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ICICI Home Finance Home Improvement Loan For Salaried Upgrade your home as you upgrade your life Enter Full Name Mobile No.* Select Amount I agree to the Terms and Conditions and authorize ICICI Home Finance to call/e-Mail/SMS/WhatsApp for communication purpose. This will override the registry with DNC/ NDNC. Overview Benefit Eligibility Documents Required Charges FAQs Overview – Home Improvement Loan for Salaried Your home is your identity. It reflects the life that you have built for you and your family. You feel safest within these four walls, where everything is comfortable and familiar. Home is where you can always relax, no matter how tiring the day was. As your family gets bigger, so do your dreams, and you aspire for an even better quality of life for your children. An ICICI HFC Home Improvement loan is the financial backing you need to ensure your beloved home keeps up with your way of life. Whether it is an expansion, a renovation, an essential repair, or structural changes to your home, you get the financial support to ensure you, your children, your parents and even your guests are always safe and secure. Key Features & Benefits – Home Improvement Loan for Salaried Easy Home Improvement Loan Eligibility It is simple to get a home improvement loan from ICICI HFC as we have easy eligibility norms and require few basic documents. Even if you don’t have formal income proof documents such as ITR, our local experts are trained to assess your income so that they can help you determine the loan amount you can comfortably repay. To increase your eligibility, you can even add a co-applicant, who could be your spouse or immediate family member. Loans for all homeowners Our home improvement loan helps both salaried individuals like government employees and corporate professionals, as well as self-employed individuals like doctors, lawyers, CAs, traders and small business owners. We are committed to your dream of making your dream home a safe and secure for your children to grow up. Repairs, Renovations and more Whether your need is big or small, we finance them all. You can get a home improvement loan starting from ₹ 3 lakh up to ₹ 5 crore, for various types of repairs and renovations such as painting, tiling and flooring, waterproofing, plumbing and sanitary work, etc. The only condition is that you can get the loan only if your improvement project can be completed within 1 year. Quick Loan disbursal Each one of our 135+ ICICI HFC branches, we have a team of legal and technical experts to help you. These experts can review your application on the spot and answer all your questions face to face, so that you don’t have to deal with multiple visits or document requests. Interest Rates and Tax Benefits If you have already had a home improvement loan from another financial institution for the past 2-3 years and are paying interest of over 11%, you can shift to ICICI HFC to reduce your EMI burden. Shift to ICICI HFC with our Balance Transfer facility to get undivided attention from our experts, choose from competitive interest rate options, and get tax benefits for your home improvement loan under Section 24 of the Income Tax Act, 1961. Flexible Home Loan Repayment Options One of the main things our experts will help you with is choosing a repayment mode that you are comfortable with. We offer you 4 repayment options - Step Up Repayment Facility (SURF), Part Fixed ROI and Part Floating ROI, Three Years Fixed Product (Smart Fix), EMI Under Construction Stage, and Equated Instalments.) – and you can choose the one you find most convenient. Step Up Repayment Facility (SURF) - Where your EMI increases as your income increases Part-fixed & part floating - Where your interest rate is fixed for a few years and floating for the rest EMI Under Construction Stage - Only for under-construction properties where repayment of principal begins from the first disbursal of the loan amount Equated Instalments - Where the monthly payment remains the same during your tenure, which is easier to pay as your income increases Eligibility - Home Improvement Loan for Salaried Nationality Indian, residing in India Age Limit (Primary applicant) 23 to 60 years for Resident Indians and 25 to 60 years for NRIs Co-owned Property ICICI HFC provides better interest rates to women to encourage them to apply as co-applicants. If you add your wife or mother to your home loan, you may be able to get a lower interest rate, even if they are not earning. Co-applicant Age Limit 18 years to 65 years Why should you add a co-applicant? If you want to increase your eligibility, you can add an earning co-applicant. This can also help you to be eligible for a larger loan amount. Your co-applicant can be your spouse or immediate family member. ICICI HFC provides better interest rates to women to encourage them to apply as co-applicants. Why take a Home Renovation Loan from ICICI Home Finance? Meet your neighborhood specialist Quick and easy loan processing A rewarding experience like no other Quick support for your future needs Where to apply for Home Improvement Loan Walk into any one of our ICICI HFC branches to get all the help you need. Our neighborhood experts can assist you through our quick and easy home loan application process. We require very basic documents and offer you easy eligibility norms. Click here to find your nearest branch. If you don’t have an ICICI HFC branch near you, walk into your nearest ICICI Bank branch to start your loan application process. You can also give us a call at 1800 267 4455. How to apply for Home Renovation Loan Take 10 minutes to submit your loan application form along with the required documents Pay a non-refundable application login fee of ₹ 5000 + GST @18% Get your loan application quickly reviewed by our team of experts who study your existing EMIs, age, income, and property Get a loan amount approved by our team of experts who are present at each ICICI HFC branch Pay a processing fee equal to 0.75% of the loan amount or ₹ 11,000, plus applicable taxes, whichever is higher The approved loan amount will be disbursed basis the stage of construction of your property Documents Required for Home Improvement Loan for Salaried Salaried Individuals Fully filled application which you have signed Identity and residence proof (KYC), such as Aadhaar, PAN card, Voter ID card, Job card issued by NREGA, etc. Income proof, such as last 2 months salary slip, latest Form 16 and three-month bank statement Property documents Charges for Home Improvement Loan for Salaried You have a right to know exactly how much you will need to pay for your home improvement loan and when. You can find below the list of charges and rates applicable. We make it a point to be transparent about how our home improvement loan works, so you can rest easy with the support of the local experts who sit out of our branches. Charges Rates* Login/Application Fee (for KYC checks and other documents, before loan is approved) ₹ 5,000 + GST @18%* Processing/ Administrative Fees (Charged at the time of sanction) 0.75% of the loan amount or ₹ 11,000, whichever is higher* Prepayment charges Prepayment Charges 1.Floating rate loan where purpose of loan is not for business and one of the borrower is an individual Charges applicable NIL 2.Floating rate loan where purpose of loan is for business(non- Home loan) and borrowers are individualsand/or non-individuals 4% of the outstanding loan amount +applicable taxes 3.Fixed rate housing loan or limited period fixed rate housing loan* 2% +applicable taxes 4.Fixed rate non housing loans 4% + applicable taxes *For Fixed, pre-payment charges are applicable if not prepaid from customer’s own sources # The expression “own sources” for this purpose means any source of funds other than borrowing from a bank or Financial Institution. Disclaimer: The rates, fees, charges etc. as stated herein above are subject to changes/revision from time to time. Pre- Payment/Foreclosure charges shall be applicable as per contracted rate or rates as per regulatory norms prescribed, if any. * The above amounts & percentages are exclusive of applicable taxes and other statutory levies, if any such amounts shall include all amounts prepaid during the given financial year. # Goods and Services Tax (GST) and other government taxes, levies, etc. applicable as per the prevailing rate will be charged over and above these charges. Disclaimer: The rates, fees, as stated hereinabove, are subject to changes/ revision from time to time at the sole discretion of ICICI Home Finance Company. The floating interest rate on ICICI Home Finance is linked to the ICICI Home Finance Company Prime Lending rate (IHPLR). ???? Contact us:- ???? Call now:-9651781910 ⭐️ Email:[email protected] ???? ICICI HOME FINANCE

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