ICICI Bank brings a Home
Loan with dual advantage

	Check your home loan eligibility online

	Apply online and get immediate provisional approval

	Avail special offer on interest rate and processing fee

	Flexible repayment options

	Simplified documentation

	Insurance options for your home loan at attractive premiums

For loan sanction

Salaried Customers	Self Employed Professional	Self Employed Non Professional
Application form with photograph duly signed by all applicants	Application form with photograph duly signed by all applicants	Application form with photograph duly signed by all applicants
Identity, residence and age proof	Identity, residence and age proof	Identity, residence and age proof
PAN card copy of the main applicant	PAN card copy of the main applicant	PAN card copy of the main applicant
Last 3 months Salary-slips	Education qualification certificate and proof of business existence	Proof of business existence
Form 16 / Income Tax Returns	Last 3 years Income Tax Returns with computation of Income	Business profile
Last 6 months bank statements	Last 3 years CA Certified / Audited Balance Sheet and Profit & Loss Account	Last 3 years Income Tax Returns with computation of Income
Last 6 months bank statements		Last 3 years CA Certified / Audited Balance Sheet and Profit & Loss Account
Processing fee cheque	Last 6 months bank statements	Last 6 months bank statements (self and business)
Processing fee cheque	Processing fee cheque	Processing fee cheque

ICICI bank offers attractive interest rate and fee to all our customers. All ICICI bank floating rate home loan is benchmarked to I-Base.

Pricing for home loans, land loans and pre-approved topup

Floating Rate
Ticket Size slab	Rate	Effective rate of interest
HL<= र 3.0 million	I-Base* + 0.50%	10.50 %
HL> र 3.0 million and <= र 7.5 million	I-Base* + 1.00%	11.00 %
HL > र 7.5 million	I-Base* + 1.50%	11.50 %

One year fixed rate
Category	Fixed rate for the first 12 months	Floating rate pricing from second year onwards (from 13th month)^*
HL<= र 3.0 million	10.50 %	I-Base + 0.50%(10.50%)
HL> र 3.0 million and <= र 7.5 million	11.00 %	I-Base* + 1.00%(11.00 %)
HL > र 7.5 million	11.50 %	I-Base* + 1.50%( 11.50 %)

Two year fixed rate
Category	Fixed rate for the first 24 months	Floating rate pricing from third year onwards (from 25th month)
HL<= र 3.0 million	10.75 %	I-Base + 0.50%(10.50%)
HL> र 3.0 million and <= र 7.5 million	11.25 %	I-Base* + 1.00%(11.00 %)
HL > र 7.5 million	11.75 %	I-Base* + 1.50%( 11.50 %)

Three year fixed rate
Category	Fixed rate for the first 36 months	Floating rate pricing from fourth year ( from 37th month)
HL<= र 3.0 million	10.75 %	I-Base + 0.50%(10.50%)
HL> र 3.0 million and <= र 7.5 million	11.25 %	I-Base* + 1.00%(11.00 %)
HL > र 7.5 million	11.75 %	I-Base* + 1.50%( 11.50 %)

The product is available till March 31, 2012 subject to first disbursement being availed up to April 30, 2012.

* ICICI Bank announces it's Base Rate, effective from August13, 2011.
ICICI Bank has announced a shift in the existing benchmark rate from Floating Reference Rate (FRR)/ I-BAR to ICICI Base Rate (I-Base). The same will be effective for all it's mortgage products from July 1, 2010.
The current ICICI Bank Base Rate (I-Base) is at 10.00%. This is the minimum rate that ICICI Bank will charge to its new customers.

1. When can you apply for a loan?
The moment you decide to buy a home, you can put in your application for a Home Loan with ICICI Bank. You can apply for a Home Loan even before you have selected the property. The loan amount would be sanctioned or approved, based on your repayment capability.

2. What are the loan tenure options?
ICICI Bank offers loans up to 20 years, provided the term does not extend beyond 65 years of age or the retirement age, whichever is earlier.

3. How is the interest charged/ calculated?
Interest is calculated on monthly rest.

4. Who can be the co-applicants for the loan?

Your spouse can be a co-applicant for the loan.
Co-owners need to be co-applicants too. You can consult your Home Loan counselor for any other approved co-applicants for the loan.

5. What are the securities/ collaterals you need to provide?
Security for the loan is a first and exclusive charge of the property to be financed, by way of deposit of title deeds and/ or such other collateral security as may be necessary. The title to the property should be clear, marketable and free from any encumbrances.

