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    We found 2 ICICI 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
    Rs.5,000 Amazon Voucher 100% PAPERLESS APPROVAL
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    Documents
    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
    Rs.5,000 Amazon Voucher 100% PAPERLESS APPROVAL
    What you'll love
    Documents
    Perks
    Fees & Charges
    Good to Know
    ICICI Home Loan is Rated as "Great!" by 2479 Users

    Fees & Charges

    Promised Interest Rate

    Customer Service

    Responsiveness

    Home Loan BYTES FROM OUR KITCHEN

    ICICI Home Loan

    ICICI bank is a nationalised bank that has its robust network spread throughout the country. Its network makes it easier for customers to educate themselves about the quality products that the bank has to offer. One of the most renowned products of theirs is their home loan products. Equipped with competitive rates of interest and processing fee, a ICICI home loan is preferred by several loan customers all across the nation.

    ICICI Bank Home Loan Interest RatesUpdated on 19 Sep 2018

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

     

    ICICI bank home loan

    The practical aspects of buying, constructing or renovating a house involves immense responsibility, impeccable research and thorough planning. For most of us, getting the right home loan scheme (which perfectly suits our needs) and repaying it with an interest can be a mammoth task, or maybe quite impossible. Though some people settle for a mortgage, it may not be the wisest option. In this scenario, the best thing to opt for is a comprehensive home loan plan. Most leading banks extend financial assistance to customers in the form of home loans, with the purpose of helping them to buy a house.ICICI Bank is one on of India’s largest private sector banks.

    Some of the Best Features Provided By ICICI Bank Home Loan are as follows:

    • It is a really a very quick and easy process to get a home loan from ICICI Bank.
    • With a higher eligibility, the bank also offers lower EMIs at affordable and attractive rates of interest.
    • Keeping up evolving technology, ICICI bank has introduced a new system by which you can go through the application process Tablet and Smart phone. This ensures faster processing and quick disbursal of the loan.
    • You can avail home loan from ICICI to buy your dream house (of your choice), or from ICICI bank’s approved projects.
    • They also offers pre-approved home loans to selected customers, and existing customers get to enjoy reduced documentation process.

    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 home loan eligibility criteria:

    • Applicants must be at least 21 years old when the loan is sanctioned.
    • The entire loan must be repaid at or before the age of 65 years.
    • Applicant must be self-employed or salaried with a regular income source.
    • The co-applicant’s age must be at least 18 years.
    Apply for Home Loan Online

    ICICI bank home loan interest rates

    Before we get into the absolute numbers, it is essential to know how the interest rates are actually calculated. Like other home loans available from other banks in India, ICICI Bank home loans also offer an MLCR based interest rate calculation. It is essential to understand that the ICICI Bank floating rate home loan is benchmarked to I-MCLR-1Y. Effective Aug 01, 2016 I-MCLR-1Y is 8.40%. But the interest rates are calculated differently for different groups based on demographics.

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

    Loan amount Effective Rate of Interest Rate
    30 lacs to 75 lacs 8.75% I-MCLR-1Y + 0.35%
    Above 75 lacs 8.80% I-MCLR-1Y + 0.40%

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

    Loan amount Effective Rate of Interest Rate
    30 lacs to 75 lacs 8.70% I-MCLR-1Y + 0.30%
    Above 75 lacs 8.75% I-MCLR-1Y + 0.35%

    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 8.70% I-MCLR-1Y+0.30%
    Above 75 lacs 8.75% I-MCLR-1Y+0.35%

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

    Loan amount Effective Rate of Interest Rate
    30 lacs to 75 lacs 8.65% I-MCLR-1Y+0.25%
    Above 75 lacs 8.70% I-MCLR-1Y+0.30%

    ICICI bank home loan EMI calculator

    ICICI Bank offers unique and dynamic tools like EMI calculator and Eligibility calculator to help customers with choosing the right home loan. With the use of the eligibility calculator you can find the home loan amount you are eligible to avail for, by entering certain basic details/parameters, and the EMI calculator calculates the monthly repayment amount you need to make towards the loan. For this you need to enter basic details like the loan tenure and loan amount. Make use of these tools to get the best deal.

