Overview
ICICI Bank
ICICI Bank provides attractive home loan options with interest rates beginning at 8.75% p.a. and a maximum tenure of 30 years. Eligible borrowers can secure loans up to ₹5 crore, suitable for various property-related purposes such as purchasing plots, constructing homes, renovations, and home extensions.
Rate of Interest
8.75% - 10.00%
Loan to Value
80% - 85%
Loan Tenure
Max 30 Years
Max Loan Amount
Upto 5cr
| Rate of Interest | 8.75% - 10.00% |
| Loan Tenure | Max 30 Years |
| Age | Salaried : 20 - 65 years Self Employed : 21 - 70 years |
| Profession | Salaried/Self Employed |
| Income | 25,000/Month & Above |
| Nationality | Resident Indian/ NRI |
| Max Loan Amount | Upto 5cr |
| Plot Purchase | |
| Independent Building | |
| Apartment | |
| Resale Property | |
| New Construction | |
| LTV | 80% - 85% |
| Home Loan | |
| Plot Cum Construction Loan | |
| Balance Transfer | |
| Overdraft Facility | |
| Top Up Facility | |
| Other Offerings | Land Loan, Step-Up Home Loan, Loan Against Property, Commercial Property Purchase Loan |
| Processing Fees | 0.50% of the loan amount |
| Other Charges | Administrative Charges - 0.25 % of Facility Amount or ₹ 5000/- whichever is lower. |
| Overdraft Facilities | |
| Highlights | • Generous Loan Amount • Flexible Tenure • No Foreclosure Charges • Minimal Documentation • Instant Provisional Sanction |
*Disclaimer: The interest rate, maximum tenure, and other charges are subject to change, it's advisable to check with our experts for the latest information.
| Loan Amount | ₹ 50,00,000 |
| Loan Tenure | 20 years |
| Rate of Interest | 8.75% - 10.00% |
| Monthly EMI | ₹ 44,185 - ₹ 48,251 |
ICICI Home Loan Eligibility
ICICI Bank Home Loan Eligibility is dependent on the income and employment status of the applicants. Other important considerations include the applicant’s age, as well as the nature and duration of their employment.
| Criteria | Salaried Applicants | Self-employed Applicants |
|---|---|---|
| Age Range | 20 to 65 years | 21 to 70 years |
| Nationality | Resident Indian/ NRI | Resident Indian/ NRI |
| Minimum Monthly Income | Rs 25,000 | Rs 25,000 |
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ICICI Home Loan Interest Rates
| Employment | Interest Rate Range |
|---|---|
| Salaried Individuals | 8.75% – 9.70% |
| Self-employed Individuals | 9.05% – 9.85% |
Get the best Home Loan interest rates tailored for you
If you’re looking to choose the right home loan perfectly made according to your needs, then book a call with our experts here.
ICICI Home Loan Processing Fee and Charges
| Fee Type | Charges |
|---|---|
| Processing Fees | 0.50% of the loan amount plus applicable taxes |
| Administrative Charges | 0.25 % of Facility Amount or ₹ 5000/- whichever is lower. |
| Late EMI Payment Charges | 5% p.a. on overdue EMI + taxes |
| Statutory Charges | As per state laws |
| Check Bounce Charges | ₹500 per instance |
ICICI Home Loan Documents
ICICI requires the following documents:
Identity Documents
| Document Name | Salaried Applicants | Self-employed Applicants |
|---|---|---|
| Proof of Identity | ✔ | ✔ |
| Address Proof | ✔ | ✔ |
| Age Proof | ✔ | ✔ |
| Passport-sized Photographs | ✔ | ✔ |
Proof of Income
| Document Name | Salaried Applicants | Self-employed Applicants |
|---|---|---|
| Salary Slips | ✔ | ✖ |
| Bank Statements | ✔ | ✔ |
| IT Returns | ✔ | ✔ |
| Form 16 | ✔ | ✖ |
| Profit & Loss Account | ✖ | ✔ |
| Balance Sheet | ✖ | ✔ |
Other Documents
| Document Name | Salaried Applicants | Self-employed Applicants |
|---|---|---|
| Application Form | ✔ | ✔ |
| Processing Fee Cheque | ✔ | ✔ |
| Details of Current Employment | ✔ | ✖ |
| Business Profile | ✖ | ✔ |
| Details of Shareholders | ✖ | ✔ |
| Details of Directors | ✖ | ✔ |
ICICI Home Loan Schemes and Top Plans
ICICI Bank offers several home loan schemes to cater to diverse needs:
| Feature | Home Loan | Loan Against Property | Home Loan Balance Transfer | Construction Loan | Plot Loan | Renovation Loan | Extension Loan | Top-Up Loan | Advantage Plus (Balance Transfer) | Pensioners Home Loan | Loan Against Property (LAP) |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Minimum Loan Amount | – | – | – | ₹1 lakh | ₹1 lakh | ₹1 lakh | ₹1 lakh | ₹1 lakh | ₹1 lakh | ₹1 lakh | ₹2 lakh |
| Maximum Loan Amount | ₹5 crore | ₹5 crore | ₹5 crore | ₹15 crore | ₹15 crore | ₹15 crore | ₹15 crore | ₹15 crore | ₹15 crore | ₹15 crore | ₹15 crore |
| Interest Rate | 8.75% p.a. onwards | 8.75% p.a. onwards | 8.75% p.a. onwards | 8.75% p.a. onwards | 8.70% p.a. onwards | 8.65% p.a. onwards | 8.65% p.a. onwards | 9.70% p.a. onwards | 8.50% p.a. onwards | 8.60% p.a. onwards | 9.70% p.a. onwards |
| Tenure | Up to 30 years | Up to 15 years | Up to 20 years | Up to 30 years | Up to 30 years | Up to 30 years | Up to 30 years | Up to 20 years | Up to 20 years | Up to 30 years | Up to 15 years |
| Eligible Applicants | Salaried/Self-employed | Salaried/Self-employed | NRIs/PIOs | Salaried/Self-employed | Salaried/Self-employed | Salaried/Self-employed | Salaried/Self-employed | Salaried/Self-employed | Salaried/Self-employed | Pensioners under DBPS | Salaried/Self-employed |
Details
Home Loan
- Maximum Loan Amount: ₹5 crore
- Interest Rate: 8.70% p.a. onwards
- Tenure: Up to 30 years
- Eligible Applicants: Salaried/Self-employed
Loan Against Property
- Maximum Loan Amount: ₹5 crore
- Interest Rate: 8.75% p.a. onwards
- Tenure: Up to 15 years
- Eligible Applicants: Salaried/Self-employed
Home Loan Balance Transfer
- Maximum Loan Amount: ₹5 crore
- Interest Rate: 8.75% p.a. onwards
- Tenure: Up to 20 years
- Eligible Applicants: Salaried/Self-employed
How to Apply?
