ICICI Bank Home Loan
Apply for ICICI Bank Home Loan for purchase or construction of a house or plot at interest rate starting at 7.70% p.a for up to 30 years. The lowest EMI is Rs. 713 per lakh and processing fees is 0.50% - 2.00% of the sanctioned amount.
Apply for ICICI Bank Home Loan @ 7.70% Interest Rates
ICICI Home Loan Details
Following are the ICICI Bank Home Loan fees & Charges:
| Loan amount | Up to 5 Crores |
|---|---|
| Rate of interest | 7.70% |
| Tenure | Up to 30 years |
| Lowest EMI possible | Rs. 713 Per Lakh |
| Processing fee | 0.50% - 2.00% of the loan amount + applicable taxes |
| Charges for Late Payment | 2% per month |
| Foreclosure Charges | Nil for floating rates |
| Penal Interest Rate | 2% per month |
| CIBIL Score | 750 or Above |
ICICI Home Loan Features
The features of ICICI Bank Home Loans can be summarised as:
- Interest rate: ICICI Home Loan Interest Rates are linked to Repo Rate and start from 7.70% per annum
- Loan amount: The bank offers loan up to 90% of the property value, subject to a maximum of Rs. 5 Crores.
- Processing fees: The processing fee is nominal and varies from 0.50% to 2% of the loan amount or Rs. 1,500 (Rs. 2,000 for Mumbai, Delhi & Bangalore), whichever is higher + applicable GST.
- ICICI repayment tenure: The loan can be repaid in flexible tenure of up to 30 years.
- Lowest EMI possible: The lowest EMI offered by the bank is Rs. 805 Per Lakh.
- Prepayment: The ICICI home loan can be prepaid at zero additional charges for loans with floating rate of interest.
- Eligible applicants: Existing as well as non-ICICI Bank salaried and self-employed customers can apply for the loan. Non Resident Indian (NRIs) can also apply for ICICI home loan.
ICICI Bank Home Loan Benefits
- Competitive ICICI Home Loan interest rate
- Affordable EMI plans- step up option available
- Preapproved online sanction
- Simplified documentation
- Quick ICICI Home loan Processing
- Online application tracking
- Seamless digital customer support
- Repayment flexibility
- Responsive website & app
- Easy overdraft, top up and/or balance transfer options
- PMAY credit linked subsidy for eligible borrowers
You can also check Banglarbhumi West Bengal Land Record located in West Bengal.
ICICI Home Loan Interest Rate
ICICI Bank Home Loan Interest Rates are offered as fixed as well as floating interest rates. Primarily home loans are offered at variable rates, linked to repo rate.
Special ICICI Bank Home Loan Interest Rates 2025
| Credit Score | Salaried | Self Employed |
|---|---|---|
| >=800 | 8.75% | 8.75% |
| 750-800 | 8.75% | 8.85% |
Latest ICICI Bank Home Loan Floating Interest Rate (linked to Repo Rates) are as under:
| Category | Salaried | Self Employed |
|---|---|---|
| Up to Rs 35 lakhs | 8.75% - 9.40% | 8.75% - 9.55% |
| Rs 35 lakhs to Rs 75 Lakh | 8.75% - 9.55% | 8.75% - 9.70% |
| Balance Transfer | 9.25% to 9.65% | 9.40% to 9.80% |
Compare ICICI Home Loan with Other Banks
| Lender | Maximum Loan Amount | Maximum Tenure | Interest Rate | Processing Fee |
|---|---|---|---|---|
| ICICI Home Loan | 90% of property value | 30 years | 7.70% | 0.50% of the loan + GST |
| HDFC Home Loan | 90% of property value | 30 years | 7.90% - 9.00% | Up to 0.50% + applicable taxes |
| Canara Home Loan | 4 times gross annual salary/average gross annual income of 4 years | 30 years | 8.40% to 11.25% | 0.50% + applicable taxes |
| SBI Home Loan | 90% of property value | 30 years | 7.50% - 8.45% | Up to 0.35% + GST |
| Kotak Home Loan | 90% of property value | 25 years | 7.99% | Up to 0.50% + GST |
ICICI Bank Home Loan Processing Fees & Charges
| Description of Charges | Applicable Charges |
|---|---|
| Special Processing Fee | Rs 2,999 (Special processing fee as a part of Festive Offer, applicable to applicants with Credit Score ≥ 750 & Loan amount ≥ 50 Lakhs & inclusive of all taxes, CIBIL & CERSAI charges, if applicable) |
| Loan Processing Charges (Non-refundable) | 0.50% of the loan amount + applicable tax & surcharge. (Min: Rs 2000) |
| Late payment charges | 2% per month |
| Pre-payment Charges |
|
| Home Loan Conversion Charges |
|
| Charges for Document Retrieval | Rs 500 |
| Charges for Swapping Repayment Mode | Rs 500 |
| Charges for Cheque/ECS/AD Bounce | Rs 500 |
| Charges for CIBIL Report | Rs 50 |
Check for 25 lakh home loan EMI and apply easily on MyMoneyMantra.
