ICICI 
Home Loan Interest Rates

ICICI Bank, the leading provider of home loans in India. ICICI Home Loan Interest rate range between 6.75% to 7.55% p.a. Linked to REPO rate and reset quarterly, ICICI Home Loan Interest rate 2021 are surely the most affordable. Check your ICICI Bank home loan eligibility and avail of the best offers on ICICI Home Loan Interest rate 2021.

ICICI Home Loan Interest Rates

Here are some details on loan from the bank and ICICI home loan interest rate:

  • Interest rate – 6.90%* P.a
  • EMI starts at a nominal cost of INR 5269/-
  • Subsidised Home loan interest rates that are connected with PMAY (Pradhan Mantri Awas Yojna)
  • The seamless facility of balance transfer
  • Unique concessional offers for salaried customers
  • Maximum loan ranging up to INR 3,00,00,000/-
  • Maximum repayment tenure up to 30 years
  • No prepayment charges on the loan

Let’s proceed further for a quick insight on what is the home loan interest rate in ICICI.

ICICI Home Loan Interest Rates for Salaried and Self Employed

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:

Loan AmountSalariedSelf Employed
Up to ₹ 35 lacs6.90% - 7.60%7.05% - 7.85%
₹ 35 L to ₹ 75 lacs7.00% - 7.75%7.10% -7.95%
Above ₹ 75 lacs7.00% - 7.95%7.10% - 8.05%

ICICI home loan rates for multiple housing schemes

ICICI Bank Instant Home Loan

  • The loans are pre-approved up to INR 1,00,00,000/-made available, especially for customers with an ICICI Bank salary account. 
  • There are no stringent documentation policies required to be submitted at the time of sanction of the loan. 
  • The processing fee is given at a concessional rate.
Borrowers TypeFloating Rate of Interest (% p.a.)Processing Fee
Salaried8.65-9.25Up to 2% of the loan amount + applicable tax


 

Self-employed

8.80 – 9.40Up to 2% of the loan amount + applicable tax

ICICI Bank 30 Year Home Loan

  • Providing floating and fixed rates that are competitive in the current market.
  • Maximum repayment tenure up to 30 years for easy and affordable EMIs
  • EMIs/lakh go as low as INR 808/-
Borrowers TypeFloating Rate of Interest (% p.a.)Processing Fee
Salaried6.90– 7.95Up to 2% of the loan amount up to INR 1500/-
Self-employed7.05 – 8.05Up to 2% of the loan amount up to INR 1500/-

ICICI Bank Step Up Home Loans

  • Best suited for salaried professionals who are young and whose income falls under the moderate bracket.
  • Minimum monthly income requirement goes as low as INR 20,000/-
  • Maximum repayment tenure up to 20 years for easy and affordable EMIs
Borrowers TypeFloating Rate of Interest (% p.a.)Processing Fee
For All6.90– 8.05Up to 2% of the loan amount up to INR 1500/-

* Rs.2,000 in Bangalore, Delhi and Mumbai

  • ICICI Bank NRI Home Loan
    • NIL payment needed in case of prepayment
    • It is providing floating and fixed rates that are competitive in the current market.
    • The calculated Interest rates get reduced on a monthly basis
    • Processing Fee goes up to 2% of the loan amount plus applicable tax

ICICI Interest rate vs other banks 

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:

BanksInterest Rate (p.a.)Processing Fees
Kotak Mahindra Bank6.65%*0.50%
Citibank6.75%Rs. 10,000
Union Bank of India6.80%*-
Bank of Baroda6.85%Rs. 8,500 - Rs. 25,000
Central Bank of India6.85%Rs. 20,000
Bank of India6.85%Rs. 1,500 - Rs. 20,000
State Bank of India6.70%*0% - 0.35%
HDFC LTD6.75%*Rs. 3,000 - Rs. 4,500
ICICI Bank6.90%Rs. 3,000
LIC Housing Finance6.90%Rs. 10,000 -Rs. 15,000
Axis Bank6.90%Rs. 10,000
Canara Bank6.90%Rs. 1,500 - Rs. 10,000
Punjab and Sind Bank6.90%Full Waiver
IDFC First Bank7.00%Rs. 5,000 - Rs. 5,000
Bank of Maharashtra7.05%Rs. 10,000
Indian Overseas Bank7.05%0.50% (Max Rs. 20,000)
Punjab National Bank6.80%0.35% (Max Rs. 15,000)
United Bank of India7.10%0.59% (Rs. 1,180 - Rs. 11,800)
UCO Bank7.15%0.15% (Rs. 1,500 - Rs. 15,000)
DBS Bank7.20%0.25% (Rs. 10,000)
IDBI Bank6.90%0.50% (Rs. 2,500 - Rs.5,000)
HSBC Bank7.45%1% (Rs. 10,000)
Karur Vysya Bank7.45%Rs. 5,000
Saraswat Bank Home Loan7.55%Nill
Jammu and Kashmir Bank7.70%Rs. 500 - Rs. 10,000
South Indian Bank7.90%0.50% (Rs. 5,000 - Rs. 10,000)
PNB Housing Finance7.35%0.25% - 0.50% (Rs. 10,000)
Federal Bank7.90%Rs. 3,000 - Rs. 7,500
Standard Chartered Bank7.99%1%
Aavas Financiers8.00%1.00%
Karnataka Bank8.17%Rs. 250
Sundaram Home Finance6.95%Rs.3,000 (for salaried)
Dhanalakshmi Bank8.25%Rs. 10,000
Tata Capital8.50%0.50%
Tamilnad Mercantile Bank8.65%Rs. 15,000
IIFL8.70%1.25%
DHFL Housing Finance8.75%Rs. 2500
Bandhan Bank8.75%1% (Rs.5,000)
Yes Bank8.85%1% (Rs. 10,000)
Hudco Home Loan8.95%NA
Indiabulls8.99%2%
Aditya Birla9.00%1%
GIC Housing Finance9.10%Rs. 2,500
Reliance Home Finance9.75%Rs. 3,000 - Rs. 6,500
Shriram Housing10.49%NA
India Shelter Finance13.00%2.00%

