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ICICI Home Loan Highlights
| Particulars | Details |
| ICICI Home Loan Interest Rate | 8.75% p.a. onwards |
| Loan Amount | Up to Rs 5 crore |
| Tenure | Up to 30 years |
| Processing Fees | Up to 2% of loan amount |
Note: Rates as of 22nd November 2024
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ICICI Home Loan Interest Rates vs 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. | Apply Now |
| HDFC Bank Limited | 8.75% p.a. onwards | 8.75% p.a. onwards | 8.75% p.a. onwards | Apply Now |
| LIC Housing Finance | 8.50% - 10.35% p.a. | 8.50% - 10.55% p.a. | 8.50% - 10.75% p.a. | Apply Now |
| ICICI Bank | 8.75% p.a. onwards | 8.75% p.a. onwards | 8.75% p.a. onwards | Apply Now |
| Kotak Mahindra Bank | 8.75% p.a. onwards | 8.75% p.a. onwards | 8.75% p.a. onwards | Apply Now |
| PNB Housing Finance | 8.50% - 14.50% p.a. | 8.50% - 14.50% p.a. | 8.50%-11.45% p.a. | Apply Now |
| Punjab National Bank | 8.45% - 10.25% p.a. | 8.40% - 10.15% p.a. | 8.40% - 10.15% p.a. | Apply Now |
| Bank of Baroda | 8.40% - 10.65% p.a. | 8.40% - 10.65% p.a. | 8.40% - 10.90% p.a. | Apply Now |
| IDFC First Bank | 8.85% p.a. onwards | 8.85% p.a. onwards | 8.85% p.a. onwards | Apply Now |
| L&T Finance Limited | 8.65% p.a. onwards | 8.65% p.a. onwards | 8.65% p.a. onwards | Apply Now |
| Tata Capital Housing Finance | 8.75% p.a. onwards | 8.75% p.a. onwards | 8.75% p.a. onwards | Apply Now |
| Federal Bank | 8.80% p.a. onwards | 8.80% p.a. onwards | 8.80% p.a. onwards | Apply Now |
| Axis Bank | 8.75%-13.30% p.a. | 8.75%-13.30% p.a. | 8.75%-9.65% p.a. | Apply Now |
| Godrej Housing Finance | 8.55% p.a. onwards | 8.55% p.a. onwards | 8.55% p.a. onwards | Apply Now |
ICICI Bank Home Loan Interest Rate
ICICI home loan interest rates start from 8.75% p.a. onwards for pre-approved customers of the bank. The lender offers differential interest rates based on the credit score, loan amount and occupation profile of home loan applicants.
ICICI Special Home Loan Rates
| CIBIL Score | Salaried | Self-employed |
| >=800 | 9.00% | 9.00% |
| 750-800 | 9.00% | 9.10% |
ICICI Bank Home Loan 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% |
Apply for ICICI Home Loan at Attractive Interest Rates Click Here
How to Apply Online for ICICI Bank Home Loan?
Applicants can apply for ICICI Bank Home Loan online through the official website of the ICICI Bank. They can also download the ICICI Bank app, iMobile Pay, and apply for the home loan online. Prospective home loan borrowers can also apply online for ICICI Bank Home Loan through online financial marketplaces like Paisabazaar.com.
