ICICI Bank Home Loan in Mumbai

About ICICI Bank Home Loan in Mumbai

Mumbai is the city of dreams and it is a dream to live in own’s house in the city. The capital of Maharashtra attracts many people belonging to different cities and towns. The retail property rates of the city are increasing continuously. It becomes difficult for a middle-class person to arrange so much finance for buying a home. ICICI bank gives hopes to the customer and therefore offers a home loan. The product comes with exciting features. As a matter of fact. the bank has set up over 200 branches in the financial capital of India.

ICICI Bank Home Loan in Mumbai at a glance

The important details of ICICI Bank Home Loan Mumbai are given below.

ParticularDetails
Interest rate8.85% - 9.10%
Loan amountFrom ₹30 Lakhs to ₹5 Crore (Few Cases)
TenureUp to 30 years
Processing fee0.50 to 1% of the loan amount or ₹ 1,500 along with service taxes applicable

New Delhi, Mumbai and Bengaluru- ₹2,000
Pre-payment chargeNIL for floating rate of interest

Up to 4% on the principal amount outstanding along with applicable service taxes

Eligibility criteria for an ICICI Bank Home Loan Mumbai

The eligibility norms set by ICICI bank for a home loan are given below. Have a look at them.

  • The applicant should have attained a minimum age of 21 years when the loan amount is sanctioned
  • The age of maturity is 65 years. This means the loan has to be completely paid within the set limit of 65 years
  • Both self-employed individuals and salaried employees are eligible to apply for a home loan. They must earn a stable and regular income
  • In case, there is a co-applicant, his/her age should be at least 18 years
  • To improve loan eligibility, the applicant can add his/her spouse as a co-applicant, in case the said person is earning well

Documents needed for ICICI Bank Home Loan Mumbai

The list of the all the important documents has been given below. Check them out.

  • Completely filled application which is duly signed
  • Proof of Age- Passport/Birth certificate/ High school mark sheet
  • Identity Proof:- Aadhar card/Driving License /Passport /PAN Card/ Voters ID card
  • Photographs of passport size
  • Proof of Address- Utility Bill / Passport/Leave and License Agreement
  • Salary slip of the past three months
  • Bank statement of the last six months
  • Processing fee cheque

Some extra documents which are needed-

For Self-employed Professional:

  • Proof of existence of Business
  • Income tax returns of the last three years
  • Education qualification certificate

For Self-employed Non-Professional:

  • Education qualification certificate
  • Profit & Loss account and Audited Balance Sheet of the last three years which has been certified by a CA
  • Business Profile
  • Income tax returns of the past three years
  • Proof of existence of Business

Other documents related to property-

  • Power of Attorney Format

In case, the loan account holder dies, documents required are:

  • Letter of relinquishment
  • Request letter

For more information, please refer to Home Loan Mumbai.

Address of ICICI Bank branches in Mumbai

The complete list of ICICI bank Mumbai branches has been given below with their address, IFSC & MICR codes and contact details.

BranchAddressIFSCMICRContact details
Nariman Point215, Free Press House, Free Press Marg, Nariman point, Mumbai, Maharashtra 400021ICIC000000440022900202233667777 / 02244455000
Andheri WestSagar Avenue, Ground Floor, Opp. Shoppers Stop, S.V. Road, Andheri West, Mumbai. 400058 Maharashtra ICIC000001140022900302233667777 / 02244455000
BorivaliAbhilasha - 1, Punjabi Lane, Borivali (W), Mumbai. 400092 Maharashtra ICIC000001840022900502233667777 / 02244455000
PowaiGalleria Shopping Mall, Hiranandani Gardens, Powai, Mumbai 400076 MaharashtraICIC000002040022900402233667777 / 02244455000
GhatkoparKailash Plaza, Final Plot 355, Vallabh Baug Lane, Opp. Odeon Cinema, Ghatkopar East, Mumbai-400077 MaharashtraICIC000002640022900902233667777 / 02244455000
Dadar167 - C, Poonawadi, Dr. Ambedkar Road, Dadar, Mumbai-400014 MaharashtraICIC000003240022901002233667777 / 02244455000
BandraPlot No.206 - 221, Krystal Bldg, Waterfield Road, Bandra(West), Mumbai 400050 MaharashtraICIC000003840022901202233667777 / 02244455000
PrabhadeviGr. Flr., Kala Academy, Ravindra Natya Mandir, Prabhadevi, Mumbai 400028 Maharashtra ICIC000005740022901302233667777 / 02244455000
VashiGround Floor, Arti, Shivaji Chowk, Sector 2, Vashi, Navi Mumbai. 400703 MaharashtraICIC000015140022901502233667777 / 02244455000
MaladShivam Shopping Centre, S.V.Road, Opp. New Era Cinema, Malad (W), Mumbai. 400064 MaharashtraICIC000015840022901702233667777 / 02244455000
SantacruzGround Floor, Indraprastha, Opposite Premnarayan Indra Narayan Chowk, Linking Road, Santacruz West, Mumbai 400054 MaharashtraICIC000020940022902302233667777 / 02244455000
Vile Parle RoadKadamgiri Complex, Hanuman Road, Vile Parle East, Mumbai. 400057 MaharashtraICIC000021140022902502233667777 / 02244455000

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