ICICI Bank Pratham Affordable Home Loan
Primary Lending Institution:ICICI Bank Ltd.
Up to ₹50 Lakh home loan at 8.75% – 9.75% with Up to 20 years tenure.
This loan requires the property to be in an approved society/project — self-constructed rural properties often ineligible.
What is ICICI Bank Pratham Affordable Home Loan?
Affordable housing loan product designed for low-to-middle income families purchasing affordable apartments in peripheral urban clusters.
Key Benefits & Features
Simplified underwriting; accepts bank statement analysis without extensive financial statements; transparent pricing; PMAY subsidy linkage.
Property & Project Eligibility Requirements
Affordable housing project approved by municipal or development authority.
Borrower Eligibility Criteria
First-time home buyers with monthly household income starting from ₹15,000.
How to Apply (3 Verified Paths)
Apply online through net banking portal or visit lending branch with loan inquiry.
Apply online at https://www.icicibank.com/personal-banking/loans/home-loan/pratham-home-loan with digital KYC and property details.
Visit nearest branch of the institution with income proofs and sale agreement.
Documents Required Checklist
Aadhaar Card, PAN Card, Last 3 months salary slips or 2 years ITR-V, 6 months bank account statement, Title deed, Approved building plan and municipal tax receipts.
Frequently Asked Questions
What is the maximum loan tenure available for ICICI Bank Pratham Affordable Home Loan?
The maximum repayment tenure offered for ICICI Bank Pratham Affordable Home Loan is Up to 20 years, subject to borrower's age not exceeding 65 years at loan maturity.
What are the processing charges and prepayment rules for ICICI Bank Pratham Affordable Home Loan?
The processing fee is 1.00% + GST. As per RBI guidelines, zero prepayment penalties apply to all individual floating-rate home loans.
What documents are required to apply for ICICI Bank Pratham Affordable Home Loan?
Applicants must provide KYC (Aadhaar, PAN), 3 months salary slips or 2 years ITR with computation, 6 months bank statements, and clear property title documents with municipal sanctions.
Why does ICICI Bank Pratham Affordable Home Loan require property approval in a formal layout?
This loan requires the property to be in an approved society/project — self-constructed rural properties often ineligible.