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  • ICICI Home Loan Interest Rate

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  • ICICI Bank offers customers home loans at one of the best interest rates available in the present market, making them one of the go-to banks for customers. Read more for the current interest rates and documentation required to avail a home loan.
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    ICICI Bank is one of the leading banks in India that offers great financial products and services. The home loans offered by this come with great innovation and customisation.

    Below Mentioned are ICICI Bank Home Loan Interest Rates offered By BankBazaar

    Rates and Charges Specification
    Loan Tenure 3 year to 30 years
    Interest Rate 8.90% - 9.10% p.a.
    Processing Fees 0.25% of the loan amount (Maximum Rs. 11,800)
    Pre-closure Charges Nil
    Partial pre-payment Charges Nil
    Guarantor Requirement No Guarantor Required

    For all the other borrowers, the rate of interest ranges between 8.70% and 8.95%. Processing fee associated with the ICICI home loan is 0.5% of the total amount. It is subject to a maximum amount of Rs.11,800. The tenure of the loan stands between 3 years and 30 years. There are no partial pre-payment charges or pre-closure charges associated with the home loan. No guarantor is needed while applying for this loan.

    Apply for Home Loan Online

    Types of Home Loans offered By ICICI Bank:

    • ICICI Bank Extraa Home Loans
    • ICICI Bank Pragati Home Loans
    • Pradhan Mantri Awas Yojana
    • Balance Transfer
    • Personal loan linked to home loan
    • Balance Transfer and Top Up
    • ICICI Bank Saral Rural Housing Loan
    • Home Improvement Loan
    • Loan Against Property
    • Lease Rental Discounting
    • Office Premises Loan
    • Land Loan
    • Home Loans for NRIs
    • Value Added Offerings

    ICICI Bank Home Loan Interest Rates:

    Special pricing for loans up to Rs.30 lakh:

    ICICI home loan interest rate for salaried borrower (Floating Interest Rate)

    Category I-MCLR-6M (8.65%) I-MCLR-1Y (8.70%)
    Women Borrower I-MCLR-6M + 0.35% (9.00%) I-MCLR-1Y + 0.30% (9.00%)
    Others I-MCLR-6M + 0.40% (9.05%) I-MCLR-1Y + 0.35% (9.05%)

    ICICI home loan interest rate for self employed borrower (Floating Interest Rate)

    Category I-MCLR-6M (8.65%) I-MCLR-1Y (8.70%)
    Women Borrower I-MCLR-6M + 0.40% (9.05%) I-MCLR-1Y + 0.35%(9.05%)
    Others I-MCLR-6M + 0.45% (9.10%) I-MCLR-1Y+ 0.40% (9.10%)

    The floating rates mentioned below are linked to I-MCLR-1 year benchmark rate (I-MCLR-1 year is equal to 8.70%):

    Self Employed Borrower

    ICICI home loan interest rate for self employed borrower (Floating Interest Rate)

    Loan amount Effective Rate of Interest Rate
    ₹ 30 lacs to ₹ 75 lacs 9.20% I-MCLR-1Y + 0.50%
    Above ₹ 75 lacs 9.25% I-MCLR-1Y + 0.55%

    ICICI home loan interest rate for self employed borrower (Fixed Interest Rate for 2 Years, 3 Years)

    Loan amount Fixed rate for 24/36 months Floating rate pricing from 25th/37th month
    Upto ₹ 30 lacs 9.35% I-MCLR-1Y + 0.65%
    ₹ 30 lacs to ₹ 75 lacs 9.45% I-MCLR-1Y + 0.75%
    Above ₹ 75 lacs 9.50% I-MCLR-1Y + 0.80%

    ICICI home loan interest rate for self employed borrower (Fixed Interest Rate for 5 Years, 10 Years)

    Loan amount Fixed rate for 60/120 months Floating rate pricing from 61st/121st month
    Up to ₹ 30 lacs 9.50% I-MCLR-1Y + 0.80%
    Above ₹ 30 lacs 9.60% to 9.65% I-MCLR-1Y + (0.90% to 0.95%)

    ICICI home loan interest rate for self employed borrower (Full Tenor Fixed Interest Rate )

    Loan amount Effective Rate of Interest
    Up to ₹ 30 lacs 9.95%
    Above ₹ 30 lacs 10.05% to 10.30%

    Salaried Borrower

    ICICI home loan interest rate for salaried borrower (Floating Interest Rate)

