A "low interest" loan shouldn't mean you have very little interest in paying it back!
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    ICICI Home Loan

    ICICI Bank offers eligible borrowers housing loans at attractive interest rates starting at 9.05% p.a. with extended loan tenures up to 30 years and easy repayment options. The low processing fees ranging from 0.50% to 1.00% of the loan amount and full waiver of prepayment penalty on floating rate loans. ICICI also links with the PMAY Scheme, offering home-buyers a boost with respect to buying a house.
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    We found 2 ICICI Bank Home Loan
    Bank Name
    Interest Rate Range
    Processing Fee Range
    Loan Amount
    Tenure Range
    8.90% - 9.10% Floating
    0.25% (max. ₹11,800) One time fee
    5L - 10Crs
    3-30 Years
    Response Time : Within 30 minutes
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    Perks
    Fees & Charges
    Good to Know
    8.85% - 9.05% Floating
    0.25% (max. ₹11,800) One time fee
    5L - 10Crs
    3-30 Years
    Response Time : Within 30 minutes
    What you'll love
    Documents
    Perks
    Fees & Charges
    Good to Know

    ICICI Bank Home Loan Schemes

    ICICI Bank Home Loan

    Key Highlights

    Home Loan iconAttractive Interest rates on both fixed and floating rate loans
    Home Loan iconLower Equated Monthly Installments (EMIs)
    Home Loan iconZero prepayment charges on floating rate loans

    Borrowers TypeFloating Rate of Interest (% p.a.)Processing Fee
    For Salaried 9.05 – 9.20 0.50% - 1.00% of the loan amount or Rs.1,500* (whichever is higher)
    For Self-employed 9.10 – 9.25 0.50% - 1.00% of the loan amount or Rs.1,500* (whichever is higher)

    * Rs.2,000 in Bangalore, Delhi and Mumbai

    ICICI Bank Instant Home Loan

    Key Highlights

    Home Loan iconPre-approved housing loans up to Rs.1 crore available exclusively for customers with salary account with the bank
    Home Loan iconNo documents to be submitted at the time of sanction
    Home Loan iconDiscounted processing fee

    Borrowers TypeFloating Rate of Interest (% p.a.)Processing Fee
    For Salaried 9.10 – 9.25 0.25% of the loan amount plus applicable tax
    For Self-employed 9.15 – 9.30 0.25% of the loan amount plus applicable tax
    For ICICI Group Employees 8.80 0.25% of the loan amount plus applicable tax

    ICICI Bank 30 Year Home Loan

    Key Highlights

    Home Loan iconCompetitive rates of interest on both floating and fixed rate loans
    Home Loan icon Extended loan term up to 30 years for easy repayment
    Home Loan iconEMI per lakh as low as Rs.808

    Borrowers TypeFloating Rate of Interest (% p.a.)Processing Fee
    For Salaried 9.05 – 9.20 0.50% - 1.00% of the loan amount or Rs.1,500* (whichever is higher)
    For Self-employed 9.10 – 9.25 0.50% - 1.00% of the loan amount or Rs.1,500* (whichever is higher)

    * Rs.2,000 in Bangalore, Delhi and Mumbai

    ICICI Bank Step Up Home Loans

    Key Highlights

    Home Loan iconSuitable for young salaried professionals with moderate income
    Home Loan iconMinimum monthly income required: Rs.20,000
    Home Loan iconLoan term up to 20 years

    Borrowers TypeFloating Rate of Interest (% p.a.)Processing Fee
    For All 9.05 – 9.20 0.50% - 1.00% of the loan amount or Rs.1,500* (whichever is higher)

    * Rs.2,000 in Bangalore, Delhi and Mumbai

    ICICI Bank NRI Home Loan

    Key Highlights:

    Home Loan iconZero charges on part-prepayment
    Home Loan iconCompetitive rates of interest
    Home Loan iconInterest rates calculated on monthly reducing basis
    Home Loan iconProcessing Fee: 0.50% of the loan amount plus applicable tax




    ICICI Bank Home Loan Eligibility Criteria

    Age
    Applicant:
    • Minimum Age: 18 years
    • Maximum Age: 65 years
    Co-applicant:
    • Minimum Age: 21 years
    • Maximum Age: 65 years
    NRIs:
    • Minimum Age: 25 years
    • Maximum Age: 60 years
    Residency Status
    • Resident Indian
    • Non-Resident Indian (NRI)
    Type of Employment
    • Salaried
    • Self-employed
    • Self-employed professional

