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ICICI BANK HOME LOAN

About ICICI Bank Home Loan :

ICICI Bank is a leading private sector bank in India. It offers a wide range of banking and financial services to corporate and retail customers. In the 1990s, ICICI transferred its business from development financial institutions offering only project finance to a diversified financial services group offering a wide variety of products and services.

ICICI Home Loan is one of the natural and quick loans with a reasonable interest rate. It’s a hassle-free loan facility with no Equated Monthly Installment stresses and quick approval. With a specific end goal to grab ICICI Home Loan, you need to apply here. Home loan is one of the most provided economic outcomes of the ICICI bank.

There are so many banks and non-banking financial companies that offer home loans nowadays, but ICICI bank is the best bank for providing home loans at an attractive interest rate for both fixed and floating rate loans The bank has a vast area of the network, and it has been serving customers with excellent and reliable financial services.

The purposes you can take ICICI Bank Home Loan :

  • Buying a new house

  • Buying a resale home

  • Construction new home 

  • Buying a property

  • Balance transfer

Benefits of ICICI Bank Home Loan :

1. Flexible repayment option upto 30 years 

2. Offers home loan online application facility

3. Doorstep services provided at your comfort

4. Attractive interest rate on both fixed and floating rate loans

5. Top up loan facility available 

6. Faster documentation process for existing customers 

Fees and Charges of ICICI Bank Home Loan :

TYPE 

CHARGES 

Processing fee 

0.50% of the loan amount plus applicable tax

Preclosure fee 

NIL

Part payment fee

NIL

Charges of late payment 

2% per month 

Repayment mode swap charges 

Rs.500

Document retrieval charges

Rs.500

Cheque bounce charges 

Rs.500

Duplication of Non Objection Certificate

Rs.100

Revalidation of Non Objection Certificate 

Rs.100

Administrative Charges 

Rs.5000

CIBIL Report 

Rs.50

Legal, Incidental charges 

At actuals 

Eligibility Criteria for ICICI Bank Home Loan :

ELIGIBLE 

Salaried, self employed and self employed professionals

AGE 

18 years to 65 years 

NATIONALITY 

Indian Resident and NRI 

Documents Required for ICICI Bank Home Loan :

1. Fully filled signed application form 

2. Passport size photograph

3. ID Proof : Aadhaar Card, PAN Card, Driving License, Passport, Voter identification, Employment id

4. Address Proof : Aadhar Card, Rental agreement, Voter id, Driving license, Passport, Employment id 

5. Income Proof : For salaried employees = 3 months salary slip, last 2 years ITR Return or form 16, Bank statement for last 2 months showing that the salary has been credited

6. For Self employed individuals / professionals = 2  years ITR return, Profit & loss account and Balance sheet computation with CA seal and sign, Bank statement for the last 6 months.

Compare other bank home loan interest rates :

BANKS 

INTEREST RATE

AXIS Bank Asha Home Loan

Starts at 10.05% onwards 

AXIS Bank Shubh Aarambh Home Loans

Starts at 7.75% onwards

AXIS Bank Fast Forward Home Loans

Starts at 7.75% onwards

AXIS Bank Home Loan

7.75% to 9.40%

AXIS Bank Empower Home Loan

Start at 9.55% onwards 

AXIS Bank Super Saver Home Loan

8.15% to 8.30%

AXIS Bank TopUp Loan

8.90% to 9.15%

SBI NRI Home Loan

6.95% onwards

SBI Flexipay Home Loan

7.40% onwards 

SBI Privilege Home Loan

6.95% onwards 

SBI Regular Home Loan

6.95% onwards 

SBI Shaurya Home Loan

6.95% onwards 

SBI Pre-approved loan

6.95% onwards 

SBI Realty Home Loan

7.65% onwards

SBI Home Top Up Loan

7.90% onwards

SBI Bridge Home Loan

9.50% to 10.50%

SBI Tribal plus Home Loan

6.75% onwards

SBI Earnest Money Deposit

10.45% onwards

SBI Reverse Mortgage Loan

8.05% onwards

SBI CRE Home Loans

7.45% onwards 

HDFC Bank Home Loan

6.95% to 7.50%

Kotak Mahindra Bank Home Loan

7.40% to 9.70%

Yes Bank Home Loan

9.60% to 10.55%

Citi Bank Home Loan

7.34% to 8.29%

ICICI Bank Home Loan

6.95% to 8.05%

Standard Chartered Bank Home Loan

Starting at 8.71%

IDBI Bank Home Loan

7.80% to 8.80%

RBL Bank Home Loan

9.75% to 10.05%

HSBC Bank Home Loan

8.55% to 8.655

HSBC Bank Smart Home Loan

11.005 to 11.505

IndusInd Bank Home Loan

8.00% to 15.00%

Bank of Baroda Home Loan

6.85% to 7.75%

Bank of India Home Loan

6.85% to 7.755

Canara Bank Home Loan

6.90% to 8.90%

Indian Bank Home Loan

7.55% to 8.40%

Punjab National Bank Home Loan

Starting at 7.00%

Schemes of ICICI Bank Home Loan :

