Application Process for ICICI Home Loans- ICICI Home Loan Eligibility Criteria

Application Process for ICICI Home Loans
The applicant can either apply online through the website of ICICI Bank or can call the toll-free number. The bank will start the process after checking the necessary documents, the applicant's credit score, and the value of the property for which the loan is applied for. Once the loan is approved, the borrower will be notified through an SMS and an email. However, remember that you need to have the best credit score for ICICI bank home loan.
Documents Required

For salaried individuals, the following are the documents that the applicant must submit-

  • Application form with a self-attested photograph.
  • Identity, address, and age proof.
  • Last six months' bank statements.
  • Past three months' salary-slips.
  • Processing fee cheque
  • Form-16 or Income Tax Return proof.

Credit Score for ICICI Bank Home Loan

The best credit score for ICICI bank home loan is 700 and above; the higher your credit score, the lesser is the amount of interest rate you need to pay. If the credit score is over 650, banks might be willing to dispense credit; but either the applicant will be asked to make a heftier down payment, or the bank may approve a lesser amount instead of disbursing the full amount as requested by the applicant.

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