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.
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:
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 Bank Instant Home Loan
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
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
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
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% |
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 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% |
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) |
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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
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 22,913/- | INR 15,147/- | INR 12,905/- |
Loan Amount | Salaried | Self Employed |
Up to ₹ 35 lacs | 6.90% - 7.60% | 7.05% - 7.85% |
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
ICICI 30 Year Home Loan Processing Fees
ICICI Balance Transfer and Top-Up Home Loan Processing Fees
ICICI Extra Home Loan Processing Fees
ICICI Insta Top-Up Loan Processing Fees
ICICI Pragati Home Loan Processing Fees
ICICI Home Improvement Loan Processing Fees
ICICI Saral Housing Loan Processing Fees
ICICI 24 Hours Top-Up Loan Processing Fees
To calculate the impact of Moratorium on your EMI, you need to enter the following details about your existing loan: