ICICI Bank provides home loans with interest rates starting from 8.75% p.a. onwards for tenures up to 30 years. Additionally, ICICI Bank offers pre-approved instant home loan sanctions to its salary account holders. It also provides a home loan balance transfer facility, allowing existing home loan borrowers from other lenders to transfer their loans to ICICI Bank at lower interest rates.
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ICICI Bank Home Loan Highlights |
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|---|---|
| Interest Rate | 8.75% p.a. onwards |
| Loan Amount | As per the applicant’s eligibility |
| Tenure | Up to 30 years |
| Processing Fees | 0.50% |
Pre Approved Home loan | Check Eligibility & Apply Online
| Table of Contents | ||
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| Compare interest rates offered by other lenders | ||
| Interest Rates | ||
| Types of ICICI Bank Home Loan | ||
| Processing Fees & Charges | ||
| Eligibility Criteria | ||
| Documents Required | ||
| FAQs | ||
| Name of Lender | Up to Rs. 30 Lakh | Above Rs. 30 Lakh to Rs. 75 Lakh | Above Rs. 75 Lakh | |
|---|---|---|---|---|
| SBI Bank | 8.40% - 10.15% p.a. | 8.40% - 10.05% p.a. | 8.40% - 10.05% p.a. | Apply Now |
| HDFC Bank Limited | 8.40% p.a. onwards | 8.40% p.a. onwards | 8.40% p.a. onwards | Apply Now |
| Kotak Mahindra Bank | 8.70% p.a. onwards | 8.70% p.a. onwards | 8.70% p.a. onwards | Apply Now |
| ICICI Bank | 8.75% p.a. onwards | 8.75% p.a. onwards | 8.75% p.a. onwards | Apply Now |
| Federal Bank | 8.80% p.a. onwards | 8.80% p.a. onwards | 8.80% p.a. onwards | Apply Now |
| L&T Finance Limited | 8.60% p.a. onwards | 8.60% p.a. onwards | 8.60% p.a. onwards | Apply Now |
| Bajaj Housing Finance | 8.50% p.a. onwards | 8.50% p.a. onwards | 8.50% p.a. onwards | Apply Now |
| LIC Housing Finance | 8.35% - 10.35% p.a. | 8.35% - 10.55% p.a. | 8.35% - 10.75% p.a. | Apply Now |
| PNB Housing Finance | 8.50% - 14.50% p.a. | 8.50% - 14.50% p.a. | 8.50% - 11.45% p.a. | Apply Now |
| Punjab National Bank | 8.45% - 10.25% p.a. | 8.40% - 10.15% p.a. | 8.40% - 10.15% p.a. | Apply Now |
| Bank of Baroda | 8.40% - 10.65% p.a. | 8.40% - 10.65% p.a. | 8.40% - 10.90% p.a. | Apply Now |
| IDFC First Bank | 8.75% p.a. onwards | 8.75% p.a. onwards | 8.75% p.a. onwards | Apply Now |
| Tata Capital Housing Finance | 8.70% p.a. onwards | 8.70% p.a. onwards | 8.70% p.a. onwards | Apply Now |
| Axis Bank | 8.70% - 13.30% p.a | 8.70% - 13.30% p.a | 8.70% - 9.10% p.a. | Apply Now |
| Godrej Housing Finance | 8.55% p.a. onwards | 8.55% p.a. onwards | 8.55% p.a. onwards | Apply Now |
Also read: Best Home Loan in India
ICICI Bank offers home loan interest rates starting from 8.75% p.a. onwards for pre-approved customers. The bank provides different interest rates depending on factors such as the applicant's credit score, loan amount, and occupation profile.
| CIBIL Score | Salaried | Self-employed |
|---|---|---|
| >=800 | 9.00% | 9.00% |
| 750-800 | 9.00% | 9.10% |
| Slab | Floating Interest Rates (p.a.) | |
|---|---|---|
| For Salaried | For Self-employed | |
| Up to Rs. 35 lakh | 9.25% - 9.65% | 9.40% - 9.80% |
| Rs. 35 lakh to Rs. 75 lakh | 9.50% - 9.80% | 9.65% - 9.95% |
Purpose: ICICI Bank provides a New Home Loan scheme for individuals looking to purchase or construct a house or flat.
Tenure: Up to 30 years
Purpose: Existing home loan borrowers from other banks and Housing Finance Companies (HFCs) have the option to avail ICICI Bank's Home Loan Balance Transfer facility. This allows them to transfer their existing home loans to ICICI Bank at lower interest rates.
Tenure: Up to 30 years
Purpose: Consumers have the option to avail ICICI Bank Land Loans to raise funds for purchasing land or a plot for home construction purposes. However, it's important to note that the construction must be completed within 2 years from the date of disbursement of the loan.
Tenure: Up to 20 years
Purpose: NRI individuals can avail ICICI Bank NRI Home Loan for various purposes such as purchasing, constructing, repairing, or renovating their home in India.
