof	Electricity bill/telephone bill/Driving License/Voter ID Card/Passport/Any other valid Address Proof
DOB Proof	10th class certificate/certificate of birth
Financial Docs	-Employment Certificate/Salary Certificate/ Form no. 16 -Last 6 Month’s Bank Account statement -last 3 years Income Tax return
Other Docs	-Govt. ID proof -Govt. address proof -Photos as specified by Bank -Co-Lateral Security (if needed) -Details of the property from Promoters -Photocopy of receipts of Govt. Taxes and Bills -Sanctioned Plan of the property -Registration deed of the Land in the name of the Promoter

Disclaimer: The Details shown may be different from actual. Please confirm on the bank site before process.

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