    Pradhan mantri awas yojana by ICICI bank

    The CLSS or Credit Linked Subsidy Scheme has been announced by the Prime Minister of India, Narendra Modi under the Pradhan Mantri Awas Yojana. According to the CLSS under PMAY, everyone will have a house by 2022.

    Under the housing for all by 2022 scheme, interest subsidy can be availed by the customers belonging to MIG (Middle Income Group), LIG (Lower Income Group) and EWS (Economically Weaker Section) for improvement, extension, construction and purchase of houses.

    Features of PMAY schemes:

    • In case of MIG categories, the beneficiary family’s Aadhaar numbers are mandatory.
    • The interest subsidy benefit can be availed on the outstanding principal.
    • The subsidy can be availed for maximum tenure of 20 years or the tenure availed by the customer, whichever is lower.
    • No cap is there on the property’s cost or the amount of loan.
    • The NPV or Net Present Value of the subsidy is calculated at a discounted rate of 9%.
    • Any additional loan above the specified cap, will come with a non-subsidized rate.

    Eligibility for applying PMAY scheme:

    • In order to be eligible for this scheme, the beneficiary family must not have received any central assistance under Housing of all by 2022.

    Beneficiaries under PMAY scheme:

    • This particular scheme is offered to the families comprising of wife, husband and unmarried kids. Any adult member earning for himself/herself, irrespective of his/her marital status, will be treated as separate household under the Middle Income Group category.
    • The beneficiary family should not have a pucca house in any part of India. Even the family members cannot own a pucca house anywhere in India.

    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.

    FAQs on ICICI home loan

    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.

    Why You Should Choose ICICI Home Loan

    Choosing a home loan provider is challenging. Building a new home is a dream to many, choosing the right bank takes you one step closer to make your dream come true. Many leading banks offer excellent home loans with attractive features. ICICI Bank is one such bank that offers home loans that is specially designed keeping their customers in mind. To know more ICICI Bank home loans, the charges associated with it, the documentation process, or to check your eligibility: Click Here

    Excellent Home Improvement Loans From ICICI

    People often require funds and opt for loans to renovate their existing home. To help homeowners refurbish their house, ICICI Bank is now offering home improvement loans with attractive features. To check if you are eligible to apply for a ICICI Bank home improvement loan: Click Here

    Home Equity Loan Offered By ICICI Bank

    Home equity loan is trending these days. This type of loan is when a borrower uses the equity of the house as collateral. Many people opt for home equity loans to take care of other expenses like home renovations, medical expenses, or for higher education. One of the most popular home equity loans in India is ICICI Bank Home Equity Loan. If you want to check if you are eligible to apply for a ICICI Bank Home Equity Loan: Click Here

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    ICICI Bank Home Loan Reviews