6. What are the stages involved in taking a loan?

Application - Submit a completely filled in application with all the necessary documents.
Sanction - You get an approval for a specific loan amount based on your requirement, repayment capability and the value of the property.
Disbursement – Transfer of loan amount.
Disbursement – Disbursement will be made as per stage of construction.

7. What are the various types of loans that ICICI Bank provides?

Home Loan
Land Loan
Office Premises Loan
EMI Under Construction
Balance Transfer
Top-Up Loan
Loan Against Property
Lease Rental Discounting

8. What is a Monthly Reducing Balance?
An Equated Monthly Installment (EMI) has 2 components: interest and principal. When the interest is calculated on monthly rests, the principal on which the interest is charged goes down every month. This results in significant savings for the customer over the tenure of the loan.

9. What is an Annual Reducing Balance?
An Equated Monthly Installment (EMI) has 2 components: interest and principal. When the interest is calculated on annual rests, the principal reduces only at the end of the year. Therefore, you continue to pay interest on a portion of the principal that you have already actually paid back to the lending company.

10. How does ICICI Bank help you in selecting a property of your choice?
Through ICICI Home Search, you can identify a property that fulfills your requirements from a vast database of properties. We arrange for site visits to the properties short-listed by you, and also assist you with the legal documentation. This service comes to you free of cost for first sale properties. This facility is available in select cities only.

11. What is an amortization schedule?
An amortization schedule is a table giving the reduction of your loan amount by monthly installments. The amortization schedule gives the break-up of every EMI towards repayment interest and outstanding principal of your loan.

12. Can you get IT certificates in the name of both the applicant and co-applicant separately?
As per IT rules, only one certificate can be issued for a Home Loan hence one certificate will be issued in the name of both the applicant and co applicant.

13. When is the IT certificate issued?
You can request for a provisional IT certificate that can be issued any time during the course of the year. The final IT certificate will be issued at the end of a financial year. You can expect to receive your copy in the month of April or May.

14. What kind of Tax Benefit does an individual get while applying for a Home Loan?
Many of us have taken home loans / mortgages to buy our house. One of the most important motivators for availing a housing loan is the income-tax benefit that it provides.

If you have availed of a home loan, you can claim tax benefits on both the principal and interest components of the home loan as per the Income Tax Act. These benefits are in the form of deductions available to assesses who have taken a loan to either buy a house or build one. You can reduce your tax liability by a maximum of Rs. 6,250 per month (Rs. 75000 p.a.)

Under section 80(c), repayment of principal of up to Rs. 1 lac is deductible in full from your income which means you can save tax up to a maximum of
Rs. 30,000 p.a. on principal. Similarly under section 24 of the Income Tax Act, interest is deductible up to a maximum of Rs. 1.5 lac. Thus, this leads to an additional saving of a maximum of Rs. 45,000 p.a.

ICICI Bank Home Loan presents a unique offering where you get 1% Cashback on every EMI for the entire tenure of the loan. That means you can save over

3,50,000 on a home loan of

50 lakh and a tenure of 20 years when you adjust this cashback against your principal.

How 1% Cashback Works

1	Apply for a new home loan or transfer your existing home loan to ICICI Bank
2	Set Auto debits for the EMIs from your ICICI Bank account
3	Choose mode Credit to ICICI Bank account or Adjustment against principal outstanding
4	First Cashback will be credited to your ICICI Bank account only after completion of first 36 EMI months. Subsequently, 1% Cashback will be credited after every 12 EMI months for the EMIs paid in the preceding 12 months

Renewable fixed interest rate empowers you to choose fixed interest rate multiple times for 2/3/5 years at zero conversion fee. You can renew the fixed interest rate on your home loan up to a tenure of 20 years.

Initial Fixed Period Interest Rate Matrix

Tenure	Interest rate for loan amount < 30 lakhs	Interest rate for loan amount > 30 lakhs and upto 3 crores
2 years	10.25%	10.50%
3 years	10.50%	10.75%
5 years	10.75%	11.00%

How Renewable Fixed Interest Rate Works

1	Apply for a new home loan or transfer your existing home loan to ICICI Bank
2	Fix initial tenure of your fixed rate as 2/3/5 years
3	Post completion of initial fixed rate tenure of 2/3/5 years, the loan will automatically convert to floating rate decided on the prevailing ICICI Bank Base Rate (I-Base) at that point of time plus the margin decided at the time of sanction of the loan
4	If you choose to renew your fixed interest rate home loan, the new fixed interest rate will be decided on the prevailing ICICI Bank Base Rate (I-Base) at that point of time plus the margin decided at the time of sanction of the loan

ICICI Bank brings a HomeLoan with dual advantage

ICICI Bank brings a Home
Loan with dual advantage