ICICI Bank Home Loan

ICICI Bank Home Loans starting at just 9.25% p.a.

ICICI Bank offers attractive interest rates on home loans starting at 9.25% p.a..The loan tenure can be extended up to 30 years, ensuring a Read More...

Use the loan for various needs - buying a new house (ready-built, under construction, or pre-owned), building a new home, or renovating your existing one. You can even switch your existing home loan from another bank to ICICI.The bank charges a processing fee of up to 0.5% of the loan amount plus applicable taxes

ICICI Bank Home Loan Highlights

Loan Amount	30 Lakhs to No upper limit
Tenure	Upto 30 years
Rate of Interest	9.25% onward
Processing Fee	For HL & Topup- 0.5% of loan amount plus applicable GST Advocate & Valuer Fee- Actual expenses, will be collected from customer.
Prepayment/Foreclosure Charges	Nil
Max Tenure	30 years
Foreclosure Charges	Nil

ICICI Bank Home Loans Comparison Table

Compare ICICI Bank Home loan interest rates with other lenders to find the best deal. See how ICICI Bank’s competitive rates stack up in our comprehensive comparison table.

Name of Lender	Amount Up to	Interest Rate	Tenure
Axis Bank	₹10 cr	8.75% Onwards	Up to 20 years

ICICI Bank Home Loan EMI calculator

Enter the loan amount, interest rate, and loan tenure into the ICICI Bank home loan EMI calculator below to determine your monthly EMI and the total interest due over the loan period.

Principal: ₹50,00,000

Rate of Interest: 9%

Tenure (in months): 120

EMI: ₹63,337.89

Total interest: ₹26,00,546.8

Total principal: ₹50,00,000

ICICI Bank Home Loans Eligibility

ICICI Bank Standard Home Loan

ICICI Bank Express Home Loans

ICICI Bank NRI Home Loans

ICICI Bank Land Loans

ICICI Bank Stepup Home Loans

ICICI Bank Balance Transfer

ICICI Bank standard Home Loan

ICICI Bank provides standard home loan options to applicants for purchase of ready built property, purchase of under construction property, purchase of pre-owned homes, Purchase of Plot, Plot + Construction of a House, construction of a house, extension of house and repair/renovation.

Criteria	Value
Minimum Age	21 years
Maximum Age	70 years
Resident Type	Resident Indian
Loan Tenure	Up to 30 years

ICICI Bank Home Loan Schemes

ICICI Bank provides a range of home loan schemes with interest rates starting from 9.25%, including options like Regular Home Loan with benefits for women and no pre-payment fees, Rural Housing Loans for people in rural areas, Home loan balance transfer for home loan borrowers. Each scheme includes a processing fee of 0.5% with varying minimum and maximum amounts.

Loan Type	Interest Rate (p.a.)	Processing Fee	Special Features
ICICI Bank Regular Home Loan	From 9.25% onwards	0.5% of loan amt ₹5000 min.	No pre-payment charges Age 21-70 eligible
ICICI Bank Express Home Loan	From 9.25% onwards	0.5% of loan amt ₹5000 min for salaried & Self-employed Professional, and 1.50% of the loan amount ₹4500/- minimum for Self employed	No pre-payment charges Age 21-70 eligible
ICICI Bank Express Home Loan	From 9.25% onwards	0.5% of loan amt ₹5000 min for salaried & Self-employed Professional, and 1.50% of the loan amount ₹4500/- minimum for Self employed	No pre-payment charges Age 21-70 eligible
ICICI Bank Home Loan Balance Transfer	From 9.25% onwards	0.5% of loan amt ₹5000 min for salaried & Self-employed Professional, and 1.50% of the loan amount ₹4500/- minimum for Self employed	No pre-payment charges Age 21-70 eligible
ICICI Bank NRI Home Loans	From 9.25% onwards	0.5% of loan amt ₹5000 min for salaried & Self-employed Professional, and 1.50% of the loan amount ₹4500/- minimum for Self employed	No pre-payment charges Age 21-70 eligible
ICICI Bank Land Loan	From 9.25% onwards	0.5% of loan amt ₹5000 min for salaried & Self-employed Professional, and 1.50% of the loan amount ₹4500/- minimum for Self employed	No pre-payment charges Age 21-70 eligible

ICICI Bank Home Loan Processing Fees and Charges

ICICI Bank Home Loan Processing Fees

ICICI Bank Home Loan Application charges

ICICI Bank Home Loan Prepayment charges

ICICI Bank imposes a processing fee of 0.5% on the home loan amount for salaried and self-employed professional applicants, with a minimum charge of Rs.5000/- plus applicable GST. Advocate and Valuer fee will be collected as per actuals from the customer.

How to Apply for ICICI Bank Home Loan?

Prospective borrowers interested in an Icici Bank home loan have the option to apply online either through the bank's official website, as outlined below:
Apply here

Via the ICICI Bank Official Website

Visit the ICICI Bank Home Loan official website.
Click on Apply now
Enter the necessary details to determine the eligible loan amount.
Complete the required information on right side and tap "Submit".

