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  • ICICI Home Loan Interest Rate is Rated as "Great!" by 1484 Users

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    ICICI Home Loan Interest Rate

    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.

    ICICI Home Loan Interest Rate 2017 Reviews

    • ICICI Bank Home Loan
      "Good service"
      0.5 4.0/5 "Great!"
      Previously i have been holding housing loan with ICICI bank,now i have closed this loan successfully, and the loan amount they had given me was sufficient,based on my requirement they have given me , and the rate of Interest they have charged me was nominal, it used to fluctuate based on market price, and even they have charged me that time processing fee now I have closed.
      Was this review helpful? 1
      , thane
      Reviewed on Feb 18, 2019
    • ICICI Bank Home Loan
      "Excellent Service"
      0.5 5.0/5 "Blown Away!"
      The experience i had with them in getting this Home loan and the process was pretty smooth. The loan amount which they had provided has been sufficient and the interest rate with them has been nominal as well, where there has not been any sort of additional charges which they had made so far.
      Was this review helpful? 1
      , ahmedabad
      Reviewed on Feb 16, 2019
    • ICICI Bank Home Loan
      "Good Financial service"
      0.5 4.0/5 "Great!"
      I have taken housing loan from ICICI bank , as they have given high rate of interest while comparing to other bank they are giving good rate of interest for the new customer but not for the existing , easy approval process ,Customer service and response is best regarding queries provides solution.
      Was this review helpful? 6
      , ghaziabad
      Reviewed on Jan 30, 2019
    • ICICI Bank Home Loan
      "Satisfied loan experience"
      0.5 4.0/5 "Great!"
      Because the rates are very less when i compared to other bank hence i have selected ICICI for my home loan. They have offered me a interest rate of 9% and the processing fee was 0.25%. They have sanctioned the loan on time and the documentation process was smooth and easy.
      Was this review helpful? 0
      , mumbai
      Reviewed on Jan 28, 2019
    • ICICI Bank Home Loan
      "Good service"
      0.5 3.0/5 "Satisfactory"
      I got my home loan with ICICI BANK . Their Interest rate is very high which is 9.1 % Monthly initially they said 8.5% but later they charge high they should stick on their words .Application process documentation was easy but it too so much time to get the loan amount . Loan amount is sufficient it is 23.6lakh .
      Was this review helpful? 2
      , gurgaon
      Reviewed on Jan 27, 2019
    • ICICI Bank Home Loan
      "Worst services"
      0.5 2.0/5 "Expected more"
      I had taken a home loan from ICICI bank and i will not recommend this bank to anyone. I'm totally unhappy with the services provided by them. Loan process was good. The interest rates and other charges are high compared to other banks. I bought the loan long back.
      Was this review helpful? 1
      , bangalore
      Reviewed on Jan 26, 2019
    • ICICI Bank Home Loan
      "Happy about the loan services"
      0.5 4.0/5 "Great!"
      I'm happy with the home offers provided by ICICI. Basically there was no particular reason i hold a salary account with this bank hence i have chosen them. As per the market rates, they have given me a interest rate. They have sanctioned the loan before the TAT. They do have a partial payment and pre-closure facility.
      Was this review helpful? 1
      , bangalore
      Reviewed on Jan 24, 2019
    • ICICI Bank Home Loan
      "Best Service"
      0.5 5.0/5 "Blown Away!"
      My home loan experience was good with ICICI bank, the loan amount was based on my requirement and the rate of interest was nominal when compared to others. Customer service was good and they responded on time. Tenure period for this loan is for 20 years.
      Was this review helpful? 2
      , chennai
      Reviewed on Jan 24, 2019
    • ICICI Bank Home Loan
      "Need to reduce the rate of interest"
      0.5 3.0/5 "Satisfactory"
      I am running a home loan with ICICI Bank and have completed 18 months. The loan duration is 20 years. The interest rate and processing fee is very high. My experience was good so I would suggest them to reduce the interest rate. They are doing good customer service. I have purchased a residential property.
      Was this review helpful? 2
      , pune
      Reviewed on Jan 23, 2019
    • ICICI Bank Home Loan
      "Need to reduce ROI"
      0.5 3.5/5 "Pretty good"
      My home loan experience was average with ICICI bank, the process was smooth and i received my loan amount on time. Rate of interest was way high when compared to other banks. Customer service was good with ICICI and tenure period is for 20 years.
      Was this review helpful? 1
      , kochi
      Reviewed on Jan 23, 2019
