7.4% – 9.5% p.a.Loan Interest Rate
Up to 90%Loan Amount of Property value
0.25% of loan amt. + GSTProcessing Fees
NILPrepayment / Foreclosure Charges
ICICI Bank Home Loans
ICICI Bank Home Loan Application Process
It is very easy to apply for ICICI Bank Home Loan point of service. Here’s a step-by-step guide:
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You can either apply online by visiting the ICICI Bank website or apply physically by visiting the nearest branch.
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Attach the formal documents such as the ID proof, address proof, income earning proof, and the documents of the property.
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When receiving a loan from the bank, they measure your income, age, and credit score.
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On approval of the loan, the bank offers the loan terms, which specify the loan amount, interest rate, and the period to repay the loan.
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It provides legal and technical examination of the property through the bank.
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Once all verifications are complete the required loan amount is then disbursed to the seller or builder's account.
ICICI Bank Home Loan Highlights
The table below presents the key highlights of ICICI Bank Home Loan for 2026.
| Feature | Details |
|---|---|
| Interest Rate | p.a. onwards (up to p.a. based on CIBIL and profile) |
| Processing Fee | 0.50% of loan amount + GST (Minimum ₹2,500, Maximum ₹10,000) |
| Loan Amount | Up to ₹10 Crore based on eligibility and property value |
| Repayment Tenure | Up to 30 years for salaried and self-employed applicants |
| Applicant Age | Minimum 21 years to 65 years at loan maturity |
| Approval & Disbursal Time | Typically 7 to 15 working days subject to complete documentation |
| Prepayment Charges | Nil for floating rate loans; 2% to 4% for fixed rate loans |
| Eligibility (Salaried) | Minimum net monthly income ₹25,000; 2 years continuous employment |
| Eligibility (Self-Employed) | Stable business income for minimum 3 years; age 21-65 years |
| Balance Transfer Facility | Available at competitive rates with minimal documentation |
| Top-Up Loan Facility | Available for existing customers based on repayment history |
| Pradhan Mantri Awas Yojana (PMAY) | Interest subsidy available for eligible EWS and LIG applicants |
| NRI Home Loans | Available for Non-Resident Indians with tailored documentation |
Interest Rates for ICICI Bank Home Loan
ICICI Bank currently offers home loan interest rates starting from 8.75% per annum, applicable for loan amounts up to ₹5 crore and tenures extending up to 30 years. This rate is available primarily to pre-approved customers, with variations based on individual credit profiles and CIBIL scores.
Interest Rate Slabs Based on Loan Amount
ICICI Bank employs a slab-based interest rate structure, which is influenced by the loan amount and applicant's credit score:
|
Loan Amount |
Interest Rate (Floating) |
|
Up to ₹35 lakh |
9.25% - 9.65% |
|
₹35 lakh to ₹75 lakh |
9.50% - 9.80% |
|
Above ₹75 lakh |
9.60% - 9.90% |
Comparative Features of ICICI Bank Home Loan vs Competitors
|
Feature |
ICICI Bank |
HDFC Bank |
SBI Home Loan |
Axis Bank Home Loan |
|
Interest Rate (p.a.) |
8.50% - 9.50% |
8.40% - 9.50% |
8.35% - 9.45% |
8.55% - 9.60% |
|
Loan Tenure |
Up to 30 years |
Up to 30 years |
Up to 30 years |
Up to 30 years |
|
Processing Fee |
0.50% (max ₹5000) |
0.50% (max ₹5000) |
0.35% (max ₹10,000) |
0.50% (max ₹10,000) |
|
Balance Transfer |
Yes |
Yes |
Yes |
Yes |
|
Prepayment Charges |
No (for floating rate) |
No (for floating rate) |
No (for floating rate) |
No (for floating rate) |
|
Top-Up Loan |
Yes |
Yes |
Yes |
Yes |
|
Digital Process |
Fully Digital |
Partially Digital |
Fully Digital |
Fully Digital |
Note: The interest rate discovered may indeed depend on credit score, income of borrowers, and the loan term. It is recommended that to get the most accurate one the concerned person should contact the bank itself.
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ICICI Home Loan EMI Calculator
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