When applying for a home loan, knowing the ICICI Bank home loan processing fee is important. This fee covers the cost of evaluating your application and varies based on the loan amount. Checking the latest charges helps you plan better before applying.
ICICI Bank Home Loan Processing Fee
ICICI Bank charges a one-time, non-refundable processing fee to cover administrative costs related to loan application review. The fee depends on the loan amount and is payable at the time of application submission.
| Description | Fee |
|---|---|
| Processing Fee Range | Up to 2% of the loan amount |
| GST Applicable | As per government regulations |
Check Out: Home loan eligibility checklist for ICICI
ICICI Bank Home Loan Additional Fees and Charges
When you take a home loan from ICICI Bank, you may need to pay additional charges beyond the processing fee. Below is the accurate breakdown:
| Charge Type | Description |
|---|---|
| Late Payment Charges | 5% per annum on the overdue amount from the due date until payment. |
| Administrative & Legal Fees | 0.25% of the facility amount or ₹5,000, whichever is lower, for legal verification and documentation. |
| CERSAI Fees | ₹100 non-refundable charge for security registration. |
| Stamp Duty and Registration | Stamp duty and charges apply based on state laws. |
| Prepayment Charges | 2% on fixed-rate home loans if repaid early. No charges for floating-rate loans. |
| Conversion Charges | ₹3,000 for floating to fixed conversion, 2% for fixed to floating. |
| Document Retrieval Charges | ₹500 for retrieving loan or property documents. |
Check Out: ICICI Home Loan Interest Rate Calculator
ICICI Bank Home Loan Prepayment and Part-Payment Charges
ICICI Bank offers flexible prepayment options for home loans, but it’s important to understand the associated charges if you have a fixed-rate loan. Here’s a focused look at prepayment charges for home loans:
| Loan Type | Prepayment Charge |
|---|---|
| Fixed-Rate Home Loans | 2% on the prepaid amount if payments were made in the last year |
| Adjustable-Rate Home Loans | No prepayment charges regardless of loan use |
Also Read: ICICI Bank Home Loan Prepayment Charges
Factors Influencing ICICI Bank Home Loan Processing Fees
When you apply for a home loan with ICICI Bank, the processing fees you encounter are shaped by several factors. Here’s a simple breakdown to help you understand what influences these costs:
- Loan Amount: The bigger the loan amount, the higher the processing fees might be, as larger loans require more extensive checks and management.
- Loan Type: Different types of loans (such as home loans, top-up loans, or loan against property) may have different processing fees due to the varied risk and administrative efforts involved.
- Applicant’s Credit Profile: The better your credit score and financial history, the more favorable terms you might receive. A strong credit profile could potentially lower processing fees.
- Property Details: The type of property and its location can influence the fee. Properties that require more comprehensive documentation or legal checks might attract higher fees.
- Bank Policies: ICICI Bank’s internal policies also dictate the processing fees. These policies may vary depending on the bank’s strategic focus and market conditions at the time of your loan application.
Check Out: ICICI Home Loan Interest Rates in 2025
Calculating ICICI Bank Home Loan Processing Fees
Calculating the processing fees for an ICICI Bank home loan is straightforward with this formula:
Processing Fee = Loan Amount x Processing Fee Percentage
Here’s a step-by-step guide to using the formula:
- Determine the Loan Amount: This is the total amount you plan to borrow from ICICI Bank.
- Find the Processing Fee Percentage: ICICI Bank charges a processing fee that typically ranges from 0.50% to 2.00% of the loan amount.
- Apply the Formula: Multiply the loan amount by the processing fee percentage to get your processing fee. For example, if the loan amount is ₹10,00,000 and the fee percentage is 1.00%, the processing fee would be calculated as ₹10,00,000 x 1.00% = ₹10,000.
- Check for Caps: Remember that ICICI Bank may have a minimum fee (often around ₹3,000) and a maximum fee limit (up to ₹5,000). Ensure your calculated fee falls within these limits. If the calculated fee is below the minimum, you pay the minimum fee. If it’s above the maximum, you pay the maximum fee.
Also Read: ICICI Bank Home Loan EMI Calculator
Home Loan Processing Fees from Top Banks in India
Here’s a quick overview of the home loan processing fees charged by some of India’s leading banks as of 2025:
| Bank | Processing Fee |
|---|---|
| State Bank of India (SBI) | 0.35% of the loan amount plus applicable GST, with a minimum of ₹2,000 and a maximum of ₹10,000. |
| HDFC Bank | Up to 0.50% of the loan amount or ₹3,000, whichever is higher, plus applicable taxes. |
| ICICI Bank | 0.50% of the loan amount plus applicable taxes. |
| Axis Bank | Up to 1% of the loan amount or ₹10,000 (whichever is higher), plus applicable GST. |
| Kotak Mahindra Bank | 0.5% to 1.00% of the loan amount. |
| Bajaj Housing Finance | Up to 4% of the loan amount plus GST as applicable. |
Also Read: Calculate your net tax savings with a home loan
Conclusion
Understanding the ICICI Bank home loan processing fee helps borrowers plan their expenses better. These charges vary based on the loan amount, type, and bank policies. Checking the latest fees directly with the bank ensures accurate information before applying.
Frequently Asked Questions
Yes, ICICI Bank charges a processing fee of up to 2% of the loan amount. This one-time, non-refundable fee covers the cost of evaluating the loan application, regardless of whether the loan is approved or not.
ICICI Bank offers fixed home loan interest rates based on tenure. Rates range from 8.90% to 9.15% for 37 months and 11.00% to 12.05% for 60 or 120 months. Full-term fixed rates are 11.15% to 11.45%.
The borrower pays the loan processing fee. Lenders charge this one-time fee to cover the cost of reviewing and approving the loan application. It is part of the total expense of securing a loan.
Yes, ICICI Bank offers home loans with competitive rates, quick approvals, and flexible repayment options. You can get loans up to ₹5 crore with tenures of up to 30 years. Many borrowers receive approval within a month.
Yes, ICICI Bank holds a CRISIL AAA/Stable rating, showing strong financial stability. It has a solid market position, good capital levels, and a strong resource base. However, asset quality remains an important factor to watch.
ICICI Bank is recognised as one of the best workplaces in India across industries. It has also been ranked as the top employer in the BFSI sector multiple times, highlighting its strong work culture and employee-friendly policies.
ICICI Bank has higher interest income and net interest margin due to strong loan growth. Axis Bank’s net interest income has improved with better asset quality and wider interest spreads. Both banks offer competitive services based on different financial strengths.
ICICI Bank faces risks like credit, market, liquidity, operational, and compliance risks. It also manages legal, technological, and reputation risks. Additionally, the bank considers environmental, social, and governance risks while ensuring financial stability.
HDFC Home Loan
SBI Home Loan
