ICICI bank offers home loans at affordable interest rates to both salaried and self-employed individuals. On fulfilling some basic eligibility criteria, you can get a good loan amount for a longer repayment tenure. You can use this money for purposes such as home construction or purchase. Also, you can immensely benefit from a variety of plans that they have launched.
Avail ICICI Home Loan of up to Rs.5 Cr from Bajaj Markets with 90% of the property value as a loan amount. Interest rate starts at 8.75% p.a. with a maximum repayment tenure of 30 years.
Interest Rate |
8.75% p.a. Onwards (salaried applicants) to 8.75% p.a. Onwards (self-employed applicants) |
Maximum loan amount |
Up to ₹5 Cr |
Processing fees |
₹3000 + GST + (Higher of ₹5,000 + GST or 0.25% of the loan amount + GST) |
Max repayment Tenure |
Up to 30 years |
Types available |
Fixed and floating interest rate |
Penalty Interest Rate |
Up to 2% per month |
Particulars |
Interest Rate |
Salaried Applicants |
8.75% p.a.onwards |
Self-Employed Applicants |
8.75% p.a. onwards |
Also Check, Current Interest Rate for Home Loan 2023
The following table highlights the comparison between ICICI Home Loan Interest Rates vs Other Lenders:
Name of Lender |
Up to Rs 30 Lakhs |
Above Rs 30 Lakhs & up to Rs 75 Lakhs |
Above Rs 75 Lakhs |
ICICI Bank |
8.40% p.a.onwards |
8.40% p.a.onwards |
8.40% p.a.onwards |
HDFC |
8.20% p.a.onwards |
8.20% p.a.onwards |
8.20% p.a.onwards |
State Bank of India |
8.40% p.a.onwards |
8.40% p.a.onwards |
8.40% p.a.onwards |
PNB Housing Finance |
8.75% p.a.onwards |
8.75% p.a.onwards |
8.85% p.a.onwards |
Kotak Mahindra Bank |
8.30% p.a.onwards |
8.30% p.a.onwards |
8.30% p.a.onwards |
Punjab National Bank |
8.60% p.a.onwards |
8.55% p.a.onwards |
8.55% p.a.onwards |
Union Bank of India |
8.25% p.a.onwards |
8.25% p.a.onwards |
8.25% p.a.onwards |
Bank of Baroda |
8.25% p.a.onwards |
8.25% p.a.onwards |
8.25% p.a.onwards |
IDFC First Bank |
8.45% p.a.onwards |
8.45% p.a.onwards |
8.45% p.a.onwards |
Bajaj Housing Finance |
8.30% p.a.onwards |
8.30% p.a.onwards |
8.30% p.a.onwards |
L&T Housing Finance |
8.40% p.a.onwards |
8.40% p.a.onwards |
8.40% p.a.onwards |
Godrej Housing Finance |
8.39% p.a.onwards |
8.39% p.a.onwards |
8.39% p.a.onwards |
LIC Housing Finance |
8.30% p.a.onwards |
8.30% p.a.onwards |
8.30% p.a.onwards |
Tata Capital |
8.60% p.a.onwards |
8.60% p.a.onwards |
8.60% p.a.onwards |
Federal Bank |
8.37% p.a.onwards |
8.37% p.a.onwards |
8.37% p.a.onwards |
Note: The interest rate varies depending on bank’s policy
Year | Principal | Interest | Balance |
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Given below is the comprehensive list of ICICI Home Loan Eligibility Criteria:
Calculate your Home Loan Eligibility Criteria and also check out factors determining on improving eligibility criteria.
The common documents required are as follows:
Identity Proof: PAN/Voter ID/Aadhaar Card
Address proof: Aadhaar Card/Passport/Driving License
Bank statements of last 6 months
Salary slips of last 3 months (for salaried applicants)
Certificate & Proof of business existence (for self-employed applicants)
Form 16 / Income Tax Returns
High-value Loan: You can avail a Home Loan as high as ₹5 Cr to finance your home purchase.
Flexible Repayment Tenure: Enjoy flexibility in repayment tenure that ranges between 12-360 months and 12-240 months for salaried and self-employed applicants respectively.