    • ICICI Bank Home Loan
      "Satisfactory"
      0.5 4.0/5 "Great!"
      I have taken my home loan with ICICI bank 12 years back. The loan amount was 30 lakhs and the interest rate was satisfactory . The tenure period was 30 year . .There is no issues with the service here and it was quite smooth also. They have sanctioned the loan with the committed time,
      Was this review helpful? 1
      , mumbai
      Reviewed on Sep 14, 2018
    • ICICI Bank Home Loan
      "Satisfactory"
      0.5 4.0/5 "Great!"
      I have take my home loan ICICI bank . The loan amount was I25,000 and the given interest rate was 5 years . The loan process was very good and the documentation was very smooth. processing fee was nominal when compared with other banks.My overall experience was good.
      Was this review helpful? 6
      , mumbai
      Reviewed on Aug 30, 2018
    • ICICI Bank Home Loan
      "Best Service"
      0.5 5.0/5 "Blown Away!"
      I have my home loan approved with ICICI bank and the experience was good, the process was smooth and the loan amount was disbursed in a month. The loan amount was for Rs 18 lacs with nominal interest rate. Customer service was fine and they responded on time. The tenure period for this loan is 20 years.
      Was this review helpful? 1
      , new delhi
      Reviewed on Aug 29, 2018
    • ICICI Bank Home Loan
      "Not satisfied"
      0.5 2.0/5 "Expected more"
      My home loan experience was not good with ICICI bank, the process took 1 month to complete. The loan amount was for Rs 13.29 lacs with rate of interest of 8.6% which is high. Customer support is not that good with this bank. For any queries, we need to raise a request ID on the web and then call to the customer service.
      Was this review helpful? 1
      , new delhi
      Reviewed on Aug 29, 2018
    • ICICI Bank Home Loan
      "Good service"
      0.5 5.0/5 "Blown Away!"
      I have my home loan application approved with ICICI bank and the experience was good, the loan amount was for Rs 22 lacs with nominal interest rate in the market. Customer service was good and they collected documents on time. The process was smooth and the loan was disbursed on time.
      Was this review helpful? 1
      , mumbai
      Reviewed on Aug 29, 2018
    • ICICI Bank Home Loan
      "Best Service"
      0.5 5.0/5 "Blown Away!"
      The application process was smooth with ICICI bank for home loan, it took 1 month to disburse the loan amount. Documents were collected on time and the customer service was good with ICICI bank. The loan amount was for Rs 20.5 lacs with nominal interest rate when compared to other banks.
      Was this review helpful? 2
      , pune
      Reviewed on Aug 28, 2018
    • ICICI Bank Home Loan
      "Good service"
      0.5 4.0/5 "Great!"
      I have taken a home loan with ICICI bank and my loan experience was good, the loan amount was for Rs 6 lakhs with high interest rate of 13%. Customer service was good with ICICI bank and they responded on time I pay an EMI of Rs 8300 and the tenure period for this loan is 10 years.
      Was this review helpful? 2
      , hyderabad
      Reviewed on Aug 17, 2018
    • ICICI Bank Home Loan
      "Overall good."
      0.5 5.0/5 "Blown Away!"
      My home loan is with ICICI Bank and the process was smooth and easy. There was no much of documentation and the experience was nice. The customer support and response is good and there are no issues to get the loan. The rate of interest and processing charges are reasonable too.
      Was this review helpful? 1
      , navi mumbai
      Reviewed on Aug 16, 2018
    • ICICI Bank Home Loan
      "Easy to take the home loan"
      0.5 4.0/5 "Great!"
      Its been 3years since I have purchased this home loan. I have applied the home loan of Rs. 17.99 lakhs they have offered me a interest rate of 8.33% and their is no processing fee, I have received the loan time. I don't face any issues while purchasing a home loan services from ICICI bank.
      Was this review helpful? 1
      , new delhi
      Reviewed on Jul 23, 2018
    • ICICI Bank Home Loan
      "Excellent Service"
      0.5 4.0/5 "Great!"
      It has been a very good experience with ICICI. The process of getting the loan had been smooth and easy and the loan amount had also been satisfactory. The interest rate offered by them had been good as well when compared with the market rate. There has not been any hassles with the banking services which they had provided.
      Was this review helpful? 1
      , mumbai
      Reviewed on Jul 18, 2018
    • ICICI Bank Home Loan
      "Needs to improve on customer service"
      0.5 1.0/5 "Really Bad"
