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ICICI Home Loan Eligibility Calculator

ICICI Bank Home Loan Eligibility

Last Updated 20th Jan 2022

Eligibility CriteriaICICI Bank Home Loan
Eligible Age of Borrower21 - 60 years
Minimum Eligible Income ₹ 25,000 and above
Work Experience for Salaried2 years
Business Stability for Self Employed5 years
Home Loan Eligibility Calculator

What is ICICI Home Loan Eligibility?

ICICI offers various home loan schemes at affordable rates to eligible customers whether salaried or self-employed. You can use an ICICI Bank home loan eligibility calculator to check your eligibility based on factors such as including monthly income, fixed monthly obligation, current age, retirement age etc.

How is ICICI Bank Home Loan Eligibility Calculated?

ICICI bank evaluates the creditworthiness of the borrower for a home loan using the set ICICI home loan eligibility criteria. For a salaried employee, the bank calculates the eligibility using current age, the organisation you are working with, retirement age etc.

ICICI Home Loan Eligibility based on Age

  • Age: Your age plays an important role in determining your eligibility and repayment capacity for a home loan. Lower your age, higher will be the time period available to repay the loan, and hence higher home loan amount eligibility. The minimum age limit to get an ICICI Bank home loan is 21 years at the time of loan commencement and the maximum age limit is 60 years. In addition, ICICI Bank offers home loans for a maximum period of 30 Years subject to the condition that the borrower’s age at the end of the tenure must not exceed 60 of tenure.

ICICI Home Loan Eligibility based on Salary

  • Net income: Your net monthly income determines how much ICICI Bank home loan EMI you are capable of paying after meeting all the living expenses based on your standard of living. For instance, if your salary is ₹ 25,000 then at an interest rate of 6.70% offered by ICICI Bank, the loan amount that you will be eligible for would be ₹ 28,36,738 to ₹ 50,36,589 depending on your age. Similarly, if your salary is ₹ 75,000, you might get eligible for a loan amount of ₹ 56,73,475 to ₹ 1,00,73,178 for the same property at the same rate depending on your age at the time of loan application. However, ICICI Bank asks for a net monthly income of ₹ 25,000 to avail a home loan.
Age Net Monthly Income (₹)
25,000 50,000 75,000
25 years50.37 Lakh75.55 Lakh1.01 Cr
30 years50.37 Lakh75.55 Lakh1.01 Cr
35 years47.26 Lakh70.88 Lakh94.51 Lakh
40 years42.91 Lakh64.37 Lakh85.82 Lakh
45 years36.84 Lakh55.26 Lakh73.68 Lakh
50 years28.37 Lakh42.55 Lakh56.73 Lakh

You may consider repaying any loans with short tenure and high EMI in order to increase your ICICI Bank home loan eligibility.

  • Nature of employment: ICICI Bank will check whether you are salaried or self-employed and the company and sector in which you are working. It also looks at your years of experience to check for job and income stability. ICICI Bank requires minimum income history and job stability of more than 2 years for salaried individuals and of 5 years for self-employed individuals.

Home Loan Eligibility ICICI Bank based on Value of Property

  • Value of property: ICICI Bank does not finance the entire property value. The maximum home loan eligibility would depend upon the value of the property as shown below:
    Property Value LTV
    Less than 30 Lakh90%
    Between 30 Lakh and 75 Lakh80%
    Above 75 Lakh75%
  • Property documents: Your property’s legal documents should be satisfactory and be cleared by the ICICI Bank's legal team.

The housing loan eligibility calculator of ICICI Bank can be a useful tool to assess your eligibility for the loan.

Minimum CIBIL Score for Home Loan Eligibility For ICICI Bank

  • CIBIL Score: ICICI considers credit score as a barometer to gauge your past credit behaviour and hence, CIBIL score becomes the most important factor to define your eligibility to get a home loan. A higher credit score increases your chances to get loan approval from ICICI However, a low CIBIL score reduces your chances to get a home loan. ICICI requires a minimum credit score of 650 to be eligible for a home loan.

ICICI Bank Home Loan Eligibility for Women

In the case of a sole woman applicant, ICICI Bank offers a concessional home loan rate of 8.20% for women borrowers, although the eligibility criteria are the same for them. In the case of a joint home loan, the woman borrower also needs to be the co-owner of the property and should have a good credit history to get the joint home loan application passed for concessional rates.

How to Use ICICI’s Home Loan Eligibility Calculator?