    Loan amount Effective Rate of Interest Rate
    ₹ 30 lacs to ₹ 75 lacs 9.15% I-MCLR-1Y + 0.45%
    Above ₹ 75 lacs 9.20% I-MCLR-1Y + 0.50%

    ICICI home loan interest rate for salaried borrower (Fixed Interest Rate for 2 Years, 3 Years)

    Loan amount Fixed rate for 24/36 months Floating rate pricing from 25th/37th month
    Upto ₹ 30 lacs 9.30% I-MCLR-1Y + 0.60%
    ₹ 30 lacs to ₹ 75 lacs 9.40% I-MCLR-1Y + 0.70%
    Above ₹ 75 lacs 9.45% I-MCLR-1Y + 0.75%

    ICICI home loan interest rate for salaried borrower (Fixed Interest Rate for 5 Years, 10 Years)

    Loan amount Fixed rate for 60/120 months Floating rate pricing from 61st/121st month
    Up to ₹ 30 lacs 9.45% I-MCLR-1Y + 0.75%
    Above ₹ 30 lacs 9.55% to 9.60% I-MCLR-1Y + (0.85% to 0.90%)

    ICICI home loan interest rate for salaried borrower (Full Tenor Fixed Interest Rate )

    Loan amount Effective Rate of Interest
    Up to ₹ 30 lacs 9.95%
    Above ₹ 30 lacs 10.05% to 10.30%

    Women Borrower:self employed

    ICICI home loan interest rate for women borrower- self employed

    Floating Interest Rate:

    Loan amount Effective Rate of Interest Rate
    ₹ 30 lacs to ₹ 75 lacs 9.15% I-MCLR-1Y + 0.45%
    Above ₹ 75 lacs 9.20% I-MCLR-1Y + 0.50%

    Fixed Interest Rate for 2 Years, 3 Years

    Loan amount Fixed rate for 24/36 months Floating rate pricing from 25th/37th month
    Up to ₹ 30 lacs 9.30% I-MCLR-1Y + 0.60%
    ₹ 30 lacs to ₹ 75 lacs 9.40% I-MCLR-1Y + 0.70%
    Above ₹ 75 lacs 9.45% I-MCLR-1Y + 0.75%

    Fixed Interest Rate for 5 Years, 10 Years

    Loan amount Effective Rate of Interest Floating rate pricing from 61st/121st month
    Up to ₹ 30 lacs 9.45% I-MCLR-1Y + 0.75%
    ₹ 30 lacs to ₹ 75 lacs 9.55% I-MCLR-1Y + 0.85%
    Above ₹ 75 lacs 9.60% I-MCLR-1Y + 0.90%

    Full Tenor Fixed Interest Rate

    Loan amount Effective Rate of Interest
    Up to ₹ 30 lacs 9.90%
    ₹ 30 lacs to ₹ 5 crore 10.00%
    Above ₹ 5 crore 10.25%

    Women Borrower:salaried

    ICICI home loan interest rate for women borrower- salaried

    Floating Interest Rate:

    Loan amount Effective Rate of Interest Rate
    ₹ 30 lacs to ₹ 75 lacs 9.10% I-MCLR-1Y + 0.45%
    Above ₹ 75 lacs 9.15% I-MCLR-1Y + 0.45%

    Fixed Interest Rate for 2 Years, 3 Years

    Loan amount Fixed rate for 24/36 months Floating rate pricing from 25th/37th month
    Up to ₹ 30 lacs 9.25% I-MCLR-1Y + 0.55%
    ₹ 30 lacs to ₹ 75 lacs 9.35% I-MCLR-1Y + 0.65%
    Above ₹ 75 lacs 9.40% I-MCLR-1Y + 0.70%

    Fixed Interest Rate for 5 Years, 10 Years

    Loan amount Effective Rate of Interest Floating rate pricing from 61st/121st month
    Up to ₹ 30 lacs 9.40% I-MCLR-1Y + 0.70%
    ₹ 30 lacs to 75 lacs 9.50% I-MCLR-1Y + 0.80%
    Above ₹ 75 lacs 9.55% I-MCLR-1Y + 0.85%

    Full Tenor Fixed Interest Rate

    Loan amount Effective Rate of Interest
    Up to ₹ 30 lacs 9.90%
    ₹ 30 lacs to ₹ 5 crore 10.00%
    Above ₹ 5 crore 10.25%

    ICICI Bank MCLR Base Rate:

    Tenure MCLR rate p.a.
    Overnight 8.45%
    One month 8.45%
    Three months 8.50%
    Six months 8.65%
    One year 8.70%

    Factors on which ICICI Home Loan Interest Rate Depends:

    • Salary : The housing loan applicant’s salary is extremely important in determining the interest rate associated with the loan. If the salary of the applicant is high, the rate of interest associated with the home loan will be low.
    • Amount: The rate also depends on the amount of loan borrowed by the customer. If someone avails a higher loan amount, he/she will have to pay a lower rate of interest.
      