      I have applied for the home loan from ICICI bank and the application was closed, the reason is because there was no proper response from the customer service of ICICI bank and there was no follow up done. The rate of interest was nominal when compared to other banks.
      Was this review helpful? 4
      , chennai
      Reviewed on Jul 10, 2018
    • ICICI Bank Home Loan
      "Good service"
      0.5 4.0/5 "Great!"
      My home loan application was closed with ICICI bank, the reason behind closing the application is that, i have postponed the plan to get the home loan. Customer service was good and they followed up on time. The rate of interest is nominal when compared to other banks.
      Was this review helpful? 4
      , lucknow
      Reviewed on Jul 10, 2018
    • ICICI Bank Home Loan
      "Need to reduce ROI"
      0.5 3.0/5 "Satisfactory"
      The reason why i have not taken the home loan with ICICI bank is because the rate of interest was way high when compared to others in the market. When it comes to the customer service of ICICI bank, it was good and they followed up on time.
      Was this review helpful? 0
      , bangalore
      Reviewed on Jul 09, 2018
    • ICICI Bank Home Loan
      "Need to reduce charges"
      0.5 4.0/5 "Great!"
      I have not taken the home loan and the application was closed with ICICI bank, the reason being i have not found the property till now and i have postponed the plan to get the home loan. Customer service was good and they followed up on time. The rate of interest of 8.45% is quite high when compared to others.
      Was this review helpful? 0
      , bangalore
      Reviewed on Jul 09, 2018
    • ICICI Bank Home Loan
      "Excellent Services"
      0.5 4.0/5 "Great!"
      I have got my loan again my property. Home loan interest rate 8.5% however i have got the loan against property for that they have offered me a 9.5% with a interest rate. They have offered me a processing fee of Rs. 5000 other than that there is some administration charges and documentation charges it was around Rs. 10000. I used to pay the EMI amount of Rs. 22500 every month.
      Was this review helpful? 0
      , new delhi
      Reviewed on Jul 09, 2018
    • ICICI Bank Home Loan
      "Fast service from ICICI"
      0.5 5.0/5 "Blown Away!"
      I have applied the loan amount of Rs. 45 lakhs and they have sanctioned loan now its under process. Before they have rejected the loan due to no eligibility. Again i have applied now with the amount of 20 lakhs now its under processing. They are providing a interest rate of 10.56% and the processing fee of 2%. The documents also not collected by any of the executive however i have uploaded the documents through online. The customer care service is very good. They are giving the security against the loan.
      Was this review helpful? 4
      , bangalore
      Reviewed on Jul 09, 2018
    • ICICI Bank Home Loan
      "Fine with ICICI Home loan"
      0.5 3.5/5 "Pretty good"
      I have applied the loan amount of 15 lakhs. They have rejected because of its B KHATHA property. They used to ask for A KHATHA property. They did not inform the about the interest rates and processing fee. They did not inform about the EMI options also. The documentation process was fine. Their is no issue with the documents and all.
      Was this review helpful? 0
      , bangalore
      Reviewed on Jul 09, 2018
    • ICICI Bank Home Loan
      "Good service"
      0.5 4.0/5 "Great!"
      I have approached ICICI Bank for my personal loan. The loan amount was 6 lakhs and the interest rate was satisfactory . I have canceled the request here and taken the same with syndicate bank .My overall experience was good so I would like to recommend to others.
      Was this review helpful? 1
      , bangalore
      Reviewed on Jul 07, 2018
    • ICICI Bank Home Loan
      "Good service"
      0.5 4.0/5 "Great!"
      My home loan was taken with ICICI bank 10 days back. The loan amount was 50 lakhs and the interest rate was satisfactory .The customer service and responses was really good. They have disbursed the loan through cheque which is bit difficult other than that the process was very quick. The documentation was very smooth and quick.
      Was this review helpful? 0
      , mumbai
      Reviewed on Jul 06, 2018
    • ICICI Bank Home Loan
      "Good service"
      0.5 4.0/5 "Great!"
      My home loan was taken with ICICI Bank 1 month back. The loan amount was 80 lakhs and the interest rate was satisfactory and the tenure period was 20 years . The customer service and responses was up to the mark.I had a smooth documentation here and the loan was approved on time.
      Was this review helpful? 0
      , new delhi
      Reviewed on Jul 06, 2018
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