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ICICI Instant Home Loan

Apply for Instant Home Loan ICICI

Last Updated 18th Oct 2021

  • ICICI Instant Home Loan is offered to salary account holders of ICICI Bank.
  • You can avail this loan if you need to buy a plot, flat, constructed house or renovate a house of up to ₹ 3,00,00,000.
  • This loan is available at a competitive interest rate to salary account holders; special charges are offered to top corporates.
  • There is no requirement for documents; you will only need property documents once.
  • There are several ways to apply for ICICI Bank instant home loans: offline, online, or through a marketplace like MyLoanCare.
Apply for Home Loan @ 6.50%* Get upto ₹ 1,000* Cashback

What is ICICI Instant Home Loan?

ICICI Bank is one of the leading private banks of India which offers various financial products to the customers. To meet customers' home loan needs for up to ₹ 3 Cr, the bank offers a home loan scheme called ICICI Instant Home Loan. This loan scheme is primarily for individuals who have a salary account in ICICI Bank. ICICI Instant home loan is a pre-approved home loan offered at a lower interest rate of 8.95% the loan gets disbursed within a few hours just by one click.

Features and Benefits of ICICI Instant Home Loan

Insta home loan ICICI has a plethora of benefits and features as listed below:

  • Pre-approved Offer: ICICI Insta home loan is offered to privileged people or premium customers.
  • Special Offer: The lender offers special processing fees to the top corporate customers.
  • Quick Disbursal: Availing ICICI Instant Home Loan is easy; it is done in a few minutes with just one click.
  • Minimal Documentation: As you are already a ICICI Bank customer, you are not required to submit any extra documents if you want a home loan.
  • Flexible Tenure: You can repay the home loan by opting for flexible tenure. The tenure of ICICI bank instant home loan ranges between 5 years to 20 years.

What are the Interest Rates of ICICI Bank Instant Home Loan?

Loan AmountInterest Rates
Upto ₹ 25 Lakh8.95%
Upto ₹ 75 Lakh9.20%
Upto ₹ 5 Cr9.25%
Upto ₹ 1 Cr9.25%

What are the Eligibility Criteria for Instant Home Loan ICICI?

Following is the criterion which is required to avail ICICI Insta home loan:-

  • Indian Citizen
  • Salary account holders of ICICI Bank
  • Salaried and ICICI employees can avail of this loan

Documents Required for ICICI Instant Home Loan

When you apply for this loan, you are not asked to submit any documents, but after ICICI instant home loan sanction following documents are needed:-

  • Property documents of the property
  • Disbursement documents
  • Any other documents mentioned in the sanction letter

How to Apply for an ICICI Instant Home Loan?

You can apply for an ICICI instant home loan by visiting the nearest ICICI branch or the official website of ICICI Bank. You can also apply with us at MyLoanCare for best offers and cashback. Here is a step by step guide to apply:-

  • Step 1: Fill the home loan application form
  • Step 2: Fill in required information like name, income, loan amount required, phone number, residence.
  • Step 3: Click on ’Get Quote’
  • Step 4: Enter the OTP which you have received on the entered mobile number
  • Step 5: Click on ‘Submit’
  • Step 6: Now, fill in more information about existing loans, any credit cards etc.
  • Step 7: Now click on ‘Apply Now’
  • Step 8: If you are eligible for this loan, then the bank will show you an offer.
  • Step 9: To help with the further process, the MyLoanCare executive will call you.


What is the Processing Fees on ICICI Bank Instant Home Loan?

The processing fees charged by ICICI Bank for Instant home loan is 0.25%+tax.

What are the Prepayment charges on Instant Home Loan ICICI?

There are no prepayment charges on instant home loans of ICICI Bank. Therefore, you can pay back the loan anytime you want.

What is the Minimum Tenure for ICICI Bank Instant Home Loan?

You can avail of ICICI Bank instant home loan for a minimum 5 years. However, choose the tenure wisely because it does affect your EMI.

Are There Any Tax Benefits on ICICI Instant Home Loan?

Yes, you can avail of tax benefits on ICICI instant loan. Save up to Rs 2.5 lakh under various sections of the Income Tax Act on interest amount and principal amount paid.

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Home Loan News - Oct 2021
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    Indian private sector bank, Axis Bank has revised home loan balance transfer rates. Now, the lender is offering a rate of 6.60%, earlier the rate was 6.90%. Also, processing fees are decreased to Rs 2021+GST.
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    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.
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