ICICI Home Loan Eligibility Calculator

How much am I eligible to borrow?
Loan Amount
Net income per month
Excluding LTA and Medical allowances
Existing loan commitments(per month)
Rate of Interest
You are Eligible for amount
15 Lac
EMI per month
*These calculators are only for illustrative purposes. These figures may or may not be applicable to your particular situation. Magicbricks will not be responsible for any loss or liability arising from the use of these calculators.

ICICI Bank Home Loan Eligibility Calculator

Most of the people planning to buy a property need a home loan. Before applying for the same, one must study his/her eligibility to get it. Home Loan eligibility deals with certain criteria, which a borrower needs to meet before applying for a home loan. 

Home Loan eligibility measures the credit-worthiness of any borrower to repay the loan amount taken on time, and without any default. The key factors determining your home loan eligibility are as follows: 
  • Applicant’s age
  • Salary
  • Total work experience of a person doing a job 
  • Business-stability in case of self-employed
  • CIBIL score eligibility
  • The maximum loan amount for property value
  • Maximum EMI allowed as a percent of gross income

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How to use ICICI Home Loan Eligibility Calculator?

ICICI Bank supports a home loan eligibility calculator, which a borrower can use to check the amount of loan he/she is eligible for in the country. For example, if you are 30 years old and your net monthly income is Rs. 35,000, you can go for a loan amount of Rs. 25.87 lakh at the interest rate of 7.60% for a tenure of 20 years, provided you have no other existing loans, such as a car loan or a personal loan to repay.

Steps to follow:

  • Open ICICI Home loan eligibility calculator
  • Click on ‘Calculate Eligibility’
  • Select your residential status, location of the property you want to buy, and click ‘Proceed’
  • Fill up the basic details and click ‘Proceed’
  • Select your type of employment
  • Put your gross monthly income (INR)
  • Put your net monthly income (INR)
  • Then mention your ongoing EMI (INR) and click ‘Proceed’
  • Put the name of the company you are associated with
  • Mention your total experience (years) and click ‘Proceed’
  • The home loan eligibility calculator will indicate the total amount you are eligible for, and it will also show the EMI to be paid to avail the loan
  • You can customize the loan offer by changing the amount of loan required and the tenure

ICICI Bank Home Loan Eligibility Criteria

The following criteria need to be fulfilled to avail of a home loan from ICICI:

  • Resident type: Indians and Non-Resident Indians (NRIs)
  • Age of the applicant: 25 - 65 years
  • Min. Monthly income of the primary applicant in case of a salaried person: Rs 18,000

To get more information, go to Magicbricks and determine your eligibility to secure a home loan.

Factors affecting ICICI Bank Home Loan Eligibility

Your eligibility primarily depends on the income and capacity of repayment. Though a few other factors also determine your eligibility. These include:

  • Age: The age of the applicant must be between 18 to 70 years. Your age will determine the term you are eligible for to avail of the loan.
  • Financial Stability: More the net salary/income, more the loan amount you are eligible for in your city. Besides this, if there is a co-applicant for the loan, it will further increase the eligible amount.
  • Credit History: If your credit history has no previous case as a defaulter, it ensures smooth loan processing.
  • Credit Score: You should have a minimum CIBIL score for eligibility.
  • Other Financial Liabilities: Your existing loan obligations also affect your loan eligibility.

Tips to Improve your Home Loan Eligibility

You can follow the tips below to improve your eligibility for a home loan:

  • Add a co-borrower
  • Choose a longer term for repayment
  • Provide details of additional sources of income
  • Pre-pay your existing loans and/or other debts
  • Take actions to improve the CIBIL score

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Disclaimer: The information available on this site has been gathered from publicly available sources and is accurate to the best of our knowledge. However, please be aware that the rates and other offers may vary based on your profile and may be subject to change without notice. Therefore, we advise you to verify the information before applying for any loan through this website. Magicbricks accepts no liability for any loss arising from the use of the information on this website. Refer T&C for the detail.
(T&C link: https://property.magicbricks.com/terms/terms.html)

**This service is available in select cities only.

*These calculators are only for illustrative purposes. These figures may or may not be applicable to your particular situation. Magicbricks will not be responsible for any loss or liability arising from the use of these calculators.