Check ICICI Home Loan Eligibility Criteria Easily with MyMudra

Eligibility & Documentation

ICICI Bank Home loan can help you raise capital to help your immediate needs. Several factors determine eligibility for a home loan, including monthly income, fixed monthly obligations, age, and retirement age. An indication of your home loan affordability can also be your home loan eligibility.

ICICI Bank Home Loan Eligibility Criteria

	Salaried Individuals	Self-Employed Individuals	Business / Company
Entitled Borrowers	Government / Semi government / PSU / Private/MNCs/ Proprietorship/Partnership businesses	Proprietor / Partners / Directors	Partnership or Private Limited firms engaged in Manufacturing, Servicing, or Trading
		Self Employed Professionals such as Chartered Accountants, Company Secretary & Doctors
Age	The person should be 21years old at the time of loan application and his maximum age should be 70 years	Applicant must be a minimum of 23 years of age at the time of application and should be a maximum of 70 years at loan maturity.	Proprietor / Key Partner / Main Director must be a minimum of 25 years at the time of loan application and should be a maximum of 70 years at loan maturity.
Experience / vintage	1 year of overall experience and 2 months with the present employer.	· Must be running the same business for the last 3 years · Professionals with qualification of CA / CS/doctor with a minimum of 1 year of practice.	Business stability/history of minimum 3 years in the same business.
Income	Net monthly in-hand salary should be Rs.25,000	Gross annual income should be a minimum of Rs.3 lakh	Annual turnover should be a minimum of Rs.10 lakh
Citizenship	Individuals with Indian citizenship	Individuals with Indian citizenship	Proprietor / Partners / Directors with Indian citizenship

Documents Required To Avail ICICI Home Loan

	Salaried Individuals	Self-Employed Individuals	Firm / Company
Identity Documents	· Aadhaar Card · Passport · Voter's ID Card · PAN Card · Driving License	· Aadhaar Card · Passport · Voter's ID Card · PAN Card · Driving License	· Firm/Company PAN Card, GST Registration Certificate (If applicable), and Other Applicable Registration · KYC of Partners / Directors PAN Card and Aadhaar Card · PAN Card
Address proof	· The electricity bill for owned premises · Rent agreement for Rented premises · Passport	· The electricity bill for owned premises · Rent agreement for Rented premises · Passport	· The electricity bill for owned premises · Rent agreement for Rented premises · Passport for Partner / Directors
Income Proof	· Last 3 month’s salary slip · Form 16	· Form 16 · Income Tax Returns along with computation for the latest 2 years · Profit/Loss statement and balance sheet for the latest 2 years	· Form 16 · Income Tax Returns along with computation for the latest 2 years · Profit/Loss statement and balance sheet for the latest 2 years · GST Returns
Business / Employment proof			· Partnership deed · No encumbrance documents · Previous chain of documents from the earlier owner(if any property approval plan)
Bank Account Statement	Salary credit bank account statement of latest 6 months	Operative bank account statement for the latest 6 months	Operative bank account statement for the latest 6 months
Other document	· Application with photograph duly signed · Education qualification certificate · Processing fee cheque. · Power of Attorney · Request letter · Letter of relinquishment

*The aforementioned list of documents for an ICICI Home Loan is general. Extra documents may be needed at the time of loan processing.

How to improve your ICICI Bank Home Loan Eligibility?

Follow these tips to improve your ICICI Bank Home Loan Eligibility –

Get Rid of Debts

Maintain a good repayment history by paying off your existing loans and liabilities on time without defaulting

Maintain a good CIBIL Score

Try to build a CIBIL score above 750

Do not apply for multiple loans simultaneously

Apply for a loan that fits your needs, raising multiple loan applications can decrease your credit worthiness

Choose a longer loan tenure

Opt for a longer repayment tenure that will allow you to disburse the overall due amount over a longer time span. This will also help in reducing the EMI amount.

Add Co-applicants

A co-borrower (a spouse, or parent) with a good income and credit score will boost your eligibility for a bigger loan amount.

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New Delhi

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Delhi

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Mumbai

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Delhi

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Delhi

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New Delhi

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Mumbai

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Lucknow

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Hyderabad

I wanted quick fund disbursal and one of my friends suggested me to apply for a personal loan from My Mudra. He had a great experience. I agree with him. The application and approval process were smooth. They offer fast money transfers to my bank. I was asked to choose the repayment period. I am happy with the services. Their agents are also polite and helpful.

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Delhi

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At My Mudra, we offer specialized real estate loans based on your needs. So, whether you're employed by a company, on your own, or in an SME, rest confident that we have a product for you. Every customer enjoys a hassle-free experience thanks to our simplified procedure and low documentation requirements.
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If you are looking to buy a new home or want to invest in property, our home loans at My Mudra are available at attractive rates. Applying for a home loan at My Mudra is very simple and quick. Moreover, our faster loan processing system ensures that you fulfill your dream of buying a new home as soon as possible.
Whether you are salaried or self-employed, you can avail a home loan with competitive interest rates for the purchase of row houses, bungalows, flats, and even plots.
At My Mudra, we are poised to become your most trusted financial service partner across all times in life and business. We believe that life is uncertain and money is an essential part of our lives so we don’t leave a single stone unturned to provide the best financial support to both people and businesses.

Doctor Loan

When a Doctor wants to set up a clinic, he then needs to invest in the medical infrastructure to establish his private facility heavily. It can be a simple clinic, a nursing home, or a pathology center. Be it anything, each of them requires a pricey investment. Running a medical facility requires the best equipment, infrastructure, support staff, etc., at the doctor's disposal. Of course, a Doctor can avail of a business loan or personal loan to finance the purchase of medical equipment or upgrade the infrastructure. Still, MyMudra can offer these esteemed medical professionals a better financial instrument exclusively for them. MyMudra terms this fund as Doctor's Loan. MyMudra offers this customized, collateral-free Doctor loan to medical practitioners at a nominal interest rate. We do not define the end purpose for such funds so the doctors can use them for professional and personal purposes..

CA Loan

We all are aware of the prestige of a Chartered Accountant in India. After churning hard in life, they become competent in delivering legal and accounting services to their clients. But to dispense their services to the businesses, they must invest in constructing new office premises, which requires heavy investment. For this purpose, MyMudra provides a specialized loan exclusively for Chartered Accountants, known as a CA loan. To build an office space, secure working capital, and fund costs of furnishing and fixture of equipment, a MyMudra CA loan is the answer for you. These loans for chartered accountants are no-collateral loans. There can be many reasons for which you can avail of CA loans, such as the purchase of equipment, business expansion, construction of the business premises, renovation, and other business requirements.

Micro Loan

If you're a small or medium business owner, getting a bank loan can be tricky. Since the small business owner can not guarantee bank in terms of loan repayment, this makes it challenging for small business entities to procure the needed fund. For this, MyMudra offers a specialized loan for your requirement, i.e., Micro Loan. By getting the MyMudra Micro Loan, you can quickly get funds for your next big idea or to maintain business operations. These small business loans are readily available from our website. Also, the applicant can qualify whether your business is a sole proprietorship, an LLC in your garage, or a smaller corporation.

Eligibility & Documentation

How to improve your ICICI Bank Home Loan Eligibility?

Get Rid of Debts

Maintain a good CIBIL Score

Do not apply for multiple loans simultaneously

Choose a longer loan tenure

Add Co-applicants

Here's what our customer have been saying about us

kajal

karan Kumar

Hina Beg

Pawan Prabhat

Sonia Sharma

Rishab Verma

Mona

Vijay K

Ajay R

Raunak Batra

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