ICICI Bank, the leading provider of home loans in India. ICICI Home Loan Interest rate range between 8.75% p.a. Linked to REPO rate and reset quarterly, ICICI Home Loan Interest rate 2024 are surely the most affordable. Check your ICICI Bank home loan eligibility and avail of the best offers on ICICI Home Loan Interest rate 2024.
ICICI Home Loan Interest Rates - 2024 | |
---|---|
Interest Rate | 8.75% onwards |
Loan Tenure | Up to 30 years |
Loan Amount | Up to 5 Crores |
Processing Fees | 0.50% of loan amount + GST |
Here are some details on loan from the bank and ICICI home loan interest rate:
Let’s proceed further for a quick insight on what is the home loan interest rate in ICICI.
If you are interested in opting for a home loan, it is recommended to go for ICICI Bank, making the entire process fast and simple. A Home Loan from ICICI Bank is a catch in the current scenario. The bank offers home credits to both salaried and independently employed at fixed and floating rates as per the buyer’s preference. Peruse more to know the subtleties underneath:
Credit Score | Salaried | Self Employed |
---|---|---|
>=800 | 8.75% | 8.75% |
750-800 | 8.75% | 8.75% |
As we comprehend the basic job a home loan interest rate plays in deciding the general cost of our home, you need to basically investigate the market places of today and afterward settle on your chosen advance type. Here's an examined rundown of the majority of the banks in the current economy offering the service of home loans. While there still are different components to take a gander at and consider, we should initially investigate the current market rates:
Top Banks | Interest Rates |
---|---|
HDFC Bank | 8.75% - 9.65% |
Kotak Mahindra Bank | 8.75% |
PNB Housing Finance | 8.50% |
Bajaj Finserv | 8.50% - 15.00% |
Federal Bank | 8.80% |
State Bank of India | 8.50% - 10.05% |
ICICI Bank | 8.75% |
Tata Capital | 8.75% |
Bank of Maharashtra | 8.35% - 8.90% |
Borrowers Type | Floating Rate of Interest (p.a.) | Processing Fee |
---|---|---|
Salaried | 9.00% - 9.90% | Up to 0.50% - 2.00% of the loan amount + applicable tax |
Self-employed | 9.00% - 10.05% | Up to 0.50% - 2.00% of the loan amount + applicable tax |
Borrowers Type | Floating Rate of Interest (% p.a.) | Processing Fee |
---|---|---|
For All | 9.00% – 10.05% | Up to 0.50% - 2.00% of the loan amount up to INR 3000/- |
* Rs.2,000 in Bangalore, Delhi and Mumbai
ICICI Bank Home Loan balance transfer allows you to move your current home loan obligation from different banks or NBFCs (Non-Banking Financial Companies) to ICICI Bank. The assistance is accessible at alluring transfer rates going from 8.75% p.a. This assists you with taking care of your current loans by means of one single loan record at lower interest fees. You can even opt for a top-up loan while making this transfer.
Loan Type - Home Loan, Non-Residential Premises Loan, Loan Against Property,
Loan Amount - Minimum Rs.8 lakh to Maximum Rs.5 crores
Tenure - Up to 30 years base don the loan type
Processing Fees - 0.50% + applicable taxes
Slab | Salaried Borrower | Self - Employed |
---|---|---|
Up to 35 lakh | 9.25% - 9.65% | 9.40% - 9.80% |
35 lakh to 75 lakh | 9.50% - 9.80% | 9.65% - 9.95% |
Above 75 lakh | 9.60% - 9.90% | 9.75% - 10.05% |
Apply for instant home loan online at Interest Rate starting from as low as 8.50% p.a. Pay EMI of just Rs. 769 per Lakh. Loan can be repaid in flexible tenure of up to 30 years. Apply now with minimal documentation. Check eligibility & get instant approval here.
Currently, ICICI bank is considered one of the most leading and competitive financial players in the economy. As of MAY 2022, these are the rates related to ICICI Bank home loans:
Interest Rate: It is 8.75% p.a Onwards
Loan Tenure: It is up to 30 years
Loan Amount: Depends on the applicant’s credit profile
Processing Fee: 0.50% – 2% of loan amount (Min. Rs. 1,500) + GST
The ICICI bank itself services ICICI home loans. Being one of the top players in the current market, the bank provides optimum facilities at lower rates. ICICI has established itself as a trustable bank and is now backed by most of the population for their financial needs and gains. ICICI is your go-to bank, with ICICI for home loans being one of its critical facilities regarded for various features and benefits.
Amount | 10 years | 20 years | 30 years |
INR 20,00,000/- | INR 25,335/- | INR 17,995/- | INR 16,092/- |
Loan Amount | Salaried | Self Employed |
Up to Rs. 35 lacs | 9.25% - 9.65% | 9.40% - 9.80% |
Processing Fees | Processing fees range from 0.50% to 2% of the loan amount up to INR 1,500/-. For applicants from Delhi, Mumbai and Bangalore, the higher range goes up to INR 2,000/- |
Interest Rate | 9.00% p.a. onwards |
Maximum Tenure | 30 years |
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