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  • ICICI Home Loan

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  • ICICI Bank offers eligible borrowers housing loans at attractive interest rates starting at 6.90% p.a. with extended loan tenures up to 30 years and easy repayment options. The low processing fees ranging from 0% - 0.50% (plus Applicable Taxes) 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.
    • Attractive Interest rates on both fixed and floating rate loans
    • Lower Equated Monthly Installments (EMIs)
    • Zero prepayment charges on floating rate loans
    We found 1 ICICI Bank Home Loan
    Bank Name
    Interest Rate Range
    Processing Fee Range
    Loan Amount
    Tenure Range
    6.90% - 8.05% Floating
    Up to 0.50% One time fee
    Rs.5L - Rs.10Crs
    3 - 30 Years
    What you'll love
    Fees & Charges
    Good to Know

    ICICI Home Loan Interest Rate 2021

    Loan Amount Salaried Self Employed
    Up to ₹ 35 lacs 6.90% - 7.60% 7.05% - 7.85%
    ₹ 35 L to ₹ 75 lacs 7.00% - 7.75% 7.10% -7.95%
    Above ₹ 75 lacs 7.00% - 7.95% 7.10% - 8.05%

    Compare: Home Loan Interest Rate all Banks

    ICICI Home Loan Calculator

    BankBazaar ICICI Bank Home Loan EMI Calculator is an easy-to-use and hassle-free financial tool that lets you calculate your monthly instalments quickly with 100% accurate results every time. All you need to do is enter your preferred loan amount, interest rate, processing fee, and tenure. Hit “Calculate” to view the results. 

    You can also check a detailed breakdown of your repayment schedule through an amortisation table. 

    ICICI Bank Home Loan EMI Calculation
    Amount 10 years 20 years 30 years
    Rs.10 lakh Rs.11,585 Rs.7,723 Rs.6,619
    Rs.20 lakh Rs.23,170 Rs.15,446 Rs.13,239
    Rs.40 lakh Rs.46,340 Rs.30,892 Rs.26,478
    Rs.50 lakh Rs.57,925 Rs.38,615 Rs.33,097

    *Lowest interest rate of 6.95% p.a. has been taken into consideration for this loan EMI illustration. Your final EMI amount can vary based on the rate offered to you by the bank. 

    ICICI Bank Home Loan Schemes

    1. ICICI Bank Instant Home Loan
      • Pre-approved housing loans up to Rs.1 crore available exclusively for customers with salary account with the bank
      • No documents to be submitted at the time of sanction
      • Discounted processing fee
      Borrowers Type Floating Rate of Interest (% p.a.) Processing Fee
      For Salaried 8.65-9.25 Up to 2% of the loan amount plus applicable tax
      For Self-employed 8.80 – 9.40 Up to 2% of the loan amount plus applicable tax
    2. ICICI Bank 30 Year Home Loan
      • Competitive rates of interest on both floating and fixed rate loans
      • Extended loan term up to 30 years for easy repayment
      • EMI per lakh as low as Rs.808
      Borrowers Type Floating Rate of Interest (% p.a.) Processing Fee
      For Salaried 6.90– 7.95 Up to 2% of the loan amount or Rs.1,500* (whichever is higher)
      For Self-employed 7.05 – 8.05 Up to 2% of the loan amount or Rs.1,500* (whichever is higher)
    3. ICICI Bank Step Up Home Loans
      • Suitable for young salaried professionals with moderate income
      • Minimum monthly income required: Rs.20,000
      • Loan term up to 20 years
      Borrowers Type Floating Rate of Interest (% p.a.) Processing Fee
      For All 6.90– 8.05 Up to 2% of the loan amount or Rs.1,500* (whichever is higher)

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

    4. ICICI Bank NRI Home Loan
      • Zero charges on part-prepayment
      • Competitive rates of interest
      • Interest rates calculated on monthly reducing basis
      • Processing Fee: Up to 2% of the loan amount plus applicable tax

    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 Bank Home Loan Eligibility Criteria

    • Minimum Age: 18 years
    • Maximum Age: 65 years
    • Minimum Age: 21 years
    • Maximum Age: 65 years
    • 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

    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 ICICI 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 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.


