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  • ICICI Home Loan Processing Fee and Charges

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  • 0.50%
    ** 0.50% - 1% of the loan amount or Rs.1,500 (Rs.2,000 for Delhi, Mumbai and Bangalore), whichever is higher + taxes and surcharge
    Interest Rate 8.80% p.a.onwards
    Maximum Tenure 30 years

    Types of ICICI Home Loans and their Processing Fees

    ICICI Home Loans Processing Fees
    ICICI Home Loan 0.50% - 1% of the loan amount or Rs.1,500 (Rs. 2,000 for Delhi, Mumbai and Bangalore), whichever is higher + taxes and surcharge
    ICICI 30 Year Home Loan
    ICICI Bank Extraa Home Loan
    ICICI Insta Home Loan
    ICICI Bank Pragati Home Loan
    ICICI Home Loan Balance Transfer
    ICICI Home Loan Top-Up
    ICICI Home Loan Balance Transfer and Top-Up
    ICICI Bank Saral Rural Housing Loan
    ICICI Home Improvement Loan
    ICICI Loan Against Property
    ICICI Land Loan
    ICICI Home Loan for NRIs
    ICICI Instant Home Loan 0.25% + Taxes and Surcharges

    ICICI Instant Home Loan Processing Fees

    • Processing fees is 0.25% of the loan amount plus applicable taxes.
    • Offered to customers who hold a Salary Account with ICICI Bank.
    • Can be availed through net banking and generate the home loan sanction letter (valid for 6 months.
    • Maximum loan amount: Rs.1 crore.
    • Maximum tenure: Up to 30 years.

    ICICI 30 Year Home Loan Processing Fees

    • Processing fees is 0.50% to 1% of the loan amount or Rs.1,500 (Rs.2,000 for applicants in Delhi, Mumbai and Bangalore) whichever is higher plus taxes and surcharge.
    • Offered to women borrowers and individuals working for a select group of companies.
    • Higher repayment tenure and loan amount while keeping EMI lower.

    ICICI Balance Transfer and Top-Up Home Loan Processing Fees

    • Processing fees is 0.50% or 1% of the loan amount/Rs.1,500, whichever is higher (For applicants from Delhi, Mumbai and Bangalore its Rs.2,000).
    • Low interest rate and simple documentation.
    • Avail top-up loan as well.
    • Loan amount: Between Rs.8 lakh and Rs.5 crore for both salaried and self-employed individuals.
    • Maximum tenure: 30 years.

    ICICI Extraa Home Loan Processing Fees

    • Processing Fee: 0.50% or 1% of the loan amount/Rs.1,500, whichever is higher (For applicants from Delhi, Mumbai and Bangalore its Rs.2,000).
    • Bank offers to increase the loan amount by up to 20%.
    • Repayment tenure of up to the age of 67 years.
    • The loan is backed by a mortgage guarantee.
    • Available in National Capital Region (NCR), Greater Mumbai, Surat and Bengaluru.
    • Offered to middle-age salaried or self-employed individuals or young salaried individual.

    ICICI Insta Top-Up Loan Processing Fees

    • Bank levies 0.50% to 1% of the loan amount or Rs.1,500 (whichever is higher) as processing fee, while applicants from Delhi, Mumbai and Bengaluru, it’s 0.50% to 1% of the loan amount or Rs.2,000 (whichever is higher).
    • Loan tenure: Up to 10 years.
    • Loan amount: Up to Rs.20 lakh.

    ICICI Pragati Home Loan Processing Fees

    • Processing Fee: 0.50% to 1% of the loan amount, subject to a minimum of Rs.1,500 (Rs.2,000 for applicants from Delhi, Mumbai and Bengaluru).
    • Offered to individuals with a minimum salary of Rs.10,000 per month for salaried individual.
    • Self-employed individuals with a business period of 5 years.
    • Loan amount: Between Rs.5 lakh and Rs.50 lakh.
    • Can be availed as a home loan/home improvement loan/non-residential premises (NRP) loan.

    ICICI Home Improvement Loan Processing Fees

    • Processing fee is 0.50% to 1% of the loan amount, subject to a minimum of Rs.1,500 (For applicants from Delhi, Mumbai and Bengaluru, it’s a minimum of Rs.2,000.
    • Offered to refurbish your home, be it internal or external changes without increasing the living space.
    • Offered with Home Equity Interest Rate.

    ICICI Saral Housing Loan Processing Fees

    • Processing fees is 0.50% to 1% of the loan amount, subject to a minimum of Rs.1,500 (Rs.2,000 for applicants from Delhi, Mumbai and Bengaluru).
    • Exclusive to women borrowers and weaker section of the society.
    • For the purpose of construction, acquisition, repairs, up-gradation or renovation of a house in rural areas.
    • Loan amount: Up to 90% of the property value (between Rs.5 lakh and Rs.15 lakh.
    • Loan tenure: Between 3 and 20 years.

    ICICI 24 Hours Top-Up Loan Processing Fees

    • Processing fees of 0.50% to 1% of the loan amount or Rs.1,500 (whichever is higher). For applicants from Delhi, Mumbai and Bengaluru the minimum is Rs.2,000.
    • Loan offered in 24 hours.
    • Loan amount: Up to Rs.25 lakh.
    • Loan tenure: Up to 10 years.
    • Contact bank through SMS or call the customer care.

