Express Home Loans

Express Home Loan is an instant Home Loan facility, available online to anybody who wants instant sanction and contactless approval on Home Loans. ICICI Bank offers the loan facility with the help of a provisional Sanction Letter that a customer can acquire, after filling the online application form. Now, you can apply for a Home Loan from the comfort of your home and get it sanctioned quickly, precisely in a matter of just 8 hours. 

A Home Loan Provisional Sanction Letter is a document that signifies your confirmation for the Home Loan. It is generated in a few minutes, and you receive the download link on your e-mail. The letter carries all the necessary information, right from the loan amount, tenure, etc. ICICI Bank offers the Sanction Letter, after you fulfil the <5>-step Express Home Loan Application process, which is as below:

Step 1: To check for Express Home Loan eligibility, you need to apply and fill in basic details 
Step 2: Enter the loan amount and duration, to proceed with the loan application
Step 3: Complete the online Application Form 
Step 4: Generate the Sanction Letter, online
Step 5: Submit the Sanction Letter to ICICI Bank, to get the approved Home Loan amount

Yes, the Home Loan Provisional Sanction Letter comes with a maximum validity of <six> months. It is crucial to submit the Sanction Letter to ICICI Bank, to ensure you get an instant Home Loan for your dream home.

ICICI Bank Express Home Loan gives access to Home Loans instantly, once you generate the Sanction Letter online, through the ICICI Bank website or Mobile application. In order to apply for an Express Home Loan facility, you need to follow the steps below:

Step 1: To check for Express Home Loan eligibility, you need to fill in the basic details 
Step 2: Enter the loan amount and duration, to proceed with the loan application
Step 3: Make the payment 
Step 4: Upload the soft copies of the required documents
Step 4: Download the provisional Sanction Letter through a download link, shared on your e-mail
Step 5: Submit the Sanction Letter (validity up to <6> months/ <180> days) to ICICI Bank, to get the approved Home Loan amount. 

The best part about ICICI Bank’s Express Home Loan is that you do not need to visit any Bank branch, as the documentation process is conducted online. You will only be required to upload soft copies of the essential documents for the Express Home Loan at the time of application. The necessary documents are as listed below:

Photograph
KYC documents
Income documents
Bank statement
Signature verification document.

ICICI Bank Express Home Loan facility is intended to offer borrowers the flexibility with repayment of the loan. The maximum loan tenure for the Express Home Loan is up to <30> years. You can select a shorter or longer tenure, depending on your approved loan amount and financial status. If you want to know how much loan amount you can repay in a certain period, then you can use the ICICI Bank Home Loan EMI calculator. This will help you select a loan duration, to ensure that you pay affordable EMIs. 

Yes, any Resident Indian or Non-Resident Indian can apply for ICICI Bank’s Express Home Loan. Whether you are a salaried individual or self-employed professional, or a business person, it is quite easy to get an instant Home Loan sanction, online.

It is recommended that borrowers upload all the Express Home Loan documents in one attempt, to avoid missing out on essential paperwork. In case you do not have a soft copy of any specific document, you can upload it later. ICICI Bank lets you keep track of your Express Home Loan application, with the help of the “Click here to resume application” option. If you want to submit any document later, you can simply click on the above option that appears on the application portal.