What are the Documents Required for Home Loan in ICICI Bank?

My sister bought a new house on a home loan. As we didn’t know the process of applying for a home loan, we contacted one of our distant relatives who happens to be a bank employee in ICICI Bank. He guided us through what all are the documents required for home loan in ICICI bank. He told us that the documents required for loan applicants depend upon the category which we belong to. The category are as follows:

• Salaried

• Self Employed Professional

• Self Employed Non-Professional

What are the Documents Required for Home Loan from ICICI Bank?

As my sister was falling under the category of a self employed non professional, we were informed that the ICICI bank home loan list of documents for this category are as follows,

• Application form with photograph duly signed

• Identity, residence and age proof

• Last 6 month’s bank statement

• Processing fee cheque

• Form 16/ Income Tax Returns

• Proof of Business existence

• Business Profile

• Last 3 years Income Tax Returns with computation of Income

• Last three year’s CA Certified / Audited Balance Sheet and Profit & Loss Account

So, these are the ICICI Home Loan required documents which were informed to us by our relative. 

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What are the Documents for Home Loan ICICI by Employment Type?

Documents Required for Home Loan in ICICI Bank For Salaried Individuals:

• Aadhar Card, Passport, Voter ID, or any other identity document issued by the government
• For proof of address, use utility bills, a passport, an Aadhar card, or a voter ID.
• Form 16, three months' worth of pay slips, and six months' of bank statements
• Title deed, approved building plan, sale deed and further occupancy documents
• Current passport-size photos
• Duly filled and signed loan application form

ICICI Bank Loan Required Documents For Self-Employed Individuals:

• Aadhar Card, Passport, Voter ID, or any other identity document issued by the government
• For proof of address, use utility bills, a passport, an Aadhar card, or a voter ID.
• Balance sheets and profit and loss statements from the last two years' audited financial records. ITR paperwork will also be necessary.
• Trade licences, partnership agreements, GST registration documents, SEBI registration certificates, and ROC registration certificates
• Statements from banks for the previous six months
• Current passport-size photos
• Duly filled and signed loan application form.

Documents Required for Applying Home Loan in ICICI Bank Post Loan Closure:

• Form of Power of Attorney for obtaining original property records
• In case the owner of the loan account passes away:
• Request letter for property document handover from the Legal Heir/Claimant/Nominee(s)
• A letter of relinquishment for the purpose of giving up the right (legal heir/nominee) to receive property documents in favour of the surviving owners/legal heirs.