Documents Required for ICICI Bank Home Loan

Following is the list of documents required for different categories of customers

Icici Bank Home Loan list of documents for Salaried

Icici Bank Home Loan list of documents for Self-employed professionals

Icici Bank Home Loan list of documents for Self-employed

Icici Bank Home Loan list of documents for Farmers

Icici Bank Home Loan list of documents for NRIs

Icici Bank Home Loan list of documents for Salaried

Identity and residence proof (KYC), such as an Aadhaar, PAN card, or Voter ID card.
Income proof, such as the last 3 months salary slip, the latest Form 16, and a six-month bank statement.
A Cheque for The Processing Fee for The Loan Application.
Property Documents Such as Sale Deed, NOC From the Builder or Housing Society, Advance Payment Receipt to The Builder, And Approved Construction Plan.

Property Related Documents

For New Home

Allotment letter copy/Buyer agreement
Payment receipt made to the developer

For Resale Home

Title deeds including previous chain of property documents
Agreement to sell copy
Initial payment receipt made to the seller

For Construction

Title deed of plot
Copy of the plan approved by Local Authorities
No encumbrance proof on the property
The total estimate of construction by a Civil Engineer/Architect

ICICI Bank Home Loan Balance Transfer

ICICI Bank offers Balance Transfer of home loan that enables a customer to transfer home loan from Scheduled Commercial Banks (SCBs), Private and Foreign Banks, Housing Finance Companies (HFCs) registered with National Housing Bank (NHB) and Borrower’s employers if they are Central/State Govt or their undertakings or Public Sector Undertaking subject to condition that the borrower should satisfy the eligibility criteria for availing Home Loan as per the bank' instruction and has serviced interest and/or installment of the existing loan regularly, as per the original terms of sanction. The borrower should have valid documents evidencing the title to the house/flat.

ICICI Bank Home Loan Amount (LTV Ratio):

Loan Amount	Loan Percentage
Up to and including Rs 30 lakh	Up to 90% of property cost
Rs 30.01 lakh - Rs 75 lakh	Up to 80% of property cost
Above Rs 75 lakh	Up to 75% of property cost

ICICI Bank Home Loan Customer Care

ICICI Bank Home Loan Customer Care Toll-Free Number

Toll-free number: 1800 1080 / +91-22-33667777

ICICI Bank Home Loan FAQ’S

Here are some of the frequently asked questions with regards to ICICI Bank Home Loan

What is the current interest rate for ICICI Bank home loans?

ICICI Bank offers home loans starting from 9.25% p.a., varying based on the applicant's credit profile.

How do I calculate the interest cost for my ICICI Bank home loan?

You can determine the interest cost using the ICICI Bank Home Loan EMI Calculator. Simply input your loan amount, tenure, and interest rate into the calculator to obtain instant results.

What factors contribute to the fluctuation of ICICI Bank home loan interest rates?

ICICI Bank adjusts its housing loan rates in accordance with the repo rate. Changes in the repo rate prompt adjustments in the rates for existing ICICI Bank home loan borrowers. Additionally, ICICI Bank may modify the spread over benchmark rates during special or festive home loan offers.

Who is eligible to be a co-applicant for an ICICI Bank Housing Loan?

Co-owners of the property must also be co-applicants for the ICICI Bank Housing Loan. However, not all co-applicants need to be co-owners; close family members are typically permitted as co-applicants.

Can I make early payments toward my outstanding home loan amount?

Yes, partial or full prepayment of your home loan amount is allowed before the loan tenure ends. ICICI Bank does not impose prepayment charges on home loans with floating interest rates.

How can I lower my ICICI Bank Home Loan interest rate?

You can reduce your ICICI Bank Housing Loan interest rate by transitioning from a higher interest rate to a lower one. ICICI Bank charges a conversion fee for rate reductions, or alternatively, you can transfer your home loan to another lender offering lower rates.

What are the pre-closure charges for ICICI Bank home loans?

Kotak Mahindra Bank does not levy prepayment fees on home loans with floating interest rates. For fixed-rate home loans, prepayment incurs a fee on the outstanding loan amount plus applicable taxes, except when using own sources for pre-closure.

What is the disbursement process for ICICI Bank Home Loans?

After property and document verification and completion of the 'own contribution' or down payment, ICICI Bank sanctions the home loan. Disbursement can be requested online or offline and is contingent on construction progress.

Is my spouse's income considered in calculating the home loan amount?

Yes, your spouse's income can bolster your home loan eligibility. Your spouse must provide income documents to ICICI Bank for consideration.

What is the minimum credit score required for ICICI Bank Home Loan applicants?

While ICICI Bank doesn't specify a minimum credit score, it offers lower rates to applicants with scores of 750 and above.

Can I secure home loan approval while still deciding on a property?

Yes, you can apply for pre-approved home loan facilities based on your financial status, creditworthiness, and income. Property selection must occur within 6 months of loan sanction.