![Minimal documentation](/content/dam/icicibank/icici-assets/personal-banking/24h-minimal-Documentation.png)
Minimal documentation
Hassle-free documentation process
![Eligibility criteria](/content/dam/icicibank/icici-assets/personal-banking/eligibility-criteria.png)
Eligibility criteria
Minimum eligibility is 21 years
![Balance Transfer facility](/content/dam/icicibank/icici-assets/personal-banking/balance-transfer-facility.png)
Balance Transfer facility
Balance Transfer from all Banks, HFCs & NBFCs
![Loan amount & tenure](/content/dam/icicibank/icici-assets/personal-banking/loan-amount-n-tenure.png)
Loan amount & tenure
Avail loan up to ₹50 Lakh and tenure up to 20 Years
THE ELIGIBILITY CRITERIA OF AN INDIVIDUAL TO AVAIL ICICI BANK PRATHAM LOANS DEPEND ON THE FOLLOWING FACTORS
Loan type | Pratham Home Loans |
---|---|
Eligible profiles | Minimum: 21 Years Maximum: 70 Years |
Eligible profiles | Salaried & Self-Employed |
Tenure | Up to 20 Years |
![](/content/dam/icicibank/icici-assets/personal-banking/pratham-banner-t.png)
Salaried Borrower
Slab | Floating Interest Rate |
---|---|
Up to 35L | 1 MCLR - 1Y + 1.35 % |
More than 35L | 1 MCLR - 1Y + 2.05 % |
Self - Employed Borrower
Slab | Floating Interest Rate |
---|---|
Up to 35L | 1 MCLR - 1Y + 1.60 % |
More than 35L | 1 MCLR - 1Y + 2.75 % |
Final rate is I-MCLR + margin where I-MCLR is 8.55%
*Valid till September 30, 2019.
Documents Required
Following are all the documents required while availing the Pratham home loans:
Documents Required | Salaried | Self-Employed | Self-Employed Professional |
---|---|---|---|
KYC and other documents required for all categories | |||
Application Form with photograph duly signed | ✓ | ✓ | ✓ |
Identity, residence and age proof | ✓ | ✓ | ✓ |
Processing fee cheque | ✓ | ✓ | ✓ |
Office address proof | - | ✓ | ✓ |
Copy of title documents for the property being mortgaged | ✓ | ✓ | ✓ |
Proof of business stability/existence | - | ✓ | ✓ |
Business profile | - | ✓ | ✓ |
Income documents required | |||
---|---|---|---|
For Salaried: Latest 6 months’ bank statement For Self Employed: Latest 12 months’ bank statement of the main operating account |
✓ | ✓ | ✓ |
Latest 3 months’ salary slips / salary certificate / ITR | ✓ | - | - |
Form 16 | - | - | - |
Educational qualification certificate | - | ✓ | - |
Latest 3 years’ Financials – a) Computation of Income b) Balance Sheet and Profit & Loss Accoun (with Schedules and Audit Report) – Audited or CA certified |
- | - | - |
RTR for existing loans for last 12 months | ✓ | ✓ | ✓ |
![Home Loans](/content/dam/icicibank/icici-assets/personal-banking/home-loans-icon.png)
Home Loans
Instant* Sanction with special fees
![Balance Transfer](/content/dam/icicibank/icici-assets/personal-banking/balance-transfer.png)
Balance Transfer
Transfer your Home Loan to us and save more
![Get a top up on your existing loan](/content/dam/icicibank/icici-assets/personal-banking/thumbnail_top-up.png)
Top Up Loan
Get a top up on your existing loan
Pratham Home Loans can be availed by salaried employees with a minimum salary of ₹10,000 per month and by self-employed borrowers with a business vintage of 5 years.
Pratham loans can be availed for Home Loan (HL), Home Improvement Loan, Non Residential Premises (NRP) Loan and Balance Transfer of HL / NRP
The loan amount limit for Pratham Home Loans ranges between ₹5 Lakh and ₹50 Lakh.