Are you a young salaried professional dreaming of owning a home but concerned about limited loan eligibility or high monthly EMIs? ICICI Bank Step Up Home Loan is designed just for you! With this unique offering, you can enjoy a higher loan amount than what is typically available under standard home loan schemes.
What’s more, the repayment structure is tailored to your career journey – with moderate EMIs during the initial years and gradual increases as your income grows. This flexibility ensures that your homeownership dreams are achievable without financial strain.
ICICI Bank Step Up Home Loan Highlights
Here’s a quick overview of the key features—interest rates, loan amounts, and fees—so you can decide if the home loan is the right choice for you.
| Category | Highlights |
|---|---|
| Interest Rates | 9.25% p.a. onwards |
| Maximum Loan Amount | Up to ₹3 Crore |
| Maximum Tenure | 20 Years |
| Processing Fees | Up to 2% of the loan amount |
Suggested Read: ICICI Bank Home Loan Interest Rates 2025
ICICI Bank Step Up Home Loan Interest Rates
Check out the interest rates for home loan in 2025 to get an idea of your potential EMI and costs.
| Loan Amount | Salaried Customers | Self-Employed Customers |
|---|---|---|
| Up to ₹35 lakhs | 9.25% – 9.65% | 9.40% – 9.80% |
| ₹35 lakhs to ₹75 lakhs | 9.50% – 9.80% | 9.65% – 9.95% |
| Above ₹75 lakhs | 9.60% – 9.90% | 9.75% – 10.05% |
Suggested Read: ICICI Bank Home Loan Customer Care
ICICI Bank Step Up Home Loan Eligibility Criteria
Find out the basic eligibility requirements, such as age, income, and existing home loan status, before applying for a home loan.
| Criterion | Details |
|---|---|
| Profession | Salaried Individuals |
| Income | Minimum monthly salary of ₹25,000 |
| Age | 21 years – 70 years |
| Nationality | Indian citizen |
Suggested Read: ICICI Bank Home Loan Balance Transfer
ICICI Bank Step Up Home Loan Processing Fees
Understand the processing fees involved so you can factor them into your overall cost when opting for a home loan.
| Product | Processing Fees |
|---|---|
| Step Up Home Loan | 2% of the loan |
Suggested Read: ICICI Bank Loan Against Property
ICICI Bank Step Up Home Loan Other Fees and Charges
Be aware of any extra charges, such as prepayment penalties or overdue fees, that may apply to your home loan.
| Charge Type | Details |
|---|---|
| Loan Processing Charges | Up to 2% of loan amount (non-refundable) |
| Administrative Charges | 0.25% of loan amount or ₹5,000 (whichever is lower, non-refundable) |
| Commitment Charges (Overdraft) | 0.5% on shortfall if <30% utilization (quarterly avg.) – Not for salaried customers |
| Part Prepayment Fees | Nil |
| Prepayment Charges (Fixed Rate) | 2% on home loans, 4% on non-home loans (exceptions: PSL, small/micro, loans ≤ ₹50L) |
| Prepayment Charges (Floating Rate) | Nil for home loans, 2%-4% for others (based on purpose/borrower type) |
| Conversion Charges | ₹3,000 for floating-to-fixed 2% for fixed-to-floating 0.5% for overdraft |
| Cheque/ECS Dishonor Charges | ₹500 per instance |
| Cheque/Repayment Swap Charges | ₹500 |
| Penal Charges (Delay/Default) | 5% p.a. on overdue sum + taxes |
| Amortisation Schedule | ₹200 (physical copy) |
| Statement of Account | ₹200 (physical copy) |
| Prepayment Statement | ₹200 (physical copy) |
| Duplicate NOC/No Dues | ₹250 |
| Revalidation of NOC | ₹250 |
| Non-submission of Documents | ₹5,000 per month (from due date till submission) |
| Non-collection of Property Docs (post 60 days) | ₹1,000 per month |
| Construction Delay (Land Loan) | 1% p.a. on principal or ₹50,000 (whichever is lower) after 4 years from 1st disbursal |
| Overdraft Renewal Fees | ₹5,000 (not applicable for Money Saver & Insta OD) |
| Loan/Property Document Retrieval | ₹500 |
| Cash EMI Payment at Branch | ₹100 |
| Information Utility (Corporate Cases) | ₹300 |
| CERSAI Charges | ₹50 (loan ≤₹5L) ₹100 (loan >₹5L) |
| Auction, Legal, SARFAESI, Enforcement, Ads, Professional, Repossession, Security | At actuals |
| Non-maintenance of Payment Mode | ₹800 |
Suggested Read: ICICI Bank Home Loan Prepayment Calculator
ICICI Bank Step Up Home Loan Documents Required
Ensure you have all the necessary documents ready, from identity proof to income statements, to make the home loan application process smooth.
