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Buying a home is a dream for many individuals. A housing property is not only a high-value asset but also carries invaluable emotional significance and offers monetary assurance. It secures the financial future of you and your loved ones.
ICICI Direct understands what owning a home means to every individual. Every individual should be able to experience the joy and pride of owning a home and hence, home loans are a great way to finance a house purchase.
Applying for a Home Loan is the easiest way to realise your dream of buying a home. You can receive financing at reasonable interest rates and repay it as per your affordability in Equated Monthly Installments (EMI). You can apply for a Loan by visiting the nearest bank branch or online.
If you’re looking to buy that house of your choice or wish to build it from the ground up, it’s time to take action now. With a wide range of home loan solutions available to you at attractive interest rates, invest in building a future without restraints. Take advantage of our quick processing, flexible tenures and easy repayment options and select the right loan of your choice.
Avail a significant amount
By applying for a Home Loan you avail a significant amount and finance your house purchase easily. The maximum loan amount offered varies for each bank. It is also influenced by your personal profile. Your repayment capacity, credit score, and property value are key deciders in your loan eligibility and its subsequent offering.
Competitive interest rates
You can avail the loan amount at competitive interest rates. This ensures your dream of buying a house, does not lead you to be feeling burdened with high-interest liabilities. The interest rate again varies based on your profile. A solid financial profile and excellent credit score are a must to negotiate for the best interest rates.
Flexible repayment terms
You repay your loan amount in equal monthly instalments which makes it easier for you to plan your finances hassle-free. Choose a suitable tenure considering your affordability.
Quick disbursal
You do not have to wait for several days to be able to start living in your dream home. Once you have completed the application process, met the eligibility criteria, and had your documents verified, your loan request is approved in no time. Furthermore, on approval, the loan amount is disbursed within the shortest possible time frame.
| Emi Savings | Total Interest Savings | Total Payment Savings | |
|---|---|---|---|
| Existing Loan | |||
| Balance Transfer Loan |
Lower your loan repayments by making the smart choice. Use ICICI Direct to transfer your existing home loan,
Customers with an existing home loan, home improvement loan or a home extension loan can apply for a top-up
Loans for enhancing your home in many ways, such as tiling and flooring, internal or external plaster, and painting.
Loans to extend or add space to your homes, such as constructing additional rooms.
When you own a plot of land, you can build a home that is uniquely yours
You can apply for a Top Up Loan after 12 months of the final disbursement of your existing Home Loan and upon possession/completion of the existing financed property or on the basis of last 12 months track record of the Top Up Loan being refinanced from another institution, subject to possession/completion of the property. The tenure of the loan is also dependent on the customer’s profile, age of customer at maturity of loan, age of property at loan maturity, depending upon the specific repayment scheme as may be opted and any other terms which may be applicable based on prevalent norms.
Features & Benefits
We will determine your Home Loan Eligibility largely by your income and repayment capacity. Other important factors include your age, qualification, number of dependents, your spouse's income (if any), assets & liabilities, savings history and the stability & continuity of occupation.
EMI refers to the ‘Equated Monthly Installment’ which is the amount you will pay to us on a specific date of each month till the loan is repaid in full. The EMI comprises of the principal and interest components which are structured in a way that in the initial years of your loan, the interest component is much larger than the principal component, while towards the latter half of the loan, the principal component is much larger.
You can apply for a Home Loan at any time once you have decided to purchase or construct a property, even if you have not selected the property or the construction has not commenced.
Yes, you can avail an additional Top Up loan.
Interest rates applicable on Balance Transfer loans do not differ from the interest rates of home loans.
EMI refers to the ‘Equated Monthly Installment’ which is the amount you will pay to us on a specific date of each month till the loan is repaid in full. The EMI comprises of the principal and interest components which are structured in a way that in the initial years of your loan, the interest component is much larger than the principal component, while towards the latter half of the loan, the principal component is much larger.
