How to view and download ICICI home loan statement online?

An individual repaying their home loan can make up to Rs 5 lakh of their income tax free by showing proof of home loan principal and interest payment. Under Section 80C, the borrower can claim up to Rs 1.50 lakh deduction against home loan principle payment. Under Section 24(B), they can claim deduction of up to Rs 2 lakh annually. If the individual is a first-time homebuyer, they can also claim an additional tax benefit of Rs 1.50 lakh under Section 80EEA.

However, to claim all these ductions, the borrower will have to submit to the income tax department the proof of home loan principal and interest payment. Does this mean you will have to visit the bank branch and then request a home loan repayment statement from the bank? No, if you have taken a home loan from leading private lender ICICI Bank!

ICICI Bank is one of the leading private banks that provides home loans in India at affordable rates. In March 2024, for instance, the lender is offering home loans at a starting 8.55% annual interest.  Because of an extremely easy interface, it is also quite easy to view and download home loan interest certificate for registered users of ICICI bank customers.

What is ICICI Bank home loan account statement? What are its uses?

A home loan account statement is a summary of money a borrower pays in a year towards home loan principle and interest. The statement mentions the total loan amount, the balance loan amount, the among paid as interest during the year, the among paid as loan principal during the year, the loan tenure, etc. The statement will also state any missed installments or part payments done by the borrower. In short, you will find the following details in home loan account statement:

• Name of the borrower
• Name of bank
• Total home loan amount
• Start and end date of home loan repayment
• Home loan interest rate
• Type of interest rate (fixed or floating)
• Loan amount repaid
• Total home loan EMI amount
• Outstanding home loan amount

Use of ICICI Bank home loan interest certificate

1. Home loan interest certificate provides you a clear break-up of principle and interest paid to date.
2. This document is must to claim home loan tax benefits.
3. This document will also be needed if you are applying for another home loan.

Steps to check ICICI Bank home loan statement/interest certificate

Step 1: Log on to ICICI Bank net banking website: https://www.icicibank.com/Personal-Banking/insta-banking/internet-banking/index.page

Step 2: Login using your net banking user ID and password.

 

Step 3: On the screen that appears, click on ‘E-statement’.

 

Step 4: Among the multiple account numbers that might appear in the drop-down, you have to select the account number and the period for which you need the statement.

 

ICICI Bank home loan statement download

Once your ICICI Bank home loan interest certificate is visible on the screen following the steps mentioned above, you can click on the ‘PDF’ option to generate the home loan statement. You will also have the choice to download your ICICI Bank home loan interest certificate in an excel format.

See also: What is legal and technical verification of property in home loan?

How to get ICICI Bank home loan interest certificate offline?

Contact the bank

Reach out to your bank either through their customer service hotline or by visiting a branch in person.

Request the certificate

Inform the bank representative that you require an interest certificate for the current financial year.

Provide details

Provide details such as your loan account number, personal identification and any other information required by the bank to process your request.

Get the certificate

Once your request is processed, ICICI Bank will issue the interest certificate, either in physical or digital format, depending on your preference.

Check the details

Verify the certificate to ensure that all the information, including the total interest paid during the financial year, is accurate.

When do you require your ICICI Bank home loan interest certificate?

• You will require the document to prove your investments, in order to claim tax deductions.
• You will need to submit this document, if you are applying for another loan.
• This document also provides you with a clear understanding, of how the bank is recovering the interest and the principal component from your home loan, how much money you have already paid and how much money you still owe to the bank.

How to track ICICI home loan application status?

Those who have applied for a home loan with ICICI Bank, will also be able to track the status of their application by following certain easy steps.

With form number or reference number

Go to the official website of the bank. In the personal banking section, under products, you will find the home loan tab. Click on it to arrive at the ‘Track My Status‘ option. Key in your form number or reference number to get the status of your application.

What if you forget the reference number?

In this case you will have to provide several personal details, such as name, date of birth, PAN, loan amount and type, etc. and answer certain security questions, to track the status of your application.

Housing Viewpoint

ICICI Bank Home Loan Provisional Certificate is issued by the bank before the end of the ongoing financial year. It acts as an interim document providing details of the principal and interest paid on the home loan during that financial year. This certificate is often required for tax planning and financial purposes.

FAQs

How can I download my ICICI Bank interest certificate?

You can do that by visiting the official website of ICICI Bank. You will have to log into your netbanking account, using your customer ID and password. After that, click on 'View statement' option. You will get the option to download the interest certificate in PDF and excel format.

Can I download my ICICI Bank home loan interest certificate online?

Yes, you can download your ICICI Bank home interest certificate online using net banking.

How can I get my ICICI Bank home loan interest certificate offline?

You can visit any ICICI Bank branch and request for a copy of the home loan statement.

When do I need a home loan interest certificate?

Banks will demand to see this certificate, if you are applying for another loan to gauge your loan-to-value ratio. You will also have to submit the home loan statement, in order to claim tax benefits while filing income tax returns.

What is a home loan provisional certificate?

A home loan provisional certificate is a statement that estimates how much money the borrower will pay to the bank at start of the financial year. It provides a detailed breakup of interest and principal component that the borrower will pay based on the prevailing interest rate. It has details such as actual interest levied on the loan, interest and principal paid by the borrower during the financial year, remaining loan amount, current EMI, etc.

How to get a home loan interest certificate?

You can get a home loan interest certificate from the lender through online banking or by sending an Email or contacting customer care or by giving an application at your local bank branch.

When is the ICICI Bank home loan statement available?

The ICICI Bank Home Loan statement is accessible throughout the year, both online and at any ICICI branch during working hours. You can download it following the provided steps or obtain a physical copy. However, the ICICI interest certificate for a specific financial year becomes available at the start of the subsequent financial year. However, if needed, a provisional interest certificate is accessible before the end of the current financial year. This statement details the total interest payable on the ICICI Bank Home Loan during that financial year.

Got any questions or point of view on our article? We would love to hear from you. Write to our Editor-in-Chief Jhumur Ghosh at [email protected]