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  • ICICI Bank Home Loan Eligibility

    ICICI Bank offers affordable home loan solutions as per the requirements of its customers. The home loans can be availed for a loan repayment tenure of up to 30 years. The rates of interest start at 6.90%* p.a.

    *Note: The interest rate is a special rate which is offered by the bank under the ICICI Bank Home Utsav festive season offer.

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    Bank Name
    Interest Rate Range
    Processing Fee Range
    Loan Amount
    Tenure Range
    PA PL OTP
    6.90% - 8.05% Floating
    Up to 0.50% One time fee
    Rs.5L - Rs.10Crs
    3 - 30 Years
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    Fees & Charges
    Good to Know

    ICICI Bank Home Loan Eligibility Criteria

    Age 21 years to 65 years (including exit age)
    Employment Type Salaried and self-employed individuals
    Resident Status Indian citizens and NRIs*

    *Note: NRIs can avail home loans from ICICI Bank under the ICICI Bank NRI Services. Under this scheme, the applicants will have to fulfil the following criteria of eligibility:

    Age 21 years to 65 years (including exit age)
    Employment Term Salaried individuals – At least 1 year of employment overseas Self-employed individuals - At least 3 years in the current business overseas

    ICICI Bank Home Loan Eligibility Based on Salary

    There are a number of factors on which the home loan eligibility of ICICI Bank is dependent. The home loan eligibility calculator can be used to find out the approximate loan amount that you will be eligible for. The figures mentioned will be based on the information that you provide.

    For the loan amounts listed in the table below, the loan repayment tenure is assumed to be 30 years and the rate of interest is assumed to be 6.90% p.a.

    Monthly Income Loan Amount
    Rs.25,000 Rs.15,18,372
    Rs.30,000 Rs.20,49,802
    Rs.35,000 Rs.23,91,436
    Rs.40,000 Rs.27,33,070
    Rs.45,000 Rs.30,74,703
    Rs.50,000 Rs.34,16,337
    Rs.55,000 Rs.41,75,523
    Rs.60,000 Rs.45,55,116
    Rs.65,000 Rs.49,34,709
    Rs.70,000 Rs.53,14,302
    Rs.75,000 Rs.56,93,895

    Note: The figures mentioned above are indicative and are based on certain assumptions. The figures are subject to change on the basis of other relevant factors such as the age of the applicant, etc.

    ICICI Bank Home Loan Eligibility Based on Age

    The maximum repayment tenure for ICICI Bank Home Loans is primarily dependent on the age of the applicant. Getting a home loan earlier will make you eligible for the longest loan repayment term. The following list shows the maximum loan repayment tenure that an applicant will be eligible for on the basis of his or her age.

    Applicant Age Maximum Eligible Tenure
    21 years to 35 years 30 years
    36 years 29 years
    37 years 28 years
    38 years 27 years
    39 years 26 years
    40 years 25 years
    41 years 24 years
    42 years 23 years
    43 years 22 years
    44 years 21 years
    45 years 20 years
    46 years 19 years
    47 years 18 years
    48 years 17 years
    49 years 16 years
    50 years 15 years

    ICICI Bank Home Loan Eligibility Based on Credit Score

    Rating Credit Score
    Good 750 and above
    Average 600 - 750
    Poor Below 600

    Minimum CIBIL Score for ICICI Bank Home Loan

    Having a higher CIBIL score strengthens the possibility of your home loan application being approved. In general, a CIBIL score of 650 or more increases the chances of your home loan application approval.

    ICICI Bank Home Loan Eligibility for Co-Applicant

    If you are applying for an ICICI Bank Home Loan along with a co-applicant, he or she should be at least 18 years old.

    Factors Affecting ICICI Bank Home Loan Eligibility

    Some of the factors which affect the home loan eligibility of ICICI Bank are listed below:

    • The age of the applicant
    • The credit score of the applicant
    • The repayment capability of the applicant
    • The credit history of the applicant
    • The loan repayment history of the applicant
    • Any other active loans for which the applicant is a co-borrower

    ICICI Bank Home Loan Eligibility FAQ

    1. What is the maximum loan amount that can be borrowed under the ICICI Bank Home Loan schemes?

      On the basis of your eligibility and loan repayment capability, ICICI Bank offers you the option to avail home loans of more than Rs.75 lakh.

    2. What is the processing fee for ICICI Bank Home Loans?

      The processing fee for ICICI Bank Home Loans is 0.50% of the loan amount. Additional taxes are applicable.

    3. I am an NRI. Am I eligible for a ICICI Bank Home Loan?

      Yes, NRIs are eligible for home loans offered by the ICICI Bank under the ICICI Bank NRI Services.

    4. I want to avail a home loan balance transfer from ICICI Bank. What are the effective rates of interest for home loan balance transfer?

      Yes, it is possible to avail a ICICI Bank Home Loan balance transfer provided you fulfil the eligibility criteria as per the bank’s prescription. The current rate of interest for the home loan balance transfer starts at 6.90% p.a. for salaried employees and 7.05% p.a. for self-employed individuals.

    5. What is the security that has to be provided by an applicant to be eligible for the ICICI Bank Home Loans?

      In general, the house property is mortgaged as the security against the home loan availed through ICICI Bank.

      

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