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ICICI
Home Loan Interest Rates
ICICI Bank, the leading provider of home loans in India. ICICI Home Loan Interest rate range between 6.70% 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 – 6.70%* 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 Amount | Salaried | Self Employed |
| Up to ₹ 35 lacs | 6.70% - 7.15% | 6.80% - 7.30% |
| ₹ 35 L to ₹ 75 lacs | 6.70% - 7.30% | 6.80% - 7.45% |
| Above ₹ 75 lacs | 6.70% - 7.40% | 6.80% - 7.55% |
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 Type | Floating Rate of Interest (% p.a.) | Processing Fee |
| Salaried | 8.65% - 9.25% | Up to 2% of the loan amount + applicable tax |
Self-employed | 8.80% – 9.40% | Up 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 Type | Floating Rate of Interest (% p.a.) | Processing Fee |
| Salaried | 6.90– 7.95 | Up to 2% of the loan amount up to INR 1500/- |
| Self-employed | 7.05 – 8.05 | Up 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 Type | Floating Rate of Interest (% p.a.) | Processing Fee |
| For All | 6.90– 8.05 | Up 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:
| Banks | Interest Rate (p.a.) | Processing Fees |
| Kotak Mahindra Bank | 6.65%* | 0.50% |
| Citibank | 6.75% | Rs. 10,000 |
| Union Bank of India | 6.80%* | - |
| Bank of Baroda | 6.85% | Rs. 8,500 - Rs. 25,000 |
| Central Bank of India | 6.85% | Rs. 20,000 |
| Bank of India | 6.85% | Rs. 1,500 - Rs. 20,000 |
| State Bank of India | 6.70%* | 0% - 0.35% |
| HDFC LTD | 6.75%* | Rs. 3,000 - Rs. 4,500 |
| ICICI Bank | 6.90% | Rs. 3,000 |
| LIC Housing Finance | 6.90% | Rs. 10,000 -Rs. 15,000 |
| Axis Bank | 6.90% | Rs. 10,000 |
| Canara Bank | 6.90% | Rs. 1,500 - Rs. 10,000 |
| Punjab and Sind Bank | 6.90% | Full Waiver |
| IDFC First Bank | 7.00% | Rs. 5,000 - Rs. 5,000 |
| Bank of Maharashtra | 7.05% | Rs. 10,000 |
| Indian Overseas Bank | 7.05% | 0.50% (Max Rs. 20,000) |
| Punjab National Bank | 6.80% | 0.35% (Max Rs. 15,000) |
| United Bank of India | 7.10% | 0.59% (Rs. 1,180 - Rs. 11,800) |
| UCO Bank | 7.15% | 0.15% (Rs. 1,500 - Rs. 15,000) |
| DBS Bank | 7.20% | 0.25% (Rs. 10,000) |
| IDBI Bank | 6.90% | 0.50% (Rs. 2,500 - Rs.5,000) |
| HSBC Bank | 7.45% | 1% (Rs. 10,000) |
| Karur Vysya Bank | 7.45% | Rs. 5,000 |
| Saraswat Bank Home Loan | 7.55% | Nill |
| Jammu and Kashmir Bank | 7.70% | Rs. 500 - Rs. 10,000 |
| South Indian Bank | 7.90% | 0.50% (Rs. 5,000 - Rs. 10,000) |
| PNB Housing Finance | 7.35% | 0.25% - 0.50% (Rs. 10,000) |
| Federal Bank | 7.90% | Rs. 3,000 - Rs. 7,500 |
| Standard Chartered Bank | 7.99% | 1% |
| Aavas Financiers | 8.00% | 1.00% |
| Karnataka Bank | 8.17% | Rs. 250 |
| Sundaram Home Finance | 6.95% | Rs.3,000 (for salaried) |
| Dhanalakshmi Bank | 8.25% | Rs. 10,000 |
| Tata Capital | 8.50% | 0.50% |
| Tamilnad Mercantile Bank | 8.65% | Rs. 15,000 |
| IIFL | 8.70% | 1.25% |
| DHFL Housing Finance | 8.75% | Rs. 2500 |
| Bandhan Bank | 8.75% | 1% (Rs.5,000) |
| Yes Bank | 8.85% | 1% (Rs. 10,000) |
| Hudco Home Loan | 8.95% | NA |
| Indiabulls | 8.99% | 2% |
| Aditya Birla | 9.00% | 1% |
| GIC Housing Finance | 9.10% | Rs. 2,500 |
| Reliance Home Finance | 9.75% | Rs. 3,000 - Rs. 6,500 |
| Shriram Housing | 10.49% | NA |
| India Shelter Finance | 13.00% | 2.00% |
Lowest Interest Rate
Home loan interest rates are the lowest ever in the past 15 years. With raining festival offers on home loan, currently you can avail of the best interest rate on Kotak home loan @6.40% p.a for all loan amounts.
Affordable EMI plans
You can avail the lowest Home Loan EMI at Rs.626 per lakh with maximum repayment flexibility. Some options are Step-Up EMIs, Step Down EMIs, Moratorium, OD facility, balance transfer, top up and more.
No Foreclosure Charge
Home Loans at floating interest rate (linked to repo rate) offer you ultimate prepayment flexibility. There is no part or full prepayment charge. You can prepay early & reduce interest cost as per your cash flows.
Home Loan Popular Offers
ICICI Home Loan Rate Trends
| Period | Floating interest rate (Per cent, per annum) | EMI per Rs one lakh (in Rs) | Processing fee |
| May 2021 | 6.75-7.75 | 760-821 | 0.50% of the loan amount, plus applicable taxes. |
| April 2021 | 6.70-8.05 | 757-840 | 0.50% of the loan amount, plus applicable taxes. |
| March 2021 | 6.70-8.05 | 757-840 | 0.50% of the loan amount, plus applicable taxes. |
| February 2021 | 6.80-8.05 | 763-840 | 0.50% of the loan amount, plus applicable taxes. |
| January 2021 | 6.90-8.05 | 769-840 | 0.50% of the loan amount, plus applicable taxes. |
| 2020 | 6.90-8.05 | 769-840 | 0.50% 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 6.70% to 7.55% 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
| Slab | Salaried Borrower | Self - Employed |
| Up to 35 lakh | 6.70% | 6.80% |
| 35 lakh to 75 lakh | 6.70% | 6.80% |
| Above 75 lakh | 7.40% | 7.55% |
Additional Charges and Fees to take a note of when applying for ICICI Home loan
| CIBIL Report Charges | Rs.50 + applicable taxes |
| Administrative Charges | Rs.5,000 + applicable taxes |
| Prepayment Charges | Up to 2% of the outstanding amount + applicable taxes (only on fixed-rate Home Loan and Top Up Loan) |
Home Loan Trending Offers
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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
| Amount | 10 years | 20 years | 30 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 Amount | Salaried | Self Employed |
| Up to ₹ 35 lacs | 6.90% - 7.60% | 7.05% - 7.85% |
What are the processing fees for ICICI home loans?
ICICI Home Loan Processing Fee and Charges
| 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/- |
| Interest Rate | 6.75% p.a. onwards |
| Maximum Tenure | 30 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
