ICICI Bank Home Loan

ICICI Bank offers a range of home loan products tailored to meet various needs, making the dream of owning a home a reality for many. Whether you are a salaried individual, self-employed, an NRI, or an HNI, ICICI Bank has a home loan scheme for you. Below, you’ll find comprehensive information about ICICI Bank’s home loan offerings..

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.

Additional Eligibility Criteria:

• Also co-applicants should be aged 21 to 65 years.
• Moreover NRI applicants should be aged 25 to 60 years.

---

ICICI Home Loan Interest Rates

All rates are based on the ICICI Bank MCLR. Current applicable MCLR range is 8.6% to 9.1%.

Employment	Interest Rate Range
Salaried Individuals	8.95% – 9.70%
Self-employed Individuals	9.05% – 9.85%

ICICI Home Loan Processing Fee and Charges

Fee Type	Charges
Processing Fees	0.50% to 2% of loan amount
ECS Dishonor Charge	₹500 + GST per instance
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 Schemes and Top Plans

ICICI Bank offers several home loan schemes to cater to diverse needs:

1. ICICI Housing Loan: For purchasing or constructing residential properties with a repayment tenure of up to 20 years.
2. Express Home Loans: ICICI also offers a quick and digital way to secure home loans with a provisional sanction letter valid for six months.
3. Instant Pre-Approved Home Loan: Moreover they also provide Pre-approved home loans for ICICI Bank salary account holders.
4. Extra Home Loan: Extends the repayment period up to the age of 67 to increase the loan amount by 20% with a Mortgage Guarantee.
5. Balance Transfer and Top-Up Scheme: They also transfer existing home loans from other lenders to ICICI Bank at lower rates and avail of top-up loans.
6. Pre-Approved Balance Transfer Scheme: Exclusive for existing ICICI Bank customers to transfer existing home loans at a reduced interest rate.
7. Pratham Home Loan: Affordable housing loans for salaried applicants earning a minimum of Rs 10,000 per month and self-employed applicants with at least five years of business history.
8. NRI Home Loan: Designed for Non-Resident Indians to buy or construct properties in India.
9. ICICI Bank Land Loan: They also provide for purchasing land or plots.
10. Insta Top-Up Loan: Moreover they also provide Pre-approved top-up loans for various personal and corporate needs.
11. ICICI Bank PMAY: Interest subsidy of up to Rs 2.67 lakh available under the Pradhan Mantri Awas Yojana for eligible groups.

How to Apply?

You can apply in two ways:

1. Through the official ICICI Ltd. portal by filling out the application form and tracking the application status online.
2. 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.

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