ICICI Bank Home Loan, Interest rate and EMI Calculator August 2017

 

(Updated on 01.08.17) ICICI Bank Home Loan and EMI Calculator August 2017Get Instant Quick & Easy Approval on ICICI Home Loan. Loansninsurances.com provide a simple tool to calculate your Home Loan EMI on the basis of✓Interest Rate✓Loan Tenure✓Processing Fee✓Eligibility✓Best Offers & more.

ICICI Home Loan
Interest Rates for Women 8.35% (Loan Amt Rs 30 Lakhs) for Salaried
Interest Rates for Others 8.40%
Processing Fees 0.50% of the loan amount *Valid till May 31, 2017
Pre payment Charges Nil
Loan Amount upto 90% of market value
Min. Income Rs.12000/- p.m
Loan Repayment 1 to 30 years

ICICI BANK HOME LOAN – INSTANT QUOTES ONLINE

Professional Details
Loan Amount
Occupation
Yearly Income
City
Disclaimer: We do not provide Home Loans but help you to connect with banks to get best deals.
All loans are on sole discretion on the respective banks

ICICI Bank Home Loan

ICICI Bank offers a bouquet of home loan products at its simplest and hassle-free way. To meet every customer’s multifarious requirement, ICICI Bank Home Loan has lots of tempting features such as affordable interest rates, pre-sanctioned home loan before property selection, longer tenure with lower EMIs, special EMI options, unique “Balance Transfer” feature, pre-approved home loans for selective customers, facility to link personal loan with home loan, floating and fixed interest rates, and lots more. Know your Home Loan Eligibility with ICICI Bank Home Loan Eligibility Calculator and get your suitable home loan approved instantly.

ICICI Bank Personal Loan is one of the most enticing personal loans ever designed to help all classes of people to fund their financial emergencies.

ICICI Bank Home Loan Features

ICICI Bank Home Loan has lots of exciting features such as:

  • Affordable interest rates.

  • Pre-sanctioned home loan before property selection.

  • Longer tenure with lower EMIs and unique “Balance Transfer” feature.

  • Pre-approved home loans for selective customers.

  • Facility to link personal loan with the home loan.

ICICI Bank Home Loan EMI Calculator

Loan Amount
Interest Rate (Reducing) % Per Annum
Loan Tenure (in Months)
 
Monthly EMI
Total Amount with Interest
Flat Interest Rate PA
Flat Interest Rate PM
Total Interest Amount
Yearly Interest Amount

ICICI Bank Home Loan Schemes

1) ICICI Bank Step-Up Home Loan

ICICI step-loan has been exclusively designed for young salaried professionals who have a dream to own a house in the early days of their job. There is enhanced eligibility up to 20% on ICICI Bank Step-Up home Loan.

  • You can avail loan amount up to Rs. 3 Crore.

  • To be eligible for this scheme, the minimum income should be of Rs.20, 000 per month.

  • Maximum loan tenure is up to 20 years.

2) ICICI Bank Extraa Home Loans

ICICI Bank Extraa home loan is currently offered in Greater Mumbai, National Capital Region, Bengaluru and Surat. ICICI Bank Extraa Home Loans is available in three variants to cater to the diverse needs of every citizen.

  • For middle age, salaried customers with age up to 48 years of age. You can get an added facility of repaying the loan till your retirement age or up to 65 years of age.
  • Loan can be availed by self-employed customers who earn higher income in some months of the year, given the seasonality of their business.
  • Young salaried borrowers up to 37 years of age are eligible to avail a 30-year home loan with repayment tenure till 67 years of age.

3) ICICI Bank Pragati Home Loans

  • ICICI Bank Pragati Home Loan you can avail Home Loan, Home Improvement Loan and Non-Residential Premise Loan (NRP).

  • Minimum income of Rs.10,000 per month for salaried applicants.

  • Loan amount from Rs.5 lakh to Rs.50 lakh.

