It is mandatory to end up loan repayment of ICICI Bank Home Loans must end when the person who availed it turns 65 or retires from service, whichever comes first.
If you are wondering about the eligibility criteria for availing ICICI Bank home loans then there are only two major criteria and the person applying for a home loan must be at least 21 years and he or she must also be employed or at self-employed. To avail home equity loans or loans against property, the person must also be the owner of a self-occupied property. To determine the amount of ICICI Bank Home Loans to be sanctioned, a multitude of factors like age, number of dependents, assets and liabilities as well as stability of count are taking into consideration.
A passport size photograph, PAN card, voters ID, passport or license for age-proof, last six months’ bank statement, latest Form 16 and certified IT returns for the past 3 years Administration fee cheque and loan enclosure letter are the basic credentials that are required for Bank Loans in India .The applicant can select a property even if he is not residing in the city, but the ICICI bank needs to have operations in that particular city where the specific property has been selected. ICICI Bank Home Loans in India can be withdrawn within six months of the approval and one can also apply for home loans online.
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