Low Interest Rates: You can avail Home Loan at attractive ICICI Home Loan interest rates ranging from 8.40% to 10.75%.
Balance Transfer Options: You can also transfer your Home Loan balance through the facility of balance transfer at a low rate of interest.
Regular home loan: This is your regular home loan that borrowers avail to purchase a newly constructed property or a resale flats. You can avail funding of up to ₹5 Cr through it and repay it over the course of 30 years.
Express home loan: If you want to avail the funding for the home of your dreams quickly, you can go for an express home loan. You can avail an ICICI Express Home Loan in five simple steps once you submit all of the required home loan documents online. At the end of the process, you will receive a provisional sanction letter that you can use to avail the home loan.
Land loans: If you want to purchase a plot of land on your own and build a house on it later, you can get a Plot loan. You will be charged the same interest rate on the land loan as you would be in the case of a regular home loan.
Extra Home Loans: Extraa Home Loans is a form of balance-top up facility that will allow you to avail an additional 20% over and above your original sanctioned regular loan amount. In addition to the same, once you avail this facility, you can repay the total amount until 67 years of age.
NRI Home Loan: As the name suggests, this home loan is for you if you are a Non Resident Indian (NRI). Some of the facilities you can avail if you apply for an NRI home loan is doorstep service until the disbursal of your loan, the option of getting to choose from properties that have been approved for funding and the facility of choosing between fixed and floating rate system.
Instant Home Loans (Pre-approved): If you have a salary account in ICICI bank, you can get a home loan up to Rs. 3 Crores. Additionally, you have the flexibility to select a loan tenure of up to 30 years to repay it in easy instalments.
Pre-Approved (Instant) Balance Transfer: ICICI bank provides this offer to their pre-existing customers. They can get up to Rs. 1 Crore on transferring their existing loan at some other banks to ICICI bank. Furthermore, they can get an additional duration to repay the same.
Balance Transfer and Top-up: Under this facility, while in the balance transfer process, you can opt for an additional top-up in the loan amount in case you require extra funds. Thus, you can keep from applying for new credit. Subsequently, you can also get extra time to repay your loan in easy instalments.
Pratham Home Loans: Salaried individuals with a minimum monthly income of Rs. 10,000 can opt for a credit under this scheme. In addition to this, self-employed individuals with a business vintage of 5 years can also opt for this loan. The amount under this scheme usually ranges between Rs. 5 Lakhs and Rs. 50 Lakhs, and the tenure ranges up to 20 years.
Fast Online Process: Now get an online home loan with easy approval and disbursal process.
Minimal Documentation: Get the best home loan offers hassle-free, without any tedious paperwork.
Transparency Guaranteed: No hidden charges, no dubious policies, just 100% transparency.
Custom-made Loans: Finance your dream home with easy home loans designed to meet your specific requirements.
Trusted Companion: Customers across the country have sought financial enablement from us. Give us a chance and we won’t let you down.
One can reach out to ICICI Bank regarding home loan queries or grievances through the customer care numbers that have been mentioned below:
Yes, you can apply for an ICICI Home Loan online by visiting the ICICI website.
The processing fees for ICICI Home Loans are 0.50% - 1% of the loan amount or Rs.1,500, whichever is higher + taxes and surcharge.
Yes, ICICI gives pre-approved Home Loans.
You can check the status of your ICICI Home Loan application using ‘Trackmyloan’ by entering your loan application and mobile number. This can be done using your desktop or mobile.
Yes, ICICI checks CIBIL for a Home Loan, but it is not mandatory.
The maximum loan tenure you can opt for under ICICI House Loan is 30 years.
Yes, you can transfer your House Loan from another bank to ICICI.
Yes, you can apply for an ICICI joint Home Loan with your spouse.
Women borrowers can get a home loan with an interest rate ranging between 8.35% and 8.80%. The fixed interest rate varies between 8.70% and 8.90%, floating interest rate varies between 8.65% and 8.80%, and full tenure interest rate varies between 9.70% and 10.05%.
Yes, ICICI bank can provide up to 90% home loan when you opt for a top-up during a balance transfer.