A "low interest" loan shouldn't mean you have very little interest in paying it back!
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    ICICI Home Loan Eligibility

    We found 2 ICICI Home Loan Eligibility

    Bank Name
    Interest Rate Range
    Processing Fee Range
    Loan Amount
    Tenure Range
    8.40% - 8.85% Floating
    0.5% (min. ₹11,500) One time fee
    5L - 10Crs
    3-30 Years
    Response Time Within 30 minutes
    Paperless Approval Option Available
    What you'll love
    Documents
    Perks
    Fees & Charges
    Good to Know
    Eligibility Criteria
    8.35% - 8.80% Floating
    0.5% (min. ₹11,500) One time fee
    5L - 10Crs
    3-30 Years
    Response Time Within 30 minutes
    Paperless Approval Option Available
    What you'll love
    Documents
    Perks
    Fees & Charges
    Good to Know
    Eligibility Criteria

    ICICI Home Loan Eligibility is Rated as "Great!" by 2091 Users

    Fees & Charges

    Promised Interest Rate

    Customer Service

    Responsiveness

    Home Loan BYTES FROM OUR KITCHEN

    Introduction:

    A dream home can be much closer to actuality if you live a monetarily disciplined and a well-organized life. All that it needs, is to play it smart at the right time when you are doing well personally as well as professionally.

    Loan applicants can state their income, and most banks are prepared to allow short-term alterations based on those info. But to make these reforms permanent, the banks have to receive income papers like Income Tax Returns, bank statements etc. ICICI Home Loan Eligibility Calculator is a tool that will help you understand how much you can borrow and the tenure in which you can pay back that. This will help you strategize your finances accordingly without this loan affecting your other commitments.

    For ICICI Home Loan Eligibility:

    Firstly an ICICI home loan applicant should be of age 21 and above. The minimum income requirement for salaried applicant is INR five lakhs annually, and for self-employed or freelance professionals, it would be INR 7.5 lakhs per year.

    Why should one calculate home loan eligibility through ICICI Bank website?

    Eligibility Calculator for ICICI Home Loans offers you the most precise estimation of housing loan amount that you can mortgage from that bank. You can get immediate sanction even if you have not decided on which property to buy.

    ICICI Home Loan Eligibility Calculator:

    Home Loan eligibility is gauged after taking into consideration numerous factors like monthly income, stable monthly financial commitment, age, retirement age etc. Your home loan eligibility may also be considered a pointer of how much home loan you can afford to take. Your house loan eligibility can be further improved if you include your income details of your co-applicant (preferably spouse).

    Further Reading: Check Home Loan Eligibility .

    How to enhance your eligibility:

    • Clearing your existing loans before applying for a home loan: It might be a personal loan or that irksome credit card dues, but all these can serve as warning signals to the bank.
    • Ensure that you have a record of how many bonuses or benefits you receive as a salaried employee and show them at the bank.
    • If you have other properties from you which you earn a steady amount as rent.
    • With increased loan tenure (as long as it is not more than the maximum tenure allowed) comes enhanced eligibility.
    • If you show income of your spouse (if he/ she is earning), show those income proofs too.

    FAQs about ICICI Bank Home Loan:

    1. How can I change my EMI? Does ICICI levy penalty for that?

      This reduction from the current rate will definitely influence your EMI or tenure.

    2. What is the least part advance-payment sum that I should to pay?

      Minimum part pre-payment sum must at least be one EMI.

    3. How much should my EMI be?

      It is completely based on your annual income and expenditures. Frequently, the banks recommend you to limit your EMI to 35 to 45 percent of your earnings per month.

    4. What is refinancing of home loan?

      To refinance is to get loan from one bank to settle a loan availed from a different bank. This is usually opted if the rates in your bank are higher.

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  • ICICI Home Loan Eligibility Reviews

