ICICI Bank Home Loan
ICICI Home loan is ideally meant for individuals looking forward to own their dream home. It is tailor-made to suit specific business requirements.
ICICI Bank Home Loan Products & Features
ICICI Bank offers a host of Home Loan products that will meet your specified requirements.
- ICICI Bank Extraa Home Loans â enhance your loan amount by up to 20%
- ICICI Bank Pragati Home Loans â created for affordable housing segment
- Pradhan Mantri Awas Yojna - Credit Linked Subsidy Scheme" for EWS and LIG categories
- Balance Transfer - transfer your existing home loan to ICICI Bank
- Personal Loan linked to Home Loan - kind of Top-up loan availed by home loans
- Balance Transfer and Top Up - combines benefits of Balance Transfer and Top Up
- ICICI Bank Saral Rural Housing Loan - empowers the women borrower and weaker section
- Home Improvement Loan - facilitates improvement of a self-owned dwelling
- Loan Against Property â get funs against your property value
- Lease Rental Discounting - raise funds against future expected rentals
- Office Premises Loan ( Non Residential Property) â get a permanent address to set up a business
- Land Loan - purchase a residential plot of land for self-construction
- Home Loans for Non Resident Indians - attractive offers for NRIs and PIOs
ICICI Bank Home Loan Interest Rates, Charges, Fees and Commissions
The ICICI Home Loan interest rates are available as floating interest rate and fixed interest rate for their different product categories and type of borrower.
| Floating Interest Rate |
|---|
| Category | Effective Rate of Interest | Rate |
| Up to â¹ 75 lacs | 8.65% | I-MCLR-1Y+0.45% |
| â¹ 75 lacs to â¹ 5 crore | 8.70% | I-MCLR-1Y+0.50% |
| Above â¹ 5 crore | 8.80% | I-MCLR-1Y +0.60% |
| Fixed Interest Rate for 5 Years, 10 Years |
|---|
| Category | Effective Rate of Interest | Rate |
| Up to â¹ 30 lacs | 8.70% | I-MCLR-1Y + 0.50% |
| â¹ 30 lacs to â¹ 5 crore | 8.80% | I-MCLR-1Y + 0.60% |
| Above â¹ 5 crore | 8.90% | I-MCLR-1Y+0.70% |
| Full Tenor Fixed Interest Rate |
|---|
| Category | Effective Rate of Interest |
| Up to â¹ 30 lacs | 9.70% |
| â¹ 30 lacs to â¹ 5 crore | 9.80% |
| Above â¹ 5 crore | 10.05% |
Weaker Section Borrower#
| Floating Interest Rate |
|---|
| Category | Effective Rate of Interest | Rate |
| Up to â¹ 28 lacs | 8.65% | I-MCLR-1Y +0.45% |
Salaried Borrower
| Floating Interest Rate |
|---|
| Category | Effective Rate of Interest | Rate |
| Up to â¹ 75 lacs | 8.70% | I-MCLR-1Y + 0.50% |
| â¹ 75 lacs to â¹ 5 crore | 8.75% | I-MCLR-1Y + 0.55% |
| Above â¹ 5 crore | 8.85% | I-MCLR-1Y + 0.65% |
| Fixed Interest Rate for 2 Years, 3 Years |
|---|
| Category | Fixed rate for 24/36 months | Floating rate pricing from 25th/37th month |
| Up to â¹ 75 lacs | 8.70% | I-MCLR-1Y + 0.50% |
| â¹ 75 lacs to â¹ 5 crore | 8.75% | I-MCLR-1Y + 0.55% |
| Above â¹ 5 crore | 8.85% | I-MCLR-1Y + 0.65% |
| Fixed Interest Rate for 5 Years, 10 Years |
|---|
| Category | Fixed rate for 60/120 months | Floating rate pricing from 61st/121st month |
| Up to â¹ 30 lacs | 8.75% | I-MCLR-1Y + 0.55% |
| Above â¹ 30 lacs | 8.85% to 8.95% | I-MCLR-1Y + (0.65% to 0.75%) |
| Full Tenor Fixed Interest Rate |
|---|
| Category | Effective Rate of Interest |
| Up to â¹ 30 lacs | 9.75% |
| Above â¹ 30 lacs | 9.85% to 10.10% |
Self Employed Borrower
| Floating Interest Rate |
|---|
| Category | Effective Rate of Interest | Rate |
| Up to â¹ 75 lacs | 8.70% | I-MCLR-1Y + 0.50% |
| Above â¹ 75 lacs | 8.75% to 8.85% | I-MCLR-1Y + (0.55% to 0.65%) |
| Fixed Interest Rate for 2 Years, 3 Years |
|---|
| Category | Fixed rate for 24/36 | Floating rate pricing from 25th/37th |
| - | months | months |
| Up to â¹ 75 lacs | 8.70% | I-MCLR-1Y + 0.50% |
| Above â¹ 75 lacs | 8.75% to 8.85% | I-MCLR-1Y + (0.55% to 0.65%) |
| Fixed Interest Rate for 5 Years, 10 Years |
|---|
| Category | Fixed rate for 60/120 months | Floating rate pricing from 61st/121st month |
| Up to â¹ 30 lacs | 8.75% | I-MCLR-1Y + 0.55% |
| Above â¹ 30 lacs | 8.85% to 8.95% | I-MCLR-1Y + (0.65% to 0.75%) |
| Full Tenor Fixed Interest Rate |
|---|
| Category | Effective Rate of Interest |
| Up to â¹ 30 lacs | 9.75% |
| Above â¹ 30 lacs | 9.85% to 10.10% |
Below mentioned floating rates are linked to I-MCLR-6M (Six months MCLR) benchmark rate. Effective January 03, 2017 I-MCLR-6M is 8.15%.
