Home Loan For Self Employed

 
 
 
 
 
 
 
 
 

If you have found it difficult to get a home loan in the past for not having adequate income proofs or other institutions refusing to provide you a loan due to nature of your business, you are not alone. If you find the loan application process complicated, we are here to help you at every step of the way. With the right support, getting a home loan can be a quick, easy and rewarding experience.

Our home loan has been designed with you in mind. We offer easy eligibility norms and require very few and basic documents. You can get a home loan in as less as 72 hours as we have a team of legal and technical experts at each of our 135+ ICICI HFC branches who can review your application on the spot.

Nothing should come between you and your dream of owning a home. We are here to assist you even after your loan is disbursed – be it during repayment or whenever you need any type of funding in the future.

 
 
 
 
 
 
 
 
 

Key Features & Benefits – Home Loan for Self-Employed

 
 
 
 
 
 
 
 
 
Affordable housing benefit
 

 

ICICI HFC’s affordable housing product, Apna Ghar, offers you a subsidy benefit of up to ₹ 2.67 lakhs on home loans under the Pradhan Mantri Awas Yojana’s (PMAY). Apna Ghar is unlike any other home loan and is meant for both salaried and non-salaried individuals, even those who cannot arrange formal income proofs.

 
 
 
 
 
 
 
 
 
Loans for all aspiring homeowners

 

Our home 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 owning a home of your own.

 
 
 
 
 
 
 
 
 
Easy eligibility
 

 

Getting a home loan is quicker with ICICI HFC due to our flexible eligibility norms and basic document requirements. Even if you don’t have formal income proof documents like ITR, but have a good history of repaying loans, our local experts will help you get the support you need. 

Tip: To increase your eligibility, you can even add a co-applicant like your spouse or immediate family member.

 
 
 
 
 
 
 
 
 
Home loans from ₹ 3 lakhs to ₹ 5 crores
 

 

Whether your need is big or small, we finance them all. You can get a home loan for all of the following: 

  • Under-construction property, ready-for-possession property or builder property
  • New property or resale property
  • Property from state housing boards such as DDA and MHADA/existing Co-operative Housing Society/Apartment Owners’ Association/Development Authorities settlements/homes by private developers.
  • For property in cities, regularised colonies and gram panchayat properties
  • For multi-unit or a self-constructed property or even to construct a house on a plot of land you own or to refinance a residential property
  • For construction on a freehold/leasehold plot or on a plot allotted by a Development Authority
 
 
 
 
 
 
 
 
 

Eligibility – Home Loan for Self-Employed

 

Self-employed

 

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    Age Limit (Primary applicant)

28 to 70 years (Choose a tenure that ends before you turn 70 years, or your retirement age, whichever is earlier. This will ensure that you do not have to pay EMIs post-retirement.)

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    Co-owned Property

In case your property has more than one owner, it is necessary that both or all the co-owners are co-applicants. This ensures that your property is secure and both owners can benefit from the investment in the property.

 
 
 
 
 
 
 
 
 
Co-applicant

 

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    Minimum Age

18 to 65 years

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    Why should you add a co-applicant?

 

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    If you want to increase your home loan eligibility, you can add a co-applicant, even if they are not earning. This can also help you to be eligible for a larger home loan. Your co-applicant can be your spouse or immediate family member.

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    Because ICICI HFC provides better interest rates to women to encourage them to apply as co-applicants.

 
 
 
 
 
 
 
 
 

Documents Required for Home Loan for Self-Employed

 

Submit these documents and get your loan approved in as little as 72 hours without having to make multiple visits. 

 

 

Self-Employed Individuals

 

 

  • Fully filled application which you have signed
  • Identity and residence proof (KYC), such as PAN card, Voter ID card, Aadhaar, etc.
  • Income proof, such as latest 2 income returns, latest two years P&L accounts and B/S (with schedules), six-month bank statement, etc.
  • Property documents (unless you have not finalised a property)
 
 
 
 
 
 
 
 
 
Self-Employed Non-Individuals

 

 

  • Fully filled application which you have signed
  • Identity proof (KYC), such as PAN card, copy of GST registration, AOA, MOA of company, etc.  
  • Income proof, such as latest 2 income returns, latest two years P&L accounts and B/S (with schedules), six-month bank statement, etc.
  • Property documents (unless you have not finalised a property)
 

 

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