Documents Required for an ICICI Bank Home Loan

Estimated reading time: 5 minutes

Applying for a home loan is a major financial decision, and ensuring that you have all the necessary documents can save time and prevent delays. ICICI Bank, one of India’s leading private sector banks, offers a comprehensive home loan process. However, being aware of the required documents is crucial for a smooth and hassle-free application.

In this blog, we’ll take a closer look at the documents needed for an ICICI Bank home loan, additional documents based on loan types and applicant profiles, and provide helpful tips for smooth submission.

---

Detailed Breakdown of Required Documents

To begin your ICICI Bank home loan application, you need to prepare a range of documents. Here’s a breakdown of the primary documents required:

Category	Documents Required
Identity Proof	1.Aadhaar Card 2.PAN Card 3.Voter ID 4.Passport 5.Driving License
Address Proof	1.Aadhaar Card 2.Utility Bill (Electricity, Water, or Gas) not older than 3 months 3.Passport 4.Rent Agreement 5.Bank Statement with address mentioned for last 6 months
Income Proof (Salaried)	1.Salary slips for the last 3 months 2.Form 16 or Income Tax Returns (ITR) for the last 2 years 3.Bank statement for the last 6 months showing salary credits
Income Proof (Self-Employed)	1.Income Tax Returns (ITR) of last 3 years with computation of income 2.Last 3 years CA certified/audited Balance Sheets and Profit & Loss Statements 3.Education qualification certificate and Proof of Business Existence 4.Bank statement for the last 6 months
Property Documents	1.Sale agreement or letter of allotment from the builder 2.Title deed or conveyance deed 3.Approved building plan 4.Receipt of property tax paid 5.NOC from housing society or builder (if applicable)
Bank Statements	Bank account statements for the last 6 months to 1 year to reflect regular income flow and financial stability
Photograph	Recent passport-sized colour photograph
Application Form	Duly filled and signed loan application form

---

Additional Documents Based on Loan Type

Different types of home loans require additional documents. Here’s what you may need based on your loan type:

1. Loan for Under-Construction Property:

• Builder-buyer agreement
• Receipts of payments made to the builder
• Construction progress report

2. Loan for Resale Property:

• Previous sale deeds or ownership documents
• Encumbrance certificate (proof that the property is free of any legal liabilities)

3. Top-Up Home Loan:

• Existing loan statement
• A statement of EMI payments to verify consistency in repayment

4. Home Loan Balance Transfer:

• Loan account statement from the current lender
• Foreclosure letter and list of documents from the current lender
  

---

Additional Documents Based on Applicant Profiles

Different applicants might be required to submit additional documents based on their profiles. Below are some examples:

1. NRI Applicants:

• Passport and Visa copies
  
• Overseas bank account statements for the last 6 months
  
• NRE/NRO account statements (if applicable)
  
• Power of Attorney (PoA) in favour of a local representative in India
  
• Work permit or employment contract
  

2. Co-applicants:

• Co-applicants identity and address proofs
  
• Co-applicants income proof (salary slips, ITR, etc.)
  
• Proof of relationship with the primary applicant (marriage certificate, birth certificate, etc.)
  
• All documents mentioned in the general list for each co-applicant
  
  

---

Tips for Smooth Document Submission

Submitting the right documents in an organized manner is crucial for a quick loan approval process. Follow these tips to make the process seamless:

1. Organise Documents Beforehand:
Gather all required documents well in advance to avoid any last-minute rush. Ensure they are up-to-date and accurate. Keep both original and photocopies ready for verification.

2. Use ICICI Bank’s Document Checklist:
ICICI Bank provides a detailed checklist of required documents on its website and at branches. Using this checklist ensures that you don’t miss any important paperwork.

3. Seek Assistance from ICICI Bank Representatives:
If you’re unsure about any document, it’s always a good idea to speak with ICICI Bank representatives. They can provide clarification and guidance, helping you complete the application correctly.

---

Conclusion

Understanding the documents required for an ICICI Bank home loan is vital in ensuring a seamless application process. From identity and income proofs to property documents and additional paperwork based on specific loan types, knowing what’s required can save you valuable time and effort. Always double-check the latest document requirements on the bank’s website or reach out to their customer service for updates.

If you need assistance navigating the complexities of the process of a home loan, Credit Dharma is here to help. Contact us today to seek support.

---

Frequently Asked Questions