ICICI Bank Home Loan

Here is all you need to know about ICICI Bank Home Loans

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Salaried Employee

Business Owner

✓ Home Loan from ₹2 Lakhs to ₹15 Crores ✓ Interest Rates Starting @ 8.50% Apply Now

You can now get ICICI Bank Home Loans of up to ₹5 Cr on Bajaj Markets. These loans are affordable, with interest rates starting from as low as 9.00% p.a. and tenures ranging up to 30 years. The simple eligibility criteria and convenient application process of these loans, enable you to get the required funds in just a few clicks!

Interest Rates and Charges

Listed below are the interest rates and other associated charges of ICICI Bank Home Loans.

Interest Rate	9.00% p.a. onwards
Processing Fees	₹2,999 (T&C Apply)
Penalty Interest Rate	Up to 2% per month
Prepayment/Foreclosure Charges	Nil for floating interest rates 2% + applicable GST for fixed interest rates 2% for top-up loans if you utilise the amount for business purposes 4% if you repay the entire outstanding principal when you use the amount to buy a property for business purposes
Cheque Bounce Charges	₹500
Transaction Charges (when you pay EMI via cash deposit at any ICICI branch)	₹100
Document Retrieval Charges	₹500

Disclaimer: The above-mentioned rates and charges are subject to change at the lender’s discretion.

Features and Benefits

High Loan Amount

You can get amounts as high as ₹5 Cr with this loan

Flexible Repayment Tenure

Enjoy flexibility in your home loan repayment tenures ranging up to 30 years.

Affordable Interest Rates

You can borrow the required funds at attractive interest rates starting from 9.00% p.a.

Balance Transfer Options

You can transfer your existing home loan balance through this facility at nominal rates

Eligibility Criteria

With simple eligibility parameters, getting a loan becomes a quick and hassle-free process

Minimal Documentation

All you need to do is submit certain essential documents online, which makes the process faster and simpler

Eligibility Criteria and Documents Required

Given below is a comprehensive list of ICICI Bank home loan eligibility criteria:

You must be an Indian citizen
You need to have a stable credit history
You must fall under the age bracket of 21 to 65 years

Additionally, you will be required to fulfil certain conditions, based on your employment type, to be eligible for this loan. These are as follows:

1. Salaried Applicants

Your net monthly income should be at least ₹25,000
You should have a work experience of at least 2 years

2. Self-employed Applicants

Your net Profit After Tax (PAT) per month should be at least ₹30,000
Your business must have a vintage of at least 3 years

While applying for this home loan, you may also be asked to furnish the documents listed below.

1. Common Documents

Identity proof: PAN Card/Voter ID/Aadhaar Card
Address proof: Aadhaar Card/Passport/Driving licence

2. Additional Documents for Salaried Individuals

Bank statements for the last six months
Salary slips for the previous three months

3. Additional Documents for Self-employed Individuals

Certificate and proof of business existence
Income Tax Returns

Disclaimer: The information mentioned above is subject to change as per the lender’s terms and policies

How to Apply

To apply for this loan online on Bajaj Markets, follow the steps mentioned below:

Click on the ‘Apply Now’ option on this page
Fill in your personal and professional details in the online application form
Choose ‘ICICI Bank’ from the list of partners available
Enter the loan amount you wish to borrow and the property details
Know more about the loan amount you are eligible to receive and the associated charges
Once you submit the form, your application is reviewed and verified. After this, an official representative will get in touch with you for further proceedings.

Home Loan Partners

Home Loan Quick Links

Government Schemes

What is the current ICICI Bank Home Loan interest rate?

The home loan’s interest rate starts from 9.00% p.a. However, the rate you are offered depends on your eligibility, credit score, tenure, and other factors.

Does ICICI Bank give pre-approved home loans?

Yes, ICICI Bank does offer pre-approved home loans.

Does ICICI Bank check CIBIL scores for a home loan?

Yes, a CIBIL score is a key factor taken into consideration when determining your eligibility for the loan.

Can I apply for an ICICI Bank Home Loan if I have existing loans or liabilities?

Yes. You can apply for an ICICI Bank Home Loan with existing loans or liabilities. However, be mindful of your debt-to-income ratio, as it has a major impact on your ICICI Bank Home Loan eligibility.