ICICI Home Loan Processing Fees & Other Charges
| Particulars | Applicable Fees & Charges |
| Loan Processing Charges / Renewal Charges | Up to 2% of loan amount |
| Prepayment Charges | – NIL for ICICI Home Loans and ICICI Home Improvement Loans with a floating rate of interest
– 2% on the outstanding principal on full repayment for ICICI Bank Home Loan with a fixed rate of interest – 2% on the outstanding principal on full repayment for Top Up Loan if the applicant or co-applicant is Non-Individual – 4% on the outstanding amount of loan where the loan is given to Non Individual borrowers or with a fixed rate of interest to Individual borrowers. |
| Charges for late payment | – Home Loans: 2% per month
– Home OD: 1.5% of the outstanding amount subject to a minimum of Rs. 500/- & Maximum of Rs.5000/- |
| Conversion charges for ICICI home loans | – Floating to Floating: 0.5% of the principal outstanding
– Dual fixed rate to Floating: 0.5% of the principal outstanding – Floating to Dual fixed rate: 0.5% of the principal outstanding – Lifetime fixed to Floating: 1.75% of the principal outstanding |
| Repayment mode swap Charges | Rs 500 |
| Document Retrieval Charges | Rs 500 |
| Cheque bounce charges | Rs 500 |
| Duplicate No Objection Certificate / No Due Certificate | Rs 100 |
| Revalidation of No Objection Certificate | Rs 100 |
| Administrative Charges | Rs 5000 |
| CIBIL Report Charges | Rs 50 |
| Legal, Repossession and Incidental Charges | At Actuals |
Also Read: Home Loan Processing Fees charged by top home loan lenders
Documents Required for ICICI Home Loan
Some of the common documents required for ICICI Home Loan are:
- Application form with photograph duly signed
- Proof of Identity
- Proof of Residence
- Proof of Age
- Processing fee cheque
For Salaried Individuals:
- Last 6 months bank statements
- Last 3 months Salary-slips
- Form 16 / Income Tax Returns
For Self-employed Professionals/ Self-employed Non-professionals:
- Identity, residence and age proof
- Last 6 months bank statements
- Form 16 / Income Tax Returns
- Proof of business existence
- Education qualification certificate and proof of business existence
- Last 3 years Income Tax Returns with computation of Income
- Last 3 years CA Certified / Audited Balance Sheet and Profit & Loss Account
Also Read: Home Loan Documents Required by Lenders during Loan Application
ICICI Bank Home Loan EMI Calculator
Prospective home loan borrowers of ICICI Bank may enter the loan amount, interest rate and loan tenure in the home loan EMI calculator given below and check the monthly EMI and total interest payable at the end of the loan tenure.
Monthly EMI ₹ 15,622
Total Amount Payble ₹ 5,62,395(Principal + interest)
Principal Amount ₹ 5,00,000
Total Interest Payble ₹ 62,395
ICICI Home Loan Eligibility Criteria
| Particulars | ICICI Home Loan Eligibility |
| ICICI Express Home Loan | – Salaried and Self-employed individuals
– Resident and Non-Resident Indians |
| ICICI Bank Land Loan | – Salaried and Self-employed individuals
– Age: 25-65 years |
| ICICI Home Loan for NRIs | – Age: 21-65 years
– Salaried applicants with 1 year of employment overseas – Self-employed applicants with 3 years of experience in current business overseas |
ICICI Bank home loan eligibility may also depend on the monthly income and credit score of its home loan applicants.
Also Read: Home Loan Eligibility of Top 10 Banks and HFCs
How to Track ICICI Bank Home Loan Status?
You can track your ICICI Bank Home Loan Status through the official website of ICICI Bank. All you need to do is enter your registered mobile number and PAN to track your home loan application status. You can also track your home loan application status by visiting the bank branch
ICICI Home Loan Customer Care
Below-mentioned are the ICICI home loan customer care number and email ID:
- Customer Care Number- 1800 1080
- For domestic customers travelling overseas- +91-22-33667777
- Backup Customer Care Number- 1860 120 7777
- Email Id- customer.care@icicibank.com
Types of ICICI Bank Home Loan
ICICI New Home Loan
- Purpose: ICICI Bank offers New Home Loan scheme for purchase or construction of a house or flat.
- Tenure: Up to 30 years
ICICI Home Loan Balance Transfer
- Purpose: Existing home loan borrowers of other banks and HFCs can avail ICICI Bank Home Loan Balance Transfer facility for transferring their existing home loans to ICICI Bank at lower interest rates.
- Tenure: Up to 30 years
ICICI Money Saver Home Loan Scheme
- Purpose: ICICI Bank Money Saver Home Loan is a home loan overdraft facility wherein the applicant can deposit surplus funds in the money saver account/home loan account and withdraw as per their requirements. ICICI Bank also offers top-up facility under the Money Saver Home Loan scheme.
ICICI Bank Express Home Loan
- Purpose: ICICI Bank offers Express Home Loans to its new as well as select existing customers for availing home loans on a fast track basis with a provisional sanction within few hours. The provisional sanction would help the prospective borrowers to negotiate with the seller or builder before finalizing the property.
- Loan Amount: Up to Rs 5 crore
- Tenure: Up to 30 years
ICICI Bank Land Loan
- Purpose: Consumers can avail ICICI Bank Land Loans to raise funds for purchasing land/plot for home construction purposes provided the construction is completed within 2 years from the date of disbursement of loan.
- Tenure: Up to 20 years
ICICI NRI Home Loan
- Purpose: NRI individuals can avail ICICI Bank NRI Home Loan for purchasing, constructing, repairing or renovating their home in India.
- Loan Amount: Up to Rs 5 crore or more
- Tenure: Up to 30 years
ICICI Home Loan Overdraft
- Purpose: Existing home loan borrowers can avail home loan overdraft facility offered by ICICI Bank wherein they can deposit surplus funds in the linked overdraft account within the predetermined limit and withdraw money as per their requirements. The interest is charged only on the amount withdrawn.
