ICICI Bank Home Loan | Interest Rate | Eligibility | Documents Required

A very near and tough competitor of HDFC Banks, ICICI Banks is widely popular bank known for their great services and best assistance to their customers.

In fact, getting home loans through ICICI Banks is easy and quick. ICICI Banks claim to provide with the customers with higher eligibility and lower EMIs in connection with Home loans.

Features of ICICI Bank home loan

The ICICI Banks provides its customers with several options on the name of Home Loans Eligibility Calculator, Home Loans EMI Calculator plus Tax Saving Calculator.

Home Loans Eligibility Calculator

Home Loans Eligibility Calculator is a way to the better calculation of eligibility of each individual for Home loans. This eligibility is calculated after considering factors, including monthly income, current age, retirement age, fixed monthly obligation, etc and this home loan eligibility check can also be considered as an indicator of your home loan affordability.

Home Loans EMI Calculator

Just another great feature by the ICICI Banks, the Home Loans EMI Calculator is a great way to the calculation or better be called as estimation of EMIs for the entire duration of your loan period. One must always remember that with lower EMIs, ICICI Bank Home Loans as provided by ICICI Banks are claimed to be the lightest on your wallet. With the facilities like lower interest rate and repayment tenure of up to 30 years, each individual is ensured a comfortable EMI during the entire loan tenure.

Tax Saving Calculator

Just another calculator, Tax Saving Calculator is a way to the saving tax on your Home loans. With this Tax Saving Calculator, save tax on your income by taking a home loan! You are also authorized to claim deductions in your income tax against principal and interest payments that you make towards repayment of your home loans.

Other features of ICICI Bank home loan – Some other features for ICICI Bank home loan are mentioned below:

ICICI Banks claims that getting a home loan through them is easy and quick and involves very less paperwork. The formalities are kept at a minimum in order to ensure speedy sanctioning of loans to the loan seekers and with the documents like Proof of identity, address and income proof are just some of the documents that are required to be submitted to the banks for home loans. An additional benefit associated with the bank, that the more reduced documentation is involved in case you are an existing customer of ICICI Bank.

Prepayment and loan sanctioning fees

Prepayment charges are zero for home loans through ICICI Banks and loan processing fees is 0.50% – 1.00% of the loan amount or Rs. 1500/- (Rs. 2000/- for Mumbai, Delhi & Bangalore), whichever is higher in addition to applicable Service Tax & Surcharge is applicable.

The ICICI Bank home loan is a very viable option for the people looking for the speedy processing of home loans and any individual looking for the better deal can look towards this bank for the best home loans offers and best interest rates.

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