ICICI Home Loan Property Documents Required

When applying for a home loan with ICICI Bank, it's crucial to provide the correct property documents to ensure a smooth and hassle-free approval process. The documents required can vary depending on whether the property is under construction or ready for possession. Below is a comprehensive list of documents that you will need to submit.

1. Proof of Identity
To begin with, ICICI Bank will need proof of your identity. You can provide one of the following documents:

• Aadhaar Card
• Passport
• Voter ID
• Driving License

2. Proof of Address
The next step is to provide proof of your address. Acceptable documents include:

• Utility Bills (Electricity, Water, or Gas Bill)
• Rent Agreement
• Bank Statement with the current address
• Property Tax Receipt

3. Proof of Income
Your financial stability is crucial for the loan approval process. Therefore, you must provide proof of your income. Depending on your employment status, you can provide:

• For Salaried Individuals:
  • Salary Slips for the last 6 months
  • Form 16
  • Income Tax Returns (ITR) for the last 2 years
  • Bank Statements for the last 6 months
• For Self-Employed Individuals:
  • Income Tax Returns (ITR) for the last 2 years
  • Profit and Loss Statement
  • Balance Sheet
  • Bank Statements for the last 6 months

4. Property Documents
The property documents are critical for the loan application process. ICICI Bank will require the following:

• Sale Deed (for a ready-to-move-in property)
• Builder's Agreement (for under-construction properties)
• Title Deed
• Occupancy Certificate
• Approved Building Plan
• Land Tax Receipts

5. Other Documents
Depending on your specific circumstances, ICICI Bank might request additional documents:

• Processing Fee Payment Receipt
• Photographs (Passport size)
• Loan Application Form duly filled and signed

Detailed Checklist
To make things easier, here is a detailed checklist that summarizes the documents needed:

Document Category	Documents Required
Identity Proof	Aadhaar Card, Passport, Voter ID, Driving License
Address Proof	Utility Bills, Rent Agreement, Bank Statement, Tax Receipt
Income Proof	Salary Slips, Form 16, ITR, Bank Statements for Salaried; ITR, Profit and Loss Statement, Balance Sheet, Bank Statements for Self-Employed
Property Documents	Sale Deed, Builder's Agreement, Title Deed, Occupancy Certificate, Approved Building Plan, Land Tax Receipts
Others	Processing Fee Receipt, Passport Size Photographs, Loan Application Form

Important Tips

• Ensure Accuracy: Make sure all documents are accurate and up-to-date to avoid any delays in processing.
• Photocopies: While submitting documents, ensure you provide both originals and photocopies. The bank may need to verify the originals against the copies.
• Organize Documents: Keeping your documents organized and categorized can speed up the approval process and reduce stress.

By preparing and providing these documents in a timely manner, you can ensure that your ICICI home loan application process goes smoothly and without unnecessary delays. Always check with ICICI Bank for any specific requirements or updates to the document list.