ICICI Home Loan for Government Employees

ICICI Bank offers central and state government employees affordable home loans. The ICICI Home Loan for Government Employees assists with purchasing or constructing a new home or refinancing an existing loan. Any eligible borrower can comfortably apply for the loan via offline and online applications. The interest rate starts from 9% per annum. From residential to commercial lots in urban and rural settings, government employees can readily fund their dream homes using ICICI Bank’s reliable home loans.

Get in Touch for Home Loan Expert Advice
Connect with our Home Loan Advisor Now!
  • Personalized Home Loan solutions
  • Expert guidance
  • Application assistance
  • Credit score discussion
  • Home Loan Interest rate comparison
+91
Choose City

Written By
Hepson Franklin
Hepson Franklin
Hepson Franklin is a seasoned financial expert and accomplished writer specialising in Financial Services, Investments, Loan Assessments, Mutual Funds, Banking & loan products. With a wealth of experience in the financial industry, he has established himself as a trusted voice, providing invaluable insights and guidance to both seasoned investors and those new to the world of finance. With a comprehensive understanding of the intricate facets of the financial landscape, he is dedicated to demystifying complex financial concepts for readers of all backgrounds.
Reviewed By
Amit Prakash Singh
Amit Prakash Singh
Co-Founder, Square Yards & Chief Business Officer, Urban Money
Amit Prakash Singh is the Chief Business Officer at Urban Money. With over nine years of experience at Square Capital, he has played a crucial role in establishing it as one of India's premier loan advisory services. Amit's deep financial insights and extensive knowledge have driven significant business growth and strategic advancements. He has successfully built and managed large sales teams, optimised costs, and created leaders within the industry. Amit's financial expertise and strategic vision are key to the ongoing success and expansion of Square Yards and Urban Money.

ICICI Home Loan for Government Employees – Highlights

Here is a brief rundown of the ICIC Home Loan for Government Employees scheme. 

Interest Rate Starting from 9.00 % p.a
Maximum loan amount  Up to 80% of the property’s value
Loan tenure 5 years to 30 years
Maximum Loan-to-Value Ratio (LTV) Upto 80% of the property’s value
Security Mortgage of the concerned property

ICICI Home Loan for Government Employees – Fees and Charges 

Applicants must know the following ICICI Home Loan for Government Employees fees and charges. 

Fee/Charge Amount
Login Fee Rs 3000 + 18% GST
Processing Fee 2% of the loan amount + GST
Late Payment Fees Rs. 500/-plus applicable taxes and other statutory levies, if any.
Prepayment Charges 2% + GST for fixed rate; Nil for floating rate

ICICI Home Loan for Government Employees – Documents Required

When applying for an ICICI Bank Home Loan as a government employee, you’ll need to submit crucial documents. This includes a completed application form with your signature and identity and residence proof such as Aadhaar Card, PAN Card, Voter ID Card, and any government-issued ID or job card. You’ll also need to provide income proof comprising the last 2 months’ salary slips, the latest Form 16, and a three-month bank statement.

ICICI Home Loan for Government Employees – Eligibility Criteria

This opportunity is open to individuals who are permanent or confirmed government employees, including retirees from government service. Applicants typically fall within the age bracket of 20 to 70 years when the loan matures.

Bank Wise Home Loan Interest Rate

Urban Money