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Instant Home Loan Sanction, is a pre-approved Home Loan exclusively for customers who have a Salary Account with us.
You can avail of pre-approved Home Loan through ICICI Bank Internet Banking and generate your Home Loan sanction letter in just a few clicks.
View & Click on Pre-Approved Offer | Pay Processing Fee | Download Sanction Letter
In case you have already taken Pre approved home loan sanction click here to proceed for disbursement.
Watch the video to find out how to avail your ICICI Bank pre-approved Home Loan offer.
Watch the video to find out how to avail your ICICI Bank Instant Home Loan
Exclusive Pre-Approved offer only for Select /Premium customers
Home Loan sanction in a few clicks
No documents required at the time of loan sanction
Exclusive offer for top corporates
Pre-approved Home Loan offers are generated for customers having a Salary Account with ICICI Bank and the loan amount is based on the salary credits appearing in the bank account.
No, the instant Home Loan sanction is available only for customers having a Salary Account with ICICI Bank and pre-approved Home Loan offers.
The sanction letter is valid for a period of 6 months, during which you can avail of the disbursement.
The maximum loan amount is based on your salary credit to your account and your existing obligations. The loan amount will be displayed when you log in to Internet Banking to avail of the offer. The maximum loan which can be availed of under the pre-approved Home Loan is Rs 3 crore.
The maximum tenure that can be availed of is 30 years. However, the offer tenure based on your age will be displayed on the offer page. You can reduce the tenure if required but cannot increase it beyond the offer tenure.
If you need a higher loan amount, you need to add the income of spouse or other blood relatives which are acceptable as per ICICI Bank. For a loan amount higher than the pre-approved offer amount, you can visit the nearest branch or contact your Relationship Manager as per the pre-approved sanction letter.
Yes. The following documents will be required to be submitted at the time of availing of the disbursement:
- Property documents of the proposed property
- Disbursement documentation (our executives/ branch sales managers will assist you)
- Documents of co-applicant
- Any other document as per the conditions mentioned in your sanction letter or as per the property identified
In case you reduce the offer tenure, your loan offer amount will get reduced according to the tenure so that the overall Equated Monthly Instalment (EMI) remains same.
Example: If your offer amount is Rs 1 crore and offer tenure is 30 years at ROI of 9%. The maximum EMI you can pay is Rs 80,460.
Suppose you reduce the tenure to 20 years. Now, since the maximum offer EMI is Rs 80,460, the revised loan amount will be computed at an EMI for Rs 80,460 but for a tenure of 20 years which comes to Rs 89.42 lakh.
So, the slider value for loan amount will reduce from Rs 1 crore to Rs 89.42 lakh when you reduce the tenure from 30 years to 20 years.
If you increase the tenure slider back to 30 years, the loan amount will be reset to the offer amount of Rs 1 crore.
Need Assistance?
Leave your details or give missed call to below number and we will get back to you
Missed call number 9022499400
Email us : customer.care@icicibank.com
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