| ICICI Home Loan Balance Transfer | |
| Interest Rates | 8.75% p.a. onwards |
| Loan Amount | As per the applicant’s eligibility |
| Repayment Tenure | Up to 20 years |
| Processing Fee | Up to 2% of the loan amount |
Note: Interest rates as of 11th December 2024
Reduce your Home Loan EMI with ICICI Bank Balance Transfer Click Here
Table of Contents
ICICI Bank Home Loan Balance Transfer Interest Rates
ICICI Bank has not set any separate home loan balance transfer interest rates. However, the interest rates for ICICI Bank regular home loans start from 8.75% p.a. onwards for its pe-approved customers. ICICI Bank Home Loan interest rates are mentioned below:
Festive Offer Pricing
| CIBIL Score | Salaried | Self-employed |
| >=800 | 9.00% | 9.00% |
| 750-800 | 9.00% | 9.10% |
Standard Pricing
| Slab | Floating Interest Rates (p.a.) | |
| For Salaried | For Self-employed | |
| Up to Rs. 35 lakh | 9.25%-9.65% | 9.40%-9.80% |
| Rs. 35 lakh to Rs. 75 lakh | 9.50%-9.80% | 9.65%-9.95% |
| Above Rs. 75 lakh | 9.60%-9.90% | 9.75%-10.05% |
*The rate of interest can vary based on the income profile of the customer.
ICICI Bank Pre-approved Home Loan Balance Transfer
ICICI Bank offers an exclusive facility for existing customers who want to shift their home loan or Loan Against Property (LAP) from other lenders to ICICI Bank at lower interest rates.
Loan amount: Up to Rs 1 crore
Compare ICICI Bank Home Loan Balance Transfer Interest Rates with Other Lenders
| Name of Lender | Up to Rs. 30 Lakh | Above Rs. 30 Lakh to Rs. 75 Lakh | Above Rs. 75 Lakh | |
| SBI | 8.50%-9.85% p.a. | 8.50%-9.85% p.a. | 8.50%-9.85% p.a. | Check Eligibility |
| HDFC Bank Limited | 8.75% p.a. onwards | 8.75% p.a. onwards | 8.75% p.a. onwards | Check Eligibility |
| LIC Housing Finance | 8.50% - 11.25% p.a. | 8.50% - 10.55% p.a. | 8.50% - 10.75% p.a. | Check Eligibility |
| ICICI Bank | 8.75% p.a. onwards | 8.75% p.a. onwards | 8.75% p.a. onwards | Check Eligibility |
| Kotak Mahindra Bank | 8.75% p.a. onwards | 8.75% p.a. onwards | 8.75% p.a. onwards | Check Eligibility |
| PNB Housing Finance | 8.50% - 14.50% p.a. | 8.50% - 14.50% p.a. | 8.50%-11.45% p.a. | Check Eligibility |
| Punjab National Bank | 8.45% - 10.25% p.a. | 8.40% - 10.15% p.a. | 8.40% - 10.15% p.a. | Check Eligibility |
| Bank of Baroda | 8.40% - 10.65% p.a. | 8.40% - 10.65% p.a. | 8.40% - 10.90% p.a. | Check Eligibility |
| IDFC First Bank | 8.85% p.a. onwards | 8.85% p.a. onwards | 8.85% p.a. onwards | Check Eligibility |
| L&T Finance Limited | 8.65% p.a. onwards | 8.65% p.a. onwards | 8.65% p.a. onwards | Check Eligibility |
| Tata Capital Housing Finance | 8.75% p.a. onwards | 8.75% p.a. onwards | 8.75% p.a. onwards | Check Eligibility |
| Federal Bank | 8.80% p.a. onwards | 8.80% p.a. onwards | 8.80% p.a. onwards | Check Eligibility |
| Axis Bank | 8.75%-13.30% p.a. | 8.75%-13.30% p.a. | 8.75%-9.65% p.a. | Check Eligibility |
| Godrej Housing Finance | 8.55% p.a. onwards | 8.55% p.a. onwards | 8.55% p.a. onwards | Check Eligibility |
Transfer your home loan @ 8.35% p.a. onwards Click Here
ICICI Bank Home Loan Balance Transfer Fees and Charges
Processing fees
| Processing fees | 0.50% – 2.00% of the loan amount or Rs 3,000 whichever is higher |
Prepayment Charges
| Prepayment Charges | Floating ROI (Home Loan, Land Loan and Home Improvement Loan): NIL |
| Full repayment on Fixed ROI (GCC Home Loan, Land Loan, Home Improvement Loan & Top Up Home Loan): 2% +taxes on outstanding principal | |
| On full repayment of Top Up on Home Loan for business purpose: 2% + taxes on outstanding principal | |
| Floating ROI for non-business purpose: NIL |
Other fees and charges
| Conversion charges | If prepayment charges are not applicable: Rs 1000 + taxes |
| If prepayment charges are applicable: | |
| Floating to Floating: 0.5% of the principal outstanding + taxes | |
| Dual fixed rate to Floating: 0.5% of the principal outstanding + taxes | |
| Floating to Dual fixed rate: 0.5% of the principal outstanding + taxes | |
| Lifetime fixed to floating: 1.75% of the principal outstanding + taxes | |
| Repayment mode swap Charges | Rs 500 |
| Document Retrieval Charges | Rs 500 |
| Cheque/AD/ECS bounce charges | Rs 500 |
| Duplicate No Objection Certificate / No Due Certificate | Rs 100 |
| Administrative charges | Rs 5000 or 0.25 % of the loan amount whichever is lower + taxes |
| Cibil Report Charges | Rs 50 |
Also Check EMI Calculator for Home Loan
ICICI Bank Home Loan Balance Transfer Eligibility Criteria
- Salaried individuals
- Self-employed individuals
Pre-approved Home Loan Balance Transfer Eligibility Criteria
- Indian resident
- Customers holding ICICI Bank savings or salary account
- Minimum repayment record of 24 months
- Customers should have an ongoing Home Loan, LAP or NRP.
Check your Home Loan Eligibility with other Banks/HFCs Click Here
Home Loan Balance Transfer Documents Required for ICICI Bank
KYC Documents:
- PAN Card
- Aadhaar Card
- Residence Proof
Income Documents:
- Salary slip and Form 16 for salaried
- Last 3 years income tax returns with financials for salaried, self-employed and professionals
- Last 6 months bank statements
Other Documents:
- Latest principal outstanding letter
- List of documents from existing financier
- Repayment track record
Pre-approved Home Loan Balance Transfer Documents Required
- Passport size photo
- Last 6 months’ bank statements
- Last 3 months’ salary slip or Income Tax returns
- Property Documents
Know how to get ICICI Bank home loan statement online
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