Customers with ICICI Bank home loans may obtain their home loan statement and interest certificate by logging onto the ICICI online site. By going to the closest ICICI Bank branch, you may also get it offline.
Here is a guide on how to get ICICI Home Loan interest certificate along with a guide on how to apply for a home loan at ICICI Bank.
ICICI home loan: Eligibility
One’s eligibility to apply for a house loan with ICICI Bank is determined by a number of factors. The applicant must be at least 21 years old. Additionally, those who are salaried must have a yearly salary of at least Rs 5 lakhs. For independent professionals, the threshold is Rs 7.5 lakhs per year.
ICICI home loan: How to apply for a home loan?
Receiving a loan from ICICI Bank is a simple, quick, and uncomplicated procedure. Among these advantages are:
- The interest rates offered by ICICI Bank are reasonable. Additionally, the loans are matched according to the customer’s capacity, allowing him or her to return the money at their leisure and feasibility.
- Additionally, ICICI Bank’s application process is easy because of cutting-edge technologies. Utilising a computer, smartphone, or laptop to submit an application for a home loan assures quick approval.
- The requirements for ICICI Bank home loans are not particularly difficult to meet. The bank’s only focus is on determining the borrower’s capacity to repay the loan, while the candidate’s monthly disposable and surplus income is a crucial factor in determining their ability to repay the loan.
- The bank makes every effort to guarantee that the customer may take advantage of the finest interest rates and related services. Due to this, ICICI Bank offers two different interest rate options: fixed interest rate and fluctuating interest rate.
- The bank insists that there isn’t a backlog of paperwork or other formalities.
- Identity verification, address proof, and income proof are the three main papers needed for a house loan.
- The bank’s internet platform has the ICICI home loan statement, which customers can conveniently access and review periodically. This makes it easier for the consumer to remember the amount and duration of each repayment.
When can I get a statement and interest certificate for my ICICI home loan?
- All throughout the year, you may see the ICICI Bank home loan statement or repayment schedule. According to the procedures outlined above, you may download it online, or during business hours, you can physically pick it up at any ICICI bank.
- The ICICI interest certificate for a specific fiscal year is only accessible following the beginning of the subsequent fiscal year.
- However, if necessary, a Provisional Interest Statement is also available prior to the conclusion of the current fiscal year. This is the total interest paid on the ICICI Bank Home Loan throughout the course of that specific fiscal year. The preparation of income taxes and other financial matters for the fiscal year typically calls for this.
How to download ICICI home loan Interest Certificate online?
The following are the steps to take to receive an online ICICI home loan interest certificate:
- Visit ICICI’s official website. The home loan statement tab should be selected.
- Type in your home loan account number and any other necessary information, then click the “Submit” button. You will be able to access and download your current home loan interest certificate once you log in using the aforementioned procedures.
- When linked to your personal banking account on the website, you can also acquire the Provisional Interest Certificate by choosing the Provisional Interest Statement option.
How to download ICICI Home Loan Statement offline?
You may also access the ICICI Home Loan interest certificate and statement offline. You must present the following papers when you visit the closest ICICI Loan Servicing Branch for this purpose:
- The applicable home loan statement, interest certificate, or provisional interest statement form
- Complete all fields, including those for the applicant’s date of birth, email address, other pertinent contact information, and the home loan account number.
- Send the form and copies of a few papers, such as your passport, PAN card, and Aadhaar card.
ICICI home loan: How to Verify an ICICI home loan statement?
- Log in by going to the official ICICI Net Banking website.
- Select “E-statement”
- Click on “PDF” to create and download the home loan statement after entering the account number and the time frame for which you need to review your statement.
ICICI home loan: What is the benefit of the ICICI home loan statement?
A document that aids in monitoring loan payments is the home loan statement. Both the entire amount paid and the balance owing are mentioned in the statement. It is beneficial for future financial planning. Additionally, it is beneficial to comprehend the financial repercussions of early loan repayment.
ICICI home loan: Mortgage loan vs home loan
Sometimes individuals misinterpret and fail to distinguish between a mortgage loan and a house loan. While there are some parallels between the two types of loans, they are nevertheless very distinct. Since a house loan entails mortgaging a specific immovable property without also including other moveable assets like gold, stocks, etc., it may be referred to as a type of mortgage.
FAQs
Can you get an ICICI Home loan interest certificate online?
It is fairly easy to get a Home Loan statement from ICICI Bank online. Both online and offline methods are available.
Which documents are required to get an interest certificate from the bank?
PAN Card, Aadhaar Card, and Passport are required to get the certificate.