Identity Proof
| Criterion | Details |
|---|---|
| Identity & Address Proof | Aadhaar/Passport/Driving License/Voter ID/NREGA Card/Letter from NPR containing name & address |
| Date of Birth Proof | Passport/Driving License/Voter ID/NREGA Card/Letter from NPR containing name & address |
Income Proof
| Category | Documents Required |
|---|---|
| Salaried Individuals | Latest Form 16 Latest 1-month Salary Slip Last 6 months’ Bank Statements |
| Self-Employed Individuals | Last 6 months’ Bank Statements (all operative accounts) Last 2 years CA Certified/Audited ITRs with Computation of Income P&L Statement Balance Sheet GST Returns for the last 1 year |
For Non-Individuals (Entities)
| Criterion | Details |
|---|---|
| Identity Proof (Any 2) | Registration Certificate (incl. Udyam), Shop & Establishment License, Sales/Income Tax Returns, CST/VAT/GST Certificate, Importer Exporter Code (IEC), License/Practice Certificate from professional body, Complete ITR (authenticated), Utility Bills (Electricity, Water, Landline) |
| Address Proof (Any 1) | GST Certificate, Business Registration Certificate, Gumasta License, Udhyam Registration, Bank Statement (not entity proof), Utility Bill, ITR, Rent Agreement + Utility Bill (within 2 months) |
| Note | If registered & permanent addresses differ, proof required for both. |
Additional Documents Based on Entity Type
| Entity Type | Documents Required |
|---|---|
| Partnership Firm | Partnership Deed |
| LLP (Limited Liability Partnership) | LLP Agreement, Certificate of Incorporation, CA/CS-certified Designated Partners List, Profit Sharing Ratio |
| Public/Private Ltd. Co. | Certificate of Incorporation, MOA & AOA, CA/CS-certified list of Directors & Shareholders with Name, DOB, Nationality, Address |
| Trust | Trust Deed with Registration Certificate, List of all Beneficiaries, Trustees, Settlors, Protectors, Authors (with Name & DOB) |
| Society | By-laws/Memorandum + Registration Certificate, List of Members (Name, Address, DOB) |
| HUF | List of Adult Coparceners (attested by Karta) |
| Others | Authorised Signatory KYC & Relationship Details (Private/Public Ltd., LLP, Partnership, Trust, Society), List of Directors & Senior Management (Private/Public Ltd.), LEI Certificate (₹5 crore+ exposure) |
Suggested Read: ICICI Bank Home Loan Moratorium
How to Apply for ICICI Bank Step Up Home Loan?
The application process is easy—simply fill in your details, upload the required documents, and get started on your loan.
- Visit the official ICICI Bank website.
- From the top dashboard, click on Personal. Select Loans > Home Loan.
- Scroll down and click Apply Now under Step Up Home Loan.
- Enter the required loan amount and accept the Terms and Conditions.
- Enter your mobile number, PAN, and date of birth.
- Enter your Aadhaar Card details. Complete the OTP verification by entering the OTP sent to your registered mobile number.
- Enter your official name as per records. Provide your employment details, including:
Type of work (Salaried/Self-employed)
Organization name
Official email ID - Enter your place of birth, purpose of the loan, religion, and category (General/SC/ST/OBC/Other).
- Complete the eNACH process and verify with OTP.
- A video KYC will be scheduled as part of the verification process.
- Once all the steps are completed, the provisionally approved loan amount will be displayed on the screen.
Suggested Read: ICICI Bank Home Loan Statement Download
Compare Top Banks Home Loan Interest Rates
Explore home loan offers from different banks to find the best deal that fits your needs.
| Bank | Up to Rs. 30 Lakh | Above Rs. 30 Lakh to Rs. 75 Lakh | Above Rs. 75 Lakh |
|---|---|---|---|
| SBI Bank | 8.50% p.a. onwards | 8.5% p.a. onwards | 8.50% p.a. onwards |
| HDFC Bank | 8.75% p.a. onwards | 8.75% p.a. onwards | 8.75% 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 | 8.75% p.a. onwards | 8.75% p.a. onwards | 8.75% p.a. onwards |
| Kotak Mahindra Bank | 8.75% p.a. onwards | 8.75% p.a. onwards | 8.75% p.a. onwards |
| Punjab National Bank | 8.50% – 11.05% p.a. | 8.50% – 11.05% p.a. | 8.50% – 11.05% 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%-10.30% p.a. | 8.75%-10.30% p.a. | 8.75%-10.30% p.a. |
| Bank of India | 8.40% p.a onwards | 8.40% p.a onwards | 8.40% p.a onwards |
| TATA Capital | 8.75% p.a. onwards | 8.75% p.a. onwards | 8.75% p.a. onwards |
Conclusion
Credit Dharma is your trusted partner for securing the best Home Loan offers, with over ₹500 Cr+ loans handled and partnerships with 20+ leading banks. We provide exclusive access to the lowest interest rates and a seamless, digital process with fast approvals in just 1-2 weeks, backed by lifetime support from our home loan experts.
Why choose Credit Dharma? We provide:
- Lowest Interest Rates: Save more with every EMI.
- Maximum Funding: Get up to 100% funding for your dream home.
- Simple & Digital Process: No tedious paperwork or branch visits.
- Expert Guidance: Lifetime support from our team of specialists.
Frequently Asked Questions
In a regular home loan, your EMI stays the same throughout the tenure. But with a Step-Up Loan, you pay lower EMIs in the beginning (making it easier on your pocket), and your EMIs increase gradually later. It’s a smart way to manage cash flow, especially if you’re just starting your career.
Yes, that’s a good point. Since you pay lower EMIs in the early years, the interest accumulates a bit more compared to a standard loan. So, while your initial payments are lighter, the total interest over the loan tenure could be slightly higher.
That’s an important concern. If your income doesn’t increase as expected, you may find it harder to manage the higher EMIs in later years. It’s essential to plan realistically, keeping your career path, potential salary growth, and financial stability in mind.
Absolutely! Just like with regular home loans, you can prepay or foreclose a Step-Up Loan anytime (usually after a minimum lock-in period, if any). This can help you save on overall interest costs.
That depends on your situation!
a. If you’re young, confident about steady career growth, and want to buy a better home today, a Step-Up Loan could be a smart option.
b. If you prefer stable EMIs and predictability, a regular home loan might suit you better.
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