ICICI (Industrial Credit and Investment Corporation of India) is a multinational BankOffering a wide Range of products and services in the areas of investment banking, venture Capital, Life Insurance, non-life insurance and asset management.
The bank has a good network of 5275 branches and 15589 ATMs across the country and also has its presence in 17 foreign countries. If you are looking to buy your dream house, then ICICI Home Loan is a must to consider for financial help.
Types of ICICI Home Loan
1. ICICI Instant Home Loan
ICICI Instant Home Loan is for ICICI customers who are holding a salary account in the bank. It is a pre-approved home loan that can be applied through the bank’s internet portal. The scheme has a Floating Interest Rate starting from 8.75% p.a. with low-processing fee of 0.25% + tax.
ICICI Instant Home Loan Interest Rates 2023
The ICICI Bank offers a floating interest rate under this scheme.
The following table will guide you to the rate of interest on this loan-
Once your loan is sanctioned you need to submit the following documents to the bank-
Property documents for which you are seeking the loan
Documents of your co-applicant
Any additional documents will be informed by the bank
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2. ICICI Bank 30 Year Home Loan
ICICI bank offers 30 year home loan for the woman applicant and salaried employees working for a selected group of companies. The EMI for the loan starts from Rs. 809, per lakh. The scheme provides you with a flexible loan tenure for up to 30 years. The interest rate starts from 8.80% p.a. with the processing fees between 0.50% and 1% of the total loan amount.
ICICI 30 year Home Loan Interest Rate 2023
The bank offers fixed and floating interest rates on this scheme.
The below table will guide you to ICICI 30 year home loan interest rates -
Self-employed women only
Below Rs. 30 lakh
8.80% - 8.95% p.a
8.95% - 9.10% p.a
Between Rs. 35 lakh - Rs. 75 lakh
8.90% - 9.05% p.a
9.05% - 9.20% p.a
Over Rs. 75 lakh
8.95% - 9.10 p.a
9.10% - 9.25% p.a
Doorstep service available for the applicants
The loan may be approved before selecting your property for purchase
Repayment tenure of 30 years
Simple documentation process
Enjoy higher loan amount, longer repayments with small EMIs
Here is a list of documents required to apply for this scheme -
Non-resident Indians (NRIs) can purchase a property or build a house in India with the help of the ICICI NRI Home Loan. This scheme offers hassle-free documentation and quick home loan disbursal. It offers competitive interest rates and zero part payment fees.
Financing available for both salaried and self-employed
Profit and loss statement for the last 2 years reviewed by CPA (USA and Canada)
4. ICICI Bank Pradhan Mantri Awas Yojana (PMAY)
Pradhan Mantri Awas Yojana scheme offers a subsidy on the purchase, construction, extension and improvement of the house to the Economical Weaker Section (EWS), Lower Income Group (LIG) and Middle-Income Group (MIG).
Benefits of PMAY Scheme
Interest subsidy ranging from 3.00% p.a. to 6.50% p.a. offered on the outstanding principal amount
Interest subsidy can be availed on the loan terms up to 20 years
Maximum of Rs. 2.67 lakh loan subsidy will be given depending on the category of the beneficiary
Eligibility for PMAY
The beneficiary should not own a Pucca house with any of their family members names in any part of India
In case of a married couple, both the spouses together in joint ownership are eligible for a single subsidy
The beneficiary family should not have availed the central assistance under housing scheme from the Government of India or any benefit under any scheme in Pradhan Mantri Awas Yojana
Eligibility Family Income
EWS- Rs. 0 to Rs. 3,00,000, LIG- Rs. 3,00,001 to Rs. 6,00,000
Rs. 6,00,001 - Rs. 12,00,000
Rs. 12,00,000 - Rs. 18,00,000
Carpet Area- Max(sq.m)
30 sqm/60 sqm
Subsidy calculated on max loan
Rs. 2.67 lakh
Rs. 2.35 lakh
Rs. 2.30 lakh
Validity of the scheme
31 March 2022
31 March 2021
31 March 2021
5. ICICI Saral Rural Housing Loan
This ICICI home loan is designed for the women borrower and weaker section. The credit facility will be extended for acquisition, construction, repairs, renovation and up-gradation of the house in rural areas.
The scheme features a loan up to 90% of the loan amount
You can avail loan amount between Rs. 5 lakhs to 15 lakhs
The scheme tenure falls between 3 to 20 years
ICICI Bank Home Loan Customer Care
To get all solution of your queries on ICICI housing loan, you may Call on the following ICICI Bank Home Loan Customer Care numbers-
1860 120 7777
ICICI Home Loan Alternate Customer Care Number
Delhi: 011 33667777
Kolkata: 033 33667777
Mumbai: 022 33667777
Chennai: 044 33667777
Disclaimer: All efforts have been made to ensure the information provided here is accurate. However, no guarantees are made regarding correctness of data. Please verify with scheme information document before making any investment.
Mutual fund investments are subject to market risks. Please read the scheme information and other related documents carefully before investing. Past performance is not indicative of future returns. Please consider your specific investment requirements before choosing a fund, or designing a portfolio that suits your needs.
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