Introduction

At ICICI HFC, we believe that nothing should come between you and your dream of owning a home. Our home loans are meant to serve your every need, whether you are looking to purchase a piece of land, construct, buy, or renovate a home. Also, our flexible eligibility norms and basic document requirements ensure that your home loan application is processed quickly.

You can choose from our wide range of home loan products as per your need and benefit from a host of features like longer repayment period, smaller EMIs, and a loan amount starting from ₹ 3 lakh.

What’s more, you can transfer your existing home loan balance at a lower rate of interest and reduce your EMI burden.

Key features

PMAY subsidy benefit upto ₹ 2.67 lakh
PMAY subsidy benefit upto ₹ 2.67 lakh
Loans starting from ₹ 3 lakh
Loans starting from ₹ 3 lakh
Longer repayment tenure
Longer repayment tenure
Smaller EMIs
Smaller EMIs
Simple documentation
Simple documentation
Flexible eligibility norms
Flexible eligibility norms
Balance transfer facility
Balance transfer facility
Faster processing
Faster processing
Pleasant and hassle-free experience
Pleasant and hassle-free experience
Support at every step
Support at every step
PMAY subsidy benefit upto ₹ 2.67 lakh
Loans starting from ₹ 3 lakh
Longer repayment tenure
Smaller EMIs
Simple documentation
Flexible eligibility norms
Balance transfer facility
Faster processing
Pleasant and hassle-free experience
Support at every step

Eligibility Criteria for Home Loan

Getting a home loan is easier with ICICI HFC due to our flexible eligibility norms and minimal document requirements. Even if you don’t have formal income proof documents like ITR but, have a good history of repaying loans, you can still avail our Home Loan.

You can increase your eligibility by adding a co-applicant like your spouse or any immediate family member.

  Salaried Individuals

Self-employed individuals

Nationality Indian, residing in India and Non-Resident Indian Indian, residing in India

Age

(Primary applicant)

23 to 60 years, for resident Indians and 25 to 60 years, for NRIs 28 to 70 years
Minimum income ₹ 12,000 p.m. ₹ 1.5 lakh p.a. (Profit After Tax)
Age (Co-applicant) 18 to 65 years 18 to 65 years
Loan Amount ₹ 3 lakh – ₹ 5 crore ₹ 3 lakh – ₹ 5 crore

 

Tax Benefits 

You can avail tax benefits on your housing loan on the interest and principal amount repayments.

 

Tax benefits on interest repayment

  • You can claim interest paid on housing loan as a deduction from gross total income annum under section 24 of the Income Tax Act. The maximum amount of interest which can be claimed as deduction is currently ₹ 2 lakh. If you are buying a home under affordable housing scheme you can claim a deduction of upto ₹ 3.5 lakh on the interest paid.
  • Tax benefits on principal repayment
  • Under section 80C of the Income Tax Act, you get a deduction for the principal loan amount repaid up to ₹ 1.5 lakh a year.

Documents Required

Document type

Salaried Individuals

Self-employed individuals

KYC Documents (Address proof, Identity proof)

Yes

Yes

PAN Card

Yes

Yes (Self and Business)

Office Address Proof

No

Utility Bills (Last 3 months)

Home Loan Calculators