ICICI Bank Affordable Home Loans at Your Convenience

ICICI Home loan is a trusted brand name which is widely recognized by various customers. It offers a vast array of home loan products for the purpose of ready/under construction, residential property/construction of a residential property on own land. Other facilities encompass pre-approved home loan, step-up and balance transfer.  

home loan

ICICI Home Loan Interest Rate:

For Women customers ICICI levies following interest rates :

Floating Interest:

  • For loan amount upto ₹ 75 lakhs – 8.65% p.a.
  • For loans amount to ₹ 75 lakhs to ₹ 5 crore – 8.70% p.a.
  • For loans above ₹ 5 crore – 8.80% p.a.

Fixed Interest Rate for 5 Years, 10 years:

  • For loan amount upto ₹ 30 lakhs – 8.70% p.a.
  • For loans amount to ₹ 30 lakhs to ₹ 5 crore – 8.80% p.a.
  • For loans above ₹ 5 crore – 8.90% p.a.

Full Tenor Fixed Interest Rate:

  • For loan amount upto ₹ 30 lakhs – 9.70% p.a.
  • For loans amount to ₹ 30 lakhs to ₹ 5 crore – 9.80% p.a.
  • For loans above ₹ 5 crore – 10.05% p.a.

For Salaried & Self-employed borrowers except Women ICICI charges following interest rates:

Floating Interest:

  • For loan amount upto ₹ 75 lakhs – 8.70% p.a.
  • For loans amount to ₹ 75 lakhs to ₹ 5 crore – 8.75% p.a.-8.85% p.a.
  • For loans above ₹ 5 crore – 8.85% p.a.(for self-employed  borrowers)

Fixed Interest Rate for 2 Years, 3 years:

  • For loan amount upto ₹ 75 lakhs – 8.70% p.a.
  • For loans amount to ₹ 75 lakhs to ₹ 5 crore – 8.75% p.a.–8.85% p.a.
  • For loans above ₹ 5 crore – 8.85% p.a.(for self-employed borrowers)

Fixed Interest Rate for 5 Years, 10 years:

  • For loan amount upto ₹ 30 lakhs – 8.75% p.a.
  • For loans amount above ₹ 30 lakhs  – 8.85% -8.95% p.a.

Full Tenor Fixed Interest Rate:

  • For loan amount upto ₹ 30 lakhs – 9.75% p.a.
  • For loans amount above ₹ 30 lakhs – 9.85%-10.10% p.a.
  • For Weaker-section borrowers (Scheduled Caste/Scheduled Tribe) ICICI charges following interest rates:

Floating Interest:

  • For loan amount upto ₹ 28 lakhs – 8.65% p.a.

ICICI Home Loan Eligibility:

  • The borrowers home loan eligibility for home loans should fall in the category of salaried employees/self-employed professionals/self-employed non-professionals(businessmen).
  • The minimum age limit of the borrower should be 18 years and less than 70 years at loan maturity.
  • The processing fee ranges 0.50% – 1.00% of the loan amount or Rs. 2000/- whichever is higher + applicable Service Tax & Surcharge.
  • The applicable prepayment charges are :
      • No charges applied for Home Loans and  Home Improvement Loans with floating rate of interest
      • 2% plus applicable taxes on balance principal amount on full repayment for Home Loans with a fixed rate of interest.
      • 2% plus applicable taxes on balance principal amount on full repayment for Home Loan Top- Up loan if the applicant or co-applicant is Non-Individual.
  • 4% plus applicable taxes on principal outstanding where loan is sanctioned to Non- Individual borrowers or with fixed rate of interest to Individual borrowers. If the loan is approved prior to March 1, 2011, then prepayment charges would be 2% plus applicable taxes.

ICICI Home Loan Calculator:

Home Loan EMI is the amount payable to the borrower as a repayment towards their borrowed loan amount to finance your home. EMI is calculated subject to the borrowed amount, sanctioned rate of interest and loan tenure.

ICICI Home Loan Documents:

Common documents are required to be submitted by Salaried/Self employed professional/Self-employed non-professional(businessmen):

  • Duly signed application form along with photograph
  • Identity, Residence and Age proof-Any 1 (Aadhaar Card, PAN Card or Election Identity Card)
  • Last 6 months bank statements
  • Last 3-months salary slip
  • Processing fee cheque
  • Form 16/Income Tax Returns

Apart from the other documents, there are other documents which need to be submitted by both self-employed professional/self-employed non-professional(businessmen):

  • Educational qualification certificate and proof of business existence
  • Last 3 years Income Tax Returns with computation of Income
  • Last 3 years CA Certified/Audited Balance Sheet and Profit & Loss Account

Other documents need to be submitted by Self-employed professional :

    • Proof of business existence
    • Business profile

ICICI Home Loan Customer Care:

If you have any questions or doubts about prevailing interest rates on home loan products or know more about scheme related information, contact an experienced customer care personnel on :33667777 / 44455000(Mumbai).

 

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