What are ICICI Bank Home Loan Reviews?

Hey friend,

I will share with you my honest experience of dealing with ICICI bank. I went to the bank in the afternoon and spoke to the manager there. He was very polite and started to tell me about the application process and the current ICICI home loan interest rate.

 

I found out that the bank charges lower processing fees when compared to other banks. It is 0.25% of the loan amount. The bank offers different types of loans, those are Home loans, loans against property, fixed deposits, gold loans, construction finance, and residential and commercial property. You should pick the one which suits your needs. I found the customer representatives to be very helpful. They answered all my problems in a calm manner. It did not feel rushed at all. They took proper time and told me about other customer’s ICICI home loan review as well. The documentation process was easy. They had proper forms where all instructions were given. The representative sat next to me as I filled out the home loan application.

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I think the best part of a home construction loan ICICI is that the repayment option is flexible. With each EMI payment, you will get reward points that can be redeemed later. I picked the loan tenure period as twenty years. After my application form was accepted. The bank had sent officials to see the property. They varied all the details that I had shared. They conducted a thorough job. 

We have reached the end of my ICICI bank home loan review. I would recommend you give the bank a try, you will not be disappointed. I would also humbly like to remind you to check ICICI home loan interest rate online before taking a loan. You should check if the interest rate will be suitable for you in the long run.

Read more :

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What down payment mandatory for home loan ICICI Bank   

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You can also check out my home loan ICICI review. I applied for home loan in 2018 dec. the process was easy. ICICI bank agent was very helpful. He helped me out with the documentation process. I was new to all of it and had no clue but he guided me. I had to submit these documents with attested copies:

• Signed application form

• ID, address and age proof: Aadhaar card

• Bank statement for last 6 months 

• Processing fee cheque (0.50% of the loan amount)

• Form 16 and ITR report

• Education qualification certificate

• 3 years ITR

• Balance sheet -audited for last 3 years

I recently went for a home loan balance transfer with ICICI bank. I got a sales call and fortunately I didn’t hang up. I listened to the guy carefully and enquired about home loan balance transfer offers. I was lucky to grab a good deal. I started the process and got clearance from the existing bank. I had to submit a declaration and all the home loan documents from my previous bank to ICICI. Since I am self-employed, my interest rate now stands at 6.95%. I am so far satisfied with this arrangement and the best part is I have access to every information online. The system works well and doesn’t crash like others.

My experience with ICICI Bank home loan was smooth. I have seen people waiting for 3-4 months to get home loan clearance but that was not the case with me. I got the home loan approval within 28 days. The key for quick approval is to basically keep everything ready and ensure that the documents submitted are legally clear and authentic. If there is no complication, you will easily get home loan approval. Good luck if you are looking for home loan. I hope my ICICI bank home loan review helped you know what to do to get quick approval.

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I am currently in the process of finalising a home loan with ICICI Bank. I can share my ICICI Home loan review with you. So basically I chose them because of their interest rates. I have an existing account with this bank and I found the floating interest rates doable for my income. Since I applied for a home loan of Rs. 50 lakhs, the floating interest rate is Repo rate (4% at the moment) + 2.70%. You can check the other slabs for salaried borrowers below. I found them out for you.

Slab	Floating Interest rates
Up to ₹35 lacs	RR + 2.70% (6.70%) - RR + 3.15% (7.15%)
₹35 lacs to ₹75 lacs	RR + 2.70% (6.70%) - RR + 3.30% (7.30%)
Above ₹75 lacs	RR + 2.70% (6.70%) - RR + 3.40% (7.40%)

You can check out your EMI on home loan through this, [widget_homeLoan_checkEligibility_form]