40 Lakh ICICI Home Loan

ICICI Bank positions itself as a dependable banking option with its 40 lakh home loan, dedicated to empowering customers on their homeownership journey. Whether you're a first-time homebuyer or seeking to enhance your living space, ICICI Bank's 40 lakh home loan is crafted to fulfil diverse housing needs. As a prominent name in the banking sector, ICICI Bank introduces a comprehensive and flexible home financing solution, precisely tailored to meet the distinctive requirements of individuals and families. 

The 40 lakh ICICI Bank Home Loan not only provides a substantial loan amount but also presents competitive interest rates, convenient repayment options, and a simplified application process, ensuring a seamless experience for prospective homeowners.

ICICI Bank 40 Lakh Home Loan – Highlights

Here is a quick rundown of the ICICI Bank 40 Lakh Home Loan. Take a look! 

40 Lakh Home Loan EMI for 10 Years ICICI Bank

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

40 Lakh Home Loan EMI for 20 Years ICICI Bank

Here is a quick snapshot of the ICICI Bank home loan interest rate for EMI for 20 years. 

ICICI Bank 40 Lakh Home Loan- Fees and Charges

Following are the fees and charges for a 40 lakh ICICI home loan. 

• The applicant will need to pay a processing fee of up to 2.00% of the loan amount plus GST. 
• 18% GST will be applicable. 
• The applicant may need to pay additional charges like incidental costs, document verification charges, and stamp duty charges. 

40 lakh ICICI Bank Home Loan – Documents Required

The following loan documents will be required to apply for ICICI Bank 40 Lakh Home Loan. 

• Mandatory Documents: Loan Application, PAN Card
• KYC Documents: ID Proof (Aadhar Card/ Voter’s ID), Residence proof (Utility Bills/ Aadhar Card)
• Income Proof: Last 3 months’ salary receipts, Last 2 years’ Balance Sheet and P&L account, and Last 2 years’ income tax returns, etc.
• Property Papers: Registered sales deed, Allotment letter, and Other documents showcasing ownership

40 Lakh ICICI Home Loan Eligibility Criteria

Following is the eligibility criteria for a 40 lakh home loan. 

• Applicants can be salaried, self-employed, or engaged in agriculture. 
• They must be Indian residents or NRIs. 
• The minimum age requirement to apply for a 40 lakh home loan is 18 years, and the maximum age limit is 70 years.