Loan Against Property

Let your property be a shelter to your dreams. ICICI Bank Loan Against Property, is a multi-purpose loan that can be used for your business and personal needs.

Key features:

• Attractive interest rates
• Tenure upto 15 years
• Faster processing
• Loan against commercial / residential property

With ICICI Bank Loan Against Property, you can avail funds for:

• Starting a new business
• Long term working capital
• Funding childrens higher education
• Repay your high interest debts

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Service Charges & Fees

Service Charges & Fees

ICICI Bank ensures that you get the best Loans in terms of interest rates and other facilities. You can choose from Adjustable, Fixed or Floating Rate Loan.

Charges	Mortgages Loans
Loan Processing Charges / Renewal Charges (Non Refundable)	0.50% - 1.00% of the loan amount or Rs. 1500/- (Rs. 2000/- for Mumbai, Delhi & Bangalore), whichever is higher + applicable Service Tax & Surcharge
Prepayment Charges	Nil for Home Loans and Home Improvement Loans with floating rate of interest. 2% plus applicable taxes on principal outstanding* on full repayment for Home Loans with fixed rate of interest. 2% plus applicable taxes on principal outstanding* on full repayment for Top Up loan if the applicant or co-applicant is Non Individual. 4% plus applicable taxes on principal outstanding* where loan** is given to Non Individual borrowers or with fixed rate of interest to Individual borrowers. *Current principal outstanding and all amounts tendered by the borrower towards prepayment of the Facility during the last one year from the date of final prepayment. **Home Equity Loan/Home Equity Enhancement Loan, Office Premises Loan and Lease Rental Discounting Loan.
Charges for late payment	Home Loans : 2% per month Home OD : 1.5% of the outstanding amount subject to minimum of Rs. 500/- & Maximum of Rs.5000/-
Conversion charges for home loan	Floating to Floating 0.5% of the principal outstanding plus applicable taxes Dual fixed rate to Floating 0.5% of the principal outstanding plus applicable taxes Floating to Dual fixed rate 0.5% of the principal outstanding plus applicable taxes Life time fixed to floating 1.75% of the principal outstanding plus applicable taxes
Repayment mode swap Charges	Rs. 500/-
Document Retrieval Charges	Rs. 500/-
Cheque bounce charges	Rs. 200/-
Amortisation Schedule	Rs.100 per schedule (Inclusive of S.T.)*
Statement of Account	Rs.100 per statement (Inclusive of S.T.)*
Final prepayment statement	Rs.100 per statement (Inclusive of S.T.)*
Duplicate No Objection Certificate / No Due Certificate	Rs.100 (Inclusive of S.T.)
Revalidation of No Objection Certificate	Rs.100 per NOC (Inclusive of S.T.)*
Provisional Income Tax Certificate	Nil
Final Income Tax Certificate	Nil
Interest Certificate	NA
Change of Address	Nil
Agreement Copy	Nil
No Objection Certificate / No Due Certificate	Nil

Note : Service Tax and other taxes, levies, etc. applicable as per prevailing rate will be charged over and above these charges

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Documents Required

Documents required for the Sanctioning of Home Loan

Getting a home loan from ICICI Bank is easy and quick. In our endeavour to make the process convenient, we try to keep the paperwork and other formalities to a minimum. Proof of your identity, address and income are some of the key documents that are required to be submitted for ICICI Bank home loan.

If you are an existing customer, you can now enjoy the benefit of reduced documentation for Home Loan. To know more click here.

Documents	Salaried	Self Employed Professional	Self Employed Non Professional
Application form with photograph duly signed
Identity, residence and age proof
Last 6 months bank statements
Last 3 months Salary-slips
Processing fee cheque
Form 16 / Income Tax Returns
Proof of business existence
Business profile
Education qualification certificate and proof of business existence
Last 3 years Income Tax Returns with computation of Income
Last 3 years CA Certified / Audited Balance Sheet and Profit & Loss Account

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Home Loan Eligibility

Every customer's eligibility is different. Access your eligibility with our simple calculator. If you are an existing customer, you can now enjoy the benefit of reduced documentation for Home Loan. To know more click here.

Click here to Calculate your Loan Eligibility

Terms and Conditions apply. Eligible loan amount calculated above is an indicative amount. The final loan amount may vary from the same and is subject to credit appraisal and prevailing LTV norms.

