Documents Required for ICICI Bank Home Loan
1. Home Loan Application Form and Photographs
- • A duly filled and signed home loan application form is mandatory.
- • Recent passport-sized photographs (typically 4 to 5 of each applicant or co-applicant).
2. Proof of Identity (KYC Documents)
Any one of the following documents is accepted:
- • PAN Card (mandatory for most cases)
- • Aadhaar Card
- • Passport
- • Voter’s ID Card
- • Driving License
3. Proof of Address
Provide any one valid proof out of:
- • Aadhaar Card
- • Passport
- • Voter’s ID Card
- • Driving License
- • Recent utility bill (electricity, telephone, water)
- • Registered Rent/Lease Agreement
4. Proof of Age
- • Passport
- • PAN Card
- • Aadhaar Card
- • Voter’s ID
- • Birth Certificate
- • Government-issued certificates (10th marksheet, etc.)
5. Proof of Signature
This may be waived if PAN is provided, but it can be required for certain
applicant categories.
6. Proof of Income
For Salaried Individuals:
- • Latest one month’s salary slip (appointment letter if salary slip not available)
- • Latest Form 16 (or previous year’s ITR)
- • Last 3 to 6 months’ bank statement showing salary credits
- • Employment certificate/appointment letter, if necessary
For Self-Employed/Professionals:
- • IT returns for the last 2–3 years (with computation of income)
- • Balance Sheet, Profit & Loss account statements with audit report for the previous 2–3
years (audited by a Chartered Accountant)
- • Last 6 months’ bank account statement (business and individual)
- • GST returns (past 12 months, if applicable)
- • Proof of business existence (business registration certificate, GST registration, Udhyam
certificate, trade license, etc.)
- • Business profile and professional qualification certificate (if applicable)
7. Property Documents
- • Allotment letter, sale agreement, or builder-buyer agreement
- • Title deeds, chain of previous ownerships (for resale properties)
- • Approved building plan from the civic authority
- • Payment receipts to the builder/seller
- • Encumbrance certificate
- • Possession/Occupancy certificate (for ready-to-move-in properties)
- • Copy of the latest property tax receipt
- • No Objection Certificate (NOC) from the builder/society if needed
8. PAN Card or Form 60
PAN Card is mandatory; Form 60 required only if PAN isn’t available.
9. Other Supporting Documents (if applicable)
- • Details of existing loans or liabilities, EMIs, and sanction letters
- • Proof of rental income (rental agreements, rent receipts)
- • Investment proofs (FDs, mutual funds, LIC policy)
- • NRI applicants: Passport, visa, work/residence permit, overseas bank statements, local
address proof
10. Processing Fee Cheque
A cheque favoring “ICICI Bank Ltd.” for processing fees may vary based on loan
amount.
Additional Key Details about ICICI Bank Home Loan
1. Eligibility Criteria
- • Indian resident or NRI/PIO aged 21 to 65 years (at loan maturity)
- • Salaried or self-employed professionals/business owners
- • Regular, documented source of income and good repayment capability
2. Loan Amount and Tenure
- • Depending on eligibility and RBI guidelines, loans can be availed for up to 80-90% of the
property’s value.
- • The eligible loan amount depends on the applicant’s income, age, profile, and property value.
- • Repayment tenure can extend to 30 years, subject to age and other eligibility criteria.
3. Interest Rate & Charges
- • ICICI Bank offers competitive floating and fixed interest rates, with lower rates possible for
women borrowers and pre-approved customers.
- • The processing fee is usually around 0.50% to 1.00% of the sanction amount (minimum and
maximum slabs may apply).
- • Other charges include legal and technical evaluation fees, documentation charges, and stamp
duty as per state norms.
4. Repayment, Disbursement, and Features
- • Repayment is made through EMIs, NACH, ECS, or post-dated cheques.
- • Full disbursement for ready properties; partial disbursement for under-construction properties
in stages.
- • Prepayment and foreclosure of home loans on floating rates have minimal or zero penalty as per
RBI guidelines.
- • Balance transfer, top-up, and home improvement loans are available.
- • Special offers for salaried professionals, women, and NRIs.
5. Tax Benefits
Borrowers can enjoy deductions on principal repayment (under Section 80C) up to ₹1.5
lakh/year and interest payments (under Section 24) up to ₹2 lakh/year.
6. Application Process
- • Check eligibility on the ICICI Bank website’s home loan eligibility calculator.
- • Complete the application and upload documents online or visit a branch.
- • Bank verifies documents, inspects property, and issues a sanction letter if approved.
- • After signing the agreement and other documents, the sanctioned amount is disbursed.
Obtaining a home loan from ICICI Bank requires a combination of identity, address, income,
and property documents along with specific forms for each applicant category. Processing is
streamlined, with competitive rates and a reputation for strong customer service. Accurate,
complete documentation ensures fast approval and a hassle-free experience for all home buyers.