    Document Required for All Home Loan Applicants Under ICICI Bank

    Identity Proof (any one)
    • Voter ID
    • Aadhaar Card
    • Valid Passport
    • Driving License
    • PAN Card
    Proof of Residence (any one)
    • Driving License
    • Passport
    • Copy of Utility Bills
    • Aadhaar Card
    • Voter ID
    Age Proof (any one)
    • Birth Certificate
    • Aadhaar Card
    • Valid Passport
    • Voter ID
    Proof of Income
    • Bank account statements for the previous 6 months
    • Latest Form 16 or Income Tax Returns
    Other Documents
    • Processing fee cheque in favour of the bank
    • Duly filled loan application form with passport size photographs

    Use BankBazaar ICICI Bank Home Loan EMI Calculator to Know Your EMI

    The BankBazaar ICICI Bank Home Loan EMI Calculator is an automized online tool that allows you to compute the EMIs payable against your loan by entering a few basic parameters. The tool also provides an amortization schedule illustrating your debt repayments towards the interest and principal components of the EMIs on a monthly and annual basis.

    Features and benefits of ICICI bank housing loan

    • Affordable interest rates and both floating and fixed options
    • The home loan can be sanctioned before selecting the property
    • A really smooth simplified documentation process and even faster documentation process for existing customers
    • You get the freedom of enjoying a longer tenure with lower EMIs
    • The ‘Balance Transfer’ feature allows you to transfer your existing home loan availed from any other bank, to ICICI Bank. This is for you to enjoy long term savings.
    • With the Balance Transfer feature, you can enjoy up to additional top up loan amount. This can be up to 100% of the original home loan.
    • The bank’s home loan page provides unique online tools like Eligibility calculator and EMI calculator. With the eligibility calculator you can find the home loan amount you are eligible to avail for, and the EMI calculator calculates the monthly repayment amount towards the loan.
    • Selected customers can enjoy pre-approved home loans.
    • Up to 30 years of loan tenure available
    • Enjoy a fixed interest rate for the first 10 years, and thereafter a choice of fixed or floating interest rates.

    ICICI Bank Pradhan Mantri Awas Yojana

    ICICI Bank offers eligible beneficiaries Credit Linked Scheme (CLSS) under Pradhan Mantri Awas Yojana (PMAY). The scheme is available to beneficiaries under the following categories:

    • Economically Weaker Section (EWS)
    • Low Income Group (LIG)
    • Middle Income Group – I (MIG - I)
    • Middle Income Group – II (MIG - II)

    The CLSS can be availed by customers looking to:

    • Purchase a new flat/property
    • Construct a house
    • Extend/expand an already existing house
    • Improve/alter the structure of an already existing property

    Benefits of PMAY Scheme:

    • Upfront interest subsidy ranging between 3.00% - 6.50% offered on the outstanding principal amount.
    • Maximum loan subsidy of Rs.2.67 lakh depending on the category the beneficiary is eligible for.
    • Interest subsidy can be availed on loan terms up to 20 years.
    • A 9.00% discount included in the calculation of the Net Present Value (NPV) of the interest subsidy.

    ICICI home loan balance transfer

    ICICI bank gives the privilege of lowering the EMI burden to its customers, and allows them to make savings by transferring their current home loan scheme from any other Bank to ICICI bank. The balance transfer feature is very innovative and a very thoughtful gesture on the bank’s part.

    ICICI Bank Home Loan FAQs

    1. I have opted for the floating interest rate option on my ICICI bank home loan. If there is a change in the rate, will it affect me? If so, then how?

      This depends on what your home loan is linked to. If your loan is linked to FRR and PLR your rate of interest will reduce by 0.05%. This will happen due to the change in the FRR/PLR on June 26, 2015. Please note that this change will also correspondingly have an impact upon your EMI or loan tenor.

    2. I am a home loan customer with an Initial /Renewable fixed rate of interest. What happens when the fixed rate tenure expires?

      As per the fixed rate home loan, the loan is fixed for a stipulated period of time. The same would have been intimidated to you in the loan sanction letter. After the fixed rate period is over, your interest category of the loan would convert to floating rate. The applicable floating rate is decided based on a certain factor. This is the benchmark rate which is prevailing during the completion of fixed rate period.

    3. Do I have the freedom to choose the category of interest rate (fixed or floating) on my ICICI bank home loan?

      With ICICI bank home loans, borrowers can enjoy fixed interest rate for the first 10 years, and thereafter avail a choice of fixed or floating interest rates. The rate of interest varies according to certain factors like the loan amount, category of borrower, period of the loan and fixed or floating rate of interest.

