ICICI Bank offers affordable home loan solutions as per the requirements of its customers. The home loans can be availed for a loan repayment tenure of up to 30 years. The rates of interest start at 6.90%* p.a.
*Note: The interest rate is a special rate which is offered by the bank under the ICICI Bank Home Utsav festive season offer.
| Age | 21 years to 65 years (including exit age) |
| Employment Type | Salaried and self-employed individuals |
| Resident Status | Indian citizens and NRIs* |
*Note: NRIs can avail home loans from ICICI Bank under the ICICI Bank NRI Services. Under this scheme, the applicants will have to fulfil the following criteria of eligibility:
| Age | 21 years to 65 years (including exit age) |
| Employment Term | Salaried individuals – At least 1 year of employment overseas Self-employed individuals - At least 3 years in the current business overseas |
There are a number of factors on which the home loan eligibility of ICICI Bank is dependent. The home loan eligibility calculator can be used to find out the approximate loan amount that you will be eligible for. The figures mentioned will be based on the information that you provide.
For the loan amounts listed in the table below, the loan repayment tenure is assumed to be 30 years and the rate of interest is assumed to be 6.90% p.a.
| Monthly Income | Loan Amount |
| Rs.25,000 | Rs.15,18,372 |
| Rs.30,000 | Rs.20,49,802 |
| Rs.35,000 | Rs.23,91,436 |
| Rs.40,000 | Rs.27,33,070 |
| Rs.45,000 | Rs.30,74,703 |
| Rs.50,000 | Rs.34,16,337 |
| Rs.55,000 | Rs.41,75,523 |
| Rs.60,000 | Rs.45,55,116 |
| Rs.65,000 | Rs.49,34,709 |
| Rs.70,000 | Rs.53,14,302 |
| Rs.75,000 | Rs.56,93,895 |
Note: The figures mentioned above are indicative and are based on certain assumptions. The figures are subject to change on the basis of other relevant factors such as the age of the applicant, etc.
The maximum repayment tenure for ICICI Bank Home Loans is primarily dependent on the age of the applicant. Getting a home loan earlier will make you eligible for the longest loan repayment term. The following list shows the maximum loan repayment tenure that an applicant will be eligible for on the basis of his or her age.
| Applicant Age | Maximum Eligible Tenure |
| 21 years to 35 years | 30 years |
| 36 years | 29 years |
| 37 years | 28 years |
| 38 years | 27 years |
| 39 years | 26 years |
| 40 years | 25 years |
| 41 years | 24 years |
| 42 years | 23 years |
| 43 years | 22 years |
| 44 years | 21 years |
| 45 years | 20 years |
| 46 years | 19 years |
| 47 years | 18 years |
| 48 years | 17 years |
| 49 years | 16 years |
| 50 years | 15 years |
| Rating | Credit Score |
| Good | 750 and above |
| Average | 600 - 750 |
| Poor | Below 600 |
Having a higher CIBIL score strengthens the possibility of your home loan application being approved. In general, a CIBIL score of 650 or more increases the chances of your home loan application approval.
If you are applying for an ICICI Bank Home Loan along with a co-applicant, he or she should be at least 18 years old.
Some of the factors which affect the home loan eligibility of ICICI Bank are listed below:
On the basis of your eligibility and loan repayment capability, ICICI Bank offers you the option to avail home loans of more than Rs.75 lakh.
The processing fee for ICICI Bank Home Loans is 0.50% of the loan amount. Additional taxes are applicable.
Yes, NRIs are eligible for home loans offered by the ICICI Bank under the ICICI Bank NRI Services.
Yes, it is possible to avail a ICICI Bank Home Loan balance transfer provided you fulfil the eligibility criteria as per the bank’s prescription. The current rate of interest for the home loan balance transfer starts at 6.90% p.a. for salaried employees and 7.05% p.a. for self-employed individuals.
In general, the house property is mortgaged as the security against the home loan availed through ICICI Bank.
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