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
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
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.
| Eligibility Type | 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 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 Approval process
Types of Home Loans
New Home Loan
Planning to buy a new home? You can get a home loan for an under-construction property, ready-for-possession property, builder property or a resale property.
Apna Ghar Home Loan
Looking for an affordable housing scheme? Apna Ghar Home Loan can give you the opportunity to become a homeowner.
Plot Loan
Looking to buy a plot of land today to construct your dream home? Apply for a Plot Loan.
Home Extension Loan
Wish to add more space to your existing home? Don’t worry. Avail our Home Extension Loan.
Home Improvement Loan
Want to upgrade your home with repairs and renovations? Apply for our Home Improvement Loan.
Home Loan Balance Transfer
Wish to switch your existing Home Loan? You have come at the right place. Avail lower a rate of interest. Apply for a Balance Transfer today*