ICICI Home Loan Rate Trends 

PeriodFloating interest rate (Per cent, per annum)EMI per Rs one lakh (in Rs)Processing fee
May 20216.75-7.75760-8210.50% of the loan amount, plus applicable taxes.
April 20216.70-8.05757-8400.50% of the loan amount, plus applicable taxes.
March 20216.70-8.05757-8400.50% of the loan amount, plus applicable taxes.
February 20216.80-8.05763-8400.50% of the loan amount, plus applicable taxes.
January 20216.90-8.05769-8400.50% of the loan amount, plus applicable taxes.
20206.90-8.05769-8400.50% of the loan amount, plus applicable taxes.

ICICI Home Loan Balance Transfer Interest Rates

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 6.95% to 8.05% 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 - Upto 30 years base don the loan type

Processing Fees - 0.5% + applicable taxes

SlabSalaried BorrowerSelf - Employed
Up to 35 lakh6.96%7.20%
35 lakh to 75 lakh7.20%7.35%
Above 75 lakh7.30%7.45%

Check Free Cibil Score for Home Loan

Additional Charges and Fees to take a note of when applying for ICICI Home loan

CIBIL Report ChargesRs.50 + applicable taxes
Administrative ChargesRs.5,000 + applicable taxes
Prepayment ChargesUp to 2% of the outstanding amount + applicable taxes (only on fixed-rate Home Loan and Top Up Loan)

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ICICI Bank Home Loan Interest Rates FAQs

What is the current ICICI home loan rate?

Currently, ICICI bank is considered one of the most leading and competitive financial players in the economy. As of June 2021, these are the rates related to ICICI Bank home loans:

Interest Rate: It is 6.75% Onwards 

Loan Tenure: It is up to 30 years

Loan Amount: Depends on the applicant’s credit profile

Processing Fee: 1% – 2% of loan amount (Min. Rs. 1,500) + GST

Which is better: ICICI or ICICI for home loans?

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.

What is the EMI for a 20 lakh home loan?

ICICI Home Loan Interest Calculation

Amount10 years20 years30 years
INR 20,00,000/-INR 22,913/-INR 15,147/-INR 12,905/-

4 What is the interest of 30 lakh in ICICI?

Loan AmountSalariedSelf Employed
Up to ₹ 35 lacs6.90% - 7.60%7.05% - 7.85%

What are the processing fees for ICICI home loans?

ICICI Home Loan Processing Fee and Charges

Processing FeesProcessing fees range from 0.50% to 1% 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 Rate6.75% p.a. onwards
Maximum Tenure30 years

ICICI Instant Home Loan Processing Fees

  • Processing fees are 0.25% of the loan amount plus applicable taxes.
  • Maximum loan amount up to INR 1 crore/-
  • Maximum tenure up to 30 years.

ICICI 30 Year Home Loan Processing Fees

  • Processing fees range from 0.50% to 1% 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/-
  • Primarily made available to women borrowers and individuals working for a selected lot of companies.
  • Longer repayment tenure made available for easy repayments of EMI

ICICI Balance Transfer and Top-Up Home Loan Processing Fees

  • Processing fees range from 0.50% to 1% 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/-
  • The loan amount ranges between INR8 lakh and INR 5 crore for both salaried and self-employed individuals.
  • Maximum tenure ranges up to 30 years.

ICICI Extra Home Loan Processing Fees

  • Processing fees range from 0.50% to 1% 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/-
  • The facility provided to increase the loan amount by up to 20%.
  • Repayment tenure ranges up to the age of 67 years.

ICICI Insta Top-Up Loan Processing Fees

  • Processing fees range from 0.50% to 1% 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/-
  • The loan tenure ranges up to 10 years.
  • The loan amount ranges up to INR 20 lakh.

ICICI Pragati Home Loan Processing Fees

  • Processing fees range from 0.50% to 1% 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/-
  • The loan amount ranges between INR 5 lakh/- to INR 50 lakh/-

ICICI Home Improvement Loan Processing Fees

  • Processing fees range from 0.50% to 1% 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/-

ICICI Saral Housing Loan Processing Fees

  • Processing fees range from 0.50% to 1% 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/-
  • Loan amount goes up to 90% of the property value (between INR 5 lakh/- to INR 50 lakh/-)
  • The loan tenure ranges between 3 to 20 years.

ICICI 24 Hours Top-Up Loan Processing Fees

  • Processing fees range from 0.50% to 1% 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/-
  • The loan is processed within 24 hours.
  • The loan amount ranges up to INR 25 lakh.
  • Loan tenure goes up to 10 years.

How is ICICI moratorium interest calculated?

To calculate the impact of Moratorium on your EMI, you need to enter the following details about your existing loan:

  • Current outstanding loan amount
  • Existing EMI amount
  • Current interest rate
  • Moratorium period you are opting for