✓ Home Loan Balance Transfer Facility ✓ Multiple Lending Partners ✓ Interest Rates Starting @ 8.50% Apply Now

ICICI Bank home loan balance transfer facility allows you to transfer your outstanding dues and get better terms.


You can avail of this facility on Bajaj Markets, and get competitive ICICI Home Loan Balance Transfer interest rates. What’s more, thanks to digitisation, the process can be handled digitally and without any delays.


Read on to learn more about the ICICI home loan balance transfer, charges applicable, and other important facts. 

Compare ICICI Home Loan Balance Transfer Interest rates

Bajaj Markets allows you to apply for the ICICI bank home loan balance transfer Facility, along with offerings from other partners too. The following table presents the interest rates offered by ICICI Bank and other lenders offering this provision on Bajaj Markets. 


Minimum Interest Rate

Bajaj Housing Finance Limited

8.95%  p.a.

Kotak Mahindra Bank

9.00% p.a.

LIC Housing Finance

8.65% p.a.

PNB Housing Finance Limited

8.50% p.a.

Shriram Housing Finance

11.50% p.a.

Shubham Housing Finance

10.90% p.a.

Union Bank of India

8.50% p.a.

Disclaimer: Above-mentioned interest rates are subject to change at the lender’s discretion. 

ICICI Home Loan Balance Transfer Interest Rates and Charges 2023

When it comes to transferring your home loan balance to ICICI Bank, it is essential to have a clear understanding of the ICICI Home Loan Balance Transfer charges and interest rates involved. 


Here's a breakdown of what you can expect:

Interest Rate

  • 8.75% p.a. onwards for salaried applicants
  • 8.75% p.a. onwards for self-employed applicants

Processing Fees

₹3,000 plus GST 

Administrative Charges

₹5,000 + Applicable Taxes or 0.25% of the loan amount + Applicable Taxes, (whichever is lower)

Prepayment Charges

2% + applicable GST on fixed rate loans

Disclaimer: The above-mentioned charges and rates are subject to change as per the lender’s policies. 

ICICI Bank Home Loan Balance EMI Calculator

To ensure you know what you're getting into before you make the switch, ICICI Bank provides an ICICI Home Loan Balance Transfer EMI Calculator. This tool helps you determine your monthly EMI for a specific loan amount and tenure. 


With the calculator, you can see how much you could save on your EMIs and get a detailed comparison. This way, you can make an informed decision and save money in the long run.


To use the ICICI Home Loan Balance Transfer EMI Calculator, follow these simple steps:

  • Step 1: Enter the amount of your current home loan

  • Step 2: Input the current EMI amount you are paying to your current lender

  • Step 3: Enter the current loan tenure and the desired loan tenure (in months)

  • Step 4: View the results


With this information, you can make an informed decision about whether to transfer your home loan to ICICI Bank and potentially save money on your monthly EMIs.

ICICI Home Loan Balance Transfer Features and Benefits

Nominal Interest Rates

Now, you can transfer your home balance conveniently, as the interest rates charged are quite nominal. It starts from 8.75% p.a. for salaried and self-employed applicants.

Flexible Repayment Tenure

The repayment tenure ranges from 12-360 months, which makes the process of paying EMIs very smooth.

Minimal Documentation

The balance transfer process can be done without a tedious documentation process.

No Hidden Charges

Transfer your Home Loan balance hassle-free, as there are no hidden charges involved.

ICICI Home Loan Balance Transfer Eligibility Criteria

You must fulfil the eligibility criteria to be eligible for ICICI Home Loan Balance Transfer. Here is the list of ICICI Home Loan Balance Transfer Eligibility Criteria:

  • If you are a salaried applicant, your age must be between 23-60 years.

  • If you are a self-employed applicant, your age must be between 23-65 years.

  • The minimum net monthly income of the salaried applicant must be ₹25,000.

  • The minimum Profit After Tax (PAT) of the self-employed applicant must be ₹25,000 per month.

  • Salaried applicants must have a minimum work experience of 1 year.

  • Business vintage of a minimum of 2 years is required for self-employed applicants.

Documents Required for ICICI Home Loan Balance Transfer

When applying for the ICICI Home Loan Balance Transfer, you must submit a few documents. Here is the list of ICICI Bank Home Loan Balance Transfer documents required.

  • Identity Proof: PAN/Voter ID/Aadhaar Card

  • Address proof: Aadhaar Card/Passport/Driving License

  • Bank statements for the last 6 months

  • Salary slips of the last 3 months (for salaried applicants)

  • Certificate & Proof of business existence (for self-employed applicants)

  • Form 16 / Income Tax Returns

How to Apply for ICICI Home Loan Balance Transfer?

Here are the simple steps to apply for ICICI Home Loan Balance Transfer.

  • Fill in your Personal and Income Details

    First, enter your personal and professional details to get instant home loan eligibility.

  • Choose your Lending Partner

    Select ICICI Bank from the list of lending partners.

  • Estimate Borrowing Power

    Find the loan amount you can avail.

  • Mention Requirement & Property Details

    Fill home loan amount as required, along with the details of the property.

  • Unlock Final Details

    Get your loan details along with all the charges and net disbursal amount. A loan expert will then connect with you to process your application further.

Frequently Asked Questions

You can transfer your loan balance through the balance transfer facility offered by lenders on Bajaj Markets.


You can pay your ICICI Home Loan EMI by subscribing to a monthly auto-debit facility from your ICICI savings bank account and also by net banking.


The amortisation schedule for your ICICI Home Loan reflects your outstanding home loan balance after each EMI payment every month, and the schedule can be requested online.


Your ICICI Home Loan eligibility criteria depend on various factors such as your salary, current age, retirement age, property value, and CIBIL score.


By transferring your home loan to ICICI Bank, you can enjoy lower interest rates, reduced EMIs, and save money in the long run. Moreover, you can get a top-up loan and benefit from flexible repayment options. 


Additionally, ICICI Bank offers hassle-free loan transfer processes and quick approvals, making it a convenient option for you.


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