ICICI Home Loan Scheme & Offers
Let’s explore types of ICICI Bank Home Loans below:
ICICI Instant Home Loan
- Scheme for ICICI Salary account customers
- Preapproved offer up to 3 Crore
- No documents required for sanction
- Get instant sanction letter, valid for 6 months
- Pay discounted processing fees only
- Eligibility as per salary credits in the account
- Max tenure of 30 years
- Documentation required prior disbursement only
ICICI Express Home Loan
- ICICI home loan scheme for all resident Indians
- Both salaried as well as self employed can apply
- Online application process
- Fast digital sanction
- Attractive housing interest rate
- Check eligibility online
ICICI Insta Top Up Loan
- ICICI Home Loan Top up scheme for existing HL customers
- Preapproved offer up to 1 Crore
- Can be applied through SMS, iMobile app or internet banking
- No documentation required
ICICI Instant Balance Transfer Home Loan
- Preapproved offer for ICICI Salary Account customers
- Eligibility criteria are similar to ICICI Instant Home Loan
- Discounted processing fee
- Up to two mortgage loans can be transferred
- Up to Rs 3 Crore can be transferred
ICICI - PMAY
- Interest subsidy up to Rs 2.67 lakh
- Loan repayment tenure up to 20 years.
- Schemes for first time home buying households
ICICI NRI Home Loan
- Exclusive offers for non residents
- NRIs can choose from home loan, home improvement and land loan.
- NRI Home loan is available for 30 Years
- Home Improvement Loan is available for 15 Years
- While land loan can be availed of for 20 Years
- Attractive interest rates on both fixed and floating rate variants
- Zero part-payment charges
- Free personal accident insurance
- Doorstep services till disbursement (in India).
ICICI Bank Extraa Home Loan:
- Special home loan scheme with Indian Mortgage Guarantee Corporation (IMGC)
- Enhances up to 20% additional home loan eligibility
- Repayment age can be extended up till 67 years
- Maximum ICICI Home Loan amount of Rs. 2 Crores.
- Open to a wide range of applicants such as self-employed, salaried, young and middle-aged customers.
ICICI Bank Saral Rural Housing Loan
- Scheme for empowering people in rural areas
- Funding for buying, constructing, repairing or up-gradation of a house
- ICICI Loan amount ranges from Rs. 5 Lakhs to Rs. 15 Lakhs
- Tenure range from 3 to 20 years
ICICI Bank Pragati Home Loans:
- Scheme for low income group
- Minimum eligible income of Rs 10,000 per month
- Salaried as well as self employed can apply
- Loans up to Rs 5 lakh to Rs 50 lakh
- Tenure up to 20 years
- Easy Balance Transfer facility available
ICICI Pratham Home Loans:
- Pratham is another ICICI housing loan for affordable homes
- Minimum salary of Rs. 10,000 per month to apply
- Self-employed should have business vintage of 5 years
- ICICI Home Loan amount up to Rs. 50 Lakhs
- Maximum tenure of 20 years
ICICI Land Loan
- Loan to buy land for construction of a residential property.
