{"id":408,"date":"2020-09-13T05:05:10","date_gmt":"2020-09-13T05:05:10","guid":{"rendered":"https:\/\/www.loanfasttrack.com\/blog\/?p=408"},"modified":"2020-09-13T05:05:10","modified_gmt":"2020-09-13T05:05:10","slug":"icici-bank-home-loan-top-up","status":"publish","type":"post","link":"https:\/\/www.loanfasttrack.com\/blog\/blog\/finance\/icici-bank-home-loan-top-up\/","title":{"rendered":"ICICI Bank Home Loan Top Up"},"content":{"rendered":"\n
\"ICICI<\/figure>\n\n\n\n
\n Home Loan Top Up @ 7.10%*p.a. Maximum\n Tenure Up-to 15 Years<\/strong>\n <\/td><\/tr><\/tbody><\/table>\n\n\n\n

A\ntop up loan on home loan can be availed by an eligible borrower to fulfill his\nimmediate requirement of funds such as medical emergencies, children education,\nbusiness expansion, etc. <\/p>\n\n\n\n

Housing Loan Top Up With ICICI Bank<\/strong><\/h3>\n\n\n\n

Getting\na top up on existing home loan is very easy and convenient for the home loan\nborrowers of ICICI Bank. ICICI Bank Home loan top up interest rate starts from\n7.10%*p.a. with flexible loan tenure of up-to 15 years.<\/p>\n\n\n\n

ICICI Home Loan Top Up Details<\/strong><\/h3>\n\n\n\n
\n Top\n Up Loan Rate Of Interest\n <\/td>\n Range from 7.10%*p.a. – 8.70%p.a.\n <\/td><\/tr>
\n Interest\n Rates For Home Loan Transfer With Top Up\n <\/td>\n 7.10%*p.a. onwards.\n <\/td><\/tr>
\n Type\n Of Interest Rate\n <\/td>\n Fixed as well as floating.\n <\/td><\/tr>
\n Home\n Loan Top Up Eligibility\n <\/td>\n Maximum 80% of the market value of the\n property. (Subject to the income eligibility of the borrower).\n <\/td><\/tr>
\n Processing Fees\n <\/td>\n 0.50%-1.50% on the loan amount + applicable\n GST.\n <\/td><\/tr>
\n Loan\n Tenure\n <\/td>\n Balance tenure of existing loan or 15 years\n whichever is higher. \n (subject to max tenure defined as per the\n customer profile)\n <\/td><\/tr>
\n Loan\n Amount\n <\/td>\n Minimum Rs. 50,000\/- and maximum 100% of\n original loan amount sanctioned.\n <\/td><\/tr>
\n Top Up Loan Income Tax Exemption\n <\/td>\n IT exemption for top up home loan is\n available only if the end-use is justifiable.\n For construction or new property purchase –\n tax exemption under section 80C for principal amount and 24 (b) for interest\n amount.Business purposes – interest can be claimed\n as business expenses under section 37 (1).                       \n \n <\/td><\/tr>
\n Documents\n Required For Home Loan Top Up\n <\/td>\n KYC – Pan Card, Adhar Card, PhotographIncome DocumentsSalaried – 4 months Salary Slips, 6 months\n Bank Account Statement, 2 years From 16.Self-employed – 3 years ITR with Saral Copy, Balance Sheet,\n P&L Account, Capital Account \u2013 CA certifiedLOD (List of documents)Additional documents required for top up\n home loan along with home loan balance transfer<\/a>:Property Documents – Prior Chain of Agreement, OC\/CC + approved\n plans, Index 2, Share Certificate, Society Registration Copy, Property Tax.Loan Outstanding Statement & 18 months\n Repayment Track Record.  \n \n \n \n \n \n \n \n  \n (Refer\n the links for detailed list of documents for home loan balance transfer <\/strong><\/a>with top up <\/a>–<\/a> For Salaried<\/strong><\/a>, For Self-Employed- Proprietorship Firm<\/strong><\/a>, <\/a>Private Limited Company<\/strong><\/a>, Partnership Firm<\/strong><\/a>.)\n <\/td><\/tr>
\n Apply\n For Top Up Loan<\/strong><\/a>\n <\/td><\/tr><\/tbody><\/table>\n\n\n\n

Home Loan Top Up Conditions<\/strong><\/h3>\n\n\n\n