20 Lakh ICICI Home Loan

In recent years, ICICI Bank has solidified its position as a premier financial institution, guiding individuals through the significant journey of homeownership via its 20 lakh home loan offering. Meticulously designed to cater to the diverse needs of aspiring homeowners, ICICI Bank's home loan serves as a financial conduit to turn the dream of owning a home into a tangible reality. Anchored in a commitment to affordability and transparency, this product ensures competitive interest rates and adaptable repayment options. Specifically tailored for those looking to acquire or construct their ideal residence, ICICI Bank's 20 lakh home loan boasts a streamlined application process. Eligibility is extended to Indian citizens meeting the fundamental criteria. Today, our discussion will comprehensively explore the details of ICICI Bank's 20 lakh home loan.

ICICI Bank 20 lakh Home Loan – Highlights

The HDFC Bank 20 lakh home loan is available on the following terms: 

20 lakh Home Loan EMI for 10 Years ICICI Bank

Here is the rundown of the ICICI Bank home loan interest rate EMI for 10 years. Take a look!

20 lakh Home Loan EMI for 20 Years ICICI Bank

The following is the ICICI Bank home loan interest rate EMI for 20 years. 

ICICI Bank 20 lakh Home Loan- Fees and Charges

Following are the fees and charges associated with a 20 lakh ICICI home loan. Take a look! 

• A processing fee of 2.00% of the loan amount is levied, accompanied by the applicable 18% GST. 
• Additional charges, including incidental costs, document verification charges, and stamp duty charges, may apply.

20 lakh ICICI Bank Home Loan – Documents Required

You will need the following documents to apply for an ICICI Bank 20 lakh home loan. 

• Mandatory Documents: The applicant will need to submit a complete loan application along with a PAN Card
• KYC Documents Required: ID Proof (Aadhar Card/ Voter’s ID), Residence proof (Utility Bills/ Aadhar Card)
• For Income Proof: As income proof, the applicant will need to provide the last 3 months’ salary receipts, the last 2 years’ balance sheet and P&L account, the last 2 years’ income tax returns, etc.
• For Property Papers: Registered sales deed, an allotment letter, and other documents showcasing ownership.

20 lakh Home Loan Eligibility ICICI Bank

The eligibility criteria for a 20 lakh home loan are as follows:

Potential applicants may be employed in salaried positions, self-employed, or involved in agricultural activities. Individuals must qualify as Indian residents or Non-Resident Indians (NRIs). The minimum age for eligibility to apply for a 20 lakh home loan is 18 years, with a maximum age limit of 70 years.