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Make your homeownership dream a reality with an ICICI Bank Home Loan. With its online application process and minimal documentation, your dream home is closer than ever. Enjoy the benefit of instant sanction and a special processing fee*.
Instant Home Loan has an instant sanction for only select customers. To get this, you need to generate a Home Loan sanction letter online in just a few clicks. The sanction letter will be valid for a period of 6 months from the date of generation.
Is it mandatory to identify a property before generating the sanction letter?
You can generate the sanction letter even if a property is not identified. Since the letter has a validity of 6 months, you need to identify a property within this period.
I need a higher loan amount than the amount displayed. How do I apply for a higher amount?
If you need a higher loan amount, you need to add the income of spouse or other blood relatives which is acceptable as per ICICI Bank (or any other additional sources of income such as rental/agricultural/dividend income). For a loan amount higher than the amount offered, you can apply for the same on Express Home Loan.
After getting the instant Home Loan sanction, do I need to submit any documents at the time of disbursement?
Yes. You are required to submit the following documents at the time of the disbursement:
Property documents of the proposed property
Disbursement documentation (our executives/branch sales managers will assist you)
Any other document as per the conditions mentioned in your sanction letter or as per the property identified.
If I reduce the tenure, what will be the effect on the Home Loan amount?
If you reduce the existing tenure, your loan amount will get reduced accordingly, so that the overall Equated Monthly Instalment (EMI) remains the same.