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    ICICI Home Loan Interest Rate 2017 Reviews

    • ICICI Bank Home Loan
      "Good Loan Services"
      0.5 3.0/5 "Satisfactory"
      Last 5 years i have a account with them hence i have chosen ICICI for my home loan. The loan amount is 13 lakhs which has processed in 5 days. I'm not sure about the interest rate provided to me. Through ECS, the EMI amount has been deducted. Total tenure period of the loan is 15 years.
      Was this review helpful? 0
      , gurgaon
      Reviewed on Jul 15, 2019
    • ICICI Bank
      ICICI Bank Home Loan
      "Very Good Loan service"
      0.5 3.0/5 "Satisfactory"
      I approached the bank directly when i purchased the loan. The service has been good and it took 2 months to sanctioned the loan. I got the loan 15 years back and the interest rate was 11 to 13.5%. Still the EMI is going since i have chosen the EMI for 20 years. I have been paying the premium of Rs. 20000 through net banking.
      Was this review helpful? 1
      , bangalore
      Reviewed on Jul 13, 2019
    • ICICI Bank Home Loan
      "Good"
      0.5 4.0/5 "Great!"
      I applied for a home loan from ICICI Bank. I have not submitted my documents yet. I am businessman so ITR is pending. They did not inform me about rate of interest. Loan amount is very less. Their customer service is really good. I visited the branch one for the same reason. They had given me very clear information.
      Was this review helpful? 0
      , surat
      Reviewed on Jul 12, 2019
    • ICICI Bank Home Loan
      "Good"
      0.5 3.5/5 "Pretty good"
      I have taken a home loan in ICICI bank for more than 6 months before which was applied directly to bank. The process was smooth but I have no get status update from banker. The amount was sufficient for the tenure of 25 years. The rate of interest and fee are average.
      Was this review helpful? 1
      , mumbai
      Reviewed on Jul 11, 2019
    • ICICI Bank Home Loan
      "Good Supportive Bank"
      0.5 5.0/5 "Blown Away!"
      ICICI Bank people have contacted me for the home loan application and they asked to reach to the nearest branch I went there. They asked for some documents to take the loan on the land. I asked one month of time to submit the documents, I would say the bank response is good the interest is also economical.
      Was this review helpful? 0
      , bangalore
      Reviewed on Jul 09, 2019
    • ICICI Bank Home Loan
      "Bad Service"
      0.5 1.0/5 "Really Bad"
      I had applied for a home loan. customer service is not good i have not got clear information from customer service. Their rate of interest is very high not satisfied with the bank. I am not happy with the loan amount they said i am eligible for 15 lakhs only wherein i am not happy with the loan amount.
      Was this review helpful? 0
      , greater noida
      Reviewed on Jul 09, 2019
    • ICICI Bank Home Loan
      "Need to decrease charges"
      0.5 3.0/5 "Satisfactory"
      I was applied for a home loan in ICICI bank on a previous month which was applied through an online. I got a call verification from bank on time. The loan amount was low which was offered from bank for the tenure of 20 years. The rate of interest and the processing fee are high. Due to high interest I have closed the loan.
      Was this review helpful? 0
      , bangalore
      Reviewed on Jul 09, 2019
    • ICICI Bank Home Loan
      "Excellent"
      0.5 5.0/5 "Blown Away!"
      I have selected ICICI home loan 40 lakhs , EMI Rs39,000 Rate of interested 9 percentage and one time processing fee ,while documents executive he given clear information about loan application so there is no delay receive loan amount. customer service i good and responsive.
      Was this review helpful? 0
      , gurgaon
      Reviewed on Jul 08, 2019
    • ICICI Bank Home Loan
      "Medium"
      0.5 3.0/5 "Satisfactory"
      I was applied for a home loan in ICICI bank through an online on one month before. I have received a call from bank for further verification. The loan amount sufficient for the tenure of 20 years. The rate of interest and fee are nominal. As of now I don't have to process for further.
      Was this review helpful? 0
      , bangalore
      Reviewed on Jul 06, 2019
    • ICICI Bank Home Loan
      "Moderate Service "
      0.5 2.5/5 "Just OK"
      I have applied for ICICI Bank Home Loan through Online,The agent gave all the required information about the loan process ,I have not taken this loan since there was no requirement at that time and needed after 2 months only hance cancelled the plan as well .Thwere was no issues with rate of interest and the processing fee .