    4. Is there any special concession on the home loan interest rates offered by ICICI bank, for women borrowers?

      Yes, for women borrowers the starting rate of interest from home loan is from 8.35% to 8.80%. The woman borrower needs to be the main applicant of the loan, or a co-owner in the financed property to avail the following rates of interest-

      • The floating rate of interest ranges from 8.65% to 8.80%.
      • The fixed rate of interest (for 5 years, 10 years) ranges from 8.70% to 8.90%
      • The full tenor fixed interest rate ranges from 9.70% to 10.05%
    5. If I want to close my home loan, are there any charges on prepaying the loan?

      If the home loan is availed on floating rate of interest, then there are no charges for this. If the loan has been availed on fixed rate of interest, then you need to pay 2% (plus applicable taxes) on the outstanding principal.

    ICICI Bank Home Loan Resource Centre

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    ICICI Bank Home Loan Reviews

    • ICICI Bank Home Loan
      "Best 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? 1
      , hyderabad
      Reviewed on May 18, 2019
    • ICICI Bank Home Loan
      "Excellent Service"
      0.5 5.0/5 "Blown Away!"
      I had taken my Home loan from ICICI Bank a long time back where the experience i had was quite comfortable. They did not took much time for the process, and the disbursement was made on the right time. The loan amount has been fine, the interest rate has been quite nominal and they had not made any sort of additional charges. Overall it had been quite a good experience.
      Was this review helpful? 0
      , ahmedabad
      Reviewed on May 17, 2019
    • ICICI Bank Home Loan
      "Very Good Service"
      0.5 4.0/5 "Great!"
      I had taken my Home loan from ICICI Bank a while back and the process in getting this loan has been pretty much simple. The loan amount has been sufficient and the interest rate has been nominal as well. The loan is still running and the they had not taken any sort of additional charges so far.
      Was this review helpful? 0
      , bangalore
      Reviewed on May 16, 2019
    • ICICI Bank Home Loan
      "Good service"
      0.5 4.0/5 "Great!"
      It was a fine experience with ICICI BANK bank for home loan, the process was smooth and i received my loan amount within 1 week. Customer service was good and they responded on time. Rate of interest was nominal when compared to others. Overall it is good .
      Was this review helpful? 0
      , bangalore
      Reviewed on May 15, 2019
    • ICICI Bank Home Loan
      "Excellent service"
      0.5 5.0/5 "Blown Away!"
      I have been holding my home loan with ICICI bank from long time and they have provided me good service, the rate of interest they have charge i donâ??t remember properly but it was nominal and the processing fee they have charge me was nominal, so far i did not face any issue, still this loan is running.
      Was this review helpful? 0
      , mumbai
      Reviewed on May 13, 2019
    • ICICI Bank Home Loan
      "BETTER"
      0.5 2.0/5 "Expected more"
      I have applied for the home loan with the ICICI BANK. The rate of interest was higher than others which was 14%. There is a option of balance transfer available with this bank. The documentation process was simple and it took time to get the loan.
      Was this review helpful? 0
      , ahmedabad
      Reviewed on May 13, 2019
    • ICICI Bank Home Loan
      "Average Service"
      0.5 3.0/5 "Satisfactory"
      The process in getting my Home loan from ICICI Bank has been a little lengthy where it has taken more time. The interest rate with the loan was around 9.6% earlier and now it is 8.75% since i had paid some amount. The charges where all nominal like the market rate and their customer support had been good.
      Was this review helpful? 0
      , thane
      Reviewed on May 12, 2019
    • ICICI Bank Home Loan
      "So far so good"
      0.5 4.0/5 "Great!"
      I have chosen ICICI BANK for my home loan because property holder has tied up. It was taken in the year of 2013 and the loan duration is 20 years. I have purchased a residential property. The interest rate was good as per used to be with other banks. I don't remember the processing fee.
      Was this review helpful? 0
      , new delhi
      Reviewed on May 12, 2019
    • ICICI Bank Home Loan
      "Excellent service"
      0.5 5.0/5 "Blown Away!"
      I have been holding my housing loan with ICICI bank from long time, the loan amount which they have given to me was sufficient, based on the requirement they gave me loan approval. The rate of interest they have charged me was nominal, even the processing fee they have charged me was sufficient, their overall service is good. The best thing is them is that they are very flexible according to the customer requirement.
      Was this review helpful? 0
      , chennai
      Reviewed on May 09, 2019
    • ICICI Bank Home Loan
      "Good service"
      0.5 5.0/5 "Blown Away!"