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    ICICI Bank Home Loan Reviews

    • ICICI Bank
      "Excellent Loan"
      0.5 5.0/5 "Blown Away!"
      I have taken home loan from ICICI Bank, my loan was sanction on time and its going to be disbursed soon. The amount of the loan is 18 lakh . the bank informed me that for construction plan I have to pay for 3 lakh. The interest rate is 8.65% but the bank will be reducing the rate by 1.5% from next month.
      Was this review helpful? 198
      , new delhi
      Reviewed on Mar 21, 2020
    • ICICI Bank
      ICICI Bank
      "Disappointed with ICICI"
      0.5 0.5/5 "Unacceptable"
      I hand applied for the Home construction loan @ Rabakavi Branch, Karnataka. We provided all the legal & Income documents. Loan got approved but they dragged it for 4 Months for the final steps and did not disburse finally saying legal issues which are absurd.
      Was this review helpful? 146
      , rabkavi banhatti
      Reviewed on Mar 14, 2020
    • ICICI Bank
      "Delighted "
      0.5 4.5/5 "Excellent!"
      ICICI Bank, they offered me a home loan and the loan amount was Rs. 35L. The rate of interest as per the market rate but they keep on changing. I opted for the tenure period of 15 years and i am paying EMI of 40K since have an account in this bank so i got this offer.
      Was this review helpful? 9
      , vadodara
      Reviewed on Mar 02, 2020
    • ICICI Bank
      "Good service"
      0.5 4.5/5 "Excellent!"
      I have taken home loan directly through ICICI Bank.I have taken this loan for house construction purpose.The rate of interest and the processing fee was less .This loan was sanctioned immediately and paying the premium on EMI basis .Everything was smooth and there was continuous callback and follow up from bank end.
      Was this review helpful? 4
      , pune
      Reviewed on Feb 10, 2020
    • ICICI Bank
      "Good Service"
      0.5 5.0/5 "Blown Away!"
      I have taken home loan directly trough ICICI bank.The rate of interest and the processing fee was quite nominal .The loan amount got sanctioned on time without any delay .This loan is still active on my account. Banking service was much comfortable and satisfactory.
      Was this review helpful? 7
      , surat
      Reviewed on Feb 08, 2020
    • ICICI Bank
      "Service should improve "
      0.5 2.5/5 "Just OK"
      I have availed home loan directly through ICICI Bank .The rate of interest and the processing fee was very less.This loan is still active and i have not received the loan on time. It took almost 1-3 months very long process and i went to bank and given all documents. Customer service need to improve and it is not recommended .
      Was this review helpful? 9
      , kolkata
      Reviewed on Jan 21, 2020
    • ICICI Bank
      0.5 0.5/5 "Unacceptable"
      I have taken home loan from ICICI Bank. My Instalment is of Rs 44,000/-. I lowered my Instalment Amount from Rs 44000/- to 34207/-. But Bank deducted Rs 44,000/- from my saving and adjusted Rs 34207/- and showing Rs 9793/- as excess received. Now the amount is Excess with Bank and Bank is demanding as 9.05% interest on my Principal Due including Rs 9793/- as excess deducted. I requested Bank to adjust my Excess deducted amount from my Principal Due from the date it was deducted from my account. Bank is refusing to adjust the same from the date it was deducted. I also requested Bank to refund my money back with interest, as i have to pay 9.05% interest on amount excess deducted. Bank is also refusing for same. No body knows, that how much bank is having excess amount like this, which they have excess deducted from the customer account and not refunding it back to customer and also demanding interest on them. It is one of the WORST BANK of INDIA. I request everyone to be careful.
      Was this review helpful? 21
      , chandigarh
      Reviewed on Jan 21, 2020
    • ICICI Bank
      "Good Loan Service"
      0.5 4.0/5 "Great!"
      I have chosen home loan from ICICI BANK Since I am holding a salary account with them so got this loan offer. When I check with the builder, they had a three option in that i have chosen this bank. I had applied the loan amount of Rs. 30 lakhs and they have sanctioned the same amount. Processing fee was a nominal one. In the year 2015, I got the loan with the tenure period of 30 years.
      Was this review helpful? 5
      , mumbai
      Reviewed on Jan 21, 2020
    • ICICI Bank
      "Good Service"
      0.5 4.0/5 "Great!"
      I have availed home loan directly through ICICI Bank .The rate of interest and the processing fee was very less.This loan is still active and got the loan amount on time without any delay.I have just uploaded the documents throuhg online .I am really satisfied with the service.
      Was this review helpful? 5
      , kolkata
      Reviewed on Jan 13, 2020
    • ICICI Bank
      "They don't change according to the market"
      0.5 3.0/5 "Satisfactory"