      Was this review helpful? 0
      , new delhi
      Reviewed on Jul 06, 2019
    • ICICI Bank Home Loan
      "Good service"
      0.5 4.0/5 "Great!"
      I have recently applied for housing loan with ICICI bank, their service is good, the reason for closing the application was that i drop the plan now i had no interest to take so i requested to close this loan, i choose this bank because of the service is good and even i found their rate of interest is good.
      Was this review helpful? 1
      , mumbai
      Reviewed on Jul 06, 2019
    • ICICI Bank Home Loan
      "Good"
      0.5 5.0/5 "Blown Away!"
      I applied for an ICICI home loan. Loan amount was sufficient and rate of interest was also nominal. I am not aware of the processing fee. Verification process was hassle free. The loan is closed because they do not provide loan in my area. My overall experience with ICICI Bank is good.
      Was this review helpful? 1
      , lucknow
      Reviewed on Jul 03, 2019
    • ICICI Bank Home Loan
      "Good"
      0.5 4.0/5 "Great!"
      Am planning to buy the property after 3 to 5months so my home loan was canceled. I got a timely response from ICICI BANK on my home loan request and I will contact them when I have requirements. The interest rate is around 9.2% and have not compared with other banks.
      Was this review helpful? 0
      , mumbai
      Reviewed on Jul 02, 2019
    • ICICI Bank Home Loan
      "Good"
      0.5 3.0/5 "Satisfactory"
      I applied for ICICI home loan. Loan amount is sufficient and rate of interest is also nominal. Tenure should have been more than 8 years because 5 year is very short period. ICICI bank's processing is very fast. Their customer service really fast.
      Was this review helpful? 0
      , bangalore
      Reviewed on Jul 02, 2019
    • ICICI Bank Home Loan
      "Excellent"
      0.5 5.0/5 "Blown Away!"
      I applied a home loan from ICICI Bank. I had to close the loan because of rate issue of the property I was going to buy. ICICI bank's customer service is excellent. They help customers even after business hours. Loan amount was sufficient and rate of interest was nominal.
      Was this review helpful? 0
      , bangalore
      Reviewed on Jul 02, 2019
    • ICICI Bank Home Loan
      "Good"
      0.5 4.0/5 "Great!"
      I have chosen ICICI BANK for lower interest rate. I have applied for 30L but I got approval of 13L which am not satisfied to process the loan further. They should work on the limit part. The customer service is very good. I haven't provided my documents. The interest rate was almost 8.8% and there was no information given to me about processing fee.
      Was this review helpful? 0
      , bangalore
      Reviewed on Jul 02, 2019
    • ICICI Bank Home Loan
      "Good service"
      0.5 5.0/5 "Blown Away!"
      I applied my home loan with ICICI BANK . The bank cancel the loan because i have not paid RTC . I applied for 20.87 lakh and they was reddy to give same amount . I upload all the documents and the rate of interest was very high with this bank . It is good service .
      Was this review helpful? 0
      , mumbai
      Reviewed on Jul 02, 2019
    • ICICI Bank Home Loan
      "Need to improve customer service"
      0.5 1.0/5 "Really Bad"
      I have taken a home loan in ICICI bank before 2 years ago. The verification process was slow and took many days to complete the process. The amount was sufficient for this loan for the tenure of 15 years.The rate of interest and the processing fee are high. The customer service is no proper response.
      Was this review helpful? 0
      , mumbai
      Reviewed on Jul 02, 2019
    • ICICI Bank Home Loan
      "Need to be process at earlier"
      0.5 3.0/5 "Satisfactory"
      I was applied for a home loan in ICICI bank on previous month. which was processed through an online. The loan amount was okay which was offered for me for the tenure of 30 years. On time I received a call from bank for the verification process but only once I get call after that no update from bankers. The rate of interest and processing fee are high.
      Was this review helpful? 0
      , mumbai
      Reviewed on Jul 01, 2019
    • ICICI Bank Home Loan
      "Good service"
      0.5 5.0/5 "Blown Away!"
      I had applied for a Home loan with ICICI BANK at the time when i was looking for Home loan. There was no delay in my application and it took few days to get things done. The interest rates to be nominal . The loan amount which they gave was satisfactory .
      Was this review helpful? 0
      , ahmedabad
      Reviewed on Jul 01, 2019
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