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Trusted by 3 Crore+ Indians

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ICICI Home Loan Statement

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ICICI Home Loan Statement

Understanding the Importance of ICICI Home Loan Statement

For borrowers, an ICICI Home Loan Statement is a crucial document. It serves various purposes, including aiding in the calculation and claiming of tax deductions available on home loans. Moreover, the home loan statement provides borrowers with a comprehensive overview of their home loan EMI progress. This statement is indispensable for understanding the payments made, the outstanding balance, and any missed or partial payments.

Accessing ICICI Home Loan Statement

Borrowers of ICICI Home Loans can access their loan statements through multiple channels, both online and offline. Whether you need it for tax purposes or to keep track of your repayment schedule, obtaining your home loan statement is straightforward and convenient.

Unlock Best Home Loan Offers from 20+ Lenders

ICICI Bank offers attractive home loan options with competitive interest rates. To find the best home loan offers, you can enter your mobile number and select the loan amount and property city to get personalized loan offers.

Current Home Loan Interest Rates from Top Lenders (as of April 8, 2024):

SBI: 8.50%-9.85% p.a.

HDFC Bank: 8.70% p.a. onwards

LIC Housing Finance: 8.50% - 10.75% p.a.

ICICI Bank: 8.75% p.a. onwards

Kotak Mahindra Bank: 8.70% p.a. onwards

PNB Housing Finance: 8.50% - 14.50% p.a.

Punjab National Bank: 8.40% - 10.25% p.a.

Bank of Baroda: 8.40% - 10.90% p.a.

IDFC First Bank: 8.85% p.a. onwards

L&T Finance: 8.65% p.a. onwards

Tata Capital Housing Finance: 8.75% p.a. onwards

Federal Bank: 8.80% p.a. onwards

Axis Bank: 8.75%-13.30% p.a.

Godrej Housing Finance: 8.55% p.a. onwards

What is an ICICI Home Loan Statement?

An ICICI Home Loan Statement is a comprehensive record of a borrower's home loan payment history over a set repayment tenure. This document includes detailed information such as:

Borrower and home loan account details

Current outstanding loan amount

Applicable interest rate (fixed or floating)

Each EMI paid

Breakdown of principal and interest amounts during the financial year

Details of any part payments

Total home loan amount repaid to date

This statement helps borrowers keep track of their loan repayments easily, making it an essential document for managing their home loan.

How to Check ICICI Bank Home Loan Statement?

Borrowers can check their ICICI home loan statement through several methods:

Offline Method:

Visit the Nearest ICICI Bank Asset Servicing Branch: Borrowers need to carry valid identity proof. To locate the nearest branch, visit the official ICICI Bank website.

Online Method:

Visit the Official ICICI Bank Website:

Go to the "Loans" section.

Navigate to "Home Loans" and then "Home Loan-existing customers."

Click on "Continue to login." A new page will appear.

Enter your Home Loan Application Number (16 character alphanumeric Loan Account Number).

Proceed to view or download your home loan statement.

How to Download ICICI Home Loan Interest Certificate Online?

ICICI Bank customers can easily download their Home Loan Interest Certificate through Internet Banking or Mobile Banking.

Through Internet Banking:

Use your User ID and password to log in.

Navigate to "Payment & Transfer" > "Tax center" > "Interest Certificate."

Select the interest period year and interest period date.

Request the Interest Certificate.

Through Mobile Banking (iMobile Pay):

Access the Mobile Application:

Click on the services icon on the homepage.

Follow the prompts to request and download the Interest Certificate.

Importance of ICICI Home Loan Statement and Interest Certificate

Keeping a regular check on your ICICI Home Loan Statement and Interest Certificate is vital for several reasons:

Tax Deductions: The statement helps in calculating the interest paid on the home loan, which can be claimed as a deduction under Section 24(b) of the Income Tax Act.

Financial Planning: Regular monitoring of the loan statement helps in better financial planning and managing your monthly budget.

Loan Management: It provides a clear picture of the outstanding loan amount and the progress of loan repayment, helping borrowers manage their finances effectively.

Verification of Payments: Ensures that all payments are correctly accounted for and helps in resolving any discrepancies promptly.

Loan Balance Transfer: If you are considering a home loan balance transfer to another lender for better interest rates, having the latest home loan statement is essential.

Conclusion

An ICICI Home Loan Statement is a critical document for home loan borrowers. It provides detailed insights into the loan repayment schedule, outstanding balance, and interest paid, which are essential for tax planning and financial management. ICICI Bank offers multiple convenient methods to access and download these statements, making it easy for borrowers to stay informed about their loan status. Regularly checking your home loan statement and interest certificate can help you manage your finances better, ensure timely repayments, and take advantage of tax benefits efficiently. If you are considering a home loan or a balance transfer, comparing the interest rates from top lenders and understanding the loan terms is crucial for making an informed decision.