Instant Home Loan 

30 Year Home Loan 

Home Improvement Loan

Balance Transfer Plus Top up

Top up Home Loan

Insta Top up Loans 

Extra Home Loan 

24 Hours Top up Loans

Pragati Home Loan 

Land Loan 

Prdhan Mantri Awas Yojna 

Saral Housing Loan 

How to apply for ICICI Bank Home Loan :

There are two ways to apply for home loans from ICICI Bank :

1. Offline method : By visiting nearest bank branch

2. Online Method :

  • First of all first visit to official website of ICICI Bank

  • In retail section go to the “loans”

  • Now click in home loan

  • After that go to “Home loan”

  • Now click on apply now and fill application form 

Other products of ICICI Bank :

1. ICICI Bank Personal Loan 

2. ICICI Bank Car Loan 

3. ICICI Bank Credit Card

4. ICICI Bank Home Loan 

How to contact with ICICI Bank :

1. By customer care contact number : 18601207777

2. By customer care email id : customer.care@icicibank.com

How to calculator EMI of ICICI Bank Home Loan :

The following formula is used to calculate EMI of ICICI Bank Home Loan :

EMI = [PXRX(1+R)^N] / [(1+R)^N-1]

Where,

P stands for Loan Amount

R stands for Interest Rate

N stands for tenure in number of months 

Financials products offered by Bank :

BUSINESS LOAN

CAR LOAN

COMMERCIAL LOAN 

EDUCATION LOAN

GOLD LOAN

HOLIDAY LOAN 

HOME LOAN 

LOAN AGAINST PROPERTIES 

LOAN AGAINST SECURITIES

PERSONAL LOAN

PROFESSIONAL LOAN

TWO WHEELER LOAN

ICICI Bank Home Loan Frequently Asked Questions :

1. What is the minimum and maximum repayment tenure of a home loan in ICICI Bank?

The minimum  repayment tenure is 3 years and maximum loan tenure is 30 years of a home loan in ICICI Bank

 2. What is the minimum and maximum loan amount of ICICI Bank home loan ?

The minimum loan amount is Rs.5 lakh and maximum loan amount is Rs.10 crore of ICICI Bank home loan.

 3. Is age eligibility important to get a home loan from ICICI Bank?

Yes, age eligibility is important to get a home loan from ICICI Bank. The age should be 18 years to 65 years.

 4. How much processing fee charged by ICICI Bank for home loan?

The processing fee charged by ICICI Bank for home is ranging from 0.50% of the loan amount plus applicable tax.

5. For which purposes you can take a home loan from ICICI Bank?

You can take a home loan from ICICI Bank for various purposes i.e. buying a new home, buying a resale home, construction of a new home , buying a product, balance transfer.

6. Who is eligible to take a home loan from ICICI Bank?

Salaried employees, self employed and self employed professionals are eligible to take a home loan from ICICI Bank.

Last Updated on : 18/Aug/2020

Know More About

Icici Bank Home Loan

You're eligible for a Icici Bank Home Loan if you:


Are legally adult enough to handle it


Have still got it


Get a regular pay check


Make more than a basic buck

Your eligibility depends on:


Earn more than minimum income required


Maximum allowed Home Loans is Rs. 10K to Rs. 45 lakhs


EMIs of other loans loweryour eligibility

Boost your eligibility by:


Pay off your credit card bills


Choose longer tenure loan up to 5 years

Nothing gets done without that paperwork (which we'll happily carry over to the bank for you, no sweat). Here's what you'll need:

  • 1. Photo ID and age proof
  • 2. Signed application form with photograph
  • 3. Residence proof
  • 4. Last 6 months bank statement
  • 5. Documentation for salaried applicants:
    • Last 3 months salary - slips
    • Form 16 or Income Tax Returns
  • 6. Documentation for self-employed applicants:
    • Last 3 years Income Tax Returns with computation of Income
    • Last 3 years CA Certified / Audited Balance Sheet and Profit & Loss Account

Icici Bank Home Loan Interest Rates

Updated on 25 Nov 2017

Icici Bank Home Loan Details
Interest Rate (Monthly reducing balance) 6.95% - 8.05%
Processing Fees 0.50% of the loan amount plus applicable taxes
Loan Tenure 3 year to 30 years
Pre-closure Charges Varies with bank
Guarantor Requirement Varies with bank

Home Loans EMI Calculator

Loan Amount

|
1L
|
50L
|
100L
|
150L
|
2Cr

Interest Rate

%
|
5
|
10
|
12.5
|
17.5

Loan Tenure

|
1
|
10
|
20
|
25
|
0
|
120
|
240
|
300


Your Monthly Loan EMI


₹24,959