    • ICICI Bank Home Loan
      "Need a slight improvement with the service"
      0.5 3.0/5 "Satisfactory"
      I was not briefed in detail about the loan process, out of my own interest I questioned them and later they gave clarification about the product. Till date I did not receive any loan sanction letter or any other document confirming my loan approval. However, ICICI process was very smooth quick and fast they hardly took 15 days of time for the loan disbursal, even their rates are low and it is line with the market rate. My only suggestion for them would be work on their service, as they need to be more customer centric.
      Was this review helpful? 0
      , chennai
      Reviewed on May 22, 2017
    • ICICI Bank Home Loan
      "Hassle Free Experience"
      0.5 5.0/5 "Blown Away!"
      I had done some research about the interest rate with other banks but I found ICICI rate as the best. I am happy with ICICI disbursement, I am going to construct an independent house, based on the property they have disbursed 60% of loan for plot, remaining 40% would be released for construction. To summarize, I am completely fine with ICICI process.
      Was this review helpful? 0
      , bangalore
      Reviewed on May 19, 2017
    • ICICI Bank Home Loan
      "Excellent service"
      0.5 5.0/5 "Blown Away!"
      ICICI have processed my home loan quickly. The process went in a smoother way. The verification and documentation process also went smooth. They took around 1 month to disburse my loan. The rate of interest is nominal. Overall the service is given in a polite and perfect way.
      Was this review helpful? 0
      , chennai
      Reviewed on May 18, 2017
    • ICICI Bank Home Loan
      "High on ROI"
      0.5 4.0/5 "Great!"
      ICICI Bank has been good in the services and the process for the home loan. I have no problem with the processing charges as it is common. But I later got to know that SBI was offering a lower rate of interest even though a customer does not have a savings account. Because though I have an account at ICICI bank I was offered a high rate of 8.65%.
      Was this review helpful? 0
      , bangalore
      Reviewed on May 18, 2017
    • ICICI Bank Home Loan
      "Need to be customer centric in future"
      0.5 3.0/5 "Satisfactory"
      Actually Overall the process was very good with ICICI bank Home loan service. But there was delay in disbursement. They have made delay with their process and there sales manager and the executive didn't response to my mails or calls and their customer support didn't gave proper response with the home loan concern. The lack of communication happened between the customer and the executives also the sales manager. They took around 40 days to disburse my home loan. The rate of interest is little higher than the HDFC bank. They can decrease the interest rate in future.
      Was this review helpful? 0
      , mumbai
      Reviewed on May 18, 2017
    • ICICI Bank Home Loan
      "Better Service"
      0.5 3.5/5 "Pretty good"
      Great job done by ICICI Bank on my housing loan . I had not gone through any kind of challenges with them. But I am not happy with the rate of interest, because SBI provides 8.5% of interest rate but ICICI quoted a high interest rate. I hold a savings account with them for more than ten years. Also they charged me some processing fee for the loan. At least they should consider corporates on the processing fee, it would be better if they waive off the charges for corp employees. In this competitive world, a lot of options are available for the people to go with, so ICICI should consider this while providing the loan to the people. Customer service is also equally good.
      Was this review helpful? 0
      , thane
      Reviewed on May 16, 2017
    • ICICI Bank Home Loan
      "Good deal on ROI"
      0.5 5.0/5 "Blown Away!"
      My first experience for my home loan was with ICICI Bankwas during the year 2008. At that moment I got a better deal. The rate of interest was initially of 11% and later reduced to 7%. It was better than the current one. The charges was also minimal and the process is also quick.
      Was this review helpful? 1
      , pune
      Reviewed on May 16, 2017
    • ICICI Bank Home Loan
      "High on the ROI"
      0.5 5.0/5 "Blown Away!"
      ICICI Bank was really good in services especially when it comes to home loan. The process was excellent as they completed it on time. The rate of interest has been reduced by 0.05% and I got a rate of 9.5%. Where as the other banks were offering 8.5%. The processing charges was as per the market standard.
      Was this review helpful? 0
      , pune
      Reviewed on May 16, 2017
    • ICICI Bank Home Loan
      "Bench Mark needs to acheive in customer service part"
      0.5 3.0/5 "Satisfactory"
      I felt ICICI customer support is not upto the mark, when I used to call them, they wont provide the information to me. They often ask me to visit to the bank. I took the loan amount of Rs.4.11 lakhs with tenure of 10 years, I have done the foreclosure recently.
      Was this review helpful? 0
      , ahmedabad
      Reviewed on May 16, 2017
    • ICICI Bank Home Loan
      "Very Cooperative"
      0.5 5.0/5 "Blown Away!"