To check ICICI Bank home loan eligibility perform the following steps:-

  • Go to the ICICI Bank website
  • Now, click on calculate eligibility, and you will be directed to a new page.
  • Enter details like residential status, location of the property and click on ‘Proceed’.,/li>
  • Now, enter personal details like name, date of birth, phone number etc.
  • Provide income details and company details like gross and net salary, the organisation you work with- to know about the ICICI home loan eligibility.

Also, you can contact the bank by calling on their customer care number 1860-120-7777/ 1800-103-8181 .

Factors Affecting ICICI Bank Home Loan Eligibility

The eligibility for an ICICI home loan depends on multiple factors as listed below:

  • Monthly Income
  • Current Age
  • Credit History
  • Monthly Obligations
  • Retirement Age


What is the minimum salary to get a home loan from ICICI Bank?

The minimum salary required to avail home loan from ICICI Bank is ₹ 25,000 for salaried borrowers. The income criteria for self employed professionals or businessmen may vary in ICICI Bank.

Is ICICI Bank good for home loan?

The lowest interest rate provided by ICICI Bank is 6.70% which is the best rate in the market. There are no prepayment charges on the floating rate based home loan. Hence, you can consider this as a good option for a housing loan.

Does adding a co-applicant increase housing loan eligibility?

Yes, adding a co-applicant with an independent income source increases housing loan eligibility significantly. By doing so you will be able to get a higher loan amount and also both of you can save on taxes under Income Tax Act.

How is home loan eligibility calculated based on salary?

The bank uses the ICICI home loan calculator based on salary to calculate your eligibility for a home loan. To determine whether you can borrow from ICICI bank, the bank evaluates parameters such as current obligations to monthly income, debt-income ratio etc.

How much home loan can I get on a 40000 salary in ICICI Bank?

If you have a salary of Rs. 40,000 you can determine the home loan amount based on FOIR and LTV. As ICICI offers FOIR Of 0.65% and considering you do not have any other existing EMI, then, the maximum amount you can pay as EMI is ₹ 26,000 . If you take a home loan for a tenure of 10 years, then your loan amount will be ₹ 31.20 Lakh.

How will ICICI determine the home loan amount I am eligible for?

Your home loan eligibility is dependent on ICICI bank home loan eligibility criteria such as age, credit history, organisation, income etc. You can always add a co-applicant or additional sources of income to improve your ICICI home loan eligibility.

What is the maximum home loan amount I can get from ICICI Bank?

ICICI offers a maximum home loan of upto ₹ 7,00,00,000. However, the eligibility for the same depends on multiple factors such as age, monthly income, LTV, current financial obligations etc. To calculate the maximum amount that you will be eligible for you can use ICICI home loan eligibility calculator 2022.

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ICICI Home Loan News - Jan 2022
  • 2021-12-07 : ICICI Bank Partners with Flipkart to Offer Instant Overdraft Facility
    ICICI Bank has partnered with Flipkart to offer Instant Overdraft to sellers and businesses registered on the e-commerce portal for up to Rs. 25 lakh.
  • 2021-10-14 : ICICI Bank Introduces ‘Home Utsav’
    ICICI Bank has introduced the ‘Home Utsav’ offer, which is a virtual property exhibition that allows home buyers to select their dream home project by browsing through projects by sitting at home or office. A customer can also avail of benefits on a home loan like lower interest rates, special processing fees and much more.
  • 2021-10-01 : ICICI Bank Introduces Festive Bonanza Offer
    ICICI Bank has introduced a festival bonanza offer from October 1, 2021. Under the offer, a borrower can avail home loan at an interest rate of 6.70% and a processing fee starting at Rs 1100.
  • 2021-09-24 : ICICI Bank Revises Home Loan Interest Rate
    ICICI Bank has cut home loan interest to 6.70%. The lowest rate for salaried is 6.70% and self-employed is 6.80%. If a borrower has a low credit score then they will have to pay 7.40% of the principal amount.
  • 2021-07-09 : ICICI Bank Q1 Net Profit seen up 59.1% YoY to Rs. 4,136.5 crores
    Motilal Oswal has come out with its first-quarter earnings estimates for the Banks and Insurance sector. The brokerage house expects ICICI Bank to report a net profit of Rs. 4,136.5 crore up 59.1% year-on-year on all products combined including Personal Loan, Home Loan, Loan Against Property, Business Loan, Gold Loan, and Car Loan. Net Interest Income (NII) is expected to increase by 15.6% Y-o-Y to Rs. 10,731.6 crore.
*Terms and conditions apply. Credit at sole discretion of lender, which is subject to credit appraisal, eligibility check, rates, charges and terms. Information displayed is indicative and collected from public sources. Read More
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