ICICI Bank Home Loan Application status
The first step to taking an ICICI home loan is to fill out a home loan application form. A home loan application is a formal declaration of intent to borrow, and is the first piece of documentation that an applicant needs to submit for taking a home loan. A home loan application can be extensive and requires information such as – the applicant’s identification, proof of address, age, credit history, CIBIL score, employment status, etc. Once the applicant fills out and submits the application, ICICI will perform its due diligence and decide whether or not to approve the loan based on the borrower’s ability to repay.
The sanctioning of the home loan application can be an extensive process, from verification to disbursement of the loan amount. Different banks have different processing times, depending on their internal processes. ICICI Bank typically takes around 3 to 7 working days to verify the applicant’s information and sanction of the loan amount. Applicants can track the status of their home loan applications through the official website of ICICI Bank or through Fincity.
What is a ICICI Home Loan Application Status?
ICICI bank provides a service by which an applicant can check the status of his/her home loan application. It provides summarized details including – the home loan application status, requested loan amount, predicted down payment, monthly EMI, etc., on the home loan. An applicant can check the home loan application status by visiting the official website of ICICI Bank or through Fincity. To check home loan application status, applicants need to provide certain information such as – name, loan application number, registered phone number, the PAN card number, etc., either through offline or online channels.
How to check your ICICI Bank home loan application status?
An applicant can check their home loan application status either through online or offline channels. It is important to keep the home loan application number and the registered phone number handy for smooth tracking of the home loan application status. Applicants can log in to their internet banking account on the ICICI website and proceed to make an application status request. Or, customers can call ICICI Bank at 1800 103 8181 or visit any of their bank branches.
How to check ICICI home loan application status online?
An applicant can check their home loan application online by following this simple step-by-step process.
Step 1. Go to the official ICICI Bank website
Step 2. Go to ‘Products’ and click on ‘Home Loan’
Step 3. Select the ‘Know more’ tab under the ‘Home Loan’ section and the applicant will be redirected to the ‘Know Your Application Status’ page.
Step 4. When the section tracker appears, fill in the home loan application number and the registered phone number.
Step 5. Once the details are entered, the applicant will receive an OTP on their registered phone number
Step 6. Enter the OTP in the OTP section
Step 7. Once the OTP is entered, the applicant will be redirected to the home loan application status.
How to check your home loan application through ICICI TrackMyLoan?
ICICI TrackMyLoan is an online platform that provides an easy access to the home loan application status with real time tracking. Follow the below mentioned step to check the home loan application status through ICICI TrackMyLoan:
Step 1: Visit the official website of ICICI Bank and navigate to “ICICI TrackMyLoan”.
Step 2: Select ‘Track Home Loan Status Now’ and the applicant will be redirected to the ‘Track My Loan Status’ page.
Step 3: Enter the home loan application number and registered phone number. Click on ‘Send OTP’.
Step 4: Once the OTP is received on the registered mobile number, enter the digits on the space provided in the website.
Step 5: Once the OTP is entered, ICICI TrackMyLoan displays the current home loan application status.
How to check your ICICI Bank home loan application status via mobile app?
To check ICICI Bank home loan application status via mobile app, follow these simple steps:
Step 1: Download the ICICI iMobile app from the Google Play Store or App Store and go to the Home Loan section
Step 2: Select the bank account number that was used during applying for the home loan.
Step 3: Go to ‘Track New Loan’ page and fill the required details like – home loan application number, mode of home loan application, applicants name, etc.
Step 4: Click the ‘Submit’ button
Step 5: The applicant will be redirected to a page that will display the current status of the home loan application.
How to check ICICI Bank home loan application status offline?
Applicants can check the status o f their ICICI home loan application offline by following these simple steps:
Step 1: The applicant can walk in to the nearest ICICI Bank branch and request the home loan application status form.
Step 2: Applicants must ensure that they fill out all the details exactly as spelled/mentioned in their proofs of identity, address, etc. A good practice is to keep all relevant account numbers, loan application numbers, etc. handy.
Step 3: The form will requqire copies of the identification, address, etc. documents like – Aadhaar card, PAN Card or Voter ID as per requirement.
Step 4: Once the home loan application status form has been submitted, ICICI will communicate the home loan application status to the applicant.
Call ICICI Bank to check your home loan application status
To check your ICICI home loan application status, an applicant can call the ICICI Bank customer service for personal banking at 1860 120 7777. He/she also reach out through other ICICI Bank helpline number for wealth or private banking at 1800 103 8181 or at 180 120 6699 for corporate, business or retail institutional banking.
How is a home loan application processed by a bank?
While taking a home loan, an applicant submits a home loan application along with various documents. Before sanctioning the loan, a bank needs to verify the authenticity the documents such as – proof of income, age proof, proof of address, employment status, etc. – submitted by the applicant. The process of verification and authentication of the documents submitted takes most of the time in the home loan application process. The home loan application process may differ from bank to bank but mentioned below are the general practices followed by most of the banks:
Step 1: Application: The first step begins when the bank receives the home loan application submitted by the applicant.
Step 2. Credit check: The bank does a credit check on the applicant’s name. This establishes the applicant’s creditworthiness and verifies the applicant’s identity. With ICICI Bank, a home loan gets sanctioned if the applicants have a credit score of 750 or even 700 in some cases. If the credit check turns out positive, the bank requests the applicant to submit the necessary document and pay the processing fee.
Step 3. Submission of the documents and payment of the processing fee: When the credit check turns out to be positive, the bank asks for the necessary documents like – proof of identity, address proof, proof of income, employment status, etc., for further processing.
You can check the full list of documents required for ICICI home loans here.
Step 4: Verification of the documents: When the applicant submits the necessary documents requested by the bank, the bank conducts a background check with all the relevant authorities that issues the documents.
Step 5: Inspection of the property: ICICI Bank then conducts an inspection at the property that the applicant wishes to purchase.
Step 6: Approval and disbursement of the loan: The verification and inspections conducted by the bank decides whether or not to approve the loan. If the verification goes well, ICICI bank processes the offer letter along with a quotation and document to you to go through a legal check. Once the loan gets sanctioned the loan amount is disbursed in the loan account.
- How can I check my ICICI home loan application status?
You can check your ICICI home loan application status either online or offline. You can visit your nearest ICICI Bank branch or check online via ICICI TrackMyLoan. Click here to check your home loan application status.
- How long will it take to get my ICICI home loan sanctioned?
ICICI Bank typically takes 3-7 working days to sanction the loan post verification and processing. You can keep a track of your home loan by checking your home loan application status.
- How to check my ICICI home loan application status offline?
You can check your loan application status through various online channels like the official website of ICICI Bank, through the ICICI TrackMyLoan service, and the ICICI iMobile smartphone app. For more information, refer to the ‘How to check ICICI home loan application status online?’ section.
- What are the steps involved in getting my ICICI home loan sanctioned?
The steps involved in getting your home loan application sanctioned are mention below:
Step 1: Fill the home loan application and provide necessary documents
Step 2: ICICI Bank will conduct a credit check
Step 3: Submit the required documents and processing fee
Step 4: ICICI Bank verifies the documents and conducts property inspections
Step 5: Depending in the verification and authentication the loan amount gets sanctioned.
- Can I call ICICI Bank to check my home loan application status?
You can call the ICICI bank at 1860 120 7777/1800 103 8181/180 120 6699 to check your home loan application status.