      ICICI bank was very prompt for my housing loan application. Actually when I applied for the same loan last time, I did not finalize the car, at that time the bank informed me to take my own time to finalize the car model and come back. So they are very cooperative. Interest rate is normal. They provided a very good service for my loan application.
      Was this review helpful? 0
      , bangalore
      Reviewed on May 16, 2017
    • ICICI Bank Home Loan
      "The Best Bank"
      0.5 5.0/5 "Blown Away!"
      The person who contacted me from ICICI bank on my housing loan application helped me a lot every time whenever I required. I had received very good response and the rate of interest is really good. I personally negotiated with ICICI bank on interest rate and they agreed to provide as per my request.
      Was this review helpful? 0
      , greater noida
      Reviewed on May 15, 2017
    • ICICI Bank Home Loan
      "Average Service"
      0.5 3.5/5 "Pretty good"
      Partially I received a good response from ICICI bank for my housing loan. Because I had an issue with them. Actually the loan disbursement date is on 31st Mar'17 but the closing was on 15th Apr'17. I paid interest rate for these days 1-15 of Apr. This is the big issue with the bank and I am looking for the resolution. Still not received. Furthermore, the bank representative did not pick my calls sometime and he did not share the bank manager number as well. I got the manager contact number after 4-5 days only. Interest rate is something common in all the banks and nothing special about the rate of interest.
      Was this review helpful? 0
      , ghaziabad
      Reviewed on May 15, 2017
    • ICICI Bank Home Loan
      "Excallent Services by ICICI"
      0.5 4.5/5 "Excellent!"
      Team ICICI is doing a great job to connect clients. Its proven "KHAYAAL AAP KA" PUNCH LINE.My earlier experience with ICICI bank was good for the home loan. The team is proactive in contacting me and getting my loan completed on time. The interest rate and processing charges was also at par with the market.
      Was this review helpful? 1
      , bangalore
      Reviewed on May 10, 2017
    • ICICI Bank Home Loan
      "Quick services"
      0.5 5.0/5 "Blown Away!"
      My earlier experience with ICICI bank was good for the home loan. This process was about five years back. They were proactive in contacting me and getting my loan completed on time. The interest rate and processing charges was also at par with the market.
      Was this review helpful? 0
      , kolkata
      Reviewed on May 10, 2017
    • ICICI Bank Home Loan
      "Average"
      0.5 3.0/5 "Satisfactory"
      I applied for a home loan with ICICI Bank as I had the options online. When I applied for the same it took me to a another channel for loans. After which I received no response from the bank and in the meanwhile I got the loan from another bank. Since it was the fag end of the financial year I was asked to get the disbursement done quickly. But ICICI Bank was not helpful to me.
      Was this review helpful? 0
      , kolkata
      Reviewed on May 10, 2017
    • ICICI Bank Home Loan
      "Excellent"
      0.5 5.0/5 "Blown Away!"
      ICICI bank is where I hold my savings account with and they had offer me a home loan. I got loan of 9.18 lacs with 10 years of tenure. Every month they had deduct my EMI amount of 9018 rs from my savings account. In 2012 I have preclosed the loan because the interest rate was increasing for that also they had not charged anything.I have opted this loan long back during the year 2005.
      Was this review helpful? 0
      , asansol
      Reviewed on May 07, 2017
    • ICICI Bank Home Loan
      "Process time has to be improved"
      0.5 3.0/5 "Satisfactory"
      I had taken home loan from ICICI before three years, they offered 9.1% it was very much competitive in the market. But their loan process was very slow that has to be improved. I took the loan amount of Rs.30 lakhs for the tenure of ten years and the rest was good.
      Was this review helpful? 0
      , chennai
      Reviewed on May 03, 2017
    • ICICI Bank Home Loan
      "Good service"
      0.5 5.0/5 "Blown Away!"
      I have closed the home loan with the ICICI bank and the interest rate was good like it was around 8.25%. Loan disbursement to my account after two to three months of time, which was very long. Processing charges were fine and there were no issues.
      Was this review helpful? 1
      , mumbai
      Reviewed on Apr 27, 2017
    • ICICI Bank Home Loan
      "Excellent "
      0.5 5.0/5 "Blown Away!"
      Overall experience with the ICICI bank was good for my home loan and the executive Mr. Satheesh from ICICI bank have helped me a lot. There was no hiccups with them for my approval of home loan. I would like to say that they are better in every aspects.
      Was this review helpful? 0
      , ghaziabad
      Reviewed on Apr 26, 2017
    • ICICI Bank Home Loan
      "Better Service"
      0.5 4.0/5 "Great!"
      ICICI offered me very less rate of interest, when compared with others for my housing loan. They took around 2 weeks of time to disburse my home loan. I can say, it was very easy and smooth process to avail a home loan from ICICI. I do the payment with the help of ECS, because it automatically gets debited for my account for my housing loan.
      Was this review helpful? 0
      , mumbai
      Reviewed on Apr 22, 2017
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