  • Tenure up to 20 years.

  • Easy Balance Transfer facility available.

ICICI Bank home Loan Eligibility

  • To be eligible for ICICI Home Loan the minimum age of the applicant should be 18 years & the maximum age should be 70 years. i.e. the age by which the loan should be fully repaid.

  • ICICI home loan amount will be determined to take into consideration applicant’s income and repaying capacity, age, assets and liabilities, cost of the proposed house/flat etc.

  • Income of your spouse/ your son/ daughter living with you, provided they have a steady income and his/ her salary account is maintained with ICICI Bank.

  • Expected rent actuals (fewer taxes, cess, etc.) if the house/ flat being purchased is proposed to be rented out.

  • Regular income from all sources.

  • Equitable mortgage of the property.

ICICI Bank Home Loan Documents Required

ICICI Bank Home Loan for Salaried Individual

  • Application form with photograph duly signed needs to be submitted.

  • Valid passport, Voter ID Card, Aadhaar Card, Pan Card, Valid Driving Licence etc as Identity, residence and age proof.

  • Last 6 months bank statements.

  • Last 3 months Salary-slips.

  • Processing fee cheque.

  • Form 16 or Income Tax Returns.

ICICI Bank Home Loan for Self-employed Individual

  • Application form with photograph duly signed.

  • Valid passport, Voter ID Card, Aadhaar Card, Pan Card, Valid Driving Licence etc as Identity, residence and age proof.

  • Last 6 months bank statements.

  • Last 3 months Salary-slips.

  • Processing fee cheque needs to be submitted.

  • Form 16 or Income Tax Returns.

  • Education qualification certificate and proof of business existence.

  • Last 3 years Income Tax Returns with the computation of Income.

  • Last 3 years CA Certified / Audited Balance Sheet and Profit & Loss Account.

ICICI Bank Home Loan Prepayments

  • Nil for Home Loans and Home Improvement Loans under floating rate of interest.

  • 2% plus applicable taxes on principal outstanding on full repayment on ICICI Home Loans with fixed rate of interest.

  • 2% plus applicable taxes on principal outstanding on full repayment on Top-Up loan if the applicant or co-applicant is Non-Individual.

  • 4% plus applicable taxes on principal outstanding where ICICI home loan is given to Non-Individual borrowers or with fixed rate of interest to Individual borrowers.

ICICI MCLR RATE AUGUST 2017

Loan Tenure

MCLR

Overnight

8.00%

One month

8.00%

Three months

8.10%

Six months

8.15%

One year

8.20%

ICICI Bank home loan FAQs

Q1)What is meant by co-applicant ? Is co-applicant mandatory for home loan?

A co-applicant is a person who avails ICICI home loan along with the main applicant. A co-applicant is mandatory if you want to apply for home loan.

Q2)What is meant by security for the loan?

You will be required to provide security of the property or any other additional collateral security to avail ICICI Home Loans.

Q3) Is there option to foreclose the loan?

Yes, there is the option to foreclose the home loan before it’s original tenure expires. The foreclosure charges are 2% of the outstanding amount.

Q5) Do ICICI Bank have the option of prepayment for ICICI home loan?

Yes, ICICI Bank provides its customer with the option to prepay part of the loan at no additional cost during the tenure of the home loan.

ICICI HOME LOAN TRENDS AUGUST 2017

User searches for ICICI Home Loan Eligibility Calculator up +130% in past week – 28.01.2016
User searches for ICICI Bank Home Loan EMI Calculator up +40% in past week – 25.02.2017
User searches for ICICI Home Loan Login up +90% in past week – 12.03.2017
User searches for ICICI Customer Care up +60% in past week – 27.03.2017
User searches for ICICI Bank Home Loan Status up +160% in past week – 05.04.2017
User searches for ICICI Bank Home Loan Calculator up +120% in past week – 28.05.2017
User searches for ICICI Home Loan Login up +84% in past week – 22.06.2017