ICICI Bank Home Loan Interest Rates 2025
Updated on: Jan 21st, 2025
|
6 min read
ICICI Bank helps you own a house by offering several home loan schemes. ICICI Bank understands how critical it is to choose the right home and how important it is to you and your family when looking for a home. Offering competitive interest rates ranging from 9.00% p.a. to 10.05% p.a. and loan tenures of up to 30 years, it’s a great choice to consider when choosing a home loan.
This article will highlight the important factors you should know before you apply for a home loan.
Highlights of ICICI Bank home loans
ICICI Bank Home Loan Amount | Up to INR 5 crore |
ICICI Bank Housing Loan Interest Rate | 9.00% p.a. To 10.05% p.a. |
Loan Tenure | 30 years |
Processing Fees | 2.00% of the loan amount |
Interest rates of ICICI Bank home loans
Standard Home Loan Interest Rates
Loan Amount | Salaried Customers | Self employed Customers |
Upto INR 35 Lakhs | 9.25% - 9.65% | 9.40% - 9.80% |
₹ 35 lakhs to ₹ 75 lakhs | 9.50% - 9.80% | 9.65% - 9.95% |
Above ₹ 75 lakhs | 9.60% - 9.90% | 9.75% -10.05% |
Special Home Loan Interest Rates
Credit Score | Salaried | Self Employed |
800 | 9.00% p.a. | 9.00% p.a. |
750-800 | 9.00% p.a. | 9.10% p.a. |
Top home loan schemes of ICICI Bank
Basic Home Loan | The most popular home loan from ICICI. If you meet the eligibility criteria for the loan, the lender can approve up to 75% of the cost of the property as a home loan. |
Home Construction Loan | If you own a piece of land, and you want to build a home on that property, you can take it as a home construction loan. Home construction loans are given in installments based on the construction process. The amount for the loan is based on the approximate construction cost. |
Home Extension/Improvement Loan | If you already have a home, but want to make an extension, like another room or another floor, a home extension would be useful. |
Home Loan Balance Transfer | If you are repaying a home loan you currently have and want to get it at a lower rate, you have the option to switch to another lender. |
Comparison between ICICI home loan interest rates with other banks
Banks | Home Loan Interest Rates |
State Bank of India | 8.50% p.a. to 10.45% p.a. |
Axis Bank | 8.75% p.a. to 9.15% p.a. |
Bank of Baroda | From 8.4% p.a. |
HSBC Bank | 8.75% p.a. - 13.25% p.a. |
Punjab National Bank | From 8.50% p.a. |
HDFC Bank Limited | 8/75% p.a to 9.40% p.a |
ICICI Bank | 9.00% p.a. To 10.05% p.a. |
CitiBank | From 7.45% p.a. |
LIC Housing Finance | 8.50% p.a. - 10.35% p.a. |
Kotak Mahindra Bank | From 8.70% p.a. |
Federal Bank | 10.15% p.a. - 10.20% p.a. |
Features and benefits of ICICI Bank home loan
- Prepayment, foreclosure charges are NIL for floating-rate loans.
- Track your loan application status online with the Trackmyloan Application feature on the official website of ICICI Bank.
- Quick and transparent processing.
- Special benefits for premium banking customers.
- Repay your home loan in smaller EMIs initially and step up eventually over a tenure of 30 years subject to conditions.
- Avail attractive interest rates for different categories.
- Choose the right home loan scheme based on your requirements.
- Transfer the home loan from another bank to ICICI Bank and pay reduced EMI.
Who is eligible for ICICI Bank home loans
- Any person in the age group of 21 to 65 years (salaried applicants) and 21 to 70 years (self-employed applicants).
- Minimum salary of INR 25000.
- Stable business track record for the self employed.
- 700+ credit score.
- Indian Residents.
Documents required for ICICI home loans
Individuals:
Identity proof and address proof:
- Aadhar
- Passport
- Driving license
- Voter id
- NREGA Card
- Letter from National Population Register (NPR) containing name and address.
Non Individuals:
Identity proof:
- Registration Certificate including Udyam Registration Certificate (URC) issued by the Government/Certificate/License issued by the municipal authorities under Shop and Establishment Act/Sales and Income Tax returns/CST/VAT/GST Certificate/Certificate/Registration document issued by Sales Tax/Service Tax/Professional Tax authorities/ IEC (Importer Exporter Code) issued to the proprietary concern by the office of the Directorate General of Foreign Trade (DGFT)/License/Certificate of practice issued in the name of the proprietary concern by any professional body incorporated under a statute/Complete Income Tax Returns (not just the acknowledgement) in the name of the Sole Proprietor where the firm's income is reflecting, duly authenticated/acknowledged by the Income Tax authorities/Utility bills such as electricity, water, landline telephone bills etc.
Address proof
- GST Certificate
- Business Registration Certificate
- Gumastaa License
- Udhyam Registration Certificate
- Bank statement (not to be considered for entity proof)
- Utility Bill
- ITR
- Rent Agreement with utility bill within 2 months.
Fees and charges
Charges | Loan Amount |
Loan Processing Charges (Non Refundable) | Upto 20% of loan amount. |
Administrative Charges
| 0.25 % of Facility Amount or ₹ 5000/- whichever is lower. |
Conversion charges
|
|
ICICI Bank home loan EMI calculator
Use our free home loan EMI calculator to understand how much EMI you will have to pay for what loan amount over the loan tenure.
Similar Banks Offering Home Loan:
Lowest Home Loan Interest Rate
Yes Bank Home Loan Interest Rate
Punjab Bank Home Loan Interest Rate
IDBI Bank Home Loan Interest Rate
CitiBank Home Loan Interest Rate
Kotak Bank Home Loan Interest Rate
Axis Bank Home Loan Interest Rate
HDFC Bank Home Loan Interest Rate
Union Bank of India Home Loan Interest Rate
Central Bank of India Home Loan Interest Rate
Frequently Asked Questions
Clear offers taxation & financial solutions to individuals, businesses, organizations & chartered accountants in India. Clear serves 1.5+ Million happy customers, 20000+ CAs & tax experts & 10000+ businesses across India.
Efiling Income Tax Returns(ITR) is made easy with Clear platform. Just upload your form 16, claim your deductions and get your acknowledgment number online. You can efile income tax return on your income from salary, house property, capital gains, business & profession and income from other sources. Further you can also file TDS returns, generate Form-16, use our Tax Calculator software, claim HRA, check refund status and generate rent receipts for Income Tax Filing.
CAs, experts and businesses can get GST ready with Clear GST software & certification course. Our GST Software helps CAs, tax experts & business to manage returns & invoices in an easy manner. Our Goods & Services Tax course includes tutorial videos, guides and expert assistance to help you in mastering Goods and Services Tax. Clear can also help you in getting your business registered for Goods & Services Tax Law.
Save taxes with Clear by investing in tax saving mutual funds (ELSS) online. Our experts suggest the best funds and you can get high returns by investing directly or through SIP. Download Black by ClearTax App to file returns from your mobile phone.
Cleartax is a product by Defmacro Software Pvt. Ltd.
ISO 27001
Data Center
SSL Certified Site
128-bit encryption