Home Loan
Home Loan for Salaried
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Home Loan Solutions That Fit Just Right
Behind every home, there’s a story of hope, ambition, and a new beginning. No matter where you are in life, at ICICI HFC, we have a home finance solution that’s just right for you.
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Digital First
Fast approvals, minimal paperwork, smart eligibility checks
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Relationship Manager
To handhold you through the process
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Quick Approvals
Sanctions made fast and easy
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Trusted ICICI Brand
Decades of trust and reliability
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Flexible Tenure
Repay for up to 30 years
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Home loan options customized for you
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Plot and Construction Loan
Fund your plot and construction to build your dream home with simple, transfer terms
Balance Transfer + Top-up Loan
Access extra funds to upgrade your home by transferring your existing loan
Home Renovation Loan
Renovate for the festive season or make space for your growing family with easy financing options
Catering to various profiles
Check Your Eligibility for an ICICI HFC Home Loan
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Criteria
Salaried
Self-Employed
Maximum Loan Amount
₹5 crore
₹5 crore
Age
21 to 60 years
23 to 70 years
Bureau Score
700+ or New to credit
700+ or New to credit
Work Experience/Vintage
Minimum 1 year in current company and 2 in total
Minimum 2 years in current business and 3 in total
Minimum Income
₹12,000+ per month
₹1.5 lakh per annum
Disclaimer: Subject to ICICI HFC internal policies
Calculate Your Loan EMI and Eligibility
EMI Calculator
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Eligibility Calculator
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EMI Cal
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Your EMI
Repayment Amount
Interest Amount
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For representation purposes only. Final values may vary subject to company policy.
Eligiblity Cal
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Eligible Loan Amount
Your EMI
Interest Amount
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Paperwork Made Digital
How the Home Loan Process Works
Step 1: Online Application
Your relationship manager guides you with applying and submitting documents digitally
Step 2: Document Verification
The system retrieves documents with your consent for verification purposes
Step 3: Income Assessment
We assess your application and conduct a Personal discussion to provide the best eligibility possible for your loan application
Step 4: Property Evaluation
Our experts conduct a thorough technical and legal verification of the property
Step 5: Approval & Sanction
Once you qualify, we process the approval and issue the loan sanction
Step 6: Disbursal
Your loan is ready! You’re one step closer to owning your home
Transparent Home Loan Charges
What Our Customers Have to Say
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Amit Anand Chavan
Thane, Maharashtra
Fantastic experience while going through my first home loan through ICICI HFC.
Parvesh
Mohali, Punjab
Time to time everything was done and the process was very good.
Delli Babu
Chennai, Tamil Nadu
All doubts were clarified during the loan process by ICICI staff.
Kumarjit K Bhattacharjee
Bangalore, Karnataka
The ICICI representative was an excellent help in the process.
Product & Loan
What types of home loans are available?
ICICI HFC offers a range of home loan options to match your needs:
- Home Loan for buying a ready or under-construction property or building a self-construction property
- Home Improvement Loan to renovate or upgrade your home
- Plot + Construction Loan to buy land and build your home
- Balance Transfer + Top-Up Loan to move your existing home loan and get extra funds
How much home loan amount can I get?
Your home loan eligibility depends on your income, Fixed Obligations to Income Ratio (FOIR), and Bureau score. A higher income and good credit history can help you get a bigger home loan amount.
What is the typical tenure for a home loan?
- Salaried applicants: Up to 30 years
- Self-employed applicants: Up to 20 years
You can choose a tenure that gives you a low EMI home loan as per your income and comfort.
Why choose ICICI HFC for a home loan?
ICICI HFC offers:
- A wide range of home loan products for different income and property types
- Options for both salaried and self-employed applicants
- Top-up facilities
- A smooth digital home loan application and quick disbursal process
Can NRIs apply for a home loan?
Yes! NRIs can apply for a home loan online for:
- Home purchase, home improvement, or plot + construction
- Balance transfer of an existing loan
- Tenure: Up to 180 months
Eligibility: Minimum 1 year of overseas experience and 2 years of total work (3 for Merchant Navy)
Eligibility & Income
How is home loan eligibility determined?
Your eligibility is based on:
- FOIR (your existing EMIs vs income)
- Bureau score (preferably 700+)
- Income type, stability, age, and work experience
- Property type and location
All these help the lender decide your home loan application amount.
How is my income evaluated for home loan eligibility?