    ICICI Land Loan Processing Fees

    • ICICI levies 0.50% to 1% of the loan amount, subject to a minimum of Rs.1,500, while the minimum is Rs.2,000 for applicants from Delhi, Mumbai and Bengaluru.
    • Offered for the purpose of construction of a house on the land for which the loan is extended.
    • House construction should be completed within 2 years of receiving the first disbursement of the loan.
    • Land or plot should be within the local municipal limits or outside the location allotted by the local development authority.

    ICICI Home Loan Other Charges

    Particulars Charges
    Prepayment Charges Floating Rate of Interest: Nil Fixed Rate of Interest: 2% + Taxes: On outstanding principal on full repayment and for Top-Up loan if applicant/co-applicant is Non-Individual; 4% + Taxes: On outstanding principal when loan is extended to Non-Individual or with Fixed Rate of Interest to Individual borrowers.
    Charges towards Late Payment 2% per month
    Conversion Charges Floating to Floating: 0.5% of the outstanding principal amount + taxes. Dual Fixed Rate to Floating: 0.5% of the outstanding principal amount + taxes. Floating to Dual Fixed Rate: 0.5% of the outstanding principal amount + taxes Lifetime Fixed to Floating Rate: 1.75% of the outstanding principal amount + taxes.
    Repayment Mode Swap Rs.500
    Document Retrieval Rs.500
    Cheque/ECS/AD Bounce Rs.500
    Amortisation Schedule Nil
    Statement of Account Nil
    Final Prepayment Statement Nil
    Duplicate NOC/No-Due Certificate Rs.100
    NOC Revalidation Rs.100
    Provisional IT Certificate Nil
    Final IT Certificate Nil
    Interest Certificate Nil
    Change of Address Nil
    Agreement Copy Nil
    NOC/No-Due Certificate Nil
    Administrative Charges Rs.5,000
    CIBIL Report Rs.50
    Repossession, Legal and Incidental Charges At Actuals

    FAQs

    1. Can I prepay my home loan and what are the charges associated with it?
    2. Yes. You can repay your ICICI home loan. The bank levies prepayment charges as below:

      • Nil for home loans with a floating rate of interest.
      • 2% on the outstanding principal amount on full repayment of the home loan with a fixed rate of interest.
      • 2% on the outstanding principal amount on full repayment of the home top-up loan if the applicant/co-applicant is Non-Individual.
      • 4% on the outstanding principal on loan extended to Non-Individuals or with a fixed rate of interest to Individual borrowers.
    3. Can I make a part-prepayment of my home loan through NEFT with ICICI Bank?
    4. Yes. You can make part-prepayment of your home loan through NEFT (National Electronic Funds Transfer). You’ll have to visit the nearest ICICI Bank Asset Servicing Branch and request for the Service Number given to you for this purpose. The Service Number should be mentioned in the remarks’ column of the NEFT form.

    5. What’s the minimum part-prepayment amount that I can make towards my home loan?
    6. ICICI Bank accepts a minimum amount of 1 EMI (Equated Monthly Installment) for the purpose of part-prepayment of your home loan.

    7. What’s ICICI Bank’s MCLR?
    8. As the MCLR is a tenor linked rate, it’s reviewed and published every month. You’ll have to check with the bank for the current MCLR offered.

    9. What are the types of MCLR benchmarks?
    10. Currently, ICICI Bank has published the below MCLR benchmarks:

      • Overnight
      • One-month
      • Three-month
      • Six-month
      • One-year
    11. Is the MCLR different for different banks?
    12. Yes. MCLR will vary between banks as these are assessed based on operating costs, marginal cost of funds, tenor premium, negative carry on account of CRR of the respective banks.

    13. Can I decrease my EMI in the future if I choose to increase it now?
    14. Once the EMI is increased, you’ll not be able to decrease at a later point in time except when you part-prepay/convert your home loan. For further details, you’ll have to visit the nearest ICICI loan branch.

    15. What do you mean by the periodicity of reset?
    16. If you have an ICICI home loan based on floating rate of interest, then the bank can state the dates of reset of the interest rate which is either linked to the date of the first disbursement of the loan or the date of review of the MCLR. The periodicity of reset of the rate of interest is either one-year or lower.

      For home loans disbursed in a specific month, then the reset of interest rate will be on the 1st day of the month of the succeeding year(s). If you choose any rate conversion in a specific month, the annual reset date will be on the 1st day of the month, when the conversion was effected, of the succeeding year(s).

    17. When will the reset date or period be decided for the home loan?
    18. The reset date or period will be determined on the date of disbursement of the home loan. If the MCLR increased on the reset date, the rate of interest will increase thereby influencing a change in the EMI or tenure of the home loan. If the MCLR decreases on the reset date, the rate of interest will decrease accordingly and impacting the EMI or the tenure of the loan.

    19. How do I receive the financial year income tax certificate via email?
    20. You can get the financial year income certificate by placing a request through the below method:

      • Online/internet banking
      • iMobile app
      • Customer care
      • Bank branch of ICICI

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