ICICI Bank Home Loan Statement

The ICICI home loan statement is a record of your home loan. It consists of

• Your home loan amount
• The interest rate
• Monthly EMI amount
• The total amount you have paid so far
• The principal and interest component of the amount you have repaid
• The total outstanding on your home loan, and more related information.

Customers can raise grievances if there are any discrepancies on the statement. The home loan statement is a valuable document that can help customers stay on top of their home loan situation.

Borrowers can view and download their home loan statements through the ICICI Bank website, through their customer portal, or walk into any branch and request a copy. In addition, customers can access their home loan statements through their ICICI Mobile App.

The home loan statement can be viewed for any particular period; you can choose to view it for the past month, for the past quarter, for the current financial year, the past financial year, or any period you choose to view it for. Once you view it, you can also download it in excel or PDF format, for your records.

Downloading the ICICI home loan statement

To download your ICICI home loan statement, you will have to enable net banking and use the respective user ID and password.

Given below is a stepwise procedure to download the home loan statement

Step 1: Log in to the ICICI net banking website

Step 3: Select the e-statement option on the screen that appears after you have logged in successfully.

Step 4: There will be a list of multiple account numbers on the screen, you have to select the account number for the home loan and the period for which you want to generate the home loan statement.

Step 5: If you click on the loan account, then you can see an option to generate the statement in pdf format. After generating the statement and downloading it, you can view the file on your system.

Why do you require your ICICI bank home loan statement?

You require the home loan statement in order to prove your investments for income tax deductions for any financial year.

When applying for any other loan, the documents for an existing loan are to be submitted. This is when the home loan statement will be used.

The home loan statement is a detailed view and a clear bifurcation of the principal and the interest amounts. This gives an idea as to how much is paid off and how much amount is still remaining.

How to track ICICI bank home loan application status?

Those who have applied for a home loan with ICICI bank can easily track their application status

With form reference number:

Visit the official website of the bank.

Visit the personal banking section.

Under the products tab, you can find the home loan option

If you click on the home loan option, you arrive at the track my status tab

You can type your form number or reference number and get the status of your application

Without reference number:

In this case, you will have to provide several personal details

These can be

1) Date of birth

3) Loan amount

4) Loan type etc

Certain security questions will also be asked in this case. You will have to answer these to track your application status.

What Are The Tax Deductions I Can Claim With My ICICI Home Loan Statement?

- You can claim a tax deduction of INR 1.5 lakhs on your principal amount repayment under Section 80 C of the Indian Income Tax Act.

Conclusion

A home loan is a significant long-term investment. Due to rising home loan interest rates, borrowers must take the necessary measures to make quick home loan payments and save to reduce their outstanding balance.

To make sure that the loan's terms are still favorable and that the borrower is on track to repay the loan, it is crucial to regularly review this document. Borrowers should also review their statements for any mistakes or inconsistencies. Borrowers can stay on top of their mortgage payments and prevent any potential problems with their loan by regularly reviewing their home loan statement.

FAQS of ICICI bank home loan Statement