- Loan Amount: Rs 5 lakh-Rs 5 crore
ICICI Bank Step Up Home Loans
- Purpose: ICICI Bank Step Up Home Loans applicants can avail higher loan amounts as compared to their home loan eligibility under regular home loans. The repayment schedule is divided into two terms- Initial or Primary Term wherein the borrower has to pay only the interest part and Secondary or Balance Term wherein the total EMI, i.e., the interest and the principal is payable. Under this scheme, the prospective home loan borrowers can increase their loan amount eligibility by up to 20%.
- Loan Amount: Up to Rs 3 crore
- Tenure: Up to 30 years
ICICI Instant Home Loans (Pre-approved)
- Purpose: ICICI bank offers Instant Home Loans also known as ICICI Pre-approved Home Loans with instant sanction to those having their salary accounts with ICICI Bank.
- Loan Amount: Up to Rs 3 crore
- Tenure: Up to 30 years
ICICI Pre-Approved (Instant) Balance Transfer
- Purpose: ICICI Bank offers pre-approved instant home loan balance transfer facility to existing customers of other banks and HFCs for transferring their existing home loans to ICICI Bank at lower interest rates. The lender offers a sanction letter to the applicant that is valid 6 months.
- Loan Amount: Up to Rs 1 crore
- Tenure: Up to 20 years
ICICI Bank 24 hours Top-up Loan
- Purpose: Consumers can avail ICICI Bank Pre-approved Top-up Loans branded as “24 hours Top-up Loans” wherein the bank provides instant sanction on Top-up Loan to its select existing customers. Such loans are offered over and above the existing home loans to meet the personal requirements of the applicants, such as travel, wedding, education, home renovation, medical emergency, etc.
- Loan Amount: Up to Rs 1 crore
- Tenure: Up to 10 years
ICICI Insta Home Loan Overdraft (Pre-Approved)
- Purpose: Consumers can avail pre-approved digital ICICI Bank Insta Home Loan Overdraft facility with instant access to funds to meet the personal expenses, such as education, home renovation, debt consolidation, other emergencies, etc.
- Loan Amount: Up to Rs 1 crore
ICICI Insta Home Top-up Loan (Pre-Approved)
- Purpose: ICICI Bank offers Pre-approved Insta Top-up Home Loans to its existing home loan borrowers over and above their existing home loans wherein they can apply digitally either through mobile or internet banking. The loan amount gets disbursed instantly to the savings account linked to the existing home loan account.
- Loan Amount: Up to Rs 1 crore
- Tenure: Up to 10 years
FAQs on ICICI Bank Home Loan
What is the current home loan rate of ICICI Bank?
ICICI Bank home loan interest rates starting from 8.75% p.a. onwards to its pre-approved customers depending on their credit profile.
What is the eligibility to avail ICICI bank home loan?
The home loan eligibility of the applicants depend upon their age, monthly income, customer’s profile, credit history, retirement age, etc.
Is it mandatory to have a co-applicant while applying for ICICI Bank Home Loan?
ICICI Bank has not specified the necessity of having a co-applicant while applying for ICICI Bank Home Loan. However, having a co-applicant combines their income and creditworthiness with the primary applicant, thereby, increasing the eligibility and loan amount for the home loan.
How to reduce ICICI Bank Home Loan interest rate?
Existing home loan borrowers of ICICI Bank can request the bank to reduce their interest rates. However, the bank would charge a conversion fee of 0.5% of outstanding principal on switching to lower interest rates. In case, the bank does not reduce your home loan interest rates, you can transfer your home loans from ICICI Bank to other lenders offering home loans at lower interest rates.
What is the minimum salary required to get ICICI Home Loan?
ICICI bank has set the minimum monthly salary eligibility of Rs 25,000 for its home loan applicants.
How can I download my ICICI Bank Home Loan certificate?
You can download your ICICI Bank Home Loan certificate through the ICICI Bank Home Loan mobile app, iMobile Pay. You can also get your ICICI Bank Home Loan certificate by visiting the ICICI Bank branch.
If I opt for increasing my ICICI Home Loan EMI, can I decrease it in the future?
Once you opt for increasing your home loan EMI, ICICI Bank may not allow you to decrease the EMI later. Moreover, decreasing the EMI would result in loan restructuring, which is considered as a credit negative even for the borrower and may adversely impact.
Does ICICI Bank offer pre-approved home loans?