ICICI Bank offers Home Loans to Resident as well as Non Resident Indians

• You must be at least 21 years of age on sanction of the home loan
• The loan must terminate before or at 65 years of age or age of retirement, whichever is earlier.
• You must be salaried or self-employed with a regular source of income
• Minimum age of co-applicant should be 18 years

How to enhance your eligibility

• If your spouse is an earning member, you can make him/ her the co-applicant. Their income will be considered to enhance the eligibility
• In case of co-owners, they must necessarily be co-applicants

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Special Interest Rate for Home Loans ( w.e.f May 15, 2014)

Home Loan Interest Rates - Applicable for Home loan qualifying as priority sector lending*

ICICI Bank floating rate

Category	Effective Rate of Interest
HL <= Rs. 1.5 million / Rs. 2.5 million	10.15%

Notes:

• The offer is valid for sanctions till June 30, 2014

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Home Loan Interest Rates

ICICI Bank floating rate

Category	Effective Rate of Interest	Rate
HL <= Rs. 7.5 million for Salaried	10.15%	I-Base + 0.15%
HL <= Rs. 7.5 million for Self Employed	10.25%	I-Base + 0.25%
HL > Rs. 7.5 million	10.50% to 11.25%	I-Base + 0.50% to 1.25%

Notes:

• The offer is valid for sanctions till June 30, 2014

GET INSTANT E-APPROVAL

Home Loan Interest Rates for Women Borrowers**

ICICI Bank floating rate

Category	Effective Rate of Interest	Rate
HL<= Rs 7.5 Mn	10.10%	I-Base + 0.10%

Notes:

• The offer is valid for sanctions till June 30, 2014

ICICI Bank Fixed Rate

One year & Two year (s) fixed rate

Ticket size slab	Fixed rate for first 12/24 months	Floating rate pricing from second & third year onwards (from 13th/25th month)
HL <= Rs 7.5 Mn for Salaried Borrower	10.15%	I-Base + 0.15%
HL <= Rs 7.5 Mn for Self Employed Borrower	10.25%	I-Base + 0.25%
HL > Rs 7.5 Mn & <= Rs 50.0 Mn	10.50% to 11.00%	I-Base + 0.50% to 1.00%

Notes:

• The offer is valid for sanctions till June 30, 2014

ICICI Bank Renewable Fixed Rates

2 year Initial Fixed Interest Rate- Rate applicable for initial period

Ticket size slab	Initial Fixed Interest Rate- Rate applicable for initial period	Renewable Fixed Rates - Fixed at each renewal
HL <= Rs 7.5 Mn for Salaried Borrower	10.15%	I-Base + 0.15%
HL <= Rs 7.5 Mn for Self Employed Borrower	10.25%	I-Base + 0.25%
HL > Rs 7.5 Mn & <= Rs 50.0 Mn	10.50% to 11.00%	I-Base +0.50% to 1.00%

Notes:

• The offer is valid for sanctions till June 30, 2014

All ICICI Bank floating rate home loan is benchmarked to I-Base. Effective August 23, 2013 I-Base will be 10.00%
Administrative fee is 0.5% of the loan amount and applicable service tax will be levied.

Disclaimer:
*"Terms & Conditions apply. This offer is applicable only to those customers who, including their dependent family members, either do not own any dwelling unit currently or are transferring the loan from other Banks/Financial Institutions for the only dwelling unit that they own."
**Woman borrower should be the main applicant to the loan and she should be either owner or co-owner in the property being financed.

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Home Loan

 

 

Home Loan

Buying your dream home is indeed an investment of a lifetime. We at ICICI Bank understand your need and recommend you a home loan well suited to meet your budget.

Our experts will help you navigate through the home loan process, thus making home buying a comfortable experience.

ICICI Bank is a trusted companion in this journey of yours from start till end. With a wide range of offerings, we will be able to offer you the most suitable Home loan.

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Key Features:

• Longer Tenure, attractive interest rates, lower EMIs
• Doorstep service at your comfort
• Flexible repayment options
• Simplified documentation
• Wide range of product to choose from
• Over 246 Bank Branches pan India for servicing of your loans
• Guidance throughout the process making home buying hassle free
• Insurance options for your home loan at attractive premium
• With a network of 2500 branches we are always close to you
• Sanction approval without having selected a property

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Home Loan Interest Rates - Applicable for Home loan qualifying as priority sector lending*

Home Loan Interest Rates - Applicable for Home loan qualifying as priority sector lending* ICICI Bank floating rate: Category Effective Rate of Interest HL <= Rs. 1.5 million/Rs 2.5 million 10.15%

Notes:       The offer is valid for sanctions till March 31, 2014

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