- Salaried: Based on salary slips and bank statements
- Self-employed: Evaluated using ITR, GST returns, and business financials
- Informal income: Assessed through business profile and cash flow
This ensures your home loan eligibility matches your repayment capacity.
How does a low credit score affect my home loan eligibility?
A Bureau score below 700 may reduce your eligible loan amount or increase your interest rate. However, some home loan products are designed for “New to Credit” customers with limited credit history.
How does having other loans affect my home loan eligibility?
Existing EMIs lower your Fixed income to obligations ratio (FOIR), which can reduce your home loan eligibility. Clearing some dues before you apply for home loan can improve your eligibility.
How can a financial co-applicant help increase my home loan eligibility?
Adding a co-applicant (spouse or blood relative) combines both incomes, which can increase your disposable income and eligible home loan amount.
Documentation & Application Process
What documents are required for a home loan application?
Here’s what you’ll need when you apply for home loan online:
- PAN card
- KYC Documents: Aadhaar/Passport/Driving License/Voter ID
- Salary slips (last 3 months)
- Bank statements (last 6 months)
- ITR
- Property papers
- Co-applicant’s documents (same as applicant)
- Initial Login fee proof and Processing fee payment proof
How important is a PAN card in the home loan application process?
A PAN card is mandatory for all home loan applicants.
How do I provide documents for co-applicants?
Co-applicants must submit the same set of documents as the main applicant, including KYC documents, bank statement, income, and address proofs. This helps in processing the joint home loan application smoothly.
How is my home loan application processed after submission?
Your home loan application goes through these steps:
- Login and document collection
- Credit appraisal (Bureau, ITR, Hunter, AML, FI, RCU, PD)
- Legal and technical verification
- Loan Account Number (LAN) generation
- Disbursement via cheque or fund transfer
How are legal and technical checks done for a home loan?
- Legal check: Verifies property documents and title search
- Technical check: Includes a site visit and property appraisal
Both ensure your house loan application is safe and transparent.
How can I apply for a home loan with a family member?
You can apply for home loan online jointly with a spouse or blood relative. Their income will be considered, which may increase your loan eligibility.
Frequently Asked Questions
Still got questions? We have answered them. Select the category to explore the FAQs.
Interest, Tenure & EMIs
How does ICICI HFC determine the home loan interest rate?
Interest rates depend on:
- Type of home loan
- Income source and credit score
- Property type and location
- Loan amount and tenure
A good Bureau score and stable income can help you get the lowest EMI for housing loan.
What are fixed vs floating interest rates for home loans?
- Fixed rate: The interest rate stays constant throughout the tenure.
- Floating rate: The rate changes with market conditions.
Choosing the right option can help you enjoy a low EMI home loan over time.
How does tenure affect EMI?
A longer tenure means a lower EMI, but higher overall interest payment. Choosing a suitable tenure ensures your home loan EMI fits your monthly budget.
How can I automate EMI payments for my home loan?
You can set up eNACH with the assistance of RM at the time of loan disbursement.
Repayment & Loan Management
What is the maximum tenure available for a home loan?
You can get a home loan tenure of up to 30 years, depending on your income and age, ensuring you get the lowest EMI for home loan possible.
How can I choose a home loan tenure based on my income?
Your EMI affordability and Fixed obligations to income ratio (FOIR) help decide your tenure. A longer tenure lowers EMIs and makes your home loan easier to manage.
How does tenure affect EMI and total interest on my home loan?
- Longer tenure: Lower EMI but higher total interest paid
- Shorter tenure: Higher EMI but less total interest paid
How can I reduce my loan tenure through part-prepayment?
You can make part-prepayments anytime through the Loan Service Portal (LSP) to reduce your loan tenure or lower your EMI and save on interest.
What is the prepayment or foreclosure charge for a home loan?
There are no prepayment charges for floating-rate home loans as per RBI rules, making it easier to close your loan early.
How often can I make part-payments for my home loan?
You can make part-payments anytime using the Loan Service Portal (LSP) to reduce your EMI or tenure.
How can I track my repayment schedule and balance for my home loan?
You can easily request for your repayment schedule, and check your balance in the Loan Service Portal.
How do I change my repayment account for my home loan?
You can request to update or change your repayment bank account anytime through the Loan Service Portal.
How can I track my home loan application status online?
Use the “View My Application” portal to:
- Track your home loan status
- Complete V-KYC, pay login & processing fees, and eSign documents easily.