    • ICICI Bank Home Loan
      "Average Financial service"
      0.5 3.0/5 "Satisfactory"
      I have taken housing loan from Icici bank , as they have given promising rate of interest while comparing to other banking which available in market , easy approval process , payments made through ecs process .customer service and customer response is best regarding queries provides solution.The processing fees is nominal one with tenure period of 20 years .
      Was this review helpful? 0
      , mumbai
      Reviewed on Jan 23, 2019
    • ICICI Bank Home Loan
      "Good in Service"
      0.5 3.0/5 "Satisfactory"
      I had applied for a Home loan with ICICI and i remember that there was a quick processing. My application for loan was taken care and was processed on time. The interest rates given on my loan amount is reasonable. It is somewhere around 8.65%. ICICI customer service is good.
      Was this review helpful? 2
      , mumbai
      Reviewed on Jan 22, 2019
    • ICICI Bank Home Loan
      "Useful for private employee people"
      0.5 4.0/5 "Great!"
      In 2006, I have taken my housing loan with ICICI Bank. During that time, they have assured me a lower interest rate hence i have chosen them. After 1 year, they have increase the interest rate which is higher than other bank hence i have done the pre-closure. Processing fee and interest rates were very high.
      Was this review helpful? 1
      , hyderabad
      Reviewed on Jan 18, 2019
    • ICICI Bank Home Loan
      "Good service"
      0.5 4.0/5 "Great!"
      I have been using my home loan with ICICI bank,they have given me sufficient loan amount,and the rate of interest they have charged me up to 8.9% it is not fixed,it varies according to market rate, and they have not charged me processing fee as it is zero processing fee, and the loan is still running,overall service is good.
      Was this review helpful? 4
      , new delhi
      Reviewed on Jan 17, 2019
    • ICICI Bank Home Loan
      "Good Service and ROI is low"
      0.5 5.0/5 "Blown Away!"
      I have taken a home loan with ICICI 1 year back. ICICI service is really good. I did not spoken with the call centre people and i just directly visited their branch when i approach for the loan and bank employee response is really good. They have given me a nominal processing fee and rate of Interest rate was 8.8% which i like it.
      Was this review helpful? 4
      , vapi
      Reviewed on Jan 10, 2019
    • ICICI Bank Home Loan
      "Excellent Service"
      0.5 4.5/5 "Excellent!"
      I had taken this loan a while back and the experience was quite good and the loan amount which they had provided has been sufficient as well. The interest rate with them has been nominal when compared with the market rate. There has not been any sort of additional charges which they had made so far.
      Was this review helpful? 1
      , bangalore
      Reviewed on Jan 08, 2019
    • ICICI Bank Home Loan
      "Good. Can do better"
      0.5 4.0/5 "Great!"
      I have my home loan with ICICI Bank. It has not been a transparent process with regards to the charges they have taken. Initially they said a amount and once they processed the loan there was a lot of hidden charges. They need to be clear with the interest rate.
      Was this review helpful? 0
      , hyderabad
      Reviewed on Dec 16, 2018
    • ICICI Bank Home Loan
      "Good service"
      0.5 5.0/5 "Blown Away!"
      I have been holding my home loan with ICICI bank for long time, the tenure period they have given me up to 20 years, and the loan amount they have given me is sufficient, and the rate of interest they charged me was nominal, they have charged genuine rate of interest like how much they said they have charged me , and overall service is good.
      Was this review helpful? 6
      , vadodara
      Reviewed on Dec 12, 2018
    • ICICI Bank Home Loan
      "Average service"
      0.5 3.5/5 "Pretty good"
      I have applied for ICICI home loan for a while, there customer service is not up to the mark, they have not properly explained me about any issue i have faced it this loan , and the rate of interest they have charged me was nominal,and the loan amount they have given me was sufficient, and the processing fee they have charged me was nominal, but there service is not up to the mark.
      Was this review helpful? 1
      , vadodara
      Reviewed on Dec 10, 2018
    • ICICI Bank Home Loan
      "Excellent Service"
      0.5 5.0/5 "Blown Away!"
      I had taken this loan almost 14 years back and the process in getting this loan has been quite good, the loan amount which they had provided has been sufficient as well. The interest rate with them has been nominal when compared with the market rate and there has not been any sort of other charges which they had made so far as well.
      Was this review helpful? 1
      , chennai
      Reviewed on Dec 10, 2018
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