New Home Loan For Self Employed

You can apply for a home loan the moment you decide to invest in a home i.e. even before you finalise a property. However, you would need to have some property documents at hand to start the process. For the list of documents you would need to submit for different types of property:

You can avail of a loan for a maximum tenure of 25 years. However, the term cannot extend beyond 60 (for salaried individuals) or 70 years of age (for self-employed individuals) or the age at which you retire, whichever is earlier. We have a team of legal and technical experts at all of our 135+ ICICI HFC branches that sit with you and help you decide the most comfortable pay-back period. When deciding the right pay-back period, consider your income, age, and existing EMIs. 

The interest on your home loan has to be paid on a monthly basis. You can choose the EMIs option, where you pay the same amount every month (EMIs are Equated Monthly Instalments). Or, you can choose the SURF option or Step Up Repayment Facility, where your monthly payments increase over time, as your income increases. The first option has the benefit that as your income increases, your monthly payments will become easier to make over time. The second option has the benefit that as your income increases, you can increase your monthly payments, and thus, reduce your overall tenure.

Our eligibility criteria are very flexible and easy to fulfil. We also require very less paperwork which helps ensure processing is faster. You can instantly find out if you are eligible with our Home Loan Eligibility Calculator. In case you are not eligible for a home loan, our team of legal and technical experts at your nearest ICICI HFC and ICICI Bank branches can inform you about many ways to improve your eligibility, so ask for help today.

Your co-applicant can be your spouse or your immediate family member. Your co-applicant must be minimum 18 years of age. Your co-applicant does not need to be employed or earning, so you can include your spouse even if they do not work. In fact, adding a woman as a co-applicant can help reduce your interest rate. In case your property has more than one owner, it is necessary that both or all the co-owners are co-applicants. Walk into your nearest ICICI HFC or ICICI Bank branch to learn more about how to add a co-applicant and why from our team of experts.

• Home Loan

We provide home loans for properties that are under construction, ready for possession, resale, to-be- constructed, and also options like refinancing on residential. You can avail of a home loan even before you have finalised the property. If you are still looking for it, we will help you find the right home for you with our ‘Property Search’ feature. 

• Apna Ghar

A home loan like no other, Apna Ghar offers affordable housing home loans to people from different backgrounds and income groups and is an extension of the government’s PMAY (Pradhan Mantri Awas Yojana). Apna Ghar offers very flexible eligibility norms that are easy to fulfill.

• Land Loan

You can avail of a land loan to buy a residential plot for constructing your home. You will need to sign a written undertaking that construction will be completed within 3 years.

• Office Premise Loan

You can avail of this loan to purchase, construct or extend your office premises. The loan amount can also include the estimate of renovation at the time of purchase of the property. However, this does not include industrial/institutional property, for example factories/ warehouses/ schools/ institutes/ colleges/ hospitals etc.

• Balance Transfer

Already been repaying a home loan for 2-3 years at an interest of rate of more than 11% p.a. If your home loan interest is at least 50 basis point higher than our, shift to ICICI HFC with our Balance Transfer facility to reduce your EMI burden, enjoy competitive interest rates and get undivided attention from our experts.

• Top-Up Loan

If you need additional financial support for reasons like child’s education or marriage, consumer durables, renovations, etc., you can get a Top-Up Loan against the security of your existing Home Loan on the same property.

• Loan Against Property

If you own a property, with this option, you can get a loan against that property at a reasonable rate of interest for a maximum tenure of 15 years. 

• Micro Loan Against Property

Micro LAP offers loans for as less as ₹ 3 lakhs, and up to ₹ 15 lakhs that can be repaid within 120 months.

• Lease Rental Discounting

If you own a commercial property and expect to earn rentals from it, you can get a loan for urgent personal needs, like your child’s education or marriage, using these rentals as security or collateral. 

Yes, we always find a way to help you. We have created an easy-to-use online home search portal called ICICI Property Search, which assists you at every step of your home buying journey. This facility helps you identify your ideal home from a curated list of verified properties, based on your needs and preferences. We also arrange site visits to shortlisted properties with our dedicated local property experts. Further on, we assist you with the legal documentation and negotiation of property prices.

This is a free-of-cost service that is offered on first-sale properties and is currently available in the following nine cities:

1. Mumbai 
2. Delhi NCR 
3. Chennai 
4. Kolkata 
5. Bengaluru 
6. Pune 
7. Lucknow
8. Hyderabad 
9. Kochi

No, one IT certificate will be issued in the name of both the applicant and co-applicant as only one certificate can be issued for a home loan according to the IT rules.

You can expect to receive your copy of the IT certificate in April or May as the final certificate is issued at the end of each financial year. However, you can request a provisional IT certificate anytime during the year.

You can provide any one of the following as identity proof:

• PAN Card
• Passport
• Voter ID Card issued by the Election Commission of India
• Proof of possession of Aadhaar Card
• Driving License
• Job Card issued by the NREGA duly signed by an officer of the State Government

If you already have a home loan but are looking for better customer service, better interest rates, and flexible terms, consider shifting to ICICI HFC. We have a balance transfer facility that will allow you to transfer your home loan to ICICI HFC with minimal effort and time. Balance transfer facility is available to resident Indians, both salaried and self-employed. 

Yes, Visit our plot loan page for more details

A major advantage of walking into your nearest ICICI HFC branch is the special offers. You can enjoy a range of offers at our branches. Our in-house experts will guide you through the benefits of each of the offers, so you can find one that truly helps you. Walk in to find the deal of the day.