ICICI BANK: ICICI Bank offers its customer investment banking, asset management, life as well as non life insurance etc.The Banks hold 1,308 branches and about 3,950 ATMs across India.
ICICI is the No.1 Bank that provides the Home Loan

The features of ICICI Home Loan are as follows:-
• Attractive interest rates
• Home loan amounts suited to your needs
• Home Loan tenure up to 25 years
• Simple Documentation
• Doorstep Delivery of home loan papers
• Sanction approval without having selected a property.
• Free Personal Accident Insurance
• Insurance options for your home loan at attractive premium

Different types of Home Loan Interest Rates are:-
1) SURF:-Surf stands for Step up Repayment facility. A loan that gives you an advantage to enhance your eligibility without any increase in the monthly outflow as emi.

2) FLIP:-FLIP stands for Flexible Installment Plan; it helps in enhancing your eligibility. It means you can club your income with any of your family member (like father & son, husband & wife).FLIP considers the income of two applicants and offers you to step down repayment facility. You can have two different EMI’s during the tenure of the loan. Normally the first EMI would be based on the combined income. The second EMI would be smaller and the base of this EMI will be lower income with longer tenure of the applicant.

3) Part Fixed, Part floating:-A product which is a combination of fixed as well floating rate of interest. With this you can minimize the impact of any adverse change in the interest rate.Alongwith this you can secure yourself with any change in rate of interest in future. Both salaried and self employed can avail this Product.

4) Smart fix Home Loan:-A product in which you can enjoy the benefit of both fixed and floating rate of interest. The first 3yrs of payment will be calculated with fixed rate of interest and the remaining with floating. Both salaried and self employed can avail this Product.

Home Loan Amount
The home loan amount depends on your repayment capability and is restricted to a maximum of 85% of the cost of the property or the cost of construction as applicable.
Loan Processing Charges / Renewal Charges: - Home Loans: 0.5% of loan amount as Administrative fee or Rs.2,000, whichever is higher. Loan Overdraft against property or office premises: 1% of loan amount or Rs.2, 000, whichever is higher. Fees are non–refundable.

Prepayment Charges: - 2 % on the principal outstanding on full prepayment

Charges for late payment (loans):- Home Loans: 2% per month Home OD: 1.5% of the outstanding amount subject to minimum of Rs. 500/- & Maximum of Rs.5000/-
Interest rate swiping charges: - 1.75% on principal outstanding

Documentation:-
• Sanction Documents Duly Completed Application Form
• Photograph
• Fee Cheque
• Photo Identity Proof
• Age Proof
• Signature Verification Proof
• Residence Address Proof
Document for Salaried Customers
• Last 3 months Salary Slip
• Form 16
• Bank Statement for last 6 months from Salary Account
• Repayment Track record of existing loans / Loan closure letter
Document for Self Employed customers
• Income Tax Return / Computation of Total Income / Auditors Report / Balance Sheet / Profit & Loss Account certified by Chartered Accountant for last 2 years (3 years for Home Equity) (both for business and personal of partners/directors)
• Bank Statement for last 6 month from operating account
• Repayment Track record of existing loans / Loan closure letter
• Board Resolution in case of a company
• Proof of existence
• Office Address Proof
• Photo Identity Proof, Residence Address Proof, Signature Verification is required to be provided for all the main partners / directors.