Loan Amount: Up to Rs 5 crore or more
Tenure: Up to 30 years
Purpose: Existing home loan borrowers have the option to avail the home loan overdraft facility provided by ICICI Bank. This feature allows them to deposit surplus funds in the linked overdraft account, up to a predetermined limit, and withdraw money as needed. Importantly, interest is only charged on the amount withdrawn, offering flexibility and potential interest savings.
Loan Amount: Rs 5 lakh-Rs 5 crore
Purpose: Consumers have the option to avail pre-approved digital ICICI Bank Insta Home Loan Overdraft facility, which provides instant access to funds to meet various personal expenses such as education, home renovation, debt consolidation, and other emergencies.
Loan Amount: Up to Rs 1 crore
Purpose: ICICI Bank provides Pre-approved Insta Top-up Home Loans to its existing home loan borrowers, offering additional funds over and above their existing home loans. Applicants can apply for this loan digitally through mobile or internet banking. Upon approval, the loan amount is disbursed instantly to the savings account linked to the existing home loan account.
Loan Amount: Up to Rs 1 crore
Tenure: Up to 10 years
Purpose: Under ICICI Bank Step Up Home Loans, applicants can access higher loan amounts compared to their eligibility under regular home loans. The repayment schedule is divided into two terms: the Initial or Primary Term, where the borrower pays only the interest, and the Secondary or Balance Term, where the total EMI (including interest and principal) becomes payable. This scheme allows prospective home loan borrowers to increase their loan amount eligibility by up to 20%.
Loan Amount: Up to Rs 3 crore
Tenure: Up to 30 years
Purpose: ICICI Bank Money Saver Home Loan is a unique home loan overdraft facility. With this feature, applicants can deposit extra funds into their Money Saver account or home loan account and withdraw them as needed. Additionally, ICICI Bank provides a top-up facility under the Money Saver Home Loan scheme.
Purpose: ICICI Bank provides Express Home Loans to both new and select existing customers, allowing them to obtain home loans quickly. With this service, applicants can receive a provisional sanction within a few hours. This provisional sanction enables prospective borrowers to negotiate with sellers or builders before finalizing the property.
Loan Amount: Up to Rs 5 crore
Tenure: Up to 30 years
Purpose: ICICI Bank offers Instant Home Loans, also known as ICICI Pre-approved Home Loans, with instant sanction for individuals who have their salary accounts with ICICI Bank.
Loan Amount: Up to Rs 3 crore
Tenure: Up to 30 years
Purpose: ICICI Bank provides pre-approved instant home loan balance transfer facility to existing customers of other banks and HFCs, allowing them to transfer their existing home loans to ICICI Bank at lower interest rates. The lender issues a sanction letter to the applicant, which remains valid for 6 months.
Loan Amount: Up to Rs 1 crore
Tenure: Up to 20 years
Purpose: Consumers have the option to avail ICICI Bank Pre-approved Top-up Loans, also known as "24 hours Top-up Loans," where the bank provides instant sanction on Top-up Loans to its select existing customers. These loans are offered over and above the existing home loans to meet the personal requirements of the applicants, such as travel, wedding, education, home renovation, medical emergencies, and more.
Loan Amount: Up to Rs 1 crore
Tenure: Up to 10 years
Also Read : Best Home Loan EMI Calculator
| Particulars | Applicable Fees & Charges |
|---|---|
| Loan Processing Charges / Renewal Charges | 0.50% |
| Repayment mode swap Charges | Rs 500 |
| Document Retrieval Charges | Rs 500 |
| Cheque bounce charges | Rs 500 |
| Duplicate No Objection Certificate / No Due Certificate | Rs 100 |
| Revalidation of No Objection Certificate | Rs 100 |
| Administrative Charges | Rs 5000 |
| CIBIL Report Charges | Rs 50 |
| Legal, Repossession and Incidental Charges | At Actuals |
| Charges for late payment |
Home Loans: 2% per month Home OD: 1.5% of the outstanding amount subject to a minimum of Rs. 500/- & Maximum of Rs.5000/- |
| Prepayment Charges |
4% on the outstanding amount of the loan where the loan is given to Non-Individual borrowers or with a fixed rate of interest to Individual borrowers. |
| Conversion charges for ICICI home loans |
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Also read: Best Home Loan Fees and Charges
| Age | 20 Years |
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| Co-applicant: |
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| Residency Status |
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| Type of Employment |
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Also Read : Best Home Loan Eligibility
Here are some of the common documents required for an ICICI Bank Home Loan :
For all applicants:
For Salaried Individuals:
For Self-employed Professionals/ Self-employed Non-professionals:
Also Read : Best Home Loan Documents Required
Customer's gold ornaments are securely stored in a safe room constructed in compliance with government regulations. These rooms are equipped with electronic surveillance to ensure the protection of the gold.
Shriram Finance provides insurance for the gold kept as collateral by you. This ensures that in the event of theft, the borrower doesn't need to worry about the security of the gold.
The interest rate starts from 11.4% per annum (*p.a.) and you can select a loan tenure ranging from 1 month up to 12 months.
Salaried individuals, self-employed professionals, business owners, and other individuals aged between 18 and 75 years can apply for Shriram Finance Gold Loan.
The minimum age requirement is 18 years, and the maximum age limit is 75 years at the time of loan maturity.