50 Lakh ICICI Home Loan

In recent years, ICICI Bank has established itself as a leading financial institution. ICICI Bank’s 50 lakh home loan is one of its popular offerings. This meticulously crafted product is designed to cater to the diverse needs of aspiring homeowners, serving as a financial conduit to transform the dream of owning a home into a tangible reality. Rooted in a commitment to affordability and transparency, the ICICI Bank 50 lakh Home Loan ensures competitive interest rates and flexible repayment options. 

ICICI Bank's product is designed especially for people who want to buy or build their dream home, and it has an easy application procedure. Eligibility is open to Indian citizens meeting the fundamental criteria. Today, our discussion will comprehensively explore the details of ICICI Bank's 50 lakh home loan.

ICICI Bank 50 lakh Home Loan – Highlights

The HDFC Bank 50 lakh home loan is available on the following terms: 

50 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!

50 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 50 lakh Home Loan- Fees and Charges

Here is a quick snapshot of the fees and charges associated with a 50 lakh ICICI home loan. Take a look! 

A processing fee equivalent to 2.00% of the loan amount is imposed, in addition to the applicable 18% GST. Supplementary charges, encompassing incidental costs, document verification charges, and stamp duty charges, may be applicable.

50 lakh ICICI Bank Home Loan – Documents Required 

You will need the following documents to apply for ICICI Bank 50 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: Documents proving ownership, such as an allotment letter and a registered sales deed, are considered property papers.

50 Lakh ICICI Home Loan Eligibility Criteria

The eligibility criteria for a 50 lakh home loan are outlined as follows:

Prospective applicants can be employed in salaried positions, self-employed, or engaged in agricultural activities. Individuals must meet the qualification of being Indian residents or Non-Resident Indians (NRIs). The minimum age for eligibility to apply for a 50 lakh home loan is 18 years, with a maximum age limit of 70 years.