Express Home Loans

A home is always the biggest investment in one’s life. And more than that, it is a dream cherished by every individual. As you invest all your life’s savings into buying a home, consider a Home Loan; it not only makes it easier, but also, more convenient for you to own a home of your choice. To help you take a step closer to your dream home and buy, or construct it conveniently, ICICI Bank offers a quick financial solution in the form of Express Home Loans.

Now, you can avail of a Home Loan on a fast track basis, with the help of a provisional Sanction Letter. ICICI Bank’s Express Home Loans are designed to make your Home Loan process, quick and easy. It is easy to apply for a Home Loan online anytime, anywhere. 

Avail quick approval, once you submit your application, online. ICICI Bank’s Express Home Loan lets you avail a Home Loan sanction in just 5 simple steps. The facility provides a provisional Sanction Letter, based on which you can avail the Home Loan.

Customers can now avail swift approval on the loan amount. You do not need to visit any Bank branch to apply for a Home Loan; Express Home Loans can be availed online. With ICICI Bank’s Express Home Loans, you can download your provisional Sanction Letter online, which comes with a validity of 6 months.

All it takes is 5 simple steps to generate your provisional sanction letter:

Step 1: Verify account | Step 2: Check offer | Step 3: Make payment | Step 4: Generate Instant Sanction Letter | Step 5: Upload document

  For details, give us a missed call on 9022499400

  For details, give us a missed call on 9022499400

APPLY ONLINE   Check Eligibility

Features and benefits of the Express Home Loan

Eligibility

Make your dream of owning a home come true, with ICICI Bank Express Home Loans. It is now easy to determine your Express Home Loan eligibility, based on the points below: 

Documents

Express Home Loan is a contactless Home Loan facility, involving a simple and easy documentation process. You need to upload the Express Home Loan documents to authenticate your identity, residence, income and signature, along with your photographs.

General Documents

  • Identity Proof – PAN Card (Mandatory)/Voter ID/Driving license/Passport
  • Signature Proof – PAN Card/Driving license/Voter ID/Passport
  • Residence Proof – Voter ID/Driving license/Passport/Aadhaar Card
  • Income documents
  • Salaried Individual: Salary slip for the last 3 months, latest Form 16
  • Self-employed Individuals: Income Tax Return (ITR) and audited balance sheet and profit and loss account for the last 2-3 years
  • Last 6 months Bank Statement.

How to apply

The Express Home Loan is available to both new and existing ICICI Bank customers. However, ICICI Bank customers have the advantage of getting a pre-approved Home Loan offer at a lower interest and a simplified Home Loan process, with a negligible requirement for documentation. Here is how you can apply for the loan facility:

Step 1: Verify account
Step 2: Check the offer
Step 3: Make the payment
Step 4: Upload the documents
Step 5: Download the provisional Sanction Letter

If you’re a new customer, your dream home is just a few steps away:

Step 1: Provide the basic details Customers need to fill in the basic details (name, age, location, etc.), to check their Express Home Loan eligibility
Step 2: Check the loan offer Enter the Loan Amount and the Loan Tenure, to proceed with the application
Step 3: Make the Payment At this stage you will be required to fill in Personal Information, Address and Employer details
Step 4: Upload your documents Proceed with uploading your documents, including KYC, Income Document, Bank Statement, Passport size photographs, and Signature Verification document. If you are an existing customer, you do not need to provide any documents 
Step 5: Download the provisional Sanction Letter After successfully completing the above steps, you will receive a provisional letter from the Bank, through e-mail.

Benefits of Express Home Loans

Online process Quick sanction Attractive interest rate Quick eligibility check

Online Process

Quick sanction

Attractive interest rate

Quick eligibility check

No need to visit branch

Get quick provisional sanction letter

Interest rates that lower the EMI and help you save

Eligibility application is completely digital

Frequently Asked Questions (FAQs) for Express Home Loans

What is an Express Home Loan?


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. 

What is a Sanction Letter?


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

Does the Home Loan Provisional Sanction Letter come with a validity?


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.

What are the steps to apply for an Express Home Loan?


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. 

What documents do you need to upload for the ICICI Bank Express Home Loan?


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.

What is the tenure of an Express Home Loan?


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. 

Is this facility available to all applicants?


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.

Is it essential to upload all required documents in one attempt?


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.

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