ICICI Bank Home Loan Top Up
| Home Loan Top Up @ 7.10%*p.a. Maximum Tenure Up-to 15 Years |
A top up loan on home loan can be availed by an eligible borrower to fulfill his immediate requirement of funds such as medical emergencies, children education, business expansion, etc.
Housing Loan Top Up With ICICI Bank
Getting a top up on existing home loan is very easy and convenient for the home loan borrowers of ICICI Bank. ICICI Bank Home loan top up interest rate starts from 7.10%*p.a. with flexible loan tenure of up-to 15 years.
ICICI Home Loan Top Up Details
| Top Up Loan Rate Of Interest | Range from 7.10%*p.a. – 8.70%p.a. |
| Interest Rates For Home Loan Transfer With Top Up | 7.10%*p.a. onwards. |
| Type Of Interest Rate | Fixed as well as floating. |
| Home Loan Top Up Eligibility | Maximum 80% of the market value of the property. (Subject to the income eligibility of the borrower). |
| Processing Fees | 0.50%-1.50% on the loan amount + applicable GST. |
| Loan Tenure | Balance tenure of existing loan or 15 years whichever is higher. (subject to max tenure defined as per the customer profile) |
| Loan Amount | Minimum Rs. 50,000/- and maximum 100% of original loan amount sanctioned. |
| Top Up Loan Income Tax Exemption | IT exemption for top up home loan is available only if the end-use is justifiable. For construction or new property purchase – tax exemption under section 80C for principal amount and 24 (b) for interest amount.Business purposes – interest can be claimed as business expenses under section 37 (1). |
| Documents Required For Home Loan Top Up | KYC – Pan Card, Adhar Card, PhotographIncome DocumentsSalaried – 4 months Salary Slips, 6 months Bank Account Statement, 2 years From 16.Self-employed – 3 years ITR with Saral Copy, Balance Sheet, P&L Account, Capital Account – CA certifiedLOD (List of documents)Additional documents required for top up home loan along with home loan balance transfer:Property Documents – Prior Chain of Agreement, OC/CC + approved plans, Index 2, Share Certificate, Society Registration Copy, Property Tax.Loan Outstanding Statement & 18 months Repayment Track Record. (Refer the links for detailed list of documents for home loan balance transfer with top up – For Salaried, For Self-Employed- Proprietorship Firm, Private Limited Company, Partnership Firm.) |
| Apply For Top Up Loan |
Home Loan Top Up Conditions
- A borrower must be within 21 years to 70 years.
- Must have a good repayment track.
- Must have uninterrupted flow of income.
- Must qualify for ICICI bank top up loan eligibility.
- As per income.
- As per market value of the property.
- Must not have high obligations.
- ICICI bank top up loan amount cannot be used for trading and speculative purposes.
- Business must be a profit making business for self-employed borrowers.
- Must have a good CIBIL score including the CIBIL scores of the co-borrowers.
(Read more on CIBIL & Its Significance In Home Loan & Know How Your Home Loan Inquiry Impacts Your CIBIL Scores).
- Only completed properties eligible for top-up loan.
| ICICI Bank Home Loan Balance Transfer With Top UP – Apply Now |
Home Loan Top Up Calculator
Loan calculator helps to estimate the monthly instalments of the loan amount for different loan tenures as well as for different loan amounts. Use Loanfasttrack’s EMI calculator to calculate per month EMI outgo on top up loan in ICICI bank.
Loan top up calculation of ICICI Bank
ICICI bank loan top up calculation is subject to the borrower’s income eligibility as well as to the market value to the property. The income eligibility of the borrower cannot exceed the prescribed FOIR (Fixed Obligation Against Income Ratio) which is up-to 65% of net income for salaried and up-to 70% of net profit for self-employed and the eligibility as per the market value of the property cannot exceed the maximum LTV (Loan To Value) of 80% of the market value of the property. The lower of the two will be the home top up loan eligibility of the borrower.
Insta Top Up Loan ICICI Bank
It is a pre-approved loan available only for eligible salaried borrowers having a salary account with ICICI bank and pre-approved top-up offer. The borrower can apply loan up-to 1 crore under insta top up loan, for a maximum loan tenure of 10 years – 15 years. The interest rates for insta home top up loan range from 7.10%p.a. – 7.50%p.a. The insta top up loan holds a validity of 6 months. The loan can be applied in 3 simple steps. Speak to Loanfasttrack on 9321020476 to know the 3 steps.
| Apply For Instant Top Up Loan Of ICICI |
Loanfasttrack Offers:
Processing Fees cash back offers for bt top up loan. To know more on cash back offers for ICICI home loan balance transfer and top up reach us on 9321020476 or email us on info@loanfasttrack.com.
| Apply Today For Icici Home Loan Balance Transfer And Top Up – Click |
Visit https://www.loanfasttrack.com/ to:
- Apply For Canara Bank Top Up Loan
- Apply For HDFC Ltd. Top Up Loan
- Also Apply For Mortgage Top UP Loan With ICICI Bank @ Unbelievable Low Interest Rate. Contact today.
Other Services Offered By Loanfattrack Includes – Housing Loan In Mumbai, Mortgage Loan In Mumbai, Personal Loan In Mumbai, Business Loan In Mumbai, Unsecured Business Loans,Home Loan Transfer, Top-up Loans, Car Loans, Educational Loans And Loan Transfers.
Loanfasttrack is a Mumbai based loan provider company since 2015 offering loan services in Mumbai. Loanfasttrack is a direct sales associate with leading banks namely, ICICI Bank, HDFC Ltd, Canara Bank, Citi Bank, Piramal Housing Finance, etc. Our specialized services includes providing:
- The best bank for home loan.
- Assured low interest rates for loan against property in Mumbai.
- Lowest home loan rates in Mumbai.
- Instant loan in Mumbai.
- Low cost home loan balance transfer.
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