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
Features and benefits of the Express Home Loan
Instant provisional sanction
Get a quick Home Loan approval online. Avail a provisional sanction within a few hours.
Maximum Loan Amount
Avail Express Home Loans up to Rs 5 crore, subject to your income and other eligibility criteria
Low Interest Rates
ICICI Bank Express Home Loan is available at a low interest rates starting at 6.75%
The maximum tenure for the online Home Loan sanction is 30 years
With end-to-end processing online, we help you with the digital upload of your Express Home Loan documents
Convenient to apply
The online process of ICICI Bank Express Home Loans makes it convenient for you to apply for the loan
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
Salaried & Self-employed
Express Home Loan is available to both salaried and self-employed individuals
Every Resident Indian and Non-Resident Indian can apply for a Home Loan
Both ICICI Bank as well as Non-ICICI Bank customers, can apply for the loan.
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.
- 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:
Provide the basic details Customers need to fill in the basic details (name, age, location, etc.), to check their Express Home Loan eligibility
Check the loan offer Enter the Loan Amount and the Loan Tenure, to proceed with the application
Make the Payment At this stage you will be required to fill in Personal Information, Address and Employer details
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
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
No need to visit branch
Get quick provisional sanction letter
Attractive interest rate
Interest rates that lower the EMI and help you save
Quick eligibility check
Eligibility application is completely digital
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:
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.
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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