You can apply in two ways:
- Through the official ICICI Ltd. portal by filling out the application form and tracking the application status online.
- Also by visiting an ICICI Bank branch in person for personalized assistance.
ICICI Bank also makes the loan application process straightforward and accessible to help you achieve your homeownership goals.
Do not want to get into this hassle? Get ICICI Bank’s best rates in a single call.
How to Track ICICI Home Loan Application Status?
Tracking your ICICI home loan application status is straightforward and helps you stay updated on your loan approval process.
- Visit ICICI Bank’s ‘Track My Loan‘ Page.
- Click on ‘Products’, select ‘Home Loan’, and click on ‘TrackmyLoan’
- Enter your registered mobile number, date of birth and PAN number.
- Verify your OTP and click on ‘Login’. Now, you can see your home loan’s application status.
How to Download ICICI Home Loan Statement?
Downloading your ICICI home loan statement is quick and easy, allowing you to access your loan details and track your payments online.
- Register for Internet Banking
- Go to the ICICI Bank homepage.
- Click on the ‘Login’ button.
- Enter your credentials to access your account.
- After logging in, follow these steps to find your home loan statement
- Click on ‘Accounts & Deposits’.
- Select ‘Loans’ from the dropdown menu.
- Choose your home loan account.
- Click on ‘View Statement’.
- Select the period for which you need the statement.
- Click on ‘Download’ to save the statement to your device.
ICICI Customer Care
To facilitate effective communication with customers, in addition, ICICI offers various channels for customer support.
| Contact Method | Details |
|---|---|
| Email ID | customer.care@icicihfc.com |
| Toll-Free Number | 1800 267 4455 |
| Text Message | SMS “HOME” to 5676766 |
| Official Address | ICICI Home Finance Company LimitedICICI Bank Towers,Bandra – Kurla Complex,Mumbai 400 051, IndiaTel.: (+91- 22) 26531414 |
| Website | https://www.icicihfc.com/ |
Comparison
You can also compare the home loan rates of different banks here. For detailed comparison between top banks you can visit our compare banks page.
| Bank | Up to Rs. 30 Lakh | Above Rs. 30 Lakh to Rs. 75 Lakh | Above Rs. 75 Lakh |
|---|---|---|---|
| SBI Bank | 8.5% p.a. onwards | 8.5% p.a. onwards | 8.5% p.a. onwards |
| HDFC Bank | 8.7% p.a. onwards | 8.7% p.a. onwards | 8.7% p.a. onwards |
| LIC Bank | 8.50% – 10.35% p.a. | 8.50% – 10.55% p.a. | 8.50% – 10.75% p.a. |
| ICICI Bank | 8.85% p.a. onwards | 8.85% p.a. onwards | 8.85% p.a. onwards |
| Kotak Mahindra Bank | 8.70% p.a. onwards | 8.70% p.a. onwards | 8.70% p.a. onwards |
| Punjab National Bank | 8.40% – 12.10% p.a. | 8.40% – 12.10% p.a. | 8.40% – 12.10% p.a. |
| Bank Of Baroda | 8.40% – 10.65% p.a. | 8.40% – 10.65% p.a. | 8.40% – 10.90% p.a. |
| Bajaj Housing Finance | 8.50% p.a. onwards | 8.50% p.a. onwards | 8.50% p.a. onwards |
| Axis Bank | 8.75%-13.30% p.a. | 8.75%-13.30% p.a. | 8.75%-9.65% p.a. |
| Bank of India | 8.4% p.a onwards | 8.4% p.a onwards | 8.4% p.a onwards |
| TATA Capital | 8.75% p.a. onwards | 8.75% p.a. onwards | 8.75% p.a. onwards |
The maximum tenure for the ICICI home loan is 20-30 years (but the tenure of the loan can also change based on the scheme.)
ICICI offers both fixed and floating interest rate options for home loans. With a fixed rate, the interest remains constant throughout the loan tenure, while with a floating rate, it fluctuates with the market condition.
ICICI determines the interest rate based on factors like the loan amount, loan tenure and CIBIL Score. It also depends on type of interest rate (fixed or floating) chosen by the borrower.
You can calculate the EMI for ICICI Home Loan using any online EMI Calculator. You can also calculate with Credit Dharma’s EMI calculator.