ICICI Bank offers pre-approved instant home loans to its premium/select customers maintaining their salary account with the bank. The loan amount offered is based on the salary credits appearing in the salary account.
What is the validity of sanction letter issued at the time sanction of instant home loan?
The sanction letter is valid up to 6 months during which you get your home loan disbursed.
Can I choose between a fixed and floating rate of interest?
ICICI Bank offers home loans at floating rates only.
Can I make part-prepayments on my home loan availed from ICICI Bank?
Yes, you can prepay your home loan availed from ICICI Bank. It does not levy any prepayment charges on floating rates of interest.
How can you plan your home loan EMIs without burdening your finances?
Prospective home loans applicants should use online home loan EMI calculators to plan their monthly EMIs prior to making home loan applications. This is because lenders prefer home loan applicants whose total EMIs, including existing and planned home loan EMIs, are between 50 and 60% of their monthly income.
Thus, employing a home loan EMI calculator reduces the possibility of home loan rejection by allowing applicants to choose a home loan tenure that keeps their total EMIs under the specified amount.
What is the home loan conversion fees charged by ICICI Bank?
If prepayment penalties apply to your ICICI Bank home loan, you will be charged conversion fees equal to 0.5% of the remaining balance for lowering the floating interest rate, 2% of the remaining balance for changing the loan from semi-fixed to floating interest rate, 0.5% of the remaining balance for changing the loan from floating to semi-fixed interest rate, and 2% of the remaining balance for switching from fixed to floating interest rate. ICICI Bank levies conversion fees of Rs 1,000 for home loans in which prepayment penalties are not applicable in all of the aforementioned situations.
What is pre-EMI in ICICI Home Loan?
In case of home loans partially disbursed by ICICI Bank, the borrowers are required to service only the interest component till the full disbursal of the loan amount. ICICI Bank has termed the ‘interest-only payment’ period as Pre-EMI (PEMI). The payment of the full EMI, which includes interest and principal component, starts after the final disbursal of the loan amount.
However, in popular parlance, pre-EMI period refers to the repayment term wherein the home loan borrower has to service the interest cost of the loan till a pre-determined period and/or on the possession or completion of the construction of home property, irrespective of the stages of loan disbursal.
From where do I get my ICICI Bank Home Loan details?
You can get your ICICI Bank Home Loan details either through the official website of ICICI Bank or through its official mobile banking app, iMobile. You can also contact the customer care or visit the ICICI Bank branch for any queries related to your ICICI Bank Home Loan.
What is the ICICI Bank Home Loan interest rate for women?
ICICI Bank has not specified any special home loan interest rates for female borrowers. The ICICI Bank home loan interest rates offered to female borrowers are the same as that offered to regular home loan borrowers. Hence, the interest rates for female borrowers of ICICI Bank start from 8.75% p.a. onwards.
From where can I download my ICICI Bank Home Loan statement?
ICICI Bank Home Loan borrowers can download their home loan statements either through the official website of ICICI Bank or through its mobile app, iMobile. Alternatively, borrowers can also visit ICICI Bank branches to get their home loan statement.
Can I track my ICICI Bank Home Loan application status?
Yes, you can track your ICICI Bank Home Loan application status either through the official website of ICICI Bank or through its mobile banking app, iMobile. You can also check the status of your home loan application through the ICICI Bank branch or by contacting the ICICI Bank Home Loan customer care service.
What is the customer care email Id for ICICI Bank Home Loan?
The customer care email ID for ICICI Bank Home Loan is customer.care@icicibank.com.
What is the disbursement process for ICICI Bank Home Loan?
Once an applicant receives home loan sanction from ICICI Bank, the lender would ask the applicant to sign the mandates, disbursement request form and facility agreement of loan amount. The applicant would have to also submit the original documents related to the home purchase transaction for validating the collateral security. Once these processes are completed, ICICI Bank would make loan disbursements depending on the banking proof submitted and the s date of EMI, date of disbursement and mode of disbursement chosen by the applicant.
What is the processing time of ICICI Bank Home Loan?
ICICI Bank claims to take around 1-2 weeks to sanction home loans. However, the processing time can vary depending on the accuracy and verification of the applicants’ financial documents and the time taken for property and legal checks. The time taken for home loan sanction would also depend on how promptly the applicants submit the required documents. Post-sanction of the home loan application, the bank would carry out legal and technical evaluation of the property and the applicant would have to sign the disbursement-related documents. Once all the processes are ticked, the bank would make disbursements depending on the disbursement date, EMI date and mode of disbursement chosen by the applicant.