      My personal account was taken with ICICI BANK , tenure period is fine . The loan amount which i got through this bank is satisfactory . There were no hidden charges with this bank . They gave precloser option also with this loan and service was good .
      Was this review helpful? 2
      , mumbai
      Reviewed on May 08, 2019
    • ICICI Bank Home Loan
      "Need to change the legal procedure"
      0.5 5.0/5 "Blown Away!"
      I have taken home loan in ICICI bank for more than a year. For the loan amount of 28 Lakhs duration of 30 years.As per my expectation i received a loan. The rate of interest was nominal. But when at an initial verification the process took so long while compare to other bank.The service are good. I would like to suggest to finish the verify process as earlier.
      Was this review helpful? 2
      , chennai
      Reviewed on May 04, 2019
    • ICICI Bank Home Loan
      "Good Service"
      0.5 3.0/5 "Satisfactory"
      I have directly applied with ICICI Bank for Home Loan ,the loan amount was 17lakhs for the tenure of 12years ,the rate of interest and processing fee was nominal at that time when i have applied got the loan amount got on time it was sufficient ,documents submission no issues .the service was average.
      Was this review helpful? 0
      , pune
      Reviewed on May 03, 2019
    • ICICI Bank Home Loan
      "Good Service Provider"
      0.5 4.5/5 "Excellent!"
      Till now I haven't faced any issue with ICICI home loan, I have taken the principal amount of Rs.28 lakhs based on the property they sanctioned the amount. Interest rate was nominal but I didn't consider it, I done physical documents by meeting the person it got the real value rather submitting in online.
      Was this review helpful? 0
      , chandigarh
      Reviewed on May 02, 2019
    • ICICI Bank Home Loan
      "Good overall"
      0.5 4.0/5 "Great!"
      It is a good experience with ICICI Bank for the home loan. But actually for the disbursement of loan it took some time. It was around two weeks. The rate of interest is of 9.5% floating. There was a processing fee but I am not sure about the same.
      Was this review helpful? 0
      , greater noida
      Reviewed on Apr 30, 2019
    • ICICI Bank Home Loan
      "Excellent service"
      0.5 5.0/5 "Blown Away!"
      I have been holding my housing loan with ICICI bank twelve years back, the loan amount was sufficient based on my requirement i got loan, the rate of interest they have charged me up to 8.9% which was nominal that time, now i have successfully close this account, they charged me 3% pre-closure charges for closing the loan, previous year i have closed the account.
      Was this review helpful? 0
      , hyderabad
      Reviewed on Apr 30, 2019
    • ICICI Bank Home Loan
      "Good service"
      0.5 4.0/5 "Great!"
      I took home loan from ICICI bank , I got the loan with few days in account. When comparing with other banks the interest rate was high. The whole application process was easy and hassle free. It was a really fast personal loan experience. I am happy with ICICI BANK .
      Was this review helpful? 0
      , jaipur
      Reviewed on Apr 29, 2019
    • ICICI Bank Home Loan
      "Demanding Higher interest rate"
      0.5 3.0/5 "Satisfactory"
      I faced so many issues with ICICI people . When I approached for the Housing loan with them . They were demanding for higher interest rates . Though , I am a account holder for more than four years . They didn't reduce any interest rate . This made me to go with another bank Housing loan with lesser interest rates .
      Was this review helpful? 1
      , delhi
      Reviewed on Apr 29, 2019
    • ICICI Bank Home Loan
      "Interest charge is a burden"
      0.5 3.0/5 "Satisfactory"
      I came to know that in ICICI housing loan will be provided in shorter span of time . But when I deeply enquired about their process and their interest rate . It is comparatively quite high in the market for a common man . Then I decided not to go with the ICICI bank .
      Was this review helpful? 0
      , mumbai
      Reviewed on Apr 29, 2019
    • ICICI Bank Home Loan
      "GOOD"
      0.5 4.0/5 "Great!"
      I have done the balance transfer with the ICICI BANK where i have taken the home loan previously with the another bank. The banking process was simple and easy to use. They have given the rate of Internet which was nominal than others. The service is good.
      Was this review helpful? 0
      , hyderabad
      Reviewed on Apr 27, 2019
    • ICICI Bank Home Loan
      "Average Service"
      0.5 3.0/5 "Satisfactory"
      I had done a balance transfer to ICICI BANK since i was looking for a lesser interest rate, the process had been simple and did not took much time. The interest rate was nominal but they had made some charges for the insurance without an intimation, the customer support response with them has also not been that good where the response has to get improved.
      Was this review helpful? 1
      , bangalore
      Reviewed on Apr 24, 2019
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