      I have taken a home loan from ICICI and the rate of interest is much high compare to the market scenario and i have done a balance transfer to SBI where they have offered me a less rate of interest 8.5% and EMI is Rs. 47,000 with the tenure of 25 years. Customer service and responsiveness was good.
      Was this review helpful? 5
      , mumbai
      Reviewed on Dec 28, 2019
    • ICICI Bank
      "Instant loan approval"
      0.5 5.0/5 "Blown Away!"
      I had applied for a home loan with ICICI Bank. They have taken my documentation and also completed the verification as well. The loan amount was Rs. 8.75 lakhs and the rate of interest was 8.6% i am happy with the interest.I received this loan instantly and i applied this loan through online channel.There is no pre closure charges.
      Was this review helpful? 6
      , jaipur
      Reviewed on Dec 09, 2019
    • ICICI Bank
      "Good Service"
      0.5 5.0/5 "Blown Away!"
      I have taken home loan directly through ICICI Bank.The rate of interest and the processing fee was medium.I have got the loan sanctioned on time .The documents was very less and each and every detail was shared clearly by the agent .This loan is still active and there was no difficulties faced so far.
      Was this review helpful? 7
      , salem
      Reviewed on Nov 26, 2019
    • ICICI Bank
      "Need to improve the privileged customer service"
      0.5 3.5/5 "Pretty good"
      My home loan was taken from ICICI and they have deducted my EMI even before given the cheque to me. I have taken the loan amount of Rs. 40 lakhs in the year of 2012. Even before given the cheque to the builder they have taken the EMI amount of Rs. 55000 except processing fee. The loan has a tenure period of 10 years.
      Was this review helpful? 8
      , jaipur
      Reviewed on Nov 08, 2019
    • ICICI Bank
      "Good interest rate to the needy person"
      0.5 5.0/5 "Blown Away!"
      My home loan was taken from ICICI because i am a banking customer of ICICI from the year of 2012. I purchased the loan amount of Rs. 18 lakhs and i have been paying the EMI amount of Rs. 14900. I have selected the duration of 30 years. They have sanctioned the loan within 10 days.
      Was this review helpful? 4
      , ahmedabad
      Reviewed on Nov 06, 2019
    • ICICI Bank
      "Average Loan service"
      0.5 3.0/5 "Satisfactory"
      ICICI bank has provided me a home loan at the time of i want on a immediate basis. Since the necessity is over they have provided me a timeliness loan. I taken the loan amount of Rs. 10 lakhs and the have charged me a higher interest rates which i'm not comfortable with.
      Was this review helpful? 5
      , mumbai
      Reviewed on Oct 05, 2019
    • ICICI Bank
      "Need to be very clear with the process"
      0.5 1.0/5 "Really Bad"
      I am running a home loan with ICICI BANK and making the payments time to time from last 3 years. They have provided me 31L to purchase residential property but the loan process and services are not good, whatever I enquire they don't know that. The interest rate was very good.
      Was this review helpful? 7
      , hyderabad
      Reviewed on Sep 24, 2019
    • ICICI Bank
      0.5 5.0/5 "Blown Away!"
      I have chosen ICICI BANK for a home loan because they have provided me maximum fund and supportive. The loan duration is 10 years. I can do partial payment and foreclosure with some charges. The interest rate is okay and the processing fee is also normal.
      Was this review helpful? 3
      , coimbatore
      Reviewed on Sep 17, 2019
    • ICICI Bank
      "Good but can do better on the interest"
      0.5 4.0/5 "Great!"
      I took new housing loan from ICICI bank, they approved the loan amount of Rs.26 lakhs with the duration of 10 years. They taken some stamp duty and processing fee from the disbursement, they have balance transfer part payment and foreclosure.
      Was this review helpful? 3
      , bangalore
      Reviewed on Sep 06, 2019
    • ICICI Bank
      "Very bad loan service"
      0.5 0.5/5 "Unacceptable"
      I have applied the home loan from ICICI bank since i have a salary account with them. In the branch, the approach is not good and they are not interested to provide the loan to the customer. I had applied the loan amount of Rs. 21 lakhs and they asked me to submit the documents once i given the same, they said they cannot able to process the same because they will give only for CITI side house.
      Was this review helpful? 5
      , kochi
      Reviewed on Aug 31, 2019
    • ICICI Bank
      "Good Loan"
      0.5 3.0/5 "Satisfactory"
      I got the good option in CITI bank when i chosen the home loan. I purchase the loan in the year of 2006 but the interest rate is high. I applied the loan amount of Rs. 6.5 lakhs for that they have given me a interest rate of 11%. I have closed the loan in 2013. I have pre-closed the loan with the additional charges of 3%
      Was this review helpful? 4
      , indore
      Reviewed on Aug 20, 2019
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