- Construction should be completed within 2 years from the disbursement date
- Rate of interest is affordable and similar to regular Home Loans
- ICICI Land loan amount ranges from Rs 8 Lakh to Rs. 3 Crore
- Maximum tenure for ICICI Land Home Loan is 20 years
- The age of the applicant should be between 25 to 65 years.
- Both salaried and self employed can apply.
Additional Reading: Check ICICI Cibil Score
ICICI Home Loan Eligibility Criteria
Home loan eligibility criteria for ICICI Housing Loan is determined basis your monthly income, current age, fixed monthly obligation, credit repayment history, market value of property etc. So make sure, you put a tick on all of these factors for securing the best ICICI bank Home Loan rate of interest.
Here are the eligibility specifics for ICICI Home Loans:
Eligibility for Salaried-
Age: 23 - 58 years
Minimum net monthly income: Rs. 30,000
Other factors: employment type, relationship with ICICI Bank
Total years in job or profession: Minimum 2 Years
Years in current residence: Minimum 1 year
Eligibility for Self-employee
Age: Minimum 28 years for self-employed & 25 years for doctors.
The maximum age should not be over 65 years.
Minimum turnover: Rs. 40 Lakhs for non-professionals and Rs. 15 Lakhs for professionals (as per audited financials).
Minimum profit after tax: Rs. 2 Lakhs for proprietorship firms/ self-employed individuals and Rs. 1 Lakh for non-professionals (as per audited financials).
Stability in current business: Minimum 5 years (3 years for doctors)
Relationship with ICICI Bank: 1 year liability relationship (Current/ Savings Account) or Asset Relationship (loan) either active or closed in the last 36 months. The repayment track record must be clean.
Always use ICICI Home Loan Interest Rate Calculator to determine eligibility and affordability of the loan. You can also use MyMoneyMantra EMI calculator. These are free tools to ease customer borrowing journey.
Documents Required for ICICI Bank Home Loan
ICICI Bank ensures minimal documentation and ease of application for the customers. Thus home loan can be conveniently applied online by submitting following documents.
List of documents required for ICICI Bank Home Loan
- Duly filled Home Loan application form along with self attested photograph.
- KYC documents for Identity, residence & age proof.
- Proof of Identity (any one): Passport / Driving License / Voter’s ID / PAN
- Proof of Residence (any one): Driving License / Registered Rent Agreement / Latest Utility Bill
- Proof of Age (any one): PAN / Passport/ Driving License/ Voter ID / Birth certificate/ Employee ID / School or college leaving Certificate
- Bank account statements for last 6 months
- Processing fee cheque
For income proof, salaried individuals needs to submit:
- Last 3 months Salary-slips
- Form 16
The self employed must submit following documents as income proof:
- last 3 year’s Income Tax Returns with computation of Income
- Balance Sheet and Profit & Loss Account audited by CA
- proof of business existence
- Business profile
- Professionals must offer education qualification certificate along the other self employed documents
How to Calculate ICICI Home Loan EMI?
You can Calculate ICICI Home Loan EMI using an online Calculator. Share loan details such as loan amount, rate of interest, and loan tenure in the ICICI Home Loan EMI Calculator and instantly you will get access to EMI and total interest repayable for the Home Loan. You can also use MyMoneyMantra Home Loan EMI Calculator to get these details along with amortisation schedule for the loan.
The EMI Calculator is one of the best tools for making an informed decision. Whether you are looking for a new home loan or want to transfer the balance and refinance your home loan, an EMI Calculator can help you understand the affordability of the loan decision. It also helps you compare offers from different banks.
