If you are delaying the home loan process then just forget those limitations and use latest approach to get amount with ease and try to get amount with ease. Home loan with least paperwork is modern day approach and facility banks and NBFC avails to its customers. Just explore applykaroo to get best offers as per your eligibility and transaction record bank will approve your request regarding respective concern. As of now, ICICI bank avails the facility of paperless home loan facility to all customers as per their banking record.

ICICI Bank Home Loan

Applying for icici bank home loan is quite easy task and available with plenty of features and rewards too.

a. Maximum amount approval is INR 10 crore.

b. Interest rate will be between 8.40% to 8.85% and for women applicant it will be 8.35%

c. No need of guarantor.

d. 0.5% of total amount will be charged as processing fees.

e. On floating rate loan no pre closure fee will be charged.

f. Repayment tenure can be extended up to 30 years.

g. Part payment facility is available without any extra charges.

h. User will also get the facility of balance transfer along with availing top up loan.

If any women applicant apply for home loan personally or any co applicant then entire above describe facility will be same but interest rate will be 8.35%.

Facts that Bank Validate before Approving Amount

Before taking final call on individual application bank validate some specific facts that all banks and NBFC (non banking financial corporation) to check previous track record of customers to observe plenty of things. If you have ever faced rejection due to any one facts outlined below

a. Income :- For salaried employee income criteria is INR 5 lakhs and for self employed it is INR 7 lakhs.

b. Age of Applicant :- Age is one of the prime facts that play vital role in approval of loan amount. As per provision applicant minimum age must be 21 years and maximum age can be up to 65 years.

c. Credit History of Applicant :- A clean credit history and excellent CIBIL score makes entire processing much easier for applicant as well as banks too. Better credit history also helps in determination of interest rate.

d. Employment Type :- As we know that being employed refers to stability in carrier as well as in finance sector too.

e.Current Credit Standing :- Bank will validate credit standing like existing loan that is currently running and how repayment process is going on and how it is handled by the customer.

f.Current Residence :- As per their rules to check financial stability of customer and current residence address must be 12 months old.