home loan

Track ICICI Home Loan Application Status to Prepare Yourself

Finance

A home loan may continue up to 30 years if taken from ICICI Bank. But when you just started looking for a home loan, you are really worried whether you will get the approval or not. To track your application status and make yourself free from all doubts, you can check it online via official website of the bank.

But this is only possible if you apply for ICICI home loan which is only possible if you match the eligibility criteria which is given in this article. Here, you will find out all the basic yet important details of a housing loan offered by ICICI Bank.

ICICI Home Loans Schemes

The different types of schemes based on the requirement of borrower are mentioned-below:

  • Cashback Home Loans
  • Step Up Home Loans
  • Extra Home Loans
  • Pragati Home Loans
  • Pradhan Mantri Awas Yojana
  • Saral Rural Housing Loan

ICICI home loan EMI calculator

This tool takes into account the following details:

  • Loan amount
  • Tenure
  • Interest rate

The calculation tool would give you details of ICICI home loan EMI calculator, Total Interest Outgo, and Total Amount. Considering you are planning to take Rs. 30 lakhs for the tenure of 20 years and expecting 8.70% per annum rate of interest, your EMI per month and total interest outgo will be as follows:

Loan amount- ₹30 lakhs

Interest rate- 8.70% p.a.

Tenure- 20 years

The payment details will be as follows:

Monthly EMI- ₹26,416

Total Interest Outgo- ₹33,39,765

Total Amount (Interest + Principal)- ₹63,39,765

ICICI Home Loan Eligibility

The basic criteria for ICICI home loan is mentioned below:

  • All salaried, as well as self-employed Indians with a regular source of income
  • An applicant must be at least 21 years of age to a maximum of 65 years of age/retirement, whichever is earlier.
  • Family members such as an earning spouse can be co-applicant
  • Co-owners must be co-applicants as well.

Documents for ICICI Home Loans

The list of documents required to apply for a home loan is as follows:

For Salaried

  • Application form with duly signed photograph
  • Age, Residence & Address Proof
  • Last 6 Months Bank Statements
  • Last 3 Months Salary Slips
  • Processing Fee Cheque
  • Form 16/Income Tax Returns

For Self-employed Professional

  • Application form with duly signed photograph
  • Age, Residence & Address Proof
  • Last 6 Months Bank Statements
  • Last 3 Months Salary Slips
  • Processing Fee Cheque
  • Form 16/Income Tax Return

For Self-employed Non-Professionals

  • Application form with duly signed photograph
  • Age, Residence & Address 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

How can you check your loan application status?

You can simple login to the official website of ICICI Bank home loan page. Using your application ID and registered email ID, you can check where your application is. The point is that whether it has been processed or not can be checked.

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