ICICI Bank Home Loan EMI Calculation
| Loan Amount | 10 years | 20 years | 30 years |
|---|---|---|---|
| Rs.10 lakh Home Loan | Rs.12,133 | Rs. 8,364 | Rs. 7,338 |
| Rs.20 lakh Home Loan | Rs. 24,266 | Rs.16,729 | Rs.14,675 |
| Rs.30 lakh Home Loan | Rs. 36,398 | Rs. 25,093 | Rs. 22,013 |
| Rs.40 lakh Home Loan | Rs. 48,531 | Rs. 33,458 | Rs. 29,351 |
| Rs.50 lakh Home Loan | Rs. 60,664 | Rs. 41,822 | Rs. 36,688 |
| Rs.60 lakh Home Loan | Rs. 72,797 | Rs. 50,186 | Rs. 44,026 |
*For EMI calculation purpose, flat rate of Interest @ 7.70% p.a. is considered. The calculation is indicative only. Your EMI schedule will vary as per rate of interest offered to you.
ICICI Pradhan Mantri Awas Yojana (PMAY) Subsidy 2025
Pradhan Mantri Awas Yojana (PMAY) is a government backed credit linked subsidy scheme for home loans. The scheme was launched to provide affordable mortgage schemes to first time home owners across the urban and rural areas. It offers subsidy up to Rs 2.67 lakh annually.
The beneficiaries are divided into 4 categories: Economically Weaker Section (EWS), Low Income Group and Middle Income Group (MIG) 1 and Middle Income Group (MIG) 2. The scheme strives to provide access to housing for all Indians by 2024.
To avail PMAY benefit on your ICICI Home Loan, all you need to do is share details on PMAY website and notify your bank. The benefit is directly processed online. The MIG Categories last applied for PMAY CLSS scheme until March 31, 2021. For LIG & EWS categories last date of application is March 31, 2024.
ICICI Bank Home Loan Customer Care
Any existing customer who has any complaint or a query regarding ICICI Home Loan, can contact ICICI Bank Home Loan customer care team by calling at 1860 120 7777
The helpline is available from Monday to Friday between 9 a.m. to 6 p.m.
Alternate city wise ICICI customer care numbers:
Chennai: 044 33667777
Kolkata: 033 33667777
Mumbai: 022 33667777
Delhi: 011 33667777
Domestic Customers Travelling Overseas: +91-40-7140 3333
*Call charges will apply.
Alternatively, you can email your query through website interface or drop in query at dropbox of helpdesk at branch/ATM.
Write to ICICI bank at:
ICICI Bank Limited, ICICI Phone Banking Center, ICICI Bank Tower, 7th floor, Survey no: 115/27, Plot no. 12, Nanakramguda, Serilingampally, Hyderabad – 500032
ICICI Bank Home Loans FAQs
Any resident or Non resident Indian can apply for ICICI Home Loan to buy or construct residential plot or property. The applicant should abide by minimum age, income and other eligibility criteria.
No. Full term fixed rate home loans are not linked to internal or external benchmarks. As the name suggests, lending rate is fixed for the entire tenor of the loan.
Yes, ICICI Home Loan can be instantly applied online through MyMoneyMantra. All you need to do is click on apply or eConnect with Bank option.
All existing ICICI Bank customers can switch from existing system of FRR/ PLR/ I-Base/ MCLR to Repo linked rate at applicable rates.
You must visit the nearest ICICI Branch (asset servicing) and submit the conversion request letter with your loan details.
Yes, ICICI you can apply for home loan transfer from your existing lender to ICICI bank. You can avail of reduced interest rate and adjust EMI & tenure as per your financial health.
There are no prepayment charges for Home Loans on floating interest rates. However, Home Loans with fixed interest rates involve prepayment charges of up to 4% of the principal outstanding.
Yes. While applying for a Home Loan, a borrower is required to give the reference of an Indian resident. Your Power